Second Annual Conference
"Understanding the Economic Slump: Balance Sheets and Policy Uncertainty"
This conference took place on Thursday, February 28 and Friday March 1, 2013 on the Princeton University campus. It combined economic and historical analysis to shed light on how to overcome the slow recovery. The conference was open to the public. Links to the videos, papers and slides presented are on the program below.
Program
Thursday, February 28, 2013
12:45 - 1:00 pm
Welcome - Markus Brunnermeier and Atif Mian,
Co-Directors JRC, Princeton University
1:00 - 2:30 pm
Lessons from the Great Depression
Michael Bordo, Rutgers Unversity
"Deep Recessions, Fast Recoveries and Financial Crises:
Evidence from the American Record" Paper, Slides, Video
Gary Gorton, Yale University
"The Flight from Maturity" Slides, Video
Alan Taylor, University of Virginia
"When Credit Bites Back" Paper, Slides, Video
Chair: Atif Mian, Princeton University
2:45 - 4:15 pm
Policy Uncertainty
Nicholas Bloom, Stanford University
"Measuring Economic Policy Uncertainty" Paper, Slides, Video
Casey B. Mulligan, University of Chicago
"Uncertainty, Redistribution, and the Labor Market" Paper, Slides, Video
Pietro Veronesi, Chicago Business School
"Political Uncertainty and Risk Premia" Paper, Slides, Video
Chair: Brandice Canes-Wrone, Princeton University
4:30 - 6:00 pm
Keynote Speech
Anne Krueger, Johns Hopkins University
Former Deputy Managing Director of the IMF
"Sovereign Debt Crises and Sovereign Debt Restructuring", Video
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Friday, March 1, 2013
9:00 - 10:30 am
Financial Innovation
Sebastian Di Tella, MIT
"Uncertainty Shocks and Balance Sheet Recessions" Paper, Slides, Video
Edward Kung, UCLA
"A Structural Model of Continuous Workout Mortgages" Slides, Video
Alp Simsek, Harvard University
"Speculation and Risk Sharing with New Financial Assets" Paper, Slides, Video
Chair: Ashoka Mody, Woodrow Wilson School, Princeton University
10:45 - 12:15 pm
Policy Responses - Panel
Giovanni Dell'Ariccia, IMF
"A Banking Union for the Euro" Paper, Slides, Video
Linda Goldberg, Federal Reserve Bank of New York
"International Dollar Use, Global Finance and Central Bank Responses"
Jean-Pierre Landau, Sciences-Po
"Problems with the Helicopter" Slides, Video
Loretta J. Mester, Federal Reserve Bank of Philadelphia
"Federal Reserve Policy During and After the Crisis" Slides, Video
Chair: Hyun Song Shin, Princeton University
END OF CONFERENCE