
	Monday, July 10
9:00 am	Coffee and Pastries
9:30 am	Introductions
9:40 am	The Shifting Finance of Electricity Generation Aleksandar Andonov, University of Amsterdam Joshua Rauh, Stanford University and NBER Discussant: Steve Cicala, Tufts University and NBER
10:30 am	Irreplaceable Venture Capitalists Michael Ewens, Columbia University and NBER Denis Sosyura, Arizona State University Discussant: Morten Sorensen, Dartmouth College and NBER
11:20 am	Break
11:40 am	The Value of Ratings: Evidence from their Introduction in Securities Markets Asaf Bernstein, University of Colorado Boulder and NBER Carola Frydman, Northwestern University and NBER Eric Hilt, Wellesley College and NBER Discussant: Michael R. Roberts, University of Pennsylvania and NBER
12:30 pm	Lunch
1:40 pm	How Do Health Insurance Costs Affect Firm Labor Composition and Technology Investment? Janet Gao, Georgetown University Shan Ge, New York University Lawrence Schmidt, Massachusetts Institute of Technology Cristina Tello-Trillo, U.S. Census Bureau Discussant: David A. Matsa, Northwestern University and NBER
2:30 pm	Break
3:00 pm	Job Transitions and Employee Earnings After Acquisitions: Linking Corporate and Worker Outcomes Terry Moon, University of British Columbia David Arnold, University of California, San Diego and NBER Kevin S. Milligan, University of British Columbia and NBER Amirhossein Tavakoli, University of British Columbia Discussant: Rebecca Zarutskie, Federal Reserve Board
3:50 pm	Closing the Revolving Door Joseph A. Kalmenovitz, University of Rochester Siddharth Vij, University of Georgia Kairong Xiao, Columbia University and NBER Discussant: Elisabeth Kempf, Harvard University and NBER
4:40 pm	Adjourn
	Tuesday, July 11
8:30 am	Coffee and Pastries
9:10 am	Can Finance Save the World? Measurement and Effects of Bank Coal Exit Policies Daniel Green, Harvard University Boris Vallee, Harvard University Discussant: Jonathan Karpoff, University of Washington
10:00 am	ESG: A Panacea for Market Power? Philip Bond, University of Washington Doron Y. Levit, University of Washington Discussant: Andrey Malenko, Boston College
10:50 am	Break
11:19 am	Joint Session with Risks of Financial Institutions
11:20 am	The Secular Decline in Interest Rates and the Rise of Shadow Banks Andrés P. Sarto, New York University Olivier Wang, New York University Discussant: Adi Sunderam, Harvard University and NBER
12:10 pm	Lunch
1:10 pm	Central Banks as Dollar Lenders of Last Resort: Implications for Regulation and Reserve Holdings Mitali Das, International Monetary Fund Gita Gopinath, International Monetary Fund Taehoon Kim, International Monetary Fund Jeremy C. Stein, Harvard University and NBER Discussant: Arvind Krishnamurthy, Stanford University and NBER (slides)
2:00 pm	Break
2:20 pm	Panel on Recent Bank Runs and Financial Instability Viral Acharya, New York University and NBER Gregor Matvos, Northwestern University and NBER Manju Puri, Duke University and NBER Philipp Schnabl, New York University and NBER Slides
3:50 pm	Adjourn Martin Feldstein Lecture follows at 4:00 pm

Participants

Viral V. Acharya, New York University and NBER
Reena Aggarwal, Georgetown University
Ashwini Agrawal, London School of Economics
Kenneth R. Ahern, University of Southern California and NBER
Aleksandar Andonov, University of Amsterdam
Samuel Antill, Harvard University
Ian R. Appel, University of Virginia
David Arnold, University of California, San Diego and NBER
Ulf Axelson, London School of Economics
Tania Babina, Columbia University and NBER
Malcolm Baker, Harvard University and NBER
Scott R. Baker, Northwestern University and NBER
John W. Barry, Duke University
Lucian A. Bebchuk, Harvard University and NBER
Juliane Begenau, Stanford University and NBER
