3rd Annual Conference: Program

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Causes of and Policy Responses to the U.S. Financial Crisis:
What Do We Know Now that the Dust Has Settled?

For a downloadable version of the conference program, please click here.

Wednesday, September 28

Location: Charles Hotel, Cambridge, MA

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 29

Location: Charles Hotel, Cambridge, MA

 
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”
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