| 08.00 - 8.45 |
Breakfast
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| 08.45 _- 08.55 |
Welcome
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| 08.55 _- 09.30 |
KEYNOTE ADDRESS by Prof. Robert Engle, recipient of the 2003 Nobel Memorial Prize in Economic Sciences
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| 09.30 _- 12.20 |
Session 1: Financial Externalities
Session Chair: Viral Acharya (New York University) |
| 09.30 _- 10.20 |
Monetary Policy Through Production Networks: Evidence from the Stock Market
Ali Ozdagli (Federal Reserve Bank of Boston)
Michael Weber (University of Chicago)
Discussant: Clara Vega (Board of Governors of the Federal Reserve System)
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| 10.20 _- 10.30 |
Break
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| 10.30 _- 11.20 |
Interest Rate Uncertainty, Hedging and Real Activity
Lorenzo Bretscher (London School of Economics)
Lukas Schmid (Duke University)
Andrea Vedolin (London School of Economics)
Discussant: Leonid Kogan (Massachusetts Institute of Technology)
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| 11.20 - 11.30 |
Break
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| 11.30 _- 12.20 |
The Costs of Quantitative Easing: Liquidity and Market Functioning Effects of
Federal Reserve MBS Purchases
John Kandrac (Board of Governors of the Federal Reserve System)
Discussant: Michael Fleming (Federal Reserve Bank of New York)
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| 12.30 - 14.00 |
Lunch
FIRESIDE CHAT with Chairman Paul Volcker and Prof. Marti G. Subrahmanyam
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| 14.00 - 16.50 |
Session 2: The Lending Sector
Session Chair: Holger Mueller (New York University) |
| 14.00 _- 14.50 |
Monetary Stimulus and Bank Lending
Indraneel Chakraborty (University of Miami)
Itay Goldstein (University of
Pennsylvania)
Andrew MacKinlay (Southern Methodist University)
Discussant: Victoria Ivashina (Harvard Business School)
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| 14.50 _- 15.00 |
Break
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| 15.00 _- 15.50 |
Mortgage Refinancing, Consumer Spending, and Competition: Evidence from
Sumit Agarwal (National University of Singapore)
Gene Amromin (Federal Reserve Bank of Chicago)
Souphala Chomsisengphet (OCC)
Tomasz Piskorski (Columbia University & NBER)
Amit Seru (University of Chicago & NBER)
Vincent Yao (Georgia State University)
Discussant: Johannes Stroebel (New York University)
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| 15.50 - 16.00 |
Break
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| 16.00 _- 16.50 |
Whatever It takes: The Real Effects of Unconventional Monetary Policy
Viral V. Acharya (New York University, CEPR & NBER)
Tim Eisert (Erasmus University Rotterdam)
Christian Eufinger (IESE Business School)
Christian Hirsch (Goethe University Frankfurt & SAFE)
Discussant: Taylor Begley (London Business School)
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| 18.00 _- 21.00 |
Conference Dinner (By Invitation Only)
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