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Summer Workshop on Money, Banking, Payments and Finance

  • Overview
  • Speakers
  • Agenda
  • Accommodations
  • Conference Materials
  • Registration
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August 8 – 19, 2011

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The economic research department of the Federal Reserve Bank of Chicago will host a summer workshop on money, banking, payments and finance. This workshop will bring together experts from academia and policy institutions around the world to discuss recent developments in the field. The goal of the conference is to provide a frank and critical assessment of all papers presented and to take stock of where we are and where we should be heading.

08/08/11
1:30 PM
Session 1: Implications of Risk-Shifting Models of Bubbles

Gadi Barlevy, Federal Reserve Bank of Chicago

  • Presentation
2:30 PM
Session 2: Credit Markets, Limited Commitment and Government Debt

Steve Williamson, Washington University in St. Louis

  • Presentation
4:00 PM
Session 3: Marriage Markets, Markets and Money: A Coasian Theory of Household Formation

Ken Burdett, University of Pennsylvania


Mei Dong, Bank of Canada


Ling Sun, University of Toronto


Randy Wright, University of Wisconsin


08/09/11
10:30 AM
Session 1: Liquidity Hoarding

Douglas Gale, New York University


Tanju Yorulmazer, Federal Reserve Bank of New York

  • Presentation
  • Research Paper
11:30 AM
Session 2: Financial Risk Capacity

Saki Bigio, New York University

  • Presentation
  • Research Paper
12:30 PM
Lunch
1:30 PM
Session 3: A Network-Based Analysis of Over-the-Counter Markets

Michael Gofman, University of Wisconsin

  • Presentation
  • Research Paper
2:45 PM
Session 4: Adverse Selection and Liquidity Distortion in Decentralized Markets

Briana Chang, Northwestern University

  • Presentation
  • Research Paper
4:00 PM
Session 5: Liquidity, Productivity and Efficiency

Ehsan Ebrahimy, University of Chicago

  • Presentation
  • Research Paper
08/10/11
10:30 AM
Session 1: Screening, Lending Intensity and the Aggregate Response to a Bank Tax

Kinda Hachem, University of Chicago Booth School of Business

  • Presentation
11:30 AM
Session 2: Firms, Bank Loans, and Monetary Policy

Cyril Monnet, University of Bern


Daniel Sanches, Federal Reserve Bank of Philadelphia

  • Presentation
12:30 PM
Lunch
1:30 PM
Session 3: Dynamic Adverse Selection: A Theory of Illiquidity, Fire Sales and Flight to Quality

Veronica Guerrieri, University of Chicago Booth School of Business


Rob Shimer, University of Chicago

  • Presentation
  • Research Paper
2:45 PM
Session 4: Optimal Unconventional Monetary Policy

Chao Gu, University of Missouri


Joe Haslag, University of Missouri

  • Presentation
4:00 PM
Session 5: On the Welfare Effect of Credit Arrangements

Jonathan Chiu, Bank of Canada


Mei Dong, Bank of Canada


Enchuan Shao, Bank of Canada

  • Presentation
5:30 PM
Reception
08/11/11
9:30 AM
Session 1: Learning to Love Money

Tingwen Liu, University of Illinois


Dennis O'Dea, University of Illinois


Sergey Popov, Centre for Advances Studies in Higher School of Economics (HSE)

  • Presentation
10:30 AM
Session 2: Experimental Evidence of Bank Runs as Pure Coordination Failures

Jasmina Arifovic, Simon Fraser University


Janet Jiang, Bank of Canada and University of Manitoba


Yiping Xu, University of International Business and Economics

  • Presentation
  • Research Paper
11:45 AM
Session 3: Generic Information Aggregation in a Large, Two-stage, Two-good, Cournot Market

Tai-Wei Hu, Northwestern University


Neil Wallace, Pennsylvania State University

  • Presentation
08/12/11
10:00 AM
Session 1: Inflation and Welfare with Search and Price Dispersion

Liang Wang, University of Hawaii

  • Presentation
11:00 AM
Session 2: Understanding the Distributional Impact of Long-run Inflation

YiLi Chien, Purdue University


Gabriele Camera, Purdue University

  • Presentation
12:30 PM
Session 3: Government Policy Response to War-expenditure Shocks

Fernando Martin, Simon Fraser University

  • Presentation
08/15/11
1:30 PM
Session 1: More Perils of Taylor Rules

Marco Bassetto, Federal Reserve Bank of Chicago


Chris Phelan, University of Minnesota


2:30 PM
Session 2: Credit Crunches, Asset Prices and Technological Change

Luis Araujo, Michigan State University


Raoul Minetti, Michigan State University

  • Presentation
4:00 PM
Session 3: Repurchase Agreements

Cyril Monnet, University of Bern


Borghan Narajabad, Rice University

  • Presentation
08/16/11
10:30 AM
Session 1: Equilibrium Selection in a Fundamental Model of Money

