Federal Reserve System "Day-Ahead" Conference on Financial Markets and Institutions
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Federal Reserve Bank of Boston 600 Atlantic Avenue, Boston MA
Federal Reserve System "Day-Ahead" Conference on Financial Markets and Institutions
Friday, January 2, 2015 Federal Reserve Bank of Boston 600 Atlantic Avenue Boston, MA Directions
The Federal Reserve Bank of Boston is pleased to sponsor the eighth annual "Day-Ahead" Conference on Financial Markets and Institutions. This conference creates an opportunity for interaction among finance-oriented research economists in the Federal Reserve System, at other central banks, and in academia.
- Agenda
- Registration
- Hotel Information
- Organizing Committee
Agenda
Friday, January 2, 2015
7:30 a.m. | Breakfast |
8:30 a.m. | Welcoming Remarks Eric Rosengren, President and Chief Executive Officer, Federal Reserve Bank of Boston |
8:45 a.m. | Session 1: Monetary Policy Mechanics Chair: William Nelson (Federal Reserve Board) "Federal Reserve Tools for Managing Rates and Reserves" Antoine Martin (Federal Reserve Bank of New York) Jamie McAndrews (Federal Reserve Bank of New York) Ali Palida (Federal Reserve Bank of New York) David Skeie (Texas A,M Business School) Presenter: David Skeie (Texas A,M Business School) Discussant: Benjamin Friedman (Harvard University) |
9:30 a.m. | Break |
9:45 a.m. | Session 2: Effects of Mortgages on the Real Economy Chair: Joe Peek (Federal Reserve Bank of Boston) "Credit Supply and the Housing Boom" Alejandro Justiniano (Federal Reserve Bank of Chicago) Giorgio Primiceri (Northwestern University ) Andrea Tambalotti (Federal Reserve Bank of New York) Presenter: Andrea Tambalotti (Federal Reserve Bank of New York) Discussant: Tobias Adrian (Federal Reserve Bank of New York) "Monetary Policy Pass-Through: Household Consumption and Voluntary Deleveraging" Marco Di Maggio (Columbia Business School) Amir Kermani (University of California, Berkeley) Rodney Ramcharan (Federal Reserve Board ) Presenter: Rodney Ramcharan (Federal Reserve Board) Discussant: Daniel Cooper (Federal Reserve Bank of Boston) |
11:15 a.m. | Break |
11:30 a.m. | Session 3: How Do Asset Purchases Work? Chair: Wayne Passmore (Federal Reserve Board) "The Scarcity Value of Treasury Collateral: Repo Market Effects of Security-Specific Supply and Demand Factors" Stefania D'Amico (Federal Reserve Bank of Chicago) Roger Fan (Federal Reserve Bank of Chicago) Yuriy Kitsul (Federal Reserve Board) Presenter: Stefania D'Amico (Federal Reserve Bank of Chicago) Discussant: Mike Fleming (Federal Reserve Bank of New York) "A Portfolio Balance Approach to the Nominal Term Structure" Thomas King (Federal Reserve Bank of Chicago) Presenter: Thomas King (Federal Reserve Bank of Chicago) Discussant: Robin Greenwood (Harvard University) |
1:00 p.m. | Lunch |
2:00 p.m. | Session 4: Macro Implications of Financial Shocks Chair: Michael Kiley (Federal Reserve Board) "How Does Macroprudential Regulation Change Bank Credit Supply?" Anil Kashyap (University of Chicago) Dimitrios Tsomocos (University of Oxford) Alexandros Vardoulakis (Federal Reserve Board) Presenter: Alexandros Vardoulakis (Federal Reserve Board) Discussant: Adi Sunderam (Harvard Business School) "Do Municipal Bonds Pose a Systemic Risk? Evidence from the Detroit Bankruptcy" Nikolay Gospodinov (Federal Reserve Bank of Atlanta) Brian Robertson (Federal Reserve Bank of Atlanta) Paula Tkac (Federal Reserve Bank of Atlanta) Presenter: Paula Tkac (Federal Reserve Bank of Atlanta) Discussant: Ali Ozdagli (Federal Reserve Bank of Boston) |
3:30 p.m. | Session 5: Stress Testing Chair: Diana Hancock (Federal Reserve Board) "Model Risk of Risk Models" Jon Danielson (London School of Economics) Kevin James (London School of Economics) Marcela Valenzuela (University of Chile) Ilknur Zer (Federal Reserve Board) Presenter: Ilknur Zer (Federal Reserve Board) Discussant: Nada Mora (Federal Reserve Bank of Kansas City) |
4:15 p.m. | Break |
4:45 p.m. | Session 6: Credit Supply Chair: Scott Frame (Federal Reserve Bank of Atlanta) "Risk Taking and Low Longer-Term Interest Rates: Evidence from the U.S. Syndicated Loan Market" Sirio Aramonte (Federal Reserve Board) Seung Jung Lee (Federal Reserve Board) Viktors Stebunovs (Federal Reserve Board) Presenter: Viktors Stebunovs (Federal Reserve Board) Discussant: Greg Nini (Drexel University) "Liquidity, Non-Bank Credit, and the Financial Crisis: Evidence from Automobiles" Efraim Benmelech (Northwestern University) Ralf Meisenzahl (Federal Reserve Board) Rodney Ramcharan (Federal Reserve Board) Presenter: Ralf Meisenzahl (Federal Reserve Board) Discussant: Philip Strahan (Boston College) |
6:15 p.m. | Adjourn |
6:30 p.m. | Reception |
Hotel Information
Hotel reservations can be made through the ASSA registration website. Be sure to reserve early because the ASSA hotel block is smaller for the night of January 1, 2015. The registration will open on September 10, 2014.
Organizing Committee
- Joe Peek, Federal Reserve Bank of Boston
- Ali Ozdagli, Federal Reserve Bank of Boston
- Christina Wang, Federal Reserve Bank of Boston
- Scott Frame, University of North Carolina, Charlotte and Federal Reserve Bank of Atlanta
- Diana Hancock, Federal Reserve Board of Governors
- Wayne Passmore, Federal Reserve Board of Governors
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