Matteo Benetton, University of California, Berkeley
Asaf Bernstein, University of Colorado Boulder and NBER
John Beshears, Harvard University and NBER
Philip Bond, University of Washington
Alon Brav, Duke University and NBER
Emily Breza, Harvard University and NBER
Markus K. Brunnermeier, Princeton University and NBER
Greg Buchak, Stanford University
Sophie Calder-Wang, University of Pennsylvania
Mark Carey, Federal Reserve Bank of Cleveland
Vera Chau, University of Geneva
Ing-Haw Cheng, University of Toronto
Sergey Chernenko, Purdue University
Taha Choukhmane, Massachusetts Institute of Technology and NBER
Steve Cicala, Tufts University and NBER
Emanuele Colonnelli, University of Chicago and NBER
Nicolas Crouzet, Northwestern University
Claudia Custodio, Imperial College London
Vicente Cuñat, The London School of Economics
Olivier Darmouni, Columbia University
Anthony A. DeFusco, University of Wisconsin-Madison and NBER
Douglas W. Diamond, University of Chicago and NBER
Itamar Drechsler, University of Pennsylvania and NBER
Wenxin Du, Harvard University and NBER
Eduardo Dávila, Yale University and NBER
Janice C. Eberly, Northwestern University and NBER
Mark L. Egan, Harvard University and NBER
Isil Erel, The Ohio State University and NBER
Lily Fang, INSEAD
Michael Faulkender, University of Maryland
Thomas Flanagan, The Ohio State University
Mark Flannery, University of Florida
Vyacheslav Fos, Boston College and NBER
Carola Frydman, Northwestern University and NBER
Xavier Gabaix, Harvard University and NBER
Janet Gao, Georgetown University
Mark Garmaise, University of California at Los Angeles
Daniel G. Garrett, University of Pennsylvania
Shan Ge, New York University
Simon Gervais, Duke University
Mariassunta Giannetti, Stockholm School of Economics
Paul Goldsmith-Pinkham, Yale University and NBER
Matthieu Gomez, Columbia University
Paul Gompers, Harvard University and NBER
John Graham, Duke University and NBER
Daniel Green, Harvard University
Jillian Grennan, Emory University
Marius Guenzel, University of Pennsylvania
Arpit Gupta, New York University
Dirk Hackbarth, Boston University
Samuel Hanson, Harvard University and NBER
Sean Higgins, Northwestern University
Eric Hilt, Wellesley College and NBER
Edie Hotchkiss, Boston College
Sabrina T. Howell, New York University and NBER
Benjamin M. Hébert, Stanford University and NBER
Sasha Indarte, University of Pennsylvania
Ivan T. Ivanov, Federal Reserve Bank of Chicago
Victoria Ivashina, Harvard University and NBER
Zhengyang Jiang, Northwestern University and NBER
Kose John, New York University
Ṣebnem Kalemli-Özcan, Brown University and NBER
Joseph A. Kalmenovitz, University of Rochester
Steven N. Kaplan, University of Chicago and NBER
Jonathan Karpoff, University of Washington
Anil K Kashyap, University of Chicago and NBER
Elisabeth Kempf, Harvard University and NBER
Amir Kermani, University of California, Berkeley and NBER
Edward T. Kim, University of Michigan
Yongseok Kim, Indiana University
Arthur Korteweg, University of Southern California
Arvind Krishnamurthy, Stanford University and NBER
Rafael La Porta, Brown University and NBER
Simone Lenzu, New York University
Josh Lerner, Harvard University and NBER
Doron Levit, University of Washington
Stefan Lewellen, Pennsylvania State University

Karolis Liaudinskas, Norges Bank
Stephan Luck, Federal Reserve Bank of New York
Song Ma, Yale University and NBER
Yiming Ma, Columbia University
Yueran Ma, University of Chicago and NBER
Igor Makarov, London School of Economics
Vojislav Maksimovic, University of Maryland
Andrey Malenko, Boston College
Nadya Malenko, Boston College and NBER
Ulrike Malmendier, University of California, Berkeley and NBER
