
	Monday, July 6
1:00 pm	In Search of the Origins of Financial Fluctuations: The Inelastic Markets Hypothesis Xavier Gabaix, Harvard University and NBER Ralph Koijen, University of Chicago and NBER Discussant: Dimitri Vayanos, London School of Economics and NBER (slides)
1:50 pm	Counterparty Risk: Implications for Network Linkages and Asset Prices Fotis Grigoris, University of Iowa Yunzhi Hu, University of North Carolina at Chapel Hill Gill Segal, University of North Carolina at Chapel Hill Discussant: Maryam Farboodi, Massachusetts Institute of Technology and NBER
2:40 pm	Break
2:50 pm	Feedback and Contagion through Distressed Competition Hui Chen, Massachusetts Institute of Technology and NBER Winston Wei Dou, University of Pennsylvania and NBER Hongye Guo, University of Hong Kong Yan Ji, Hong Kong University of Science and Technology Discussant: Ye Li, University of Washington (slides)
3:40 pm	Does Money Talk? Market Discipline through Selloffs and Boycotts Nickolay M. Gantchev, University of Warwick Mariassunta Giannetti, Stockholm School of Economics Rachel Li, University of Alabama Discussant: Martin Oehmke, London School of Economics
4:30 pm	Adjourn
	Tuesday, July 7
1:00 pm	Beyond the Balance Sheet Model of Banking: Implications for Bank Regulation and Monetary Policy Greg Buchak, Stanford University Gregor Matvos, Northwestern University and NBER Tomasz Piskorski, Columbia University and NBER Amit Seru, Stanford University and NBER Discussant: Dean Corbae, University of Wisconsin-Madison and NBER
1:50 pm	The Long and Short of Cash Flow Shocks and Debt Financing Seong Byun, Virginia Commonwealth University Valery Polkovnichenko, Federal Reserve Board Michael J. Rebello, University of Texas at Dallas Discussant: Toni Whited, University of Michigan and NBER
2:40 pm	Break
2:50 pm	Stock Market's Assessment of Monetary Policy Transmission: The Cash Flow Effect Refet S. Gürkaynak, Bilkent University Gokce Karasoy-Can, Central Bank of Turkey Sang Seok Lee, Bilkent University Discussant: Anil K Kashyap, University of Chicago and NBER
3:40 pm	Q: Risk, Rents, or Growth? (slides) Alexandre Corhay, University of Toronto Howard Kung, London Business School Lukas Schmid, University of Southern California Discussant: Callum J. Jones, Federal Reserve Board
4:30 pm	Adjourn
	Wednesday, July 8
1:00 pm	The Fiscal Theory of the Price Level with a Bubble (slides) Markus K. Brunnermeier, Princeton University and NBER Sebastian A. Merkel, University of Exeter Yuliy Sannikov, Stanford University Discussant: Narayana R. Kocherlakota, University of Rochester and NBER
1:50 pm	A Ramsey Theory of Financial Distortions (slides) Marco Bassetto, Federal Reserve Bank of Minneapolis Wei Cui, University College London Discussant: Jiang Wang, Massachusetts Institute of Technology and NBER
2:40 pm	Break
2:50 pm	Sovereign Default and the Decline in Interest Rates (slides) Max Miller, Harvard University James Paron, University of Pennsylvania Jessica Wachter, University of Pennsylvania and NBER Discussant: François Gourio, Federal Reserve Bank of Chicago
3:40 pm	Low Rates and Bank Loan Supply: Theory and Evidence from Japan Cynthia Balloch, London School of Economics Yann Koby, Brown University Discussant: Randall Morck, University of Alberta and NBER
4:30 pm	Adjourn
	FORMAT: Authors 20 minutes Discussants 15 minutes Open discussion 15 minutes

