Finance and Development
| When: | May 20, 2009: 1:30 pm - 5:15 pm (PLEASE NOTE SCHEDULE CHANGE) May 21, 2009: 8:30 am - 1:30 pm |
| Location: | The Federal Reserve Bank of Chicago 230 South LaSalle St., Chicago IL |
| Organizers: | Lars Hansen (University of Chicago) Robert Townsend (MIT) |
| Sponsors: | The Milton Friedman Institute for Research in Economics (MFI) The Consortium on Financial Systems and Poverty at the University of Chicago The Federal Reserve Bank of Chicago |
Day 1: Wednesday, May 20
| 1:30 - 2:10 pm | Paco Buera (UCLA) "The Dynamics of Reforms: Productivity Growth and Capital Flows"  (with Yongseok Shin, Washington University at St. Louis) |
| 2:10 - 2:20 pm | Discussant: John Heaton (University of Chicago) |
| 2:20 - 2:30 pm | Open Discussion |
| 2:30 - 2:45 pm | Break |
| 2:45 - 3:25 pm | Anne Villamil (University of Illinois, Urbana-Champaign) "Entrepreneurs, Legal Institutions and Firm Dynamics" (with Neus Herranz (University of Illinois, Urbana-Champaign) and Stefan Krasa (University of Illinois, Urbana-Champaign)) |
| 3:25 - 3:35 pm |
Discussant: Mariacristina De Nardi (Federal Reserve Bank of Chicago) |