Carnegie-Rochester-NYU Conference

NOVEMBER 11-12, 2016

"The Macroeconomics of Liquidity in Capital Markets and the Corporate Sector "

Program (Click to print PDF)

Thursday, November 10, 2016
8 to 10 p.m. Welcome Reception - Wyndham Pittsburgh University Center
Friday, November 11, 2016
8:15 a.m. Molley's Trolleys from Wyndham Pittsburgh University Center to the Tepper School of Business

8:30 a.m. Buffet Breakfast

9 a.m.

Conference Session I
Marvin Goodfriend

  • The Global Rise of Corporate Saving
    Authors: Peter Chen, Loukas Karabarbounis and Brent Neiman
    Discussant: Andrea Eisfeldt
  • Bank Liabilities Channel
    Authors: Vincenzo Quadrini
    Discussant: Egon Zakrajsek

Noon Lunch – Tepper/GSIA Faculty Conference Center, Room 322

1:30 p.m. Conference Session II
Burton Hollifield

  • Network Reactions to Banking Regulations
    Authors: Selman Erol and Guillermo Ordonez
    Discussant: Maryam Farboodi
  • Liquidity Regulation, Extended Repo, and the Real Economy
    Author: Franklin Allen and Douglas Gale
    Discussant: Douglas Diamond

5 p.m. Molley's Trolleys from Tepper School of Business to Wyndham Pittsburgh University Center

6:15 p.m. Molley's Trolleys from Wyndham Pittsburgh University Center to The Pittsburgh Golf Club

6:30 to 9 p.m. The Pittsburgh Golf Club
Cocktails: 6:30 to 7 p.m.
Dinner: 7 to 9 p.m.
Saturday, November 12, 2016
8 a.m. Molley's Trolleys from Wyndham Pittsburgh University Center to Tepper School of Business

8:15 a.m. Buffet Breakfast

8:45 a.m.

Conference Session III
Chairman: Stan Zin

  • Strategic Interaction of Asset Managers and Liquidity in Capital Markets
    Authors: Stephen Morris, Ilhyock Shim and Hyun Song Shin
    Discussant: Itay Goldstein
  • Dealer Balance Sheets and Bond Liquidity Provision
    Authors: Tobias Adrian, Nina Boyarchenko and Or Shachar
    Discussant: Marco Di Maggio

11:45 a.m. Conference Adjourns

Noon Box lunches will be available