SI 2024 Macro, Money and Financial Frictions

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

July 10-11, 2024

Ballroom A/Charles AB

Royal Sonesta Hotel, 40 Edwin H. Land Blvd., Cambridge, MA and zoom.us

Conference Code of Conduct

Wednesday, July 10
8:00 am
Coffee and Pastries
Morning joint with Monetary Economics and International Finance & Macroeconomics
8:30 am
Ballroom A
Adrien Matray, Princeton University and NBER
Karsten Müller, National University of Singapore
Chenzi Xu, University of California, Berkeley and NBER
Poorya Kabir, National University of Singapore

EXIM’s Exit: The Real Effects of Trade Financing by Export Credit Agencies
Discussant: Kilian Huber, University of Chicago and NBER
9:30 am
Break
9:45 am
Ballroom A
Mauricio Ulate, Federal Reserve Bank of San Francisco
Pascal Paul, Federal Reserve Bank of San Francisco
Jing Cynthia Wu, University of Illinois Urbana-Champaign and NBER

A Macroeconomic Model of Central Bank Digital Currency
Discussant: Todd Keister, Rutgers University
10:45 am
Break
11:00 am
Ballroom A
Dmitry Livdan, University of California, Berkeley
Norman Schurhoff, University of Lausanne
Vladimir Sokolov, ICEF Higher School of Economics

The Economic Impact of Payment System Stress: Evidence from Russia
Discussant: Thomas M. Eisenbach, Federal Reserve Bank of New York
12:00 pm
Lunch and Adjourn
MEFM continues after lunch in the Charles Suites (East Tower, second floor)
1:30 pm
Charles AB
Goutham Gopalakrishna, University of Toronto
Zhouzhou Gu, Princeton University
Jonathan Payne, Princeton University

Asset Pricing, Participation Constraints, and Inequality
2:20 pm
Charles AB
Sebastian Di Tella, Stanford University and NBER
Benjamin M. Hébert, Stanford University and NBER
Pablo Kurlat, University of Southern California and NBER

Aggregation, Liquidity, and Asset Prices with Incomplete Markets
3:10 pm
Break
3:30 pm
Charles AB
Javier Bianchi, Federal Reserve Bank of Minneapolis
Manuel Amador, University of Minnesota and NBER

Bank Runs, Fragility, and Regulation (slides)
4:20 pm
Charles AB
Ricardo J. Caballero, Massachusetts Institute of Technology and NBER
Tomás E. Caravello, Massachusetts Institute of Technology
Alp Simsek, Yale University and NBER

Financial Conditions Targeting (slides)
5:10 pm
Adjourn
Thursday, July 11
8:00 am
Coffee and Pastries
Morning joint with Asset Pricing
8:30 am
Ballroom A
Valentin Haddad, University of California, Los Angeles and NBER
Alan Moreira, University of Rochester and NBER
Tyler Muir, University of California, Los Angeles and NBER

Asset Purchase Rules: How QE Transformed the Bond Market
Discussant: William F. Diamond, University of Pennsylvania
9:30 am
Break
9:45 am
Ballroom A
Pablo Ottonello, University of Maryland and NBER
Wenting Song, Bank of Canada

Financial Intermediaries and the Macroeconomy: Evidence from a High-Frequency Identification
Discussant: Simon Gilchrist, New York University and NBER
10:45 am
Break
11:00 am
Ballroom A
Nina Boyarchenko, Federal Reserve Bank of New York
Leonardo Elias, Federal Reserve Bank of New York

Financing Private Credit
Discussant: Greg Buchak, Stanford University
12:00 pm
Lunch and MEFM adjourns