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SI 2016 Macro, Money and Financial Frictions 

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

July 13-14, 2016 

Royal Sonesta Hotel
Ballroom A

40 Edwin H. Land Boulevard
Cambridge, Massachusetts

Preliminary Program


Wednesday, July 13

8:00 am

Coffee and pastries


Morning session joint with International Finance and Macroeconomics

8:30 am

Emmanuel Farhi, Harvard University and NBER
Matteo Maggiori, Harvard University and NBER
A Model of the International Monetary System

Discussant: Hélène Rey, London Business School and NBER

9:30 am

Wenxin Du, Federal Reserve Board
Alexander Tepper, Princeton University
Adrien Verdelhan, Massachusetts Institute of Technology and NBER
Deviations from Covered Interest Rate Parity

Benjamin Hebert, Stanford University

10:30 am


11:00 am

Falk Bräuning, Federal Reserve Bank of Boston
Victoria Ivashina, Harvard University and NBER
Monetary Policy and Global Banking

Discussant: Linda S. Goldberg, Federal Reserve Bank of New York and NBER

12:00 n



Afternoon session joint with Monetary Economics

1:00 pm

Jesús Fernández-Villaverde, University of Pennsylvania and NBER
Daniel Sanches, Federal Reserve Bank of Philadelphia
Can Currency Competition Work?

Discussant: Stephen Williamson, Federal Reserve Bank of St. Louis

2:00 pm


2:30 pm

Juliane Begenau, Harvard University and NBER
Tim Landvoigt, University of Texas at Austin
Financial Regulation in a Quantitative Model of the Modern Banking System

Discussant: Mark Gertler, New York University and NBER

3:30 pm

Andrea Caggese, Universitat Pompeu Fabra
Ander Perez,
Federal Reserve Board
Reallocation of Intangible Capital and Secular Stagnation

Discussant: Maryam Farboodi, Princeton University

4:30 pm


6:00 pm

Clambake at the Royal Sonesta Hotel

Thursday, July 14

8:00 am

Coffee and pastries


Morning session joint with Asset Pricing

8:30 am

Gabriel Chodorow-Reich, Harvard University and NBER
Andra C. Ghent, University of Wisconsin - Madison
Valentin Haddad, Princeton University and NBER
Asset Insulators

Discussant: Ralph Koijen, London Business School

9:30 am

François Gourio, Federal Reserve Bank of Chicago
Phuong Ngo, Cleveland State University
Risk Premia at the ZLB: a Macroeconomic Interpretation

Discussant: Jordi Galí, CREI and NBER

10:30 am


11:00 am

Jennie Bai, Georgetown University
Reena Aggarwal, Georgetown University
Luc Laeven, European Central Bank
The Role of the Government Bond Lending Market in Collateral Transformation

Discussant: Gary B. Gorton, Yale University and NBER

12:00 n

Adjourn and lunch