NATIONAL
BUREAU OF ECONOMIC RESEARCH, INC. |
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SUMMER
INSTITUTE 2007 |
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Capital
Markets and the Economy Workshop |
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Janice
Eberly and Deborah Lucas, Organizers |
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Royal
Sonesta Hotel |
Charles
A Room |
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July
16-18, 2007 |
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PROGRAM |
MONDAY, JULY 16: |
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Lunch |
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1:00 pm |
XAVIER GABAIX, |
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A Simple, Unified, Exactly Solved
Framework for Ten Puzzles in Macro-Finance |
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Discussant: |
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1:50 pm |
ANDY ABEL, |
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JANICE EBERLY, Northwestern University
and NBER |
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STAVROS PANAGEAS, |
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Discussant:
RICARDO REIS, |
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2:40 pm |
Break |
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2:55 pm |
JOAO F. GOMES, |
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LEONID KOGAN, MIT
and NBER |
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MOTOHIRO YOGO, |
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Discussant: VALERY
POLKOVNICHENKO, |
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3:45 pm |
RAVI BANSAL, |
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AMIR YARON, |
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The Asset Pricing-Macro Nexus and Return-Cash Flow
Predictability |
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Discussant: TBA |
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4:35 pm |
Adjourn |
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6:00 pm |
Group Dinner |
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Dante at the Royal
Sonesta Hotel |
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TUESDAY, JULY 17: |
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Lunch |
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1:00 pm |
JAMES DOW, |
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ITAY GOLDSTEIN, |
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ALEXANDER GUEMBEL,
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Incentives for Information
Production in Markets where Prices Affect Real Investment |
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Discussant: PAOLO FULGHIERI,
University of North Carolina |
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1:50 pm |
ALEXIS
ANAGNOSTOPOULOS and EVA CARCELES-POVEDA, SUNY Stonybrook |
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ALBERT MARCET, Universitat Pompeu
Fabra |
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Discussant: ROBERT
MCDONALD, Northwestern University |
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2:40 pm |
Break |
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2:55 pm |
QI CHEN, |
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ITAY GOLDSTEIN, |
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WEI JIANG, |
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Payoff Complementarities and
Financial Fragility: Evidence from Mutual Fund Outflows |
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Discussant: BRYAN
ROUTLEDGE, Carnegie Mellon |
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3:45 pm |
ALESSANDRA
BONFIGLIOLI, Universitat Pompeu Fabra |
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Discussant: GITA
GOPINATH, Harvard University and NBER |
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4:35 pm |
Adjourn |
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WEDNESDAY, JULY 18: |
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Lunch |
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1:00 pm |
SIMON GILCHRIST, |
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EGON ZAKRAJSEK,
Federal Reserve Board |
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Investment and the
Cost of Capital: New Evidence from the Corporate Bond Market |
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Discussant: DAVID
MARSHALL, Federal Reserve Bank of |
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1:50 pm |
MARTIN BROWN, Swiss National Bank |
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TULLIO JAPPELLI and MARCO PAGANO, |
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Information Sharing and
Credit: Firm-Level Evidence from Transition Countries |
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Discussant: ATIF
MIAN, |
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2:40 pm |
Break |
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2:55 pm |
KRISTOPHER
GERARDI, Federal Reserve Bank of |
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HARVEY S. ROSEN, |
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PAUL WILLEN,
Federal Reserve Bank of |
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Do Households Benefit from Financial Deregulation and
Innovation? The Case of the Mortgage Market |
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Discussant: THOMAS DAVIDOFF, UC, Berkeley |
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3:45 pm |
NOBU KIYOTAKI, |
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ALEX MICHAELIDES, |
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KALIN NIKOLOV,
Bank of |
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Discussant: MORRIS
DAVIS, |
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4:35 pm |
Adjourn |
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6/18/07 |
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