SI 2015 Capital Markets and the Economy

Deborah J. Lucas, Amir Yaron, jan_eberly, and Janice C. Eberly, Organizers

July 13-15, 2015

Royal Sonesta Hotel

Monday, July 13
1:00 pm
1:00 pm	Firm Financing over the Business Cycle
1:50 pm
1:50 pm	Lending Standards Over the Credit Cycle
2:55 pm
2:55 pm	Capital Allocation and Productivity in South Europe
3:45 pm
3:45 pm	External Equity Financing Shocks, Financial Flows, and Asset Prices
Tuesday, July 14
1:00 pm
1:00 pm	Drifting Apart: The Pricing of Assets when the Benefits of Growth Are not Shared Equally
1:55 pm
1:55 pm	Competition, Markups and Predictable Returns
2:55 pm
2:55 pm	The Tail that Wags the Economy: Belief-Driven Business Cycles and Persistent Stagnation
3:45 pm
3:45 pm	External Financing and the Role of Financial Frictions over the Business Cycle: Measurement and Theory
Wednesday, July 15
1:00 pm
1:00 pm	Loan Originations and Defaults in the Mortgage Crisis: The Role of the Middle Class
1:55 pm
1:55 pm	Does Government Intervention affect Banking Globalization?
2:55 pm
2:55 pm	Household Risk Management
3:45 pm	The Failure of Supervisory Stress Testing: Fannie Mae, Freddie Mac, and OFHEO