NATIONAL BUREAU OF ECONOMIC RESEARCH, INC.

 

SUMMER INSTITUTE 2010

 

Capital Markets and the Economy Workshop

 

Janice Eberly and Deborah Lucas, Organizers

 

Royal Sonesta Hotel
Ballroom B

40 Edwin H. Land Boulevard

Cambridge, Massachusetts

 

July 19 - 21, 2010

 

PROGRAM

 

MONDAY, JULY 19:

 

 

12:00 pm

Lunch

 

 

1:00 pm

Leonid Kogan, MIT and NBER

 

Dimitris Papanikolaou, Northwestern University

 

Growth Opportunities, Technology Shocks and Asset Prices

 

 

 

Discussant:  Burton Hollifield, Carnegie Mellon University

 

 

2:00 pm

Simon Gilchrist, Boston University and NBER

 

Jae Sim, Federal Reserve Board

 

Egon Zakrajsek, Federal Reserve Board

 

Uncertainty, Financial Frictions, and Investment Dynamics

 

 

 

Discussant:  Neng Wang, Columbia University and NBER

 

 

3:00 pm

Break

 

 

3:15 pm

Nicolas Petrosky-Nadeau, Carnegie Mellon University

 

The Macroeconomics of Credit and Job Destruction

 

 

 

Discussant:  Susanto Basu, Boston College and NBER

 

 

4:15 pm

Adjourn

 

 

6:00 pm

Group Dinner - Bambara Restaurant, 25 Edwin H. Land Blvd., Cambridge ,MA (across the street from the Sonesta)

 

 

TUESDAY, JULY 20:

 

 

12:00 pm

Lunch

 

 

1:00 pm

Ke Tang, Renmin, University of China

 

Wei Xiong, Princeton University and NBER

 

Index Investing and the Financialization of Commodities

 

 

 

Discussant:  Motohiro Yogo, University of Pennsylvania and NBER

 

 

1:50 pm

Boris Albul, UC, Berkeley

 

Dwight Jaffee, UC, Berkeley

 

Alexei Tchistyi, UC, Berkeley

 

Contingent Convertible Bonds and Capital Structure Decisions

 

 

 

Discussant:  Robert McDonald, Northwestern University

 

 

2:40 pm

Break

 

 

2:55 pm

Gianni De Nicolo, IMF

 

Marcella Lucchetta, University of Venice

 

Systemic Risks and the Marcroeconomy

 

 

 

Discussant:  Victoria Ivasina, Harvard University and NBER

 

 

3:45 pm

Markus K. Brunnermeier, Princeton University and NBER

 

Gary Gorton, Yale University and NBER

 

Arvind Krishnamurthy, Northwestern University and NBER

 

Risk Topography

 

 

 

Discussant:  Michael Gibson, Federal Reserve Board

 

 

4:35 pm

Adjourn

 

 

WEDNESDAY, JULY 21:

 

 

12:00 pm

Lunch

 

 

1 :00 pm

Philip Bond and Itay Goldstein, University of Pennsylvania

 

Government Intervention and Information Aggregation by Prices

 

 

Discussant:  Duane Seppi, Carnegie Mellon University

 

 

2:00 pm

Joao Gomes, University of Pennsylvania

 

Lukas Schmid, Duke University

 

Equilibrium Credit Spreads and the Macroeconomy

 

 

Discussant:   Hui Chen, MIT and NBER

 

 

3:00 pm

Break

 

 

3:15 pm

Marco Bassetto, Federal Reserve Bank of Chicago and NBER

 

Marco Cagetti, Federal Reserve Board

 

Mariacristina De Nardi, Federal Reserve Bank of Chicago and NBER

 

Credit Crunches and Credit Allocation in a Model of Entrepreneurship

 

 

 

Discussant:  Nikolai Roussanov, University of Pennsylvania and NBER

 

 

4:15 pm

Adjourn