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
| Monday, July 16 | ||||
| 12:00 pm | Lunch | |||
| 1:00 pm |
Ruediger Bachmann, University of Notre Dame Peter Zorn, University of Munich What Drives Aggregate Investment? Evidence from German Survey Data
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| 1:50 pm |
Cynthia Balloch, London School of Economics Inflows and Spillovers: Tracing the Impact of Bond Market Liberalization
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| 2:40 pm | Break | |||
| 2:55 pm |
Jack Favilukis, University of British Columbia Xiaoji Lin, University of Minnesota Xiaofei Zhao, Georgetown University The Elephant in the Room: the Impact of Labor Obligations on Credit Markets
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| 3:45 pm |
Gita Gopinath, International Monetary Fund Jeremy C. Stein, Harvard University and NBER Banking, Trade, and the Making of a Dominant Currency
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| 4:35 pm | Adjourn | |||
| Tuesday, July 17 | ||||
| 12:00 pm | Lunch | |||
| 1:00 pm |
Fabiano Schivardi, Luiss Guido Carli University Enrico Sette, Bank of Italy Guido Tabellini, IGIER Credit Misallocation During the European Financial Crisis
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| 1:50 pm |
Emin Dinlersoz, U.S. Census Bureau Henry R. Hyatt, U.S. Census Bureau Sebnem Kalemli-Ozcan, Brown University and NBER Veronika Penciakova, Federal Reserve Bank of Atlanta Leverage over the Life Cycle and Implications for Firm Growth and Shock Responsiveness
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| 2:40 pm | Break | |||
| 2:55 pm |
Boris Nikolov, University of Lausanne- Swiss Finance Institute Lukas Schmid, University of Southern California Roberto Steri, University of Luxembourg Dynamic Financial Constraints: Which Frictions Matter for Corporate Policies?
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| 3:45 pm |
Andrew B. Abel, University of Pennsylvania and NBER Stavros Panageas, University of California, Los Angeles and NBER Tobin's Q and Optimal Dividends, Investment, and Liquidity in a Financially-Constrained Firm
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| 4:35 pm | Adjourn | |||
| Wednesday, July 18 | ||||
| 12:00 pm | Lunch | |||
| 1:00 pm |
James F. Albertus, Carnegie Mellon University Brent Glover, Carnegie Mellon University Oliver J. Levine, University of Wisconsin Worldwide Taxes, Agency Conflicts, and Investment
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| 1:50 pm |
François Gourio, Federal Reserve Bank of Chicago Emmanuel Farhi, Harvard University Accounting for Medium-Run Macro-Finance Trends: A Rising Equity Premium? (this paper cannot be posted due to publication rules)
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| 2:40 pm | Break | |||
| 2:55 pm |
Fiorella De Fiore, Bank for International Settlements Marie Hoerova, European Central Bank Harald Uhlig, University of Chicago and NBER Money Markets, Collateral and Monetary Policy
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| 3:45 pm |
John Y. Campbell, Harvard University and NBER Nuno Clara, Duke University Joao Cocco, London Business School Structuring Mortgages for Macroeconomic Stability
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| 4:35 pm | Adjourn | |||