Programme

9:30 – 9:50

Registration

9:50 – 10:00

Welcome by Rafael Repullo (CEMFI)

10:00 – 11:30

Amir Yaron (University of Pennsylvania)
An Empirical Evaluation of the Long-Run Risks Model for Asset Prices (joint with Dana Kiku and Ravi Bansal)
Discussant: Francisco Peñaranda  (UPF)

11:30 – 12:00

Coffee break

12:00 – 13:30

Benoit Mojon (Banque de France)
Fuzzy Capital Requirements, Risk-Shifting and the Risk Taking Channel of Monetary Policy (joint with Simon Dubecq and Xavier Ragot)
Discussant: Miguel Cantillo (IESE)

13:30 – 14:45

Lunch

14:45 – 16:15

John Moore (University of Edinburgh and London School of Economics)
Contagious Illiquidity
Discussant: Rafael Repullo (CEMFI)

16:15 – 16:45

Coffee break

16:45 – 18:15

Wei Xiong (Princeton University)
Dynamic Debt Runs (joint with Zhiguo He)
Discussant: Max Bruche (CEMFI)

18:15 – 18:30

Break

18:30 – 20:00

Panel Discussion on “Liquidity Regulation"
Chair: David Webb (London School of Economics)

Speakers:
Andy Haldane (Bank of England)
José María Roldán (Bank of Spain)
Javier Suarez (CEMFI)

21:00

Dinner