Luis Araujo, Michigan State University


Bernardo Guimaraes, Sao Paulo School of Economics

  • Presentation
  • Research Paper
11:30 AM
Session 2: Coexistence of Money and Higher Return Assets and its Social Value

Guillaume Rocheteau, University of California-Irvine

  • Presentation
12:30 PM
Lunch
1:30 PM
Session 3: Central Bank Liquidity Policies in Interbank Markets

Jonathan Chiu, Bank of Canada


Miguel Molico, Bank of Canada

  • Presentation
2:45 PM
Session 4: Gift Exchange versus Monetary Exchange: Experimental Evidence

John Duffy, University of Pittsburgh


Daniela Puzzello, University of Illinois

  • Presentation
4:00 PM
Session 5: Search, Distributions, Monetary and Fiscal Policy

Amy Sun, Queen's University

  • Research Paper
08/17/11
10:30 AM
Session 1: Liquidity, Assets and Business Cycles

Shouyong Shi, University of Toronto

  • Presentations
11:30 AM
Session 2: Search and the Dynamics of House Prices and Construction

Allen Head, Queen's University


Huw Lloyd-Ellis, Queen's University


Amy Sun, Queen's University

  • Presentation
12:30 PM
Lunch
1:30 PM
Session 3: Undue Diligence

David Andolfatto, Federal Reserve Bank of St. Louis


Aleks Berentsen, University of Basel

  • Presentation
2:45 PM
Session 4: The Welfare Costs of Inflation in Competitive Markets: A Long-run and Politico-Economic Analysis

Scott Dressler, Villanova University

  • Presentation
4:00 PM
Session 5: Housing Price Bubbles

Chao He, University of Wisconsin


Guillaume Rocheteau, University of California-Irvine


Randy Wright, University of Wisconsin


Yu Zhu, University of Wisconsin

  • Presentation
08/18/11
9:00 AM
Weberfest: A Two Day Conference in Honor of Warren Weber
A Model of Commodity Money with Minting and Melting

Angela Redish, University of British Columbia


Warren Weber, Federal Reserve Bank of Minneapolis

  • Presentation
10:00 AM
Knowledge Growth and the Allocation of Time

Robert Lucas, University of Chicago


Benjamin Moll, Princeton University

  • Presentation
11:30 AM
Information Insensitive Securities: The True Benefits of Central Counterparties

Francesca Carapella, Board of Governors of the Federal Reserve System


David Mills, Board of Governors of the Federal Reserve System

  • Presentation
12:30 PM
Lunch
2:00 PM
Panel: Does the Dodd-Frank Act Effectively Address Too-Big-to-Fail?

Moderator

Art Rolnick, University of Minnesota



Panelists

David Altig, Federal Reserve Bank of Atlanta


V. V. Chari, University of Minnesota

  • Presentation

Arthur Murton, Federal Deposit Insurance Corporation


Gary Stern, Former President, Federal Reserve Bank of Minneapolis


3:45 PM
Getting It Wrong: How Faulty Monetary Statistics Undermine the Fed, the Financial System and the Economy

Bill Barnett, University of Kansas

  • Research Paper
5:00 PM
Banking: A Mechanism Design Approach

Fabrizio Mattensini, University of Rome


Cyril Monnet, Federal Reserve Bank of Philadelphia


Randy Wright, University of Wisconsin

  • Presentation
6:00 PM
Reception
7:00 PM
Dinner and Speaker

Narayana Kocherlakota, President, Federal Reserve Bank of Minneapolis


08/19/11
9:00 AM
Session 1: Trade Dynamics in the Market for Federal Funds

Gara Afonso, Federal Reserve Bank of New York


Ricardo Lagos, New York University

  • Presentation
  • Research Paper
10:00 AM
Session 2: How Amsterdam Got Fiat Money

Will Roberds, Federal Reserve Bank of Atlanta


Stephen Quinn, Texas Christian University

  • Presentation
11:30 AM
Session 3: Enriching Information to Prevent Bank Runs

Ricardo Cavalcanti, Graduate School of Economics, Getulio Vargas Foundation (EPGE-FGV)


P. K. Monteiro, Graduate School of Economics, Getulio Vargas Foundation (EPGE-FGV)

  • Research Paper

 

 

 

Last Updated: 08/04/2011

Event Information
Date
08/08/11 - 08/19/11
Location

Federal Reserve Bank of Chicago
230 S LaSalle St
Chicago, IL 60604

Event Contact
Ed Nosal
(312) 322-6070
E-Mail

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