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

This Event Has Ended This Event Has Ended

October 3-4, 2014
Federal Reserve Bank of Boston
600 Atlantic Avenue
Boston MA

The Federal Reserve Bank of Boston, the Department of Economics and the School of Management 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. Both theoretical work and empirical work are welcomed.


Day One - Friday, October 3, 2014

11:45 a.m.

Registration and lunch (Connolly Center and New England Room)

12:30 p.m.

Session 1: “Liquidity Trap and Excessive Leverage
Anton Korinek (Johns Hopkins) and Alp Simsek (MIT)

Alp Simsek (MIT)

Discussant: TBD

1:30 p.m.

Session 2:  “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)

Andrea Tambalotti (Federal Reserve Bank of New York)

Matteo Iacoviello (Boston University)

2:30 p.m. Break
3:00 p.m.

Session 3:  No-Bubble Condition: Model-Free Tests in Housing MarketsNo-Bubble Condition: Model-Free Tests in Housing Markets”
Stefano Giglio (Chicago Booth), Matteo Maggiori (Harvard), Johannes Stroebel (NYU Stern)

Matteo Maggiori (Harvard)

Discussant: TBD

4:00 p.m.

Session 4:  Credit-Fuelled Bubbles
Antonio Doblas-Madrid (Michigan State University), Kevin Lansing (Federal Reserve Bank of San Francisco)

Antonio Doblas-Madrid (Michigan State University)

Discussant: TBD

5:00 p.m.

Session 5: Panel Discussion.
“Housing after the Crisis and Recent Developments”

Douglas G. Duncan
, Senior VP and Chief Economist (Fannie Mae), Frank Nothaft, VP and Chief Economist, (Freddie Mac) and Nancy Wallace, Professor (University of California Berkeley)

7:00 p.m. Cocktails and Dinner (by invitation only in the Harborview Dining Room)

Day Two - Saturday, October 4, 2014

8:00 a.m. Breakfast (New England Room)
8:45 a.m.

Session 1: “Aggregate Implications of Corporate Debt ChoicesNicolas Crouzet (Northwestern Kellogg)

Nicolas Crouzet (Northwestern Kellogg)

Max Croce (University of North Carolina)

9:45 a.m.

Session 2: “Financial Shocks and Job Flows
Neil Mehrotra (Brown University), Dimitry Sergeyev (Bocconi University)

Neil Mehrotra (Brown University)

Gian Luca Clementi (New York University)

10:45 a.m. Break
11:15 a.m.

Session 3: “Relationship and Transaction Lending in a Crisis
Patrick Bolton (Columbia University), Xavier Frexias (UPF, Barcelona GSE), Leonardo Gambacorta (BIS), Paolo Emilio Mistrulli (Bank of Italy)

Leonardo Gambacorta (Bank of International Settlements)

Robert Marquez (University of California – Davis)

12:15 p.m.

Session 4: “The Human Costs of Bank Speculation”
Daniela Hochfellner (University of Michigan), Joshua Montes (University of Michigan), Martin Schmalz (UMichigan Ross), Denis Sosyura (UMichigan Ross)

Joshua Montes (University of Michigan)

Burcu Duygan-Bump (Federal Reserve Board of Governors)

 1:15 p.m. Lunch and Adjourn (New England Room)

up down Lodging & Dining