
	Wednesday, July 10
8:00 am	Coffee and Pastries
	Morning joint with Monetary Economics and International Finance
8:30 am	EXIM’s Exit: The Real Effects of Trade Financing by Export Credit Agencies Adrien Matray, Princeton University and NBER Karsten Müller, National University of Singapore Chenzi Xu, Stanford University and NBER Poorya Kabir, National University of Singapore Discussant: Kilian Huber, University of Chicago and NBER
9:30 am	Break
9:45 am	A Macroeconomic Model of Central Bank Digital Currency Mauricio Ulate, Federal Reserve Bank of San Francisco Pascal Paul, Federal Reserve Bank of San Francisco Jing Cynthia Wu, University of Illinois Urbana-Champaign and NBER Discussant: Todd Keister, Rutgers University
10:45 am	Break
11:00 am	The Economic Impact of Payment System Stress: Evidence from Russia Dmitry Livdan, University of California, Berkeley Norman Schurhoff, University of Lausanne Vladimir Sokolov, ICEF Higher School of Economics Discussant: Thomas M. Eisenbach, Federal Reserve Bank of New York
12:00 pm	Lunch
	MEFM continues after lunch in the Charles Suites (East Tower, second floor)
1:30 pm	Asset Pricing, Participation Constraints, and Inequality Goutham Gopalakrishna, University of Toronto Zhouzhou Gu, Princeton University Jonathan Payne, Princeton University
2:20 pm	Aggregation, Liquidity, and Asset Prices with Incomplete Markets Sebastian Di Tella, Stanford University and NBER Benjamin M. Hébert, Stanford University and NBER Pablo Kurlat, University of Southern California and NBER
3:10 pm	Break
3:30 pm	Bank Runs, Fragility, and Regulation Javier Bianchi, Federal Reserve Bank of Minneapolis Manuel Amador, University of Minnesota and NBER
4:20 pm	Financial Conditions Targeting Ricardo J. Caballero, Massachusetts Institute of Technology and NBER Tomás E. Caravello, Massachusetts Institute of Technology Alp Simsek, Yale University and NBER
5:10 pm	Adjourn
	Thursday, July 11
8:00 am	Coffee and Pastries
	Morning joint with Asset Pricing
8:30 am	Asset Purchase Rules: How QE Transformed the Bond Market Valentin Haddad, University of California, Los Angeles and NBER Alan Moreira, University of Rochester and NBER Tyler Muir, University of California, Los Angeles and NBER Discussant: William F. Diamond, University of Pennsylvania
9:30 am	Break
9:45 am	Financial Intermediaries and the Macroeconomy: Evidence from a High-Frequency Identification Pablo Ottonello, University of Maryland and NBER Wenting Song, Bank of Canada Discussant: Simon Gilchrist, New York University and NBER
10:45 am	Break
11:00 am	Corporate Credit Provision Nina Boyarchenko, Federal Reserve Bank of New York Leonardo Elias, Federal Reserve Bank of New York Philippe Mueller, Warwick University Discussant: Greg Buchak, Stanford University
12:00 pm	Lunch and MEFM adjourns

Participants

Javier Bianchi, Federal Reserve Bank of Minneapolis
Michael Blank, Harvard University
Nina Boyarchenko, Federal Reserve Bank of New York
Markus K. Brunnermeier, Princeton University and NBER
Greg Buchak, Stanford University
Ricardo J. Caballero, Massachusetts Institute of Technology and NBER
Tomás E. Caravello, Massachusetts Institute of Technology
Ing-Haw Cheng, University of Toronto
William F. Diamond, University of Pennsylvania
Thomas M. Eisenbach, Federal Reserve Bank of New York
Leonardo Elias, Federal Reserve Bank of New York
Simon Gilchrist, New York University and NBER
Goutham Gopalakrishna, University of Toronto
Valentin Haddad, University of California, Los Angeles and NBER
Amy W. Huber, University of Pennsylvania
Benjamin M. Hébert, Stanford University and NBER
Hiroshi Inokuma, Bank of Japan
Yojiro Ito, Bank of Japan
Todd Keister, Rutgers University
Dasol Kim, U.S. Department of the Treasury
Naz Koont, Columbia University

Arvind Krishnamurthy, Stanford University and NBER
Jean-Pierre Landau, Bank of France
Dmitry Livdan, University of California, Berkeley
Xu Lu, University of Washington
Irina Luneva, New York University
Philippe Mueller, Warwick University
Tyler Muir, University of California, Los Angeles and NBER
Dingxuan Ng, Monetary Authority of Singapore
Guillermo Ordoñez, University of Pennsylvania and NBER
Pascal Paul, Federal Reserve Bank of San Francisco
Jonathan Payne, Princeton University
Sergey Sarkisyan, The Ohio State University
Norman Schurhoff, University of Lausanne
Mahdi Shahrabi, University of Pennsylvania
Alp Simsek, Yale University and NBER
Vladimir Sokolov, ICEF Higher School of Economics
Wenting Song, Bank of Canada
Mauricio Ulate, Federal Reserve Bank of San Francisco
Jing Cynthia Wu, University of Illinois Urbana-Champaign and NBER
Yao Zeng, University of Pennsylvania
Tim de Silva, Stanford University