2017 Program

Wednesday, December 13

Beginning at 5:00 pm — Arrival, Registration, and Welcome Reception

Thursday, December 14

7:00 am: Introduction and Welcome

7:10 am -- 8:30 am — Expanding and Shrinking

Session Chair: Luke Stein (Arizona State University)

A Theory of Multi-Period Debt Structure, Chong Huang (University of California - Irvine), Martin Oehmke (Columbia University, London School of Economics and NBER) and Hongda Zhong (London School of Economics)

Shrinking the Cross Section, Serhiy Kozak (University of Michigan), Stefan Nagel (Chicago Booth, NBER, CEPR), Shrihari Santosh (University of Maryland)

5:00 pm -- 7:00 pm — Job Market Session: Our Profession's Promise

Session Chair: Martin Schmalz (University of Michigan)

Heterogeneous Sensitivities to Interest Rate Changes Jacelly Cespedes (University of Texas at Austin)

Information Dynamics and Debt Maturity, Thomas Geelen (EPFL and Swiss Finance Institute) 

Heterogeneous Real Estate Agents and the Housing Cycle, Sonia Gilbukh (New York University), Paul Goldsmith-Pinkham (New York Fed)

Too Much Skin in the Game? The Effect of Mortgage Concentration on Credit and House Prices Deeksha Gupta (Wharton)

The Mismatch between Mutual Fund Scale and Skill Yang Song (Stanford GSB)

Household Debt Revaluation and the Real Economy Emil Verner (Princeton), Gyozo Gyongyosi (Central European University)

Friday, December 15

7:10 am -- 8:30 am — Banking on Snow

Session Chair: Thomas Gilbert (University of Washington)

Is Borrowing from Banks More Expensive Than Borrowing From the Market? Michael Schwert (Ohio State University)

Unconventional Monetary Policy and Bank Lending Relationships, Christophe Cahn (Banque de France), Anne Duquerroy (Banque de France), William Mullins (University of California San Diego)

5:00 pm -- 7:00 pm — Losing Control Over Large Drifts

Session Chair: Paul Goldsmith-Pinkham (Federal Reserve Bank of New York)

The Rise of Common Ownership, Erik Gilje (Wharton), Todd Gormley (Washington University - Olin), Doron Levit (Wharton)

Monetary Momentum, Andreas Neuhierl (Notre Dame), Michael Weber (Chicago Booth, NBER)

Patent Litigation and Innovation Competition, Jongsub Lee (University of Florida), Seungjoon Oh (Peking University), Paula Suh (University of Michigan)

Saturday, December 16

7:00 am -- 9:00 am — Holding Back?

Session Chair: Andra Ghent (University of Wisconsin-Madison)

Voluntary Disclosure in Bilateral Transactions, Vincent Glode (Wharton), Christian Opp (Wharton), Xingtan Zhang (University of Colorado at Boulder).

Pre-trade Hedging, Brian J. Henderson (George Washington University), Neil D. Pearson (University of Illinois Urbana Champaign), Li Wang (Case Western)

Lender Forbearance, Andrew Bird (Carnegie Mellon), Aytekin Ertan (London Business School), Stephen A. Karolyi (Carnegie Mellon), Thomas G. Ruchti (Carnegie Mellon)