SI 2017 Monetary Economics

Christina D. Romer and David H. Romer, Organizers

July 10-14, 2017

Charles Room

Royal Sonesta Hotel

Conference Code of Conduct

Monday, July 10
12:00 noon
Lunch
1:00 pm
Gabriel Jimenez, Bank of Spain
José-Luis Peydró, Universitat Pompeu Fabra
Rafael Repullo, CEMFI
Jesus Saurina, Bank of Spain

Burning Money? Government Lending in a Credit Crunch
1:50 pm
Efraim Benmelech, Northwestern University and NBER
Carola Frydman, Northwestern University and NBER
Dimitris Papanikolaou, Northwestern University and NBER

Financial Frictions and Employment during the Great Depression
2:40 pm
Break
3:00 pm
Anna Cieslak, Duke University and NBER
Annette Vissing-Jorgensen, Federal Reserve Board and NBER

The Economics of the "Fed Put"
3:50 pm
Karel Mertens, Federal Reserve Bank of Dallas
Morten Ravn
Andrew J. Fieldhouse, Texas A&M University

The Macroeconomic Effects of Government Asset Purchases: Evidence from Postwar US Housing Credit Policy
4:40 pm
Adjourn
Tuesday, July 11
12:00 noon
Lunch
1:00 pm
Gabriel Chodorow-Reich, Harvard University and NBER
Antonio Falato, Federal Reserve Board

The Loan Covenant Channel: How Bank Health Transmits to the Real Economy
1:50 pm
Kilian Huber, University of Chicago and NBER

Disentangling the Effects of a Banking Crisis: Evidence from German Firms and Counties
2:40 pm
Break
3:00 pm
Olivier Coibion, University of Texas at Austin and NBER
Yuriy Gorodnichenko, University of California, Berkeley and NBER
Dmitri K. Koustas, University of Chicago

Consumption Inequality and The Frequency of Purchases
3:50 pm
Martin Beraja, Massachusetts Institute of Technology and NBER
Andreas Fuster, EPFL and Swiss Finance Institute
Erik Hurst, University of Chicago and NBER
Joseph S. Vavra, University of Chicago and NBER

Regional Heterogeneity and Monetary Policy
4:40 pm
Adjourn
Wednesday, July 12
Joint meeting with Macro, Money and Financial Frictions in Ballroom A
12:00 noon
Lunch
2:00 pm
Break
2:30 pm
Nina Boyarchenko, Federal Reserve Bank of New York
Valentin Haddad, University of California, Los Angeles and NBER
Matthew C. Plosser, Federal Reserve Bank of New York

The Federal Reserve and Market Confidence
Discussant: Anna Cieslak, Duke University and NBER
3:30 pm
Marcin Kacperczyk, Imperial College London
Christophe Perignon, HEC Paris
Guillaume Vuillemey, HEC Paris

The Private Production of Safe Assets
Discussant: Alexi Savov, New York University and NBER
4:30 pm
Adjourn
6:00 pm
Clambake at the Royal Sonesta Hotel (Ballroom B/ West Tower)
Thursday, July 13
12:00 noon
Lunch
1:00 pm
Discussion with Governor Lael Brainard, Federal Reserve Board
2:15 pm
Break
2:30 pm
James S. Cloyne, University of California, Davis and NBER
Kilian Huber, University of Chicago and NBER
Ethan Ilzetzki, London School of Economics
Henrik Kleven, Princeton University and NBER

The Effect of House Prices on Household Borrowing: A New Approach
3:25 pm
Break
3:35 pm
Atif R. Mian, Princeton University and NBER
Amir Sufi, University of Chicago and NBER
Emil Verner, Massachusetts Institute of Technology and NBER

How Do Credit Supply Shocks Affect the Real Economy? Evidence from the United States in the 1980s
4:30 pm
Adjourn
Friday, July 14
12:00 noon
Lunch
1:00 pm
Jens Christensen, Federal Reserve Bank of San Francisco
Glenn Rudebusch, Brookings Institution

A New Normal for Interest Rates? Evidence from Inflation-Indexed Debt
1:55 pm
Break
2:05 pm
Silvia Miranda-Agrippino, Bank of England
Giovanni Ricco, Dr, University of Warwick

The Transmission of Monetary Policy Shocks
3:00 pm
Break
3:10 pm
Eric T. Swanson, University of California, Irvine and NBER

Measuring the Effects of Federal Reserve Forward Guidance and Asset Purchases on Financial Markets
4:05 pm
Adjourn