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Presented By: Department of Economics

6TH UNIVERSITY OF MICHIGAN ECONOMICS AND FINANCE DAY

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Sponsored by:
Finance Department, Ross School of Business
Department of Economics’ Ferrante Financial Markets Fund

Organizers: Robert Dittmar, John Laitner, Stefan Nagel, and Nejat Seyhun

PROGRAM

1:10 p.m. Welcome

1:15 p.m. Julio Blanco and Gaston Navarro
"The Unemployment Accelerator"
Discussant: Toni Whited

1:55 p.m. Igor Goncharov, Vasso Ioannidou, and Martin Schmalz
"Do Central Banks Try to Avoid Losses? Why? And Does it Matter for Policy?"
Discussant: John Leahy

2:35 p.m. Break

2:50 p.m. Jeffrey Hoopes, Patrick Langetieg, Stefan Nagel, Daniel Reck, Joel Slemrod, and Bryan Stuart
"Who Sold During the Crash of 2008-9? Evidence from Tax-Return Data on Daily Sales of Stock."
Discussant: Tyler Shumway

3:30 p.m. Sumanto Basu, Sreyoshi Das, George Michailidis, and Amiyatosh Purnanandam
"A System-wide Approach to Measure Connectivity in the Financial Sector"
Discussant: Andreas Hagemann

4:10 p.m. Break

4:25 p.m. Invited Speaker: Fernando Alvarez, University of Chicago, and Gadi Barlevy, Federal Reserve of Chicago
"Mandatory Disclosure and Financial Contagion"

5:30-7:00 pm Reception for faculty and Ph.D. students, Robertson Auditorium
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