Participants

lukas_schmid1
Andrew B. Abel, University of Pennsylvania and NBER
Manuel Adelino, Duke University and NBER
Hengjie Ai, University of Wisconsin - Madison
Gene Amromin, Federal Reserve Bank of Chicago
Kartik Athreya, Federal Reserve Bank of Richmond
Ruediger Bachmann, University of Notre Dame
Cynthia Balloch, London School of Economics
Ravi Bansal, Duke University and NBER
Marco Bassetto, Federal Reserve Bank of Minneapolis
Susanto Basu, Boston College and NBER
Jaroslav Borovička, New York University and NBER
Markus K. Brunnermeier, Princeton University and NBER
Greg Buchak, Stanford University
Seong Byun, Virginia Commonwealth University
Christopher D. Carroll, Johns Hopkins University and NBER
David Chapman, University of Virginia
Hui Chen, Massachusetts Institute of Technology and NBER
Pierre Collin-Dufresne, École Polytechnique Fédérale de Lausanne
Dean Corbae, University of Wisconsin-Madison and NBER
Alexandre Corhay, University of Toronto
Wei Cui, University College London
Mariacristina De Nardi, University of Minnesota and NBER
Winston Wei Dou, University of Pennsylvania and NBER
Itamar Drechsler, University of Pennsylvania and NBER
Eduardo Dávila, Yale University and NBER
Janice C. Eberly, Northwestern University and NBER
Antonio Falato, Federal Reserve Board
Maryam Farboodi, Massachusetts Institute of Technology and NBER
Xavier Gabaix, Harvard University and NBER
Nickolay M. Gantchev, University of Warwick
Mariassunta Giannetti, Stockholm School of Economics
Brent Glover, Carnegie Mellon University
Francisco Gomes, London Business School
João F. Gomes, University of Pennsylvania
François Gourio, Federal Reserve Bank of Chicago
Fotis Grigoris, University of Iowa
Hongye Guo, University of Hong Kong
Refet S. Gürkaynak, Bilkent University
Michael Haliassos, Goethe University Frankfurt
Robert E. Hall, Stanford University and NBER
John C. Haltiwanger, University of Maryland and NBER
Samuel Hanson, Harvard University and NBER
Joseph G. Haubrich, Federal Reserve Bank of Cleveland
Burton Hollifield, Carnegie Mellon University
Yunzhi Hu, University of North Carolina at Chapel Hill
Urban Jermann, University of Pennsylvania and NBER
Yan Ji, Hong Kong University of Science and Technology
Callum J. Jones, Federal Reserve Board
Ṣebnem Kalemli-Özcan, University of Maryland and NBER
Loukas Karabarbounis, University of Minnesota and NBER
Gokce Karasoy-Can, Central Bank of Turkey
Anil K Kashyap, University of Chicago and NBER

Yann Koby, Brown University
Narayana R. Kocherlakota, University of Rochester and NBER
Ralph S. J. Koijen, University of Chicago and NBER
Arvind Krishnamurthy, Stanford University and NBER
Dirk Krueger, University of Pennsylvania and NBER
Howard Kung, London Business School
Sang Seok Lee, Bilkent University
Kai Li, Peking University
Rachel Li, University of Alabama
Ye Li, University of Washington
Deborah J. Lucas, Massachusetts Institute of Technology and NBER
Joseba Martinez, London Business School
Gregor Matvos, Northwestern University and NBER
Robert L. McDonald, Northwestern University and NBER
Sebastian A. Merkel, University of Exeter
Alexander Michaelides, Imperial College London
Max Miller, Harvard University
Randall Morck, University of Alberta and NBER
Martin Oehmke, London School of Economics
Jonathan A. Parker, Massachusetts Institute of Technology and NBER
James Paron, University of Pennsylvania
Carolin Pflueger, University of Chicago and NBER
Monika Piazzesi, Stanford University and NBER
Tomasz Piskorski, Columbia University and NBER
Valery Polkovnichenko, Federal Reserve Board
Pavol Povala, Norges Bank Investment Management
Matthew Pritsker, Federal Reserve Bank of Boston
Vincenzo Quadrini, University of Southern California and NBER
Adriano A. Rampini, Duke University and NBER
Michael J. Rebello, University of Texas at Dallas
Nikolai Roussanov, University of Pennsylvania and NBER
Bryan Routledge, Carnegie Mellon University
Gill Segal, University of North Carolina at Chapel Hill
Amit Seru, Stanford University and NBER
Felipe Severino, Dartmouth College
Michael Siemer, Federal Reserve Board
Chester S. Spatt, Carnegie Mellon University and NBER
Harald Uhlig, University of Chicago and NBER
Skander Van Den Heuvel, Federal Reserve Board
Dimitri Vayanos, London School of Economics and NBER
Laura Veldkamp, Columbia University and NBER
Annette Vissing-Jorgensen, Federal Reserve Board and NBER
S. Vish Viswanathan, Duke University and NBER
Jessica Wachter, University of Pennsylvania and NBER
Jiang Wang, Massachusetts Institute of Technology and NBER
Toni Whited, University of Michigan and NBER
Paul S. Willen, Federal Reserve Bank of Boston and NBER
Susan E. Woodward, Sand Hill Econometrics, Inc.
Mindy Z. Xiaolan, University of Texas at Austin
Motohiro Yogo, Princeton University and NBER
Guihai Zhao, Bank of Canada
Stanley E. Zin, New York University and NBER