| 
                 
                
                  |  8:45 a.m.  | 
                   Continental breakfast  | 
                 
                
                   | 
                 
                
                  |  9:15 a.m.  | 
                  Margin-Based Asset Pricing and Deviations from the Law of One Price   
                     Nicolae Garleanu, University of California, Berkeley  Lasse Pedersen, New York University  
                     Discussant: Ernst Schaumburg, Federal Reserve Bank of New York   | 
                 
                
                   | 
                 
                
                  |  10:15 a.m.  | 
                  
                      Coffee break   | 
                 
                
                   | 
                 
                
                  |  10:35 a.m.  | 
                  
                     Household Leverage and the Recession   
                       Virgiliu Midrigan, New York University Thomas Philippon, New York University  
                      Discussant: Andrea Ferrero, Federal Reserve Bank of New York   | 
                 
                
                   | 
                 
                
                  |  11:35 a.m.  | 
                  
                      Coffee break   | 
                 
                
                   | 
                 
                
                  |  11:55 a.m. | 
                  Repo Runs   
                     Antoine Martin, David Skeie, Federal Reserve Bank of New York  Ernst-Ludwig von Thadden, University of Mannheim  
                      Discussant: Todd Keister, Federal Reserve Bank of New York | 
                 
                
                   | 
                 
                
                  |  12:55 p.m. | 
                  
                      Lunch 
                    | 
                 
                
                   | 
                   | 
                 
                
                  |  2:15 p.m.  | 
                  The Great Diversification and its Undoing     
                     Vasco Carvalho, University Pompeu Fabra Xavier Gabaix, New York University 
                      Discussant: Mark Watson, Princeton University | 
                 
                
                   | 
                   | 
                 
                
                  | 3:15 p.m. | 
                  Coffee break  | 
                 
                
                   | 
                   | 
                 
                
                  | 3:45 p.m.  | 
                  Monetary Policy Strategy: Lessons from the Crisis   
                     Frederic Mishkin, Columbia University  
                      Commentators: Christopher Sims, Princeton University Michael Woodford, Columbia University | 
                 
                
                   | 
                   | 
                 
                
                  |  5:00 p.m.  | 
                  
                     Adjourn   | 
                 
                
                   | 
                   | 
                 
               
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