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	NATIONAL BUREAU OF ECONOMIC RESEARCH, INC.
	SI 2016 Monetary Economics
	Christina D. Romer and David H. Romer, Organizers
	July 11-15, 2016
	Royal Sonesta Hotel Charles Suites 40 Edwin H. Land Blvd. Cambridge, MA
	PROGRAM
Monday, July 11
12:00 n		Lunch
1:00 pm		Paul S. Willen, Federal Reserve Bank of Boston and NBER Christopher Foote, Federal Reserve Bank of Boston Lara Loewenstein, Brandeis University Cross-Sectional Patterns of Mortgage Debt During the Housing Boom: Stocks and Flows
1:55 pm		Break
2:05 pm		David W. Berger, Northwestern University and NBER Nicholas Turner, Department of the Treasury Eric Zwick, University of Chicago and NBER Stimulating Housing Markets
3:00 pm		Break
3:10 pm		Narayana R. Kocherlakota, University of Rochester and NBER Sluggish Inflation Expectations: A Markov Chain Analysis
4:05 pm		Adjourn
Tuesday, July 12
12:00 n		Lunch
1:00 pm		Cindy Vojtech, Federal Reserve Board Benjamin Kay, Department of the Treasury John C. Driscoll, Federal Reserve Board The Real Consequences of Bank Mortgage Lending Standards
1:55 pm		Break
2:05 pm		David Aikman, Bank of England Oliver Bush, Bank of England Alan M. Taylor, University of California at Davis and NBER Monetary versus Macroprudential Policies: Causal Impacts of Interest Rates and Credit Controls in the Era of the UK Radcliffe Report
3:00 pm		Break
3:10 pm		Jon S. Cohen, University of Toronto Kinda Cheryl Hachem, University of Chicago and NBER Gary Richardson, University of California at Irvine and NBER Relationship Lending and the Great Depression: Measurement and New Implications
4:05 pm		Adjourn
Wednesday, July 13
	12:00 n	Lunch
		Afternoon session joint with Macro, Money and Financial Frictions
	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, Universitat Pompeu Fabra and Boston University 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
12:00 n		Lunch
1:00 pm		Gabriel Chodorow-Reich, Harvard University and NBER Loukas Karabarbounis, Federal Reserve Bank of Minneapolis and NBER The Limited Macroeconomic Effects of Unemployment Benefi t Extensions
1:55 pm		Break
2:05 pm		Nittai Bergman, Massachusetts Institute of Technology and NBER Rajkamal Iyer, Massachusetts Institute of Technology Richard T. Thakor, Massachusetts Institute of Technology The Effect of Cash Injections: Evidence from the 1980s Farm Debt Crisis
3:00 pm		Lunch
3:10 pm		Laurence M. Ball, Johns Hopkins University and NBER The Fed and Lehman Brothers
4:05 pm		Adjourn
Friday, July 15
12:00 n		Lunch
1:00 pm		Discussion with John Williams President and Chief Executive Officer, Federal Reserve Bank of San Francisco
2:15 pm		Break
2:30 pm		Emi Nakamura, Columbia University and NBER Jón Steinsson, Columbia University and NBER Patrick K. Sun, Federal Communications Commission Daniel Villar, Columbia University The Elusive Costs of Inflation: Price Dispersion during the U.S. Great Inflation
3:25 pm		Break
3:35 pm		Ulrike Malmendier, University of California at Berkeley and NBER Stefan Nagel, University of Michigan and NBER Zhen Yan, University of Michigan The Making of Hawks and Doves: Inflation Experiences and Voting on the FOMC on the FOMC
4:30 pm		Adjourn