We are pleased to announce the Macroeconomic Policy Perspectives conference series, a new initiative of the Federal Reserve Bank of Minneapolis, the University of Chicago, and Stanford University. These events will bring together researchers in various fields of economics to address important policy issues.
The first conference, Banking, Regulation, and Macroeconomic Outcomes, will be hosted in person and livestreamed by the Federal Reserve Bank of Minneapolis on October 17–18, 2024.
This event will advance our understanding of the sources and macroeconomic consequences of banking fragility and will help address the challenges of financial regulation. The conference will include a policy panel with leading experts and policymakers as well as the presentation of six academic papers.
Papers presented at the conference will undergo a standard peer review process and, if accepted, will be included in a special volume of Journal of Political Economy Macroeconomics.
Keynote Policy Panel:
- Douglas Diamond, Merton H. Miller Distinguished Service Professor of Finance, University of Chicago Booth School of Business, and 2022 Nobel Laureate
- Hyun Song Shin, Economic Adviser and Head of Research, Bank for International Settlements
- Andrea Eisfeldt, Laurence D. and Lori W. Fink Endowed Chair in Finance and Professor of Finance, UCLA Anderson School of Management
- Moderator: Neel Kashkari, President and CEO, Federal Reserve Bank of Minneapolis
The 2024 conference organizers are Fabrizio Perri, Javier Bianchi, Cristina Arellano, Manuel Amador, and Andrea Raffo.
Event Details
Event Agenda
Thursday, October 17 |
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|---|---|
| 12:00–12:55 p.m. CT |
Lunch |
| 12:55–1:00 p.m. CT |
Opening remarksSpeaker: Neel Kashkari, President and CEO, Federal Reserve Bank of Minneapolis |
| 1:00–2:00 p.m. CT |
Assortative Matching, Interbank Markets, and Monetary Policy [Paper]Christian Bittner, Deutsche Bundesbank; Rustam Jamilov, All Souls College, University of Oxford; Farzad Saidi, University of Bonn Presenter: Rustam Jamilov, All Souls College, University of Oxford Session chair: Javier Bianchi, Federal Reserve Bank of Minneapolis |
| 2:15–3:15 p.m. CT |
Bankruptcy Exemption of Repo Markets: Too Much Today for Too Little Tomorrow? [Paper]Viral Acharya, NYU Stern School of Business; V. Ravi Anshuman, Indian Institute of Management Bangalore; S. Viswanathan, Fuqua School of Business, Duke University Presenter: Viral Acharya, NYU Stern School of Business Session chair: Javier Bianchi, Federal Reserve Bank of Minneapolis |
| 3:30–4:30 p.m. CT |
Interbank Trade: Why It’s Good and How to Get It [Paper]Garth Baughman, Federal Reserve Board of Governors; Francesca Carapella, Federal Reserve Board of Governors Presenter: Francesca Carapella, Federal Reserve Board of Governors Session chair: Javier Bianchi, Federal Reserve Bank of Minneapolis |
| 4:45–5:45 p.m. CT |
A Quantitative Model of Banking Industry Dynamics [Paper]Dean Corbae, Wisconsin School of Business, University of Wisconsin–Madison; Pablo D’Erasmo, Federal Reserve Bank of Philadelphia Presenter: Dean Corbae, Wisconsin School of Business, University of Wisconsin–Madison Session chair: Javier Bianchi, Federal Reserve Bank of Minneapolis |
| 5:45–6:45 p.m. CT |
Reception |
| 6:45–8:00 p.m. CT |
Dinner |
Sessions include 40 minutes for presenters, 15 minutes for discussants, and 5 minutes for Q&A.
Friday, October 18 |
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|---|---|
| 8:30–9:00 a.m. CT |
Breakfast |
| 9:00–10:00 a.m. CT |
Keynote Policy PanelDouglas Diamond, Merton H. Miller Distinguished Service Professor of Finance, University of Chicago Booth School of Business, and 2022 Nobel Laureate
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| 10:15–11:15 a.m. CT |
U.S. Banks and Global Liquidity [Paper]Ricardo Correa, Federal Reserve Board of Governors; Wenxin Du, Harvard Business School; Gordon Y. Liao, Circle Presenter: Wenxin Du, Harvard Business School Session chair: Manuel Amador, Federal Reserve Bank of Minneapolis |
| 11:30 a.m.–12:30 p.m. CT |
Monetary Tightening, Commercial Real Estate Distress, and US Bank Fragility [Paper]Erica Xuewei Jiang, University of Southern California, Gregor Matvos, Northwestern University, Tomasz Piskorski, Columbia Business School; Amit Seru, Stanford Graduate School of Business Presenter: Tomasz Piskorski, Columbia Business School Session chair: Manuel Amador, Federal Reserve Bank of Minneapolis |
| 12:30–1:30 p.m. CT |
Lunch |
Sessions include 40 minutes for presenters, 15 minutes for discussants, and 5 minutes for Q&A.
Attendance
The conference will be livestreamed and recorded for all those unable to attend in person at the Minneapolis Fed.
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