2nd Summer Workshop in Macro Finance Sciences Po Paris July 1-2, 2011

The department of economics hosts the second summer workshop in macro-finance at Sciences Po. The event is co-sponsored by Sciences Po and the Wisconsin School of Business, and co-organized by Erwan Quintin (University of Wisconsin), Cyril Monnet (Philadelphia Fed), Yann Algan and Etienne Wasmer (Sciences Po).

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For those who will be staying at the hotel Pas de Calais - 59 rue des St Pères - see the map to go from the hotel to Sciences Po

On Friday, July 1st, dinner at La Ferme Saint-Simon - 6 rue de Saint-Simon, 75007 Paris


28 rue des St Pères Room H405 - How to get to the department (buiding H)

Friday, July 1:

09:00-10:00  Christian Hellwig (TSE): A Theory of Asset Prices Based on Heterogeneous Investor Beliefs and Limits to Arbitrage

10:00-11:00  Bruno Biais (TSE): Trading and Liquidity with Limited Cognition (with Johan Hombert and Pierre-Olivier Weill)

11:00-11:30  Break

11:30-12:30  Guillaume Rocheteau (UC Irvine): On the Coexistence of Money and Higher-Return Assets and its Social Role

12:30-14:00  Lunch

14:00-15:00  Francois Gourio (BU): Credit risk and disaster risk

15:00-16:00  Keyu Jin (LSE): Credit Constraints and Growth in a Global Economy (with Nicolas Coeurdacier and Stephane Guibaud)

16:00-16:30  Break

16:30-17:30  Xavier Ragot (Banque de France and PSE): Precautionary Saving over the Business Cycle (with Edouard Challe)

Saturday, July 2:

09:00-10:00  Dirk Krueger (U Penn): Intergenerational Redistribution in the Great Recession (with Andrew Glover and Jonathan Heathcote)

10:00-11:00 Peter Rupert (UCSB): Cyclical Residential Investment and Mortgages: An International Perspective

11:00-11:30  Break

11:30-12:30 Yann Algan (Sciences Po): Monetary Shocks Under Incomplete Markets (with Olivier Allais, Edouard Challe, Xavier Ragot)

12:30-14:00  Lunch

14:00-15:00  David Sraer (Princeton): The Risk-Shifting Hypothesis: Evidence from Subprime Originations (with Augustin Landier and David Thesmar)

15:00-16:00  Emmanuel Farhi (Harvard) : TBA

16:00-16:30  Break

16:30-17:30  Pierre-Olivier Gourinchas (Berkeley): Exorbitant Privilege and Exorbitant Duty (with Hélène Rey and Nicolas Govillot)