SI 2020 Capital Markets and the Economy

Janice C. Eberly and Deborah J. Lucas, Organizers

July 6-8, 2020

on Zoom.us

Conference Code of Conduct

Monday, July 6
1:00 pm

In Search of the Origins of Financial Fluctuations: The Inelastic Markets Hypothesis
Discussant: Dimitri Vayanos, London School of Economics and Political Science (LSE) and NBER (slides)
1:50 pm

Counterparty Risk: Implications for Network Linkages and Asset Prices
Discussant: Maryam Farboodi, Massachusetts Institute of Technology and NBER
2:40 pm
Break
2:50 pm

Feedback and Contagion through Distressed Competition
Discussant: Ye Li, University of Washington (slides)
3:40 pm

Does Money Talk? Market Discipline through Selloffs and Boycotts
Discussant: Martin Oehmke, London School of Economics and Political Science (LSE)
4:30 pm
Adjourn
Tuesday, July 7
1:00 pm

Beyond the Balance Sheet Model of Banking: Implications for Bank Regulation and Monetary Policy
Discussant: Dean Corbae, University of Wisconsin - Madison and NBER
1:50 pm

The Long and Short of Cash Flow Shocks and Debt Financing
Discussant: Toni Whited, University of Michigan and NBER
2:40 pm
Break
2:50 pm

Stock Market's Assessment of Monetary Policy Transmission: The Cash Flow Effect
Discussant: Anil K Kashyap, University of Chicago and NBER
3:40 pm

Q: Risk, Rents, or Growth? (slides)
Discussant: Callum J. Jones, Federal Reserve Board of Governors
4:30 pm
Adjourn
Wednesday, July 8
1:00 pm

The Fiscal Theory of the Price Level with a Bubble (slides)
Discussant: Narayana R. Kocherlakota, University of Rochester and NBER
1:50 pm

A Ramsey Theory of Financial Distortions (slides)
Discussant: Jiang Wang, Massachusetts Institute of Technology and NBER
2:40 pm
Break
2:50 pm

Sovereign Default and the Decline in Interest Rates (slides)
Discussant: François Gourio, Federal Reserve Bank of Chicago
3:40 pm

Low Rates and Bank Loan Supply: Theory and Evidence from Japan
Discussant: Randall Morck, University of Alberta and NBER
4:30 pm
Adjourn

FORMAT: Authors 20 minutes
Discussants 15 minutes
Open discussion 15 minutes