
	Monday, July 8
12:00 pm	Lunch
1:00 pm	Market-Based Finance and the Business Cycle Katharina Cera, European Central Bank Sujit Kapadia, European Central Bank Linda Rousova, European Central Bank Christian Weistroffer, European Central Bank Discussant: Emil Verner, Massachusetts Institute of Technology and NBER
1:50 pm	Comparing Capital Allocation Efficiency in Public and Private Equity Markets Ali Sanati, American University Ioannis Spyridopoulos, American University Discussant: René M. Stulz, The Ohio State University and NBER
2:40 pm	Break
2:55 pm	Intermediary Balance Sheet Constraints, Bond Mutual Funds’ Strategies, and Bond Returns Mariassunta Giannetti, Stockholm School of Economics Chotibhak Jotikasthira, Southern Methodist University Andreas C. Rapp, Board of Governors of the Federal Reserve System Martin Waibel, Stockholm School of Economics Discussant: Lira Mota, Massachusetts Institute of Technology
3:45 pm	Private Equity and Debt Contract Enforcement: Evidence from Covenant Violations Sharjil Haque, Board of Governors of the Federal Reserve System Anya V. Kleymenova, Board of Governors of the Federal Reserve System Discussant: Heitor Almeida, University of Illinois Urbana-Champaign and NBER
4:35 pm	Adjourn
	Tuesday, July 9
12:00 pm	Lunch
1:00 pm	Interest rate risk in banking Peter M. DeMarzo, Stanford University and NBER Arvind Krishnamurthy, Stanford University and NBER Stefan Nagel, University of Chicago and NBER Discussant: Viral V. Acharya, New York University and NBER
1:50 pm	The Secular Decline of Bank Balance Sheet Lending Greg Buchak, Stanford University Gregor Matvos, Northwestern University and NBER Tomasz Piskorski, Columbia University and NBER Amit Seru, Stanford University and NBER Discussant: Anil K Kashyap, University of Chicago and NBER
2:40 pm	Break
2:55 pm	Why Does the Yield Curve Predict GDP Growth? The Role of Banks Camelia Minoiu, Federal Reserve Bank of Atlanta Andres M. Schneider, Federal Reserve Board Min Wei, Federal Reserve Board Discussant: Tyler Muir, University of California, Los Angeles and NBER
3:45 pm	The Heterogeneous Effects of Household Debt Relief Manuel Adelino, Duke University and NBER Miguel A. Ferreira, Nova School of Business and Economics Miguel C. Oliveira, Nova School of Business and Economics Discussant: Amit Seru, Stanford University and NBER
4:35 pm	Adjourn
	Wednesday, July 10
12:00 pm	Lunch
1:00 pm	Corrective Regulation with Imperfect Instruments Eduardo Dávila, Yale University and NBER Ansgar Walther, Imperial College London Discussant: Narayana R. Kocherlakota, University of Rochester and NBER
1:50 pm	K Wasn't Built in a Day: Investment with Endogenous Time to Build Adriano Fernandes, Harvard University Rodolfo Rigato, European Central Bank Discussant: Robert L. McDonald, Northwestern University and NBER
2:40 pm	Break
2:55 pm	Bank Competition and Strategic Adaptation to Climate Change Dasol Kim, Department of the Treasury Luke Olson, U.S. Department of the Treasury Toan Phan, Federal Reserve Bank of Richmond Discussant: Teng Wang, Federal Reserve Board
3:45 pm	Understanding the Pricing of Carbon Emissions: New Evidence from the Stock Market Matteo Crosignani, Federal Reserve Bank of New York Emilio Osambela, Board of Governors of the Federal Reserve System Matthew Pritsker, Federal Reserve Bank of Boston Discussant: Kent D. Daniel, Columbia University and NBER
4:35 pm	Adjourn

