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Federal Reserve System Day Ahead Conference on Financial Markets and Institutions
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Federal Reserve System Day Ahead Conference on Financial Markets and Institutions

  • Overview
  • Speakers
  • Agenda
  • Accommodations
  • Conference Materials
  • Registration
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The Federal Reserve Bank of Chicago and the Federal Reserve Bank of Dallas are sponsoring the fifth annual “day ahead” conference on Thursday, January 5, 2012, (the day before the beginning of the 2012 ASSA meetings in Chicago). The Federal Reserve System employs a large number of economists whose primary research interests relate to financial markets and financial institutions. This is an extremely important area, as witnessed by the heated policy issues debate in recent years. The goal of the “day ahead” conference is to help build a community among these economists, as well as to give them the opportunity to develop ties outside the System. Holding the conference around the ASSA meetings has been helpful in increasing the number of attendees.

 

All System staff members are invited to attend, but must register in advance.

 

Additional questions may be addressed to Blanca Sepulveda in the Research Department at the Federal Reserve Bank of Chicago (contact information to the right), or to members of the conference organizing committee.

 

We look forward to seeing you in Chicago in January, a “day ahead” of the start of the ASSA meetings.

Conference Organizing Committee

Doug Evanoff, Federal Reserve Bank of Chicago
Scott Frame, Federal Reserve Bank of Atlanta
Diana Hancock, Board of Governors of the Federal Reserve System
Wayne Passmore, Board of Governors of the Federal Reserve System
Harvey Rosenblum, Federal Reserve Bank of Dallas

01/05/12
8:00 AM
Continental Breakfast
8:25 AM
Welcome

Daniel Sullivan,  Federal Reserve Bank of Chicago

8:30 AM
Session 1: Empirical Asset Pricing

Chair

Loretta Mester,  Federal Reserve Bank of Philadelphia

  • Financial Intermediaries and the Cross-Section of Asset Returns

Tobias Adrian,  Federal Reserve Bank of New York

Erkko Etula,  Federal Reserve Bank of New York

Tyler Muir,  Northwestern University

  • Pricing Deflation Risk with U.S. Treasury Yields

Jens Christensen,  Federal Reserve Bank of San Francisco

Jose Lopez,  Federal Reserve Bank of San Francisco

Glenn Rudebusch,  Federal Reserve Bank of San Francisco

  • Foreign Official Holdings of U.S. Treasuries and U.S. Interest Rates: A Lens on the Savings Glut

Daniel Beltran,  Board of Governors of the Federal Reserve System

Maxwell Kretchmer,  Board of Governors of the Federal Reserve System

Jaime Marquez,  Board of Governors of the Federal Reserve System

Charles Thomas,  Board of Governors of the Federal Reserve System

Eric Engstrom,  Board of Governors of the Federal Reserve System

Andrea Ajello,  Board of Governors of the Federal Reserve System

Michael Bauer,  Federal Reserve Bank of San Francisco

10:00 AM
Break
10:30 AM
Session 2: Liquidity

Chair

Ravi Jagannathan,  Northwestern University

  • The Liquidity Management of U.S. Global Banks: Internal Capital Markets in the Great Recession

Nicola Cetorelli,  Federal Reserve Bank of New York

Linda Goldberg,  Federal Reserve Bank of New York

  • Liquidity Hoarding

Douglas Gale,  New York University

Tanju Yorulmazer,  Federal Reserve Bank of New York

  • Are Banks Passive Liquidity Backstops? Deposit Rates and Flows during the 2007-09 Crisis

Nada Mora,  Federal Reserve Bank of Kansas City

Viral Acharya,  New York University

  • Arbitrage, Liquidity and Exit: The Repo and Fed Funds Markets before, during and after the Financial Crisis

Elizabeth Klee,  Board of Governors of the Federal Reserve System

Viktors Stebunovs,  Board of Governors of the Federal Reserve System

Simon Kwan,  Federal Reserve Bank of San Francisco

Ned Prescott,  Federal Reserve Bank of Richmond

Francisco Covas,  Board of Governors of the Federal Reserve System

Arvind Krishnamurthy,  Northwestern University

12:30 PM
Lunch
2:00 PM
Session 3: Federal Reserve Policy

Chair

Mitchell Petersen,  Northwestern University

  • Large Scale Asset Purchases Had Large International Effects

Christopher Neely,  Federal Reserve Bank of St. Louis

  • Large Excess Reserves in the U.S.: A View from the Cross-Section of Banks

Huberto Ennis,  Federal Reserve Bank of Richmond

Alexander Wolman,  Federal Reserve Bank of Richmond

  • Drain, Baby, Drain: Term Deposits, Reserves and Interbank Rates

Morten Bech,  Bank for International Settlements

Spence Hilton,  Federal Reserve Bank of New York

  • Bech & Hilton Presentation

Hesna Genay,  Federal Reserve Bank of Chicago

Larry Wall,  Federal Reserve Bank of Atlanta

Daniel Thornton,  Federal Reserve Bank of St. Louis

3:30 PM
Break
4:00 PM
Session 4: Financial Markets and the Macroeconomy

Chair

David Altig,  Federal Reserve Bank of Atlanta

  • Credit Spreads as Predictors of Real Time Economic Activity: A Bayesian Moving Average Approach

Jon Faust,  Johns Hopkins University

Simon Gilchrist,  Boston University

Jonathan Wright,  Johns Hopkins University

Egon Zakrajsek,  Board of Governors of the Federal Reserve System

  • The Unreliability of Credit-to-GDP Ratio Gaps in Real Time and the Implications for Countercyclical Capital Buffers

Rochelle Edge,  Board of Governors of the Federal Reserve System

Ralf Meisenzahl,  Board of Governors of the Federal Reserve System

  • Modeling Credit Contagion via the Updating of Fragile Beliefs

Luca Benzoni,  Federal Reserve Bank of Chicago

Pierre Collin-Dufresne,  Columbia University

Robert Goldstein,  University of Minnesota

Jean Helwege,  University of South Carolina

John Duca,  Federal Reserve Bank of Dallas

Ian Christensen,  Bank of Canada

Greg Duffee,  Johns Hopkins University

5:30 PM
Adjournment and Reception

 

 

 

 

Last Updated: 01/03/2012

 
Event Information
Date
01/05/12
Registration Deadline
Monday, January 2, 2012
Location
Federal Reserve Bank of Chicago
Third Floor Conference Center
230 S LaSalle St
Chicago, IL 60604
Fee:
$0

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