SI 2023 Capital Markets and the Economy

Janice C. Eberly and Deborah J. Lucas, Organizers

July 10-12, 2023

University Room BC

Format: 20 minutes for authors, 15 minutes for discussants, 15 minutes for Q&A

Conference Code of Conduct

Monday, July 10
12:00 pm
Lunch
1:00 pm

Is Physical Climate Risk Priced? Evidence from Regional Variation in Exposure to Heat Stress
Discussant: Marcin Kacperczyk, Imperial College London
1:50 pm

Reducing Carbon using Regulatory and Financial Market Tools
Discussant: Derek Lemoine, University of Arizona and NBER
2:40 pm
Break
2:55 pm

Corporate Tax Avoidance, Firm Size, and Capital Misallocation
Discussant: Michael Faulkender, University of Maryland, College Park
3:45 pm

Process Intangibles and Agency Conflicts
Discussant: Mindy Z. Xiaolan, University of Texas at Austin
4:35 pm
Adjourn
Tuesday, July 11
12:00 pm
Lunch
1:00 pm

The Informational Centrality of Banks
Discussant: Skander Van Den Heuvel, Federal Reserve Board of Governors
1:50 pm

Evergreening
Discussant: Camelia Minoiu, Federal Reserve Bank of Atlanta
2:40 pm
Break
2:55 pm

Investment When New Capital is Hard to Find
Discussant: Adriano A. Rampini, Duke University and NBER
3:45 pm
Adjourn
Wednesday, July 12
12:00 pm
Lunch
1:00 pm

Discount Rates, Labor Market Dynamics, and Income Risk
Discussant: John Y. Campbell, Harvard University and NBER
1:50 pm

Firm Financial Conditions and the Transmission of Monetary Policy (slides)
Discussant: Thomas Winberry, University of Pennsylvania and NBER
2:40 pm
Break
2:55 pm

Preparing for the Storm: Firm Policies and Time-varying Recession Risk
Discussant: Toni Whited, University of Michigan and NBER
3:45 pm

Asset Pricing and Risk Sharing Implications of Alternative Pension Plan Systems
Discussant: Stephen P. Zeldes, Columbia University and NBER
4:35 pm
Adjourn