Monday, July 15
8:30 am
Coffee and Pastries
9:00 am

Global Banks and Systemic Debt Crises

Juan Morelli, Federal Reserve Board of Governors
Pablo Ottonello, University of Maryland, College Park and NBER
Diego Perez, New York University and NBER

Discussant:
Alessandro Dovis, University of Pennsylvania and NBER
10:00 am
Break
10:15 am

The Optimal Maturity of Government Debt

Anmol Bhandari, University of Minnesota and NBER
David Evans, University of Oregon
Mikhail Golosov, University of Chicago and NBER
Thomas J. Sargent, New York University and NBER

Discussant:
Pierre Yared, Columbia University and NBER
11:15 am
Break
11:30 am

Optimal Monetary Policy in Production Networks

Jennifer La'O, Columbia University and NBER
Alireza Tahbaz-Salehi, Northwestern University

Discussant:
Nobuhiro Kiyotaki, Princeton University and NBER
12:30 pm
Lunch
1:30 pm

Monetary Policy and Sovereign Risk in Emerging Markets

Cristina Arellano, Federal Reserve Bank of Minneapolis
Yan Bai, University of Rochester and NBER
Gabriel P. Mihalache, The Ohio State University

Discussant:
Paulina Restrepo-Echavarria, Federal Reserve Bank of St. Louis
2:30 pm
Break
2:40 pm

Asset Prices and Employment Fluctuations

Patrick J. Kehoe, Stanford University and NBER
Pierlauro Lopez, Federal Reserve Bank of Cleveland
Virgiliu Midrigan, New York University and NBER
Elena Pastorino, Stanford University and NBER

Discussant:
Fernando E. Alvarez, University of Chicago and NBER
3:40 pm
Break
3:50 pm

A Global View of Creative Destruction

Chang-Tai Hsieh, University of Chicago and NBER
Peter J. Klenow, Stanford University and NBER
Ishan Nath, Federal Reserve Bank of San Francisco

Discussant:
Kurt Mitman, Center for Monetary and Financial Studies
4:50 pm
Break
5:00 pm

Imperfect Risk-Sharing and the Business Cycle

David W. Berger, Duke University and NBER
Luigi Bocola, Stanford University and NBER
Alessandro Dovis, University of Pennsylvania and NBER

Discussant:
Anmol Bhandari, University of Minnesota and NBER
6:00 pm
Adjourn
Suggestions on Format
Introduction: Please keep these to 5 minutes. And the audience should refrain from essentially all questions.
Clarifying Questions: Welcome at all times. If you do not understand something, it is highly likely that other people do not as well, so please ask.
Deeper Questions: These typically have much higher value added when brought up after the main results have been given, so that the audience understands the framework the author is using and the author has narrowed down the question to a precise one.
Anticipatory Questions: Questions such as ``Will this feature be important’’ or ``Are you going to look at x’’ are typically very low value added. It is much better to let the author put up the results and then ask such questions.