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Summer Workshop on Money, Banking, Payments and Finance

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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

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

Steve Williamson,  Washington University in St. Louis

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

11:30 AM
Session 2: Financial Risk Capacity

Saki Bigio,  New York University

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

Michael Gofman,  University of Wisconsin

2:45 PM
Session 4: Adverse Selection and Liquidity Distortion in Decentralized Markets

Briana Chang,  Northwestern University

4:00 PM
Session 5: Liquidity, Productivity and Efficiency

Ehsan Ebrahimy,  University of Chicago

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

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

Cyril Monnet,  University of Bern

Daniel Sanches,  Federal Reserve Bank of Philadelphia

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

2:45 PM
Session 4: Optimal Unconventional Monetary Policy

Chao Gu,  University of Missouri

Joe Haslag,  University of Missouri

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

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)

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

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

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

Liang Wang,  University of Hawaii

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

YiLi Chien,  Purdue University

Gabriele Camera,  Purdue University

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

Fernando Martin,  Simon Fraser University

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

4:00 PM
Session 3: Repurchase Agreements

Cyril Monnet,  University of Bern

Borghan Narajabad,  Rice University

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

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

Guillaume Rocheteau,  University of California-Irvine

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

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

John Duffy,  University of Pittsburgh

Daniela Puzzello,  University of Illinois

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

Amy Sun,  Queen's University

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

Shouyong Shi,  University of Toronto

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

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

David Andolfatto,  Federal Reserve Bank of St. Louis

Aleks Berentsen,  University of Basel

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

Scott Dressler,  Villanova University

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

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

10:00 AM
Knowledge Growth and the Allocation of Time

Robert Lucas,  University of Chicago

Benjamin Moll,  Princeton University

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

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

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

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

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

10:00 AM
Session 2: How Amsterdam Got Fiat Money

Will Roberds,  Federal Reserve Bank of Atlanta

Stephen Quinn,  Texas Christian University

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)

 

 

 

 

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