SI 2022 Capital Markets and the Economy

Janice C. Eberly and Deborah J. Lucas, Organizers

July 18-20, 2022

Skyline AB

Royal Sonesta Hotel, Edwin H. Land Blvd., Cambridge, MA and zoom.us

Conference Code of Conduct

Monday, July 18
12:00 pm
Lunch
1:00 pm

Credit Fire Sales: Captive Lending as Liquidity in Distress
Discussant: Christopher Palmer, Massachusetts Institute of Technology and NBER (slides)
1:50 pm

Take It to the Limit? The Economic Effects of Leverage Caps
Discussant: Paul S. Willen, Federal Reserve Bank of Boston and NBER (slides)
2:40 pm
Break
2:55 pm

Resolving Financial Distress Where Property Rights Are Not Clearly Defined: The Case Of China
Discussant: Chang-Tai Hsieh, University of Chicago and NBER
3:45 pm

The Savings of Corporate Giants
Discussant: Toni Whited, University of Michigan and NBER
4:35 pm
Adjourn
Tuesday, July 19
12:00 pm
Lunch
1:00 pm

A p Theory of Government Debt and Taxes (slides)
Discussant: Narayana R. Kocherlakota, University of Rochester and NBER (slides)
1:50 pm

Risk-Taking and Monetary Policy Transmission: Evidence from Loans to SMEs and Large Firms (slides)
Discussant: Thomas Winberry, University of Pennsylvania and NBER (slides)
2:40 pm
Break
2:55 pm

Collateral Framework: Liquidity Premia and Multiple Equilibria (slides)
Discussant: Jeremy C. Stein, Harvard University and NBER
3:45 pm

International Capital Markets and Wealth Transfers
Discussant: Maxime Sauzet, Boston University (slides)
4:35 pm
Adjourn
Wednesday, July 20
12:00 pm
Lunch
1:00 pm

Constrained-Efficient Capital Reallocation
Discussant: Pablo Kurlat, University of Southern California and NBER (slides)
1:50 pm

The Flow Approach to Credit Markets: Methodology, Measurements, and Macro Perspectives
Discussant: Victoria Ivashina, Harvard University and NBER (slides)
2:45 pm
Break
2:55 pm

Cross-Sectional Financial Conditions, Business Cycles and The Lending Channel (slides)
Discussant: Nicolas Crouzet, Northwestern University (slides)
3:45 pm

Information Acquisition and Pre-announcement Drift (slides)
Discussant: Benjamin M. Hébert, Stanford University and NBER
4:35 pm
Adjourn