Friday, July 12

8:00 am

Coffee and Pastries

8:30 am

Real Credit Cycles

Pedro Bordalo, University of Oxford
Nicola Gennaioli, Bocconi University
Andrei Shleifer, Harvard University and NBER
Stephen J. Terry, University of Michigan and NBER

Discussant:
Alp Simsek, Yale University and NBER

9:30 am

The Retirement-Consumption Puzzle: New Evidence from Personal Finances

Arna Olafsson, Copenhagen Business School
Michaela Pagel, Washington University in St Louis and NBER

Discussant:
Pascal J. Noel, University of Chicago and NBER

10:30 am

Break

11:00 am

A Retrieved-Context Theory of Financial Decisions (slides)

Jessica Wachter, University of Pennsylvania and NBER
Michael J. Kahana, University of Pennsylvania

Discussant:
Ulrike Malmendier, University of California, Berkeley and NBER

12:00 pm

Lunch

Afternoon joint with Monetary Economics in the Charles Room

1:00 pm

Managing Expectations without Rational Expectations (slides)

George-Marios Angeletos, Northwestern University and NBER
Karthik Sastry, Princeton University and NBER

Discussant:
Gauti B. Eggertsson, Brown University and NBER

2:00 pm

Break

2:30 pm

On the Limits of Monetary Policy

Stefano Eusepi, Brown University
Marc Giannoni, Barclays Corporate and Investment Bank
Bruce Preston, University of New South Wales

Discussant:
Athanasios Orphanides, Massachusetts Institute of Technology

3:30 pm

Asset Pricing with Fading Memory

Stefan Nagel, University of Chicago and NBER
Zhengyang Xu, City University of Hong Kong

Discussant:
Stefano Giglio, Yale University and NBER

4:30 pm

Adjourn