Conference Home | Conference Program | Speaker Biographies | Papers & Slides | Videos & Photos |
Causes of and Policy Responses to the U.S. Financial Crisis:
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4:00 PM | Registration Opens | Third Floor Foyer | |
5:00pm – 6:30pm | Panel Discussion 1: Securitization and Its Discontents | Conant Room | |
Moderator: | Bengt Holmstrom, MIT | ||
Panelists: | Joseph Naggar, GoldenTree Asset Management | ||
Ed DeMarco, Miliken Institute | |||
Laurie Goodman, Urban Institute | |||
Nancy Wallace, UC, Berkeley | |||
6:30-9:00 PM | Cocktail Reception and Dinner | Regattabar | |
Keynote Speaker: | Jeremy Stein, Harvard | ||
Thursday, September 29Location: Charles Hotel, Cambridge, MA |
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8:00am-8:30am | Continental Breakfast | Pavilion Foyer |
8:30am-10:15am | Paper Session I. Ground Zero: Housing and the Mortgage Market | Kennedy Room | |
Chair: | Jonathan Parker, MIT | ||
Paper 1: | Manuel Adelino, Duke, Antoinette Schoar, MIT, Felipe Severino, Dartmouth, “Loan Originations and Defaults in the Mortgage Crisis: The Role of the Middle Class” | ||
Paper 2: | Daniel Greenwald, MIT, “The Mortgage Credit Channel of Macroeconomic Transmission” | ||
Paper 3: | Pedro Gete, Georgetown and Michael Reher, Harvard, “Systemic Banks, Mortgage Supply and Housing Rents” | ||
Discussant: | Paul Willen, Federal Reserve Bank of Boston | ||
10:15am-10:45am | Break | ||
10:45am-12:30pm | Paper Session II. Regulatory Changes and Their Consequences | Kennedy Room | |
Chair: | Ben Golub, BlackRock | ||
Paper 1: | Marcelo Rezende, FRB, Mary-Frances Styczynski, FRB, and Cindy M. Vojtech, FRB, “The Effects of Liquidity Regulation on Bank Demand and Monetary Policy Operations” | ||
Paper 2: | Jens Dick-Nielsen, Copenhagen Business School and Marco Rossi, Texas A&M, “The Cost of Immediacy for Corporate Bonds” | ||
Paper 3: | Kristen Forbes, MIT and BOE, Dennis Reinhardt, BOE, and Tomasz Wieladek, “The Spillovers, Interactions, and (Un)Intended Consequences of Monetary and Regulatory Policies.” | ||
Discussant: | Chester Spatt, Carnegie Mellon | ||
12:30pm-1:30 | Lunch | Longfellow Room | |
Speaker: | Sanjiv Das, Santa Clara University | ||
1:30pm-3:15pm | Paper Session III. Systemic Risk | Kennedy Room | |
Chair: | Nellie Liang, Federal Reserve Board | ||
Paper 1: | Kathleen Weiss Hanley, Lehigh University and Gerard Hoberg, USC Marshall School of Business, “Dynamic Interpretation of Emerging Systemic Risks” | ||
Paper 2: | Rickard Nyman, UCL, David Gregory, Bank of England, Sujit Kapadia, Bank of England, Paul Ormerod, UCL, David Tuckett, UCL & Robert Smith, UCL, “News and Narratives in Financial Systems: Exploiting Big Data for Systemic Risk Assessment” |
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Paper 3: | Silvia Gabrieli, Banque de France and Co-Pierre Georg, University of Cape Town, “A Network View of Interbank Liquidity” | ||
Discussant: | Andrew Lo, MIT | ||
3:15pm-3:45pm | Break | ||
3:45pm – 4:45pm | Panel Discussion 2: What We Don’t Know | Kennedy Room | |
Moderator: | Deborah Lucas, MIT | ||
Panelists: | Michael S. Barr, University of Michigan | ||
Stacey Schreft, Treasury, Office of Financial Research | |||
Robert Merton, MIT | |||
4:45pm | Adjourn |