SI 2018 Capital Markets and the Economy

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

July 16-18, 2018

University Room

Royal Sonesta Hotel, 40 Edwin H. Land Blvd., Cambridge, MA

Conference Code of Conduct

Monday, July 16
12:00 pm
Lunch
1:00 pm

What Drives Aggregate Investment? Evidence from German Survey Data
Discussant: Diego A. Comin, Dartmouth College and NBER
1:50 pm

Inflows and Spillovers: Tracing the Impact of Bond Market Liberalization
Discussant: David S. Scharfstein, Harvard University and NBER
2:40 pm
Break
2:55 pm

The Elephant in the Room: the Impact of Labor Obligations on Credit Markets
Discussant: Mindy Z. Xiaolan, University of Texas at Austin
3:45 pm

Banking, Trade, and the Making of a Dominant Currency
Discussant: Arvind Krishnamurthy, Stanford University and NBER
4:35 pm
Adjourn
Tuesday, July 17
12:00 pm
Lunch
1:00 pm

Credit Misallocation During the European Financial Crisis
Discussant: Alexi Savov, New York University and NBER
1:50 pm

Leverage over the Life Cycle and Implications for Firm Growth and Shock Responsiveness
Discussant: Nicolas Crouzet, Northwestern University
2:40 pm
Break
2:55 pm

Dynamic Financial Constraints: Which Frictions Matter for Corporate Policies?
Discussant: Vincenzo Quadrini, University of Southern California and NBER
3:45 pm

Tobin's Q and Optimal Dividends, Investment, and Liquidity in a Financially-Constrained Firm
Discussant: Neng Wang, Cheung Kong Graduate School of Business
4:35 pm
Adjourn
Wednesday, July 18
12:00 pm
Lunch
1:00 pm

Worldwide Taxes, Agency Conflicts, and Investment
Discussant: Robert L. McDonald, Northwestern University and NBER
1:50 pm

Accounting for Medium-Run Macro-Finance Trends: A Rising Equity Premium? (this paper cannot be posted due to publication rules)
Discussant: Matthew Rognlie, Northwestern University and NBER
2:40 pm
Break
2:55 pm

Money Markets, Collateral and Monetary Policy
Discussant: Iván Werning, Massachusetts Institute of Technology and NBER
3:45 pm

Structuring Mortgages for Macroeconomic Stability
Discussant: Nikolai Roussanov, University of Pennsylvania and NBER
4:35 pm
Adjourn