Participants

Viral V. Acharya, New York University and NBER
Manuel Adelino, Duke University and NBER
Hengjie Ai, University of Wisconsin - Madison
Heitor Almeida, University of Illinois Urbana-Champaign and NBER
Marco Bassetto, Federal Reserve Bank of Minneapolis
Susanto Basu, Boston College and NBER
Santiago Bazdresch, Bank of Mexico
Luca Benzoni, Federal Reserve Bank of Chicago
Jaroslav Borovička, New York University and NBER
Greg Buchak, Stanford University
John Y. Campbell, Harvard University and NBER
David Chapman, University of Virginia
Matteo Crosignani, Federal Reserve Bank of New York
Nicolas Crouzet, Northwestern University
Kent D. Daniel, Columbia University and NBER
Peter M. DeMarzo, Stanford University 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
Adriano Fernandes, Harvard University
Miguel A. Ferreira, Nova School of Business and Economics
Marcio Garcia, PUC-Rio
Mila Getmansky Sherman, University of Massachusetts Amherst
Mariassunta Giannetti, Stockholm School of Economics
Brent Glover, Carnegie Mellon University
João F. Gomes, University of Pennsylvania
Daniel Greenwald, New York University and NBER
Dirk Hackbarth, Boston University
Michael Haliassos, Goethe University Frankfurt
Sharjil Haque, Board of Governors of the Federal Reserve System
Joseph G. Haubrich, Federal Reserve Bank of Cleveland
Zhiguo He, Stanford University and NBER
Kilian Huber, University of Chicago and NBER
Chotibhak Jotikasthira, Southern Methodist University
Sujit Kapadia, European Central Bank
Anil K Kashyap, University of Chicago and NBER
Dasol Kim, Department of the Treasury
Anya V. Kleymenova, Board of Governors of the Federal Reserve System
Leonid Kogan, Massachusetts Institute of Technology and NBER
Arvind Krishnamurthy, Stanford University and NBER

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
Alexander Michaelides, Imperial College London
Camelia Minoiu, Federal Reserve Bank of Atlanta
Lira Mota, Massachusetts Institute of Technology
Tyler Muir, University of California, Los Angeles and NBER
Stefan Nagel, University of Chicago and NBER
Miguel C. Oliveira, Nova School of Business and Economics
Emilio Osambela, Board of Governors of the Federal Reserve System
Giuditta Perinelli, Massachusetts Institute of Technology
Carolin Pflueger, University of Chicago and NBER
Toan Phan, Federal Reserve Bank of Richmond
Tomasz Piskorski, Columbia University and NBER
Matthew Pritsker, Federal Reserve Bank of Boston
Vincenzo Quadrini, University of Southern California and NBER
Adriano A. Rampini, Duke University and NBER
Andreas C. Rapp, Board of Governors of the Federal Reserve System
Rodolfo Rigato, European Central Bank
Ali Sanati, American University
Lukas Schmid, University of Southern California
Andres M. Schneider, Federal Reserve Board
Bryan Seegmiller, Northwestern University
Amit Seru, Stanford University and NBER
Felipe Severino, Dartmouth College
Michael Siemer, Federal Reserve Board
Chester S. Spatt, Carnegie Mellon University and NBER
Ioannis Spyridopoulos, American University
René M. Stulz, The Ohio State University and NBER
Daniel K. Tarullo, Harvard University
Laura Veldkamp, Columbia University and NBER
Emil Verner, Massachusetts Institute of Technology and NBER
Annette Vissing-Jorgensen, Federal Reserve Board and NBER
Martin Waibel, Stockholm School of Economics
Ansgar Walther, Imperial College London
Teng Wang, Federal Reserve Board
Min Wei, Federal Reserve Board
Toni Whited, University of Michigan and NBER
Paul S. Willen, Federal Reserve Bank of Boston and NBER
Susan E. Woodward, Sand Hill Econometrics, Inc.
Motohiro Yogo, Princeton University and NBER