
	Monday, July 15
8:30 am	Coffee and Pastries
9:00 am	Global Banks and Systemic Debt Crises Juan Morelli, Federal Reserve Board Pablo Ottonello, University of Maryland 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, Institute for International Economic 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.

Participants

Mark A. Aguiar, Princeton University and NBER
Fernando E. Alvarez, University of Chicago and NBER
Manuel Amador, University of Minnesota and NBER
Cristina Arellano, Federal Reserve Bank of Minneapolis
Tamon Asonuma, International Monetary Fund
Adrien Auclert, Stanford University and NBER
Yan Bai, University of Rochester and NBER
Marianne Baxter, Boston University and NBER
Martin Beraja, Massachusetts Institute of Technology and NBER
Anmol Bhandari, University of Minnesota and NBER
Alberto Cavallo, Harvard University and NBER
Alessandro Dovis, University of Pennsylvania and NBER
Andrés Drenik, University of Texas at Austin and NBER
Doireann Fitzgerald, Federal Reserve Bank of Minneapolis
Xavier Gabaix, Harvard University and NBER
Mikhail Golosov, University of Chicago and NBER
Grace Weishi Gu, University of California, Santa Cruz
Marcus Hagedorn, University of Oslo
Fatih Karahan, Amazon
Patrick J. Kehoe, Stanford University and NBER
Nobuhiro Kiyotaki, Princeton University and NBER
Peter J. Klenow, Stanford University and NBER
Jennifer La'O, Columbia University and NBER

Karen K. Lewis, University of Pennsylvania and NBER
Matteo Maggiori, Stanford University and NBER
Guido Menzio, New York University and NBER
Gabriel Mihalache, The Ohio State University
Kurt Mitman, Institute for International Economic Studies
Dmitry Mukhin, London School of Economics
Jaromir Nosal, Boston College
Toshiaki Ogawa, Bank of Japan
Pablo Ottonello, University of Maryland and NBER
Juan Passadore, International Monetary Fund
Elena Pastorino, Stanford University and NBER
Diego J. Perez, New York University and NBER
Thomas Philippon, New York University and NBER
Paulina Restrepo-Echavarria, Federal Reserve Bank of St. Louis
Zachary R. Stangebye, University of Notre Dame
Alireza Tahbaz-Salehi, Northwestern University
Venky Venkateswaran, New York University and NBER
Shingo Watanabe, Bank of Japan
Thomas Winberry, University of Pennsylvania and NBER
Mark L.J. Wright, Federal Reserve Bank of St. Louis
Pierre Yared, Columbia University and NBER
Jing Zhang, Federal Reserve Bank of Chicago