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NATIONAL BUREAU OF ECONOMIC RESEARCH, INC. 

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 Discussant: Benjamin Hebert, Stanford University
10:30 am	Break
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	Lunch
	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	Break
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	Adjourn
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	Break
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