Macro Finance Reading Group

Welcome to the home page of the Macro-Finance Reading Group at MIT



SPRING 2016

I. Organization

Organizers:      Alp Simsek and Erik Loualiche

Meeting time:    Wednesdays 9am-10am 
Location:        E52-324

You can view the schedule in google calendar or add it to your own calendar

Download the syllabus here



II. Program

1. International Finance (and MacroAggregate Demand Shortages

  - February 10: Global Imbalances and Currency Wars at the ZLB 
                 Caballero, Farhi and Gourinchas (2015) 
                 discussed by Sebastien Fanelli

  - February 17: Unemployment Insurance in Macroeconomic Stabilization
                 Kekre (2015)
                 discussed by Masao Fukui

  - February 24: Credit Constraints and Growth in a Global Economy
                 Coeurdacier, Guibaud and Jin (2015 AER 105)
                 discussed by Ludwig Straub


2. Financial Frictions and Crises

  - March 2:     Deadly Embrace: Sovereign and Financial Balance Sheet Doom Loops
                 Farhi and Tirole (2015)
                 discussed by Nathan Zorzi


3. Asset Pricing with Frictions

  - March 9:     Concentrated Ownership and Equilibrium Asset Prices
                 Haddad (2015)
                 A Macroeconomic Model with a Financial Sector
                 Brunnermeier and Sannikov (2014 AER 104)
                 discussed by Maarten Meeuwis                 

  - March 16:    Intermediary Asset Pricing: New Evidence from Many Asset Classes
                 He, Kelly and Manela (2015)
                 Dynamic Leverage Asset Pricing
                 Adrian, Moench and Shin (2015)
                 discussed by Anton Petukhov                 

  - March 30:    A Model of the Reserve Asset
                 He, Krishnamurthy and Milbradt (2015)
                 discussed by Valère Fourel                 

  
4. Behavioral Macroeconomics

  - April 6:     Behavioral Macroeconomics Via Sparse Dynamic Programming
                 Gabaix (2016)
                 discussed by Chen Lian                 


5. Housing and the Macroeconomy 

  - April 13:    Household Debt and Business Cycles Worldwide
                 Mian, Sufi, and Verner (2015)
                 The Great Mortgaging: Housing Finance, Crises, and Business Cycles
                 Jordà, Schularick and Taylor (2014)
                 discussed by Victor Duarte                 

  - April 20:    Monetary Policy Pass-Through: Household Consumption and Voluntary Deleveraging
                 Di Maggio, Kermani and Ramcharan (2015)
                 discussed by Alan Kevin Olivi                 

  - April 27:    The Mortgage Credit Channel of Macroeconomic Transmission
                 Greenwald (2016)
                 Betting the House
                 Jordà, Schularick and Taylor (2015 Journal of International Economics)
                 discussed by Yueran Ma                 
                 
  - May 4:       Mortgage Refinancing, Consumer Spending, and Competition: 
                 Evidence from the Home Affordable Refinancing Program
                 Agarwal, Amromin, Chomsisengphet, Piskorski, Seru and Yao (2015)
                 discussed by Greg Howard and Jack Liebersohn