SI 2024 Capital Markets and the Economy

Janice C. Eberly and Deborah J. Lucas, Organizers

July 8-10, 2024

University BC

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

Conference Code of Conduct

Monday, July 8
12:00 pm
Lunch
1:00 pm
Katharina Cera, European Central Bank
Sujit Kapadia, European Central Bank
Linda Rousova, European Central Bank
Christian Weistroffer, European Central Bank

Market-Based Finance and the Business Cycle
Discussant: Emil Verner, Massachusetts Institute of Technology and NBER
1:50 pm
Ali Sanati, American University
Ioannis Spyridopoulos, American University

Comparing Capital Allocation Efficiency in Public and Private Equity Markets
Discussant: René M. Stulz, The Ohio State University and NBER
2:40 pm
Break
2:55 pm
Mariassunta Giannetti, Stockholm School of Economics
Chotibhak Jotikasthira, Southern Methodist University
Andreas C. Rapp, Board of Governors of the Federal Reserve System
Martin Waibel, Stockholm School of Economics

Intermediary Balance Sheet Constraints, Bond Mutual Funds’ Strategies, and Bond Returns
Discussant: Lira Mota, Massachusetts Institute of Technology
3:45 pm
Sharjil Haque, Board of Governors of the Federal Reserve System
Anya V. Kleymenova, Board of Governors of the Federal Reserve System

Private Equity and Debt Contract Enforcement: Evidence from Covenant Violations
Discussant: Heitor Almeida, University of Illinois Urbana-Champaign and NBER
4:35 pm
Adjourn
Tuesday, July 9
12:00 pm
Lunch
1:00 pm
Peter M. DeMarzo, Stanford University and NBER
Arvind Krishnamurthy, Stanford University and NBER
Stefan Nagel, University of Chicago and NBER

Interest rate risk in banking
Discussant: Viral V. Acharya, New York University and NBER
1:50 pm
Greg Buchak, Stanford University
Gregor Matvos, Northwestern University and NBER
Tomasz Piskorski, Columbia University and NBER
Amit Seru, Stanford University and NBER

The Secular Decline of Bank Balance Sheet Lending
Discussant: Anil K Kashyap, University of Chicago and NBER
2:40 pm
Break
2:55 pm
Camelia Minoiu, Federal Reserve Bank of Atlanta
Andres M. Schneider, Federal Reserve Board
Min Wei, Federal Reserve Board

Why Does the Yield Curve Predict GDP Growth? The Role of Banks
Discussant: Tyler Muir, University of California, Los Angeles and NBER
3:45 pm
Manuel Adelino, Duke University and NBER
Miguel A. Ferreira, Nova School of Business and Economics
Miguel C. Oliveira, Nova School of Business and Economics

The Heterogeneous Effects of Household Debt Relief
Discussant: Amit Seru, Stanford University and NBER
4:35 pm
Adjourn
Wednesday, July 10
12:00 pm
Lunch
1:00 pm
Eduardo Dávila, Yale University and NBER
Ansgar Walther, Imperial College London

Corrective Regulation with Imperfect Instruments
Discussant: Narayana R. Kocherlakota, University of Rochester and NBER
1:50 pm
Adriano Fernandes, Harvard University
Rodolfo Rigato, European Central Bank

K Wasn't Built in a Day: Investment with Endogenous Time to Build
Discussant: Robert L. McDonald, Northwestern University and NBER
2:40 pm
Break
2:55 pm
Dasol Kim, Department of the Treasury
Luke Olson, U.S. Department of the Treasury
Toan Phan, Federal Reserve Bank of Richmond

Bank Competition and Strategic Adaptation to Climate Change
Discussant: Teng Wang, Federal Reserve Board
3:45 pm
Matteo Crosignani, Federal Reserve Bank of New York
Emilio Osambela, Board of Governors of the Federal Reserve System
Matthew Pritsker, Federal Reserve Bank of Boston

Understanding the Pricing of Carbon Emissions: New Evidence from the Stock Market
Discussant: Kent D. Daniel, Columbia University and NBER
4:35 pm
Adjourn