SI 2020 Macro, Money and Financial Markets

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

July 7-9, 2020

on Zoom.us

Conference Code of Conduct

Tuesday, July 7
11:30 am
Maryam Farboodi, Massachusetts Institute of Technology and NBER
Peter Kondor, London School of Economics

Rational Sentiments and Economic Cycles (slides)
Discussants: Pablo Kurlat, University of Southern California and NBER
Adriano A. Rampini, Duke University and NBER
12:30 pm
David Skeie, University of Warwick

Digital Currency Runs
Discussants: Jesús Fernández-Villaverde, University of Pennsylvania and NBER
Simon Potter, Millennium
1:30 pm
Todd Keister, Rutgers University
Daniel Sanches, Federal Reserve Bank of Philadelphia

Should Central Banks Issue Digital Currency?
Discussants: Monika Piazzesi, Stanford University and NBER
Stephen Williamson, University of Western Ontario
2:30 pm
Adjourn
Wednesday, July 8
Joint session with the IFM and ME groups
11:00 am
Rohan Kekre, University of Chicago and NBER
Moritz Lenel, Princeton University and NBER

The Dollar and the Global Price of Risk
Discussant: Luigi Bocola, Stanford University and NBER
11:50 am
Ralph S. J. Koijen, University of Chicago and NBER
Motohiro Yogo, Princeton University and NBER

Exchange Rates and Asset Prices in a Global Demand System (slides)
Discussant: Jesse Schreger, Columbia University and NBER
12:40 pm
Pierre-Olivier Gourinchas, University of California, Berkeley and NBER
Walker D. Ray, London School of Economics
Dimitri Vayanos, London School of Economics and NBER

A Preferred-Habitat Model of Term Premia and Currency Risk (slides)
Discussant: Xavier Gabaix, Harvard University and NBER
2:00 pm
COVID-19 Policy Panel: US, Europe and Rest of the World
Chair: Pierre-Olivier Gourinchas, University of California at Berkeley and NBER
Benoit Coeure, Bank for International Settlements (slides)
Nellie Liang, Brookings Institution (slides)
Raghuram Rajan, University of Chicago and NBER (slides)
3:00 pm
Adjourn
Thursday, July 9
Joint Session with the AP group
11:30 am
Zhengyang Jiang, Northwestern University and NBER
Hanno Lustig, Stanford University and NBER
Stijn Van Nieuwerburgh, Columbia University and NBER
Mindy Z. Xiaolan, University of Texas at Austin

The U.S. Public Debt Valuation Puzzle (slides)
Discussants: Emmanuel Farhi, Harvard University
Jules H. van Binsbergen, University of Pennsylvania and NBER
12:30 pm
Ricardo J. Caballero, Massachusetts Institute of Technology and NBER
Alp Simsek, Yale University and NBER

Monetary Policy with Opinionated Markets (slides)
Discussants: Alexi Savov, New York University and NBER
Annette Vissing-Jorgensen, Federal Reserve Board of Governors and NBER (slides)
Money Market Stress and Banks
1:30 pm
Gara Afonso, Federal Reserve Bank of New York
Marco Cipriani, Federal Reserve Bank of New York
Adam Copeland, Federal Reserve Bank of New York
Anna Kovner, Federal Reserve Bank of Richmond
Gabriele La Spada, Federal Reserve Bank of New York
Antoine Martin, Federal Reserve Bank of New York

The Market Events of Mid-September 2019 (slides)
Ricardo Correa, Federal Reserve Board of Governors
Wenxin Du, Harvard University and NBER
Gordon Y. Liao, Circle

U.S. Banks and Global Liquidity (slides)
Discussant: Darrell Duffie, Stanford University and NBER (slides)
2:25 pm
Adjourn
Friday, January 22
10:35 am
Ralph S. J. Koijen, University of Chicago and NBER
Motohiro Yogo, Princeton University and NBER

Exchange Rates and Asset Prices in a Global Demand System (slides)
Discussant: Karen K. Lewis, University of Pennsylvania and NBER