The Third Boston University/Boston Fed Conference on Macro-Finance Linkages The Third Boston University/Boston Fed Conference on Macro-Finance Linkages

This Event Has Ended This Event Has Ended

November 30-December 1, 2012
11:45 a.m. - 3:00 p.m.
 

The Federal Reserve Bank of Boston and the Department of Economics at Boston University are organizing a conference on recent developments in macroeconomics and finance.  The goal of the conference is to improve our understanding of the linkages between the financial markets and the real economy in light of the recent recession.

Topics of interests include, but are not limited to: financial frictions and their effects on asset prices and the real economy, asset pricing, banking, macro-prudential regulation, credit risk, dynamic stochastic general equilibrium models (DSGE) with risk premia and/or financial frictions, monetary and banking supervisory policy during financial crises (including the effects of quantitative easing policies), sovereign debt, financial stability, liquidity in financial markets, and quantitative corporate finance.

  • Agenda
  • Organizers
  • Previous Conferences

Agenda

updated December 17, 2012

Friday, November 30, 2012

11:45 am Registration and Lunch
12:30 pm

Dealing with the Trilemmapdf
Emmanuel Farhi (Harvard) and Ivan Werning (MIT)

Presenters:
Emmanuel Farhi
Ivan Werning
Presentation pdf

Discussant:
Fabio Ghironi (Boston College)
Presentation pdf

1:30

“The Financial Soundness of U.S. Firms 1926-2011” pdf
Andrew Atkeson (UCLA), Andrea Eisfeldt (UCLA Anderson), and Pierre-Olivier Weil (UCLA)

Presenter:
Andrea Eisfeldt
Presentation pdf

Discussant:
Joao Gomes (Wharton School, University of Pennsylvania)
Presentation pdf

2:30 Break
2:45

“When Credit Bites Back: Leverage, Business Cycles, and Crises” pdf
Òscar Jordà (FRB San Francisco and UC Davis), Moritz Schularick (Free University of Berlin), and Alan Taylor (University of Virginia)

Presenter:
Òscar Jordà
Presentation pdf

Discussant:
Jesús Fernández-Villaverde (University of Pennsylvania)
Presentation pdf

3:45

Intermediary Leverage, Macroeconomic Dynamics, and Macroprudential Policypdf
Jae Sim (Board of Governors) and Michael Kiley (Board of Governors)

Presenter:
Jae Sim
Presentation pdf

Discussant:
Matteo Iacoviello (Board of Governors)
Presentation pdf

4:45 Break
5:00

Panel Discussion

Panelists:
Jeff Fuhrer (FRB Boston)
Anil Kashyap (University of Chicago Booth)
Narayana Kocherlakota (FRB Minneapolis)
Jeremy Stein (Board of Governors)

6:15 Cocktail and Dinner (invitation only)

↑ top

Saturday, December 1, 2012

8:00 am Breakfast
9:00

Measuring the Effect of the Zero Lower Bound on Medium and Longer Term Interest Rates pdf
Eric Swanson (FRB San Francisco) and John Williams (FRB San Francisco)

Presenter:
Eric Swanson
Presentation pdf

Discussant:
Jonathan Wright (Johns Hopkins University)
Presentation pdf

10:00 Break
10:15

The Cost of Financial Frictions for Life Insurerspdf
Ralf Koijen (University of Chicago Booth) and Motohiro Yogo (FRB Minneapolis)

Presenter:
Motohiro Yogo
Presentation pdf

Discussant:
David Scharfstein (Harvard Business School)
Presentation pdf

11:15

Foreign Ownership of U.S. Safe Assets: Good or Bad?pdf
Jack Favilukis (LSE), Sydney Ludvigson (NYU), and Stijn Van Nieuwerburgh (NYU Stern)

Presenter:
Sydney Ludvigson
Presentation pdf

Discussant:
Jonathan Heathcote (FRB Minneapolis)
Presentation pdf

12:15 pm Lunch
1:00

Liquidity Traps and Monetary Policy: Managing a Credit Crunchpdf
Francisco Buera (UCLA) and Juan Pablo Nicolini (FRB Minneapolis and Universidad Di Tella)

Presenter:
Francisco Buera
Presentation pdf

Discussant:
Virgiliu Midrigan (New York University)
Presentation pdf

2:00

“The Pre-FOMC Announcement Drift” pdf
David Lucca (FRB New York) and Emanuel Moench (FRB New York)

Presenter:
David Lucca
Presentation pdf

Discussant:
Ken Kuttner (Williams College)
Presentation pdf

3:00 Adjourn

↑ top

Organizers

José L. Fillat and Ali Ozdagli
Federal Reserve Bank of Boston

Simon Gilchrist and Francois Gourio
Boston University