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SI 2015 Macro, Money and Financial Frictions

Andrew Metrick, David S. Scharfstein, Arvind Krishnamurthy, Guillarmo Ordonez, and
Markus K. Brunnermeier, Organizers

July 10, 2015

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



Friday, July 10

8:00 am

Coffee and pastries

8:30 am

Douglas W. Diamond, University of Chicago and NBER
Anil Kashyap, University of Chicago and NBER
Liquidity Requirements, Liquidity Choice and Financial Stability

Discussant: Gary B. Gorton, Yale University and NBER

9:30 am

Sebastian Di Tella, Stanford University
Optimal Financial Regulation and the Concentration of Aggregate Risk

Discussant: Peter Kondor, Central European University

10:30 am


11:00 am

Jeremy C. Stein, Harvard University and NBER
Adi Sunderam, Harvard University and NBER
Gradualism in Monetary Policy: A Time-Consistency Problem?

Discussant: Michael Woodford, Columbia University and NBER

12:00 noon


1:00 pm

José-Luis Peydró, Universitat Pompeu Fabra
Bernardo C. Morais, Federal Reserve Board
Claudia Ruiz Ortega, World Bank
The International Bank Lending Channel of Monetary Policy Rates and Quantitative Easing: Credit Supply, Reach-for-Yield, and Real Effects

Discussant: Gabriel Chodorow-Reich, Harvard University and NBER

2:00 pm


2:30 pm

Simon Gilchrist, Boston University and NBER
Raphael Schoenle, Brandeis University
Jae Sim, Federal Reserve Board
Egon Zakrašjek, Federal Reserve Board
Financial Heterogeneity and Monetary Union

Discussant: Ricardo Reis, Columbia University and NBER

3:30 pm

Valentin Haddad, Princeton University and NBER
David Sraer, University of California at Berkeley and NBER
The Banking View of Bond Risk Premia

Discussant: Monika Piazzesi, Stanford University and NBER

4:30 pm