The Second Boston University/Boston Fed Conference on Macro-Finance Linkages The Second Boston University/Boston Fed Conference on Macro-Finance Linkages

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The Federal Reserve Bank of Boston and the Department of Economics at Boston University are organizing a conference on recent developments in macroeconomics and finance. The goal of the conference is to improve our understanding of the linkages between the financial markets and the real economy in light of the recent recession.

For more information please contact MacroFinance@bos.frb.org.

Full program pdf (updated 9/21/11)

  • Agenda
  • Organizers
  • Previous Conference

Agenda

Friday, October 28, 2011

12:00 - 1:00pm

Welcome and lunch

1:00 - 2:00

"Uncertainty Shocks in a Model of Effective Demand" Susanto Basu (Boston College) and Brent Bundick (Boston College)

Presenter: Susanto Basu Presentation

Discussant: Francois Gourio (Boston University) Discussion

2:00 - 3:00

"Ambiguous Business Cycles" offsite Cosmin Ilut (Duke University) and Martin Schneider (Stanford University)

Presenter: Cosmin Ilut Presentation

Discussant: George-Marios Angeletos (MIT) Discussion

3:00 - 3:30

Coffee Break

3:30 - 4:30

"Financial Markets and Unemployment" Tommaso Monacelli (Università Bocconi) and Vincenzo Quadrini (USC)

Presenter: Vincenzo Quadrini Presentation

Discussant: Nicolas Petrosky-Nadeau (CMU Tepper) Discussion

4:30- 5:30

"Financing Constraints and Unemployment: Evidence from the Great Recession" Burcu Duygan-Bump (Boston Fed), Alexey Levkov (Boston Fed), and Judit Montoriol-Garriga (Universitat Autònoma de Barcelona)

Presenter: Alexey Levkov Presentation

Discussant: Simon Gilchrist (Boston University) Discussion

Saturday, October 29, 2011

8:00 - 8:30am

Welcome and breakfast

8:30 - 9:30

"Collateral Crises" offsite Gary Gorton (Yale University) and Guillermo Ordoñez (Yale University)

Presenter: Guillermo Ordoñez Presentation

Discussant: Alp Simsek (Harvard University) Discussion

9:30 - 10:30

"Do Low Interest Rates Sow the Seeds of Financial Crises?" Simona Cociuba (University of Western Ontario), Malik Shukayev (Bank of Canada), and Alexander Ueberfeldt (Bank of Canada)

Presenter: Simona Cociuba Presentation

Discussant: Skander J. Van den Heuvel (Board of Governors) Discussion

10:30 - 11:00

Coffee Break

11:00 - 12:00pm

"A Quantitative Model of Banking Industry Dynamics" Dean Corbae (University of Texas at Austin) and Pablo D'Erasmo (University of Maryland)

Presenter: Dean Corbae Presentation

Discussant: Jeff Campbell (Chicago Fed) Discussion

12:00 - 1:00

"Too-Systemic-To-Fail: What Option Markets Imply About Sector-wide Government Guarantees" Bryan Kelly (Chicago Booth), Hanno Lustig (UCLA Anderson), and Stijn van Nieuwerburgh (NYU Stern)

Presenter: Bryan Kelly Presentation

Discussant: Satadru Hore (Boston Fed)

1:00pm

Adjourn

Organizers

José L. Fillat and Ali Ozdagli Federal Reserve Bank of Boston

Simon Gilchrist and Francois Gourio Boston University

Previous Conference

The program of last year's conference, held on November 12 and 13, 2010, can be found here: http://people.bu.edu/fgourio/conference_program.pdf pdf