SI 2023 Macro, Money and Financial Frictions
Markus K. Brunnermeier, Arvind Krishnamurthy, and Guillermo Ordoñez, Organizers
July 12-13, 2023
Ballroom A
Royal Sonesta Hotel, 40 Edwin H. Land Blvd., Cambridge, MA and zoom.us
| Wednesday, July 12 | ||||
| 8:00 am | Coffee and Pastries | |||
| 8:29 am | Morning joint with International Finance and Macroeconomics and Monetary Economics | |||
| 8:30 am |
Jiageng Liu, Massachusetts Institute of Technology Igor Makarov, London School of Economics Antoinette Schoar, Massachusetts Institute of Technology and NBER Anatomy of a Run: The Terra Luna Crash
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| 9:30 am | Break | |||
| 9:45 am |
Janice C. Eberly, Northwestern University and NBER, Moderator Kristin Forbes, Massachusetts Institute of Technology and NBER Neel Kashkari, Federal Reserve Bank of Minneapolis Philip Lane, European Central Bank Slides |
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| 10:45 am | Break | |||
| 11:00 am |
Mikhail Chernov, University of California, Los Angeles and NBER Valentin Haddad, University of California, Los Angeles and NBER Oleg Itskhoki, University of California, Los Angeles and NBER What do Financial Markets say about the Exchange Rate?
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| 12:00 pm | Lunch | |||
| 1:30 pm |
Luigi Bocola, Stanford University and NBER Gideon Bornstein, University of Pennsylvania The Macroeconomics of Trade Credit |
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| 2:30 pm | Break | |||
| 2:45 pm |
Francesco Bianchi, Johns Hopkins University and NBER Sydney C. Ludvigson, New York University and NBER Sai Ma, Federal Reserve Board Monetary-Based Asset Pricing: A Mixed-Frequency Structural Approach |
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| 3:45 pm | Break | |||
| 4:00 pm | Mini Session on Instant Payment Systems | |||
| 4:01 pm |
Loretta Mester, President Federal Reserve Bank of Cleveland |
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Sergey Sarkisyan, The Ohio State University Instant Payment Systems and Competition for Deposits |
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Amiyatosh Purnanandam, University of Michigan Tamanna Singh Dubey, University of Michigan Can Cashless Payments Spur Economic Growth? |
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| 5:15 pm | Adjourn | |||
| Thursday, July 13 | ||||
| 8:00 am | Coffee and Pastries | |||
| 8:01 am | Morning joint with Asset Pricing | |||
| 8:30 am |
Itay Goldstein, University of Pennsylvania and NBER Ming Yang, University College London Yao Zeng, University of Pennsylvania Payments, Reserves, and Financial Fragility
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| 9:30 am | Break | |||
| 9:45 am |
Saki Bigio, University of California, Los Angeles and NBER A Theory of Payment-Chain Crises
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| 10:45 am | Break | |||
| 11:00 am |
Saleem A. Bahaj, University College London Robert Czech, Bank of England Sitong Ding, London School of Economics Ricardo Reis, London School of Economics The Market for Inflation Risk
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| 12:00 pm | Lunch | |||