Opening Remarks
Speaker:
Sylvain Leduc, Director of Economic Research, Federal Reserve Bank of San Francisco
Session One
Chair:
Michael Bauer, Federal Reserve Bank of San Francisco
Unlocking Mortgage Lock-In: Evidence from a Spatial Housing Ladder Model
Authors:
Julia Fonseca, UIUC Gies
Lu Liu, University of Pennsylvania, Wharton
Pierre Mabille, INSEAD
Discussant:
Daniel Greenwald, NYU Stern School of Business
Download paper (pdf, 7 mb)
Asset Purchase Rules: How QE Transformed the Bond Market
Authors:
Valentin Haddad, University of California, Los Angeles
Alan Moreira, University of Rochester
Tyler Muir, University of California, Los Angeles
Discussant:
Thomas King, Federal Reserve Bank of Chicago
Download paper (pdf, 517 kb)
Session Two
Chair:
Thomas Mertens, Federal Reserve Bank of San Francisco
Aggregation, Liquidity, and Asset Prices with Incomplete Markets
Authors:
Sebastian Di Tella, Stanford University
Benjamin Hebert, Stanford University
Pablo Kurlat, University of Southern California
Discussant:
Adrien Auclert, Stanford University
Download paper (pdf, 646 kb)
The Risky Capital of Emerging Markets
Authors:
Felix Gerding, Bocconi University
Espen Henriksen, BI Norwegian Business School
Ina Simonovska, University of California, Davis
Discussant:
Tony Zhang, Federal Reserve Board
Download paper (pdf, 1 mb)
Keynote
What Hundreds of Economic News Events Say About Belief Overreaction in the Stock Market
Speaker:
Sydney Ludvigson, New York University
Session Three
Chair:
Thomas Mertens, Federal Reserve Bank of San Francisco
Risk and Risk-Free Rates
Authors:
Mete Kilic, University of Southern California
Zhao Zhang, University of Southern California
Aleksandr Zotov, International Monetary Fund
Discussant:
Anna Cieslak, Duke’s Fuqua School of Business
Download paper (pdf, 1 mb)
Exchange Rates, Natural Rates, and the Price of Risk
Authors:
Rohan Kekre, University of Chicago, Booth School of Business
Moritz Lenel, Princeton University
Discussant:
Hanno Lustig, Stanford University Graduate School of Business
Download paper (pdf, 2 mb)