NATIONAL
BUREAU OF ECONOMIC RESEARCH, INC.
SUMMER INSTITUTE 2003
Capital Markets and the Economy Workshop
Janice Eberly and Deborah Lucas, Organizers
Royal Sonesta Hotel
5 Cambridge Parkway
Cambridge, Massachusetts
July 21 - 23, 2003
PRELIMINARY PROGRAM
MONDAY, JULY 21: |
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12:00 PM |
Lunch |
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1:00 PM |
ALBERTO ALESINA, Harvard
University and NBER |
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SILVIA ARDAGNA, Wellesley College |
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GIUSEPPE NICOLETTI, OECD |
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FABIO SCHIANTARELLI, Boston
College |
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Regulation and Investment |
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Discussant: ANUSHA CHARI, University of Michigan |
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1:55 PM |
SIMON GILCHRIST, Boston University
and NBER |
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MARC RYSMAN, Boston University |
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Trade Liberalization and Lumpy
Investment: |
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Evidence from Chilean Plan-level
Data |
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Discussant: ATIF MIAN, University
of Chicago |
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2:50 PM |
Break |
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3:05 PM |
FRANCISCO GOMES, London Business
School |
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ALEXANDER MICHAELIDIS, London
School of Economics |
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VALERY POLKOVNICHENKO, University
of Minnesota |
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Life Cycle Portfolio Choice with
Taxable and Tax Deferred Accounts |
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Discussant: CHESTER SPATT,
Carnegie Mellon University |
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4:00 PM |
Break |
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4:15 PM |
HUGO HOPENHAYN, University of
Rochester |
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HALYNA VERESHCHAGINA, CERGE-EI |
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Discussant: ANNETTE
VISSING-JORGENSEN, Northwester University and NBER |
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5:10 PM |
Adjourn |
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TUESDAY, JULY 22; |
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12:00 PM |
Lunch |
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1:00 PM |
JOAO GOMES and AMIR YARON,
University of Pennsylvania |
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LU ZHANG, University of Rochester |
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Investment and Returns with
Financing Constraints: Evidence using
Firm Data |
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Discussant: ANDREA EISFELDT, Northwestern
University |
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1:55 PM |
ANDREA CAGGESE, Pompeu Fabra
University |
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Financing Constraints,
Irreversibility and Investment Dynamics |
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Discussant: JULIA THOMAS,
University of Pennsylvania and NBER |
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2:50 PM |
Break |
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3:05 PM |
STEPHEN BOND, Oxford University |
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Conditional Cash Flow
Sensitivities and Financing Constraints |
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Discussant: ANDREW ABEL,
University of Pennsylvania and NBER |
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4:00 PM |
Break |
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4:15 PM |
REFET GURKAYNAK, Federal Reserve
System |
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Financial Intermediaries as Firms
and the Business Cycle |
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Discussant: MARK GERTLER, New York
University and NBER |
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5:10 PM |
Adjourn |
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WEDNESDAY, JULY 23: |
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12:00 PM |
Lunch |
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1:00 PM |
JOSEPH PEEK, University of
Kentucky |
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ERIC ROSENGREN, Federal Reserve
Bank of Boston |
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Unnatural Selection: Perverse Incentives and the
Misallocation of Credit in Japan |
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Discussant: SKANDER VAN DEN
HEUVEL, University of Pennsylvania |
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1:55 PM |
CHRISTA BOUWMAN, ANJAN THAKOR, and
TONI WHITED, |
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University of Michigan |
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Disagreement, Animal Sprits and
Investment |
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Discussant: STANLEY ZIN, Carnegie
Mellon University |
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2:50 PM |
Break |
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3:05 PM |
ROBERT CHIRINKO, Emory University |
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HUNTLEY SCHALLER, Carleton
University |
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Glamour vs. Value: The Real Story |
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Discussant: SYDNEY LUDVIGSSON, New
York University and NBER |
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4:00 PM |
Break |
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4:15 PM |
ROBERT HALL, Stanford University
and NBER |
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Dynamics of Corporate Earnings |
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Discussant: JOHN HEATON,
University of Chicago and NBER |
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5:10 PM |
Adjourn |
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6:00 PM |
Clambake |
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Harvard Faculty Club |
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20 Quincy Street |
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Cambridge, MA |
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6/30/03 |
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