10:47:36	 From  Conference Role Account  to  All panelists : Welcome to the NBER Summer Institute 2020 EFCE Workshop
10:48:45	 From  Conference Role Account : Welcome to the NBER Summer Institute 2020 EFCE Workshop
11:04:33	 From  Amir Kermani  to  Conference Role Account(Privately) : I think it is not streamed on youtube
11:05:09	 From  Conference Role Account  to  Amir Kermani(Privately) : Yes, we're having issues right now, but we are working on it
11:05:29	 From  Amir Kermani  to  Conference Role Account(Privately) : thanks
11:06:36	 From  Olivier Wang : the youtube stream doesnt work
11:10:17	 From  Martin Eichenbaum  to  All panelists : Willl tell NBER
11:11:37	 From  Martin Eichenbaum  to  Conference Role Account(Privately) : Apparently the YouTube stream in not working
11:22:54	 From  Conference Role Account  to  Martin Eichenbaum(Privately) : Yes, we're having issues right now, but we are working on it

11:23:09	 From  Martin Eichenbaum  to  Conference Role Account(Privately) : Thanks
11:27:03	 From  Conference Role Account : YouTube live stream is working now
11:32:39	 From  Thomas Philippon : These are very interesting findings. Note that the financing of intangible is also different. Typically intangibles have lower upfront cost, so easier to finance over time from cash flows.
11:33:10	 From  Thomas Philippon : Combining with stable recovery values, this suggests that credit constraints are likely to go down over time.
12:36:17	 From  Ivan Werning : I liked the paper! Thanks Ben
13:15:03	 From  Marco Del Negro  to  All panelists : my bad. I jumped in 2 minutes late and did not hear the announcement
13:17:44	 From  Marco Del Negro  to  All panelists : The “fwd guidance puzzle” paper. we do an analysis using BC (that btw controls for news) only for fwd guidance dates. https://www.newyorkfed.org/medialibrary/media/research/staff_reports/sr574.pdf
13:22:20	 From  Valerie A Ramey  to  All panelists : I have a question.
13:24:05	 From  Lita-NBER Staff  to  Yueran Ma(Privately) : You are on the video camera unless someone else shares their screen
13:24:43	 From  Yueran Ma : The high frequency monetary policy surprises in the data also seem to be predictable by previous Blue Chip and Greenbook forecasts.
13:26:24	 From  Mark Gertler : It may be that monetary policy is more systematics after the early 1980s — leading to smaller money shocks
13:27:29	 From  Lita-NBER Staff  to  Yueran Ma(Privately) : It meant to say that you are on the screen unless another presenter shares their screen. 
13:29:04	 From  Tao Zha : Are these measured monetary policy shocks truly exogenous? The answer seems no.
13:29:57	 From  Michael Bauer : @Tao, exactly, that's how we interpret our regressions where the economic news variables predict the policy "surprises"
13:30:49	 From  Tao Zha : Thanks.
13:31:03	 From  Andrea Tambalotti  to  All panelists : Do your results "rule out" Delphic fwd guidance?
13:31:12	 From  Michael Bauer : @Tao: The market not knowing the policy reaction function, and learning about it, is a possible explanation for this correlation, and we have a little model to demonstrate that
13:31:13	 From  Valerie A Ramey  to  All panelists : I agree with Mark Gertler - I made that same argument in my Handbook chapter.
13:43:32	 From  Valerie A Ramey  to  All panelists : Marty - What is the title of the Keynes biography you just mentioned?