2nd Macro Finance Workshop
October 25-26, 2013
NYU Stern School of Business
New York City
Workshop Organizers:
Stijn Van Nieuwerburgh (NYU Stern)
Neng Wang (Columbia Business School)
October 25
5:30 - 7:30 Welcome Reception
In Honor of 2013 Nobel Laureate Lars P. Hansen
October 26
8:00 Registration & Continental Breakfast
9:00 "Climate Change, Growth, and Risk" [Presentation]
Ravi Bansal (Duke University), Dana Kiku (UIUC), and Marcelo Ochoa (Federal Reserve Board)
Discussant: Lars Hansen, University of Chicago
10:00 "Market Power and Capital Flexibility: A New Perspective on the Pricing of Technology Shocks"
Lorenzo Garlappi (UBC) and Zhongzhi Song (CKGSB)
Discussant: Dimitris Papanikolaou, Northwestern Kellogg
11:00 Refreshment Break
11:20 Keynote Presentation
"Optimal Fiscal Policy with Incomplete Asset Markets" (with A. Bhandari, D. Evans, and M. Golosov)
Thomas J. Sargent, New York University,
Distinguished Fellow, Macro Finance Society
12:20 Lunch
1:30 "Liquidity Management and Monetary Policy"
Javier Bianchi (University of Winsconsin) and Saki Bigio (Columbia University)
Discussant: Thomas Philippon, NYU Stern
2:30 Refreshment Break
2:50 "Endogenous Financial Constraints, Taxes and Leverage"
Shaojin Li (Shanghai University) and Toni Whited (University of Rochester)
Discussant: Adriano Rampini, Duke Fuqua
3:50 "Mortgage Defaults and Prudential Regulations in a Standard Incomplete Market Model"
Juan Carlos Hatchondo (Indiana University), Leonardo Martinez (IMF), and Juan Sanchez (Federal Reserve Bank of St. Louis)
Discussant: Michael Michaux, University of Southern California
4:50 Adjourn