Beyond Liquidity: Modeling Frictions in Finance and Macroeconomics Conference

May 9-10, 2008 - Gleacher Center

Beyond Liquidity: Modeling Frictions in Finance and Macroeconomics Conference is a small conference on financial frictions and their impact on both financial markets and real economies is proposed.

Financial market crises have the potential to harm the real economy, as suggested by both recent and historical experience. A characteristic feature of these crisis episodes is that prices of risky assets can sizably deviate from their values in a frictionless Arrow-Debreu benchmark. This is often interpreted as the symptom of frictions in financial markets, such as search costs, agency problems, financial constraints, informational asymmetries. These frictions, in turns, may drive distortions in savings, investment and economic activity.

Conference attendance is by invitation only.

Goal

The aim of this conference is to bring together researchers from both finance and macroeconomics sharing an interest in understanding financial frictions and their real effects. It will be an occasion to meet, discuss, and exchange ideas across fields.

View list of 2008 conference participants.

Schedule

This two-day conference is sponsored by the Initiative on Global Markets and the Graduate School of Business of the University of Chicago. View the schedule online or download in PDF format.

Questions

Conference Organizers:Veronica Guerrieri and Peter Kondor
Staff contact: Janice Luce, 773.702.1235, janice.luce@chicagogsb.edu