SI 2019 Macro, Money and Financial Frictions

Markus K. Brunnermeier, Arvind Krishnamurthy, and Guillermo Ordoñez, Organizers

July 10-11, 2019

Parkview Room

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

Conference Code of Conduct

Wednesday, July 10
8:00 am
Coffee and Pastries
8:30 am
Jesús Fernández-Villaverde, University of Pennsylvania and NBER
Galo Nuno Barrau, Banco de España
Samuel Hurtado, Banco de España

Financial Frictions and the Wealth Distribution (slides)
Discussant: Lars P. Hansen, University of Chicago and NBER
9:30 am
Break
9:45 am
Adriano A. Rampini, Duke University and NBER
S. Vish Viswanathan, Duke University and NBER

Financing Insurance
Discussant: Giorgia Piacentino, University of Southern California and NBER
10:45 am
Break
11:00 am
Friederike Niepmann, Federal Reserve Board of Governors
Tim Schmidt-Eisenlohr, Federal Reserve Board of Governors

Global Investors, the Dollar, and U.S. Credit Conditions
Discussant: Jesse Schreger, Columbia University and NBER
12:00 pm
Lunch
Afternoon joint with Monetary Economics and International Finance and Macroecnomics in the Ballroom
1:00 pm
Ballroom
Oleg Itskhoki, Harvard University and NBER
Dmitry Mukhin, London School of Economics

Mussa Puzzle Redux
Discussant: Fabrizio Perri, Federal Reserve Bank of Minneapolis
2:00 pm
Break
2:30 pm
Ballroom
Urban Jermann, University of Pennsylvania and NBER
Bin Wei, Federal Reserve Bank of Atlanta
Vivian Yue, Emory University and NBER

The Two-Pillar Policy for the RMB
Discussant: Wenxin Du, Harvard University and NBER
3:30 pm
Ballroom
Itamar Drechsler, University of Pennsylvania and NBER
Alexi Savov, New York University and NBER
Philipp Schnabl, New York University and NBER

How Monetary Policy Shaped the Housing Boom
Discussant: Joseph S. Vavra, University of Chicago and NBER
4:30 pm
Adjourn
6:00 pm
Clambake at the Royal Sonesta Hotel
Thursday, July 11
8:00 am
Coffee and Pastries
Morning joint with Asset Pricing in Ballrom
8:30 am
Hui Chen, Massachusetts Institute of Technology and NBER
Zhuo Chen, Tsinghua University
Zhiguo He, Stanford University and NBER
Jinyu Liu, University of International Business and Economics
Rengming Xie, CITIC Securities

Pledgeability and Asset Prices: Evidence from the Chinese Corporate Bond Markets
Discussant: Tao Zha, Emory University and NBER
9:30 am
Jules H. van Binsbergen, University of Pennsylvania and NBER
William F. Diamond, University of Pennsylvania
Marco Grotteria, London Business School

Risk Free Interest Rates
Discussant: Annette Vissing-Jorgensen, Federal Reserve Board of Governors and NBER
10:30 am
Break
11:00 am
Moritz Lenel, Princeton University and NBER
Monika Piazzesi, Stanford University and NBER
Martin Schneider, Stanford University and NBER

The Short Rate Disconnect in a Monetary Economy
Discussant: Michael Woodford, Columbia University and NBER
12:00 pm
Lunch and Adjourn