NYU Stern
INFORMATION FRICTIONS IN MACRO-ECONOMICS AND FINANCE
Friday April 2, 2010
A conference sponsored by the Salomon Center at NYU Stern
Organized by Stijn Van Nieuwerburgh and Laura Veldkamp, NYU Stern
 
8:30
Registration and Continental Breakfast
 
8:45
Introductory Remarks
 
9:00 - 12:30
SESSIONS ON HIGHER-ORDER BELIEFS
Chair: Michael Woodford, Columbia University
 
9:00 
"The More We Know, the Less We Agree" [Presentation]
Peter Kondor, The Central European University
   Discussant: Christian Hellwig, UCLA [Discussion]
 
10:00
"Trading Frenzies and Their Impact on Real Investment" [Presentation]
Itay Goldstein, University of Pennsylvania, Emre Ozdenoren, London Business School and CEPR, and Kathy Yuan, London School of Economics and CEPR
   Discussant: Allessandro Pavan, Northwestern University [Discussion]
 
11:00 
Refreshment Break
 
11:30 
"Public Information and Coordination: Evidence from a Credit Registry Expansion" [Presentation ]
Andrew Hertzberg, Columbia University, Jose Maria Liberti, DePaul University, and Daniel Paravisini, Columbia University and BREAD
   Discussant: Xavier Vives, IESE Business School [Discussion]
 
12:30 - 2:00
Lunch and Brief Remarks
"Information Choice in Macroeconomics and Finance" [Presentation]
Laura Veldkamp, New York University
 
2:00 - 5:30
SESSION ON LEARNING AND INFORMATION TRANSMISSION IN FINANCIAL MARKETS
Chair: Thomas J. Sargent, New York University
 
2:00 
"Asset Trading and Valuation with Uncertain Exposure" [Presentation]
Juan Carlos Hatchondo, Federal Reserve Bank of Richmond, Per Krusell, Princeton University, and Martin Schneider, Stanford University
   Discussant: Jiang Wang, Massachusetts Institute of Technology [Discussion ]
 
3:00
Refreshment Break
 
3:30 
"Decentralized Trading with Private Information" [Presentation]
Mikhail Golosov, Yale University and NES, Guido Lorenzoni, MIT and NBER, and Aleh Tsyvinski, Yale University and NES
   Discussant: Gustavo Manso, Massachusetts Institute of Technology [Discussion ]
 
4:30 
"What Ties Return Volatilities to Price Valuations and Fundamentals?" [Presentation ]
Alexander David, University of Calgary and Pietro Veronesi, University of Chicago, NBER and CEPR
   Discussant: Chris Sims, Princeton University [Discussion] 
 
6:30
Conference Dinner
  
 
Registration Details:
 
Attendance is free of charge but registration is required.
To register, please send an email to salomon@stern.nyu.edu before March 29, 2010.  Indicate your name and university/affiliation in your response.
   
 Conference Venue:
 New York University
Stern School of Business
Kaufman Management Center
Room 2-70
44 West Fourth Street
New York, NY  10012
   
Direction to Stern:
 
For directions, click here 
 
 
     
Program committee: 
  • Itamar Drechsler
  • Marcin Kacperczyk
  • Samuel Lee
  • Thomas Mertens
  • Emiliano Pagnotta
  • Stijn Van Nieuwerburgh
  • Laura Veldkamp