Adrien Matray, Princeton University and NBER
David A. Matsa, Northwestern University and NBER
Gregor Matvos, Northwestern University and NBER
Peter Maxted, University of California, Berkeley
Robert L. McDonald, Northwestern University and NBER
Timothy McQuade, University of California, Berkeley and NBER
Filippo Mezzanotti, Northwestern University and NBER
Atif R. Mian, Princeton University and NBER
Konstantin Milbradt, Northwestern University and NBER
Bernadette Minton, The Ohio State University
Terry Moon, University of British Columbia
Randall Morck, University of Alberta and NBER
Alan Moreira, University of Rochester and NBER
Lira Mota, Massachusetts Institute of Technology
Holger Mueller, New York University and NBER
William Mullins, University of California, San Diego
Charles G. Nathanson, Northwestern University
Scott T. Nelson, University of Chicago
Pascal J. Noel, University of Chicago and NBER
Darius Palia, Rutgers University
Christopher Palmer, Massachusetts Institute of Technology and NBER
Cecilia Parlatore, New York University and NBER
Enrico C. Perotti, University of Amsterdam
Mitchell A. Petersen, Northwestern University and NBER
Thomas Philippon, New York University and NBER
Gordon M. Phillips, Dartmouth College and NBER
Tomasz Piskorski, Columbia University and NBER
Jacopo Ponticelli, Northwestern University and NBER
Manju Puri, Duke University and NBER
Junjun Quan, Columbia University
Raghuram Rajan, University of Chicago and NBER
Tarun Ramadorai, Imperial College London
Adriano A. Rampini, Duke University and NBER
Joshua Rauh, Stanford University and NBER
S. Abraham (Avri) Ravid, Yeshiva University
Jonathan Reuter, Boston College and NBER
Matthew Rhodes-Kropf, Massachusetts Institute of Technology
Michael R. Roberts, University of Pennsylvania and NBER
Claudia Robles Garcia, Stanford University
Roberta Romano, Yale University and NBER
Paola Sapienza, Northwestern University and NBER
Andrés P. Sarto, New York University
Alexi Savov, New York University and NBER
Lawrence D.W. Schmidt, Massachusetts Institute of Technology
Philipp Schnabl, New York University and NBER
Antoinette Schoar, Massachusetts Institute of Technology and NBER
Amit Seru, Stanford University and NBER
Felipe Severino, Dartmouth College
Kelly Shue, Yale University and NBER
Emil Siriwardane, Harvard University and NBER
Morten Sorensen, Dartmouth College and NBER
Denis Sosyura, Arizona State University
Chester S. Spatt, Carnegie Mellon University and NBER
Sascha Steffen, Frankfurt School of Finance and Management
Jeremy C. Stein, Harvard University and NBER
Philip Strahan, Boston College and NBER
René M. Stulz, The Ohio State University and NBER
Amir Sufi, University of Chicago and NBER
Adi Sunderam, Harvard University and NBER
Geoffrey Tate, University of Maryland and NBER
Lucian A. Taylor, University of Pennsylvania
Anjan Thakor, Washington University in St. Louis
David Thesmar, Massachusetts Institute of Technology and NBER
Boris Vallee, Harvard University
Emil Verner, Massachusetts Institute of Technology and NBER
S. Vish Viswanathan, Duke University and NBER
Razvan Vlahu, De Nederlandsche Bank
Neng Wang, Columbia University and NBER
Olivier Wang, New York University
Toni Whited, University of Michigan and NBER
Rohan Williamson, Georgetown University and NBER
Daniel Wolfenzon, Columbia University and NBER
Kairong Xiao, Columbia University and NBER
Chenzi Xu, Stanford University and NBER
Constantine Yannelis, University of Chicago and NBER
Ayako Yasuda, University of California at Davis
Mao Ye, Cornell University and NBER
Rebecca Zarutskie, Federal Reserve Board
Alexander K. Zentefis, Yale University
Luigi Zingales, University of Chicago and NBER
Eric Zwick, University of Chicago and NBER