SI 2017 Capital Markets and the Economy

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

July 17-19, 2017

University Room

Royal Sonesta Hotel

Conference Code of Conduct

Monday, July 17
12:00 noon
Lunch
1:00 pm
Nicolas Crouzet, Northwestern University
Neil Mehrotra, Federal Reserve Bank of Minneapolis

Small and Large Firms Over the Business Cycle
Discussant: John C. Haltiwanger, University of Maryland and NBER
1:50 pm
Robin J. Döttling, Erasmus University Rotterdam
Enrico C. Perotti, University of Amsterdam

Secular Trends and Technological Progress
Discussant: Dimitris Papanikolaou, Northwestern University and NBER
2:40 pm
Break
2:55 pm
Giovanni Dell'Ariccia, International Monetary Fund
Dalida Kadyrzhanova, Board of Governors of the Federal Reserve System
Camelia Minoiu, Federal Reserve Bank of Atlanta
Lev Ratnovski, International Monetary Fund

Bank Lending in the Knowledge Economy
Discussant: Itay Goldstein, University of Pennsylvania and NBER
3:45 pm
Hengjie Ai, University of Wisconsin - Madison
Jun Li, University of Warwick
Kai Li, Peking University
Christian Schlag, University Frankfurt

The Collateralizability Premium
Discussant: Adriano A. Rampini, Duke University and NBER
4:35 pm
Adjourn
Tuesday, July 18
12:00 noon
Lunch
1:00 pm
Adam Guren, Boston University and NBER
Arvind Krishnamurthy, Stanford University and NBER
Timothy McQuade, University of California, Berkeley and NBER

Mortgage Design in an Equilibrium Model of the Housing Market
Discussant: Tomasz Piskorski, Columbia University and NBER
1:50 pm
Sankar De, Shiv Nadar University
Prasanna Tantri, Indian School of Business

Debt Relief and Credit Market Efficiency: Evidence from a Policy Experiment
Discussant: Antoinette Schoar, Massachusetts Institute of Technology and NBER
2:40 pm
Break
2:55 pm
Magnus Dahlquist, Stockholm School of Economics
Ofer Setty, Tel Aviv University
Roine Vestman, Stockholm University

On the Asset Allocation of a Default Pension Fund
Discussant: John Y. Campbell, Harvard University and NBER
3:45 pm
Kartik Athreya, Federal Reserve Bank of Richmond
Felicia Ionescu, Federal Reserve Board
Urvi Neelakantan, Federal Reserve Bank of Richmond
Ivan Vidangos, Federal Reserve Board

Investment Opportunities and the Sources of Lifetime Inequality
Discussant: Gene Amromin, Federal Reserve Bank of Chicago
4:35 pm
Adjourn
Wednesday, July 19
12:00 noon
Lunch
12:45 pm
Eduardo Dávila, Yale University and NBER
Thomas Philippon, New York University and NBER

Incompleteness Shocks
Discussant: Leonid Kogan, Massachusetts Institute of Technology and NBER
1:35 pm
Miguel Faria-e-Castro, Federal Reserve Bank of St. Louis

Fiscal Multipliers and Financial Crises
Discussant: Jonathan A. Parker, Massachusetts Institute of Technology and NBER
2:25 pm
Break
2:40 pm
Joel David, Federal Reserve Bank of Chicago
Lukas Schmid, University of Southern California
David L. Zeke, Federal Reserve Board

Misallocation or Risk-Adjusted Capital Allocation?
Discussant: Christian Opp, University of Rochester and NBER
3:30 pm
Jean-Noël Barrot, HEC Paris
Erik Loualiche, University of Minnesota
Matthew C. Plosser, Federal Reserve Bank of New York
Julien Sauvagnat, Bocconi University

Import Competition and Household Debt
Discussant: Matthew J. Notowidigdo, University of Chicago and NBER
4:20 pm
Adjourn