2024 MFR Program Summer Session for Young Scholars
The Macro Finance Research Program (MFR), under the auspices of The Becker Friedman Institute (BFI) at The University of Chicago, will be organizing a summer session for PhD students looking to write a dissertation at the interplay of macroeconomics and finance.
The MFR Summer Session will be a 4-day program held on August 5-8, 2024, hosted at The University of Chicago. Local housing accommodations and travel costs will be covered by MFR for the duration of the summer session for selected participants.
The MFR Program is led by Professor Lars Peter Hansen, The David Rockefeller Distinguished Service Professor in Economics, Statistics, and The Booth School of Business at The University of Chicago, who is also the recipient of the 2013 Nobel Prize in Economics. Throughout the four days of this summer session, faculty from The University of Chicago will survey and discuss recent research on a variety of topics in the macro-finance field.
The program will feature opportunities for advanced PhD students to present their current research during structured poster sessions.
The 2024 MFR Summer Session for Young Scholars is generously funded by Edward R. Allen, AM ’85, PhD ’92.
Read the 2022 MFR Summer Session Event Summary here.
If you have any questions, please direct them to mfrinfo@uchicago.edu.
Survey Monkey link for student participants
Agenda
Registration & Breakfast
Welcome Remarks
Lars Peter Hansen, David Rockefeller Distinguished Service Professor in Economics, Statistics, Booth School of Business, The University of Chicago
"How Bond-Market Intermediation Capacity Impinges on the Safe Haven Role of US Treasuries"
Darrell Duffie, The Adams Distinguished Professor of Management and Professor of Finance, Stanford University
Discussion
Break
On Digital Currencies
Harald Uhlig, The Bruce Allen and Barbara Ritzenthaler Professor in Economics and the College, The University of Chicago
Discussion
Lunch
Young Scholars Poster Session
Shirui “Suri” Chen, “The Impact of Bankruptcy Efficiency on Macroeconomic outputs in an Intangible Economy”
Theodore Naff, “State Dependent Dynamics in Credit and Labor Markets”
Eric Offner, “The Cash Flow Duration Channel of Monetary Policy”
Pablo Sanchez, “Mortgage Lock-In Effect and Housing Prices: Implications for Monetary Policy”
Sixun Tang, “Financing Constraint, Defensive Action and Firm Innovation”
Tai Lo Yeung, “Asymmetric Labor Income Uncertainty: Implications for Risk-Taking in Financial Markets”
Judy Yue, “Credit Allocation and Commercial Real Estate Price Fluctuations”
How Much Does It Cost For Firms to Switch Banks?
Anil Kashyap, CBE, Stevens Distinguished Service Professor of Economics and Finance, University of Chicago Booth School of Business
Break
Writing Session
John Cochrane, the Rose-Marie and Jack Anderson Senior Fellow of the Hoover Institution at Stanford University, Senior Fellow of the Stanford Institute for Economic Policy Research (SIEPR), Professor of Finance and Economics (by Courtesy) at Stanford GSB, a Research Associate of the National Bureau of Economic Research, and an Adjunct Scholar of the CATO Institute
Discussion
Conference Adjourns
Conference Dinner
Registration & Breakfast
"Intangible Capital"
Andrea Eisfeldt, Laurence D. and Lori W. Fink Endowed Chair in Finance, National Bureau of Economic Research Associate, UCLA Anderson School of Management
Discussion
Break
"Debt Contracts of Nonfinancial Firms"
Yueran Ma, Associate Professor of Finance and Fama Faculty Fellow, The University of Chicago Booth School of Business
Discussion
Lunch
Young Scholars Poster Session
Carlos Bolivar, “Debt Sustainability, Confidence Risk and International Reserves”
Giovanni Bonfanti, “Convenience Yields in Euros: Investment Mandates and Conditional QE”
Naomi Cohen, “International Risk-Sharing and Inequality Transmission: An Application to the Euro Area”
Luigi Falasconi, “The Foreign Liability Channel of Bank Capital Requirements”
Mian Liu, “Financial Covenants, Contract Indexation, and Business Fluctuations”
Tianshu Lyu, “Taking the Road Less Traveled? Market Misreaction and Firm Innovation Directions”
Clara Chi Xu, “Bank Funding to Nonbank Financiers: Risk Sharing or Regulatory Arbitrage?”
"Theories of Inflation Focusing on Fiscal Theory of the Price Level"
John Cochrane, the Rose-Marie and Jack Anderson Senior Fellow of the Hoover Institution at Stanford University, Senior Fellow of the Stanford Institute for Economic Policy Research (SIEPR), Professor of Finance and Economics (by Courtesy) at Stanford GSB, a Research Associate of the National Bureau of Economic Research, and an Adjunct Scholar of the CATO Institute
Discussion
Break
"Uncertainty, Social Valuation, and Climate Change Policy"
Lars Peter Hansen, David Rockefeller Distinguished Service Professor in Economics, Statistics, Booth School of Business, The University of Chicago
Discussion
Conference Adjourns
Registration & Breakfast
"The Market Macrostructure of International Finance"
Valentin Haddad, Associate Professor of Finance, UCLA Anderson School of Management
Discussion
Break
"Subjective Beliefs in Asset Pricing"
Stefan Nagel, Fama Family Distinguished Service Professor of Finance, The University of Chicago Booth School of Business
Discussion
Lunch
Young Scholars Poster Session
Firmin Ayivodji, “Can Media Narratives Predict House Price Movements?”
Thomas Bourany, “The Optimal Design of Climate Agreement Inequality, Trade and Incentives for Climate Policy”
Songrun He, “Fundamentals of Perpetual Futures”
Christian Kontz, “The Real Cost of Benchmarking”
Olivia Lattus, “Decomposing Crop Loss: The Role of Subsidies and Market Price Uncertainty”
Kosha Modi, “The Perceived Sources of Unexpected Inflation”
Laura Nicolae, “The Effect of Inflation Indexation on Employment: Evidence from Belgium”
"Monetary Policy and Asset Prices"
Carolin Pflueger, Associate Professor at the Harris School of Public Policy, National Bureau of Economic Research (NBER) Faculty Research Fellow, and Centre for Economic and Policy Research (CEPR) Affiliate
Discussion
Break
"Demand Elasticities in Dynamic Asset Pricing"
Zhiguo He, James Irvin Miller Professor of Finance, Graduate School of Business, Stanford University
Discussion
Conference Adjourns
Conference Dinner
Registration & Breakfast
"Inequality in Finance and Macroeconomics"
Amir Sufi, Bruce Lindsay Distinguished Service Professor of Economics and Public Policy, The University of Chicago Booth School of Business
Discussion
Break
"Mean Field Games in Macroeconomics"
Fernando Alvarez, The Charles F. Gray Distinguished Service Professor in Economics and the College, the Kenneth C. Griffin Department of Economics, University of Chicago
Discussion
Lunch and Closing Remarks
Lars Peter Hansen, David Rockefeller Distinguished Service Professor in Economics, Statistics, Booth School of Business, The University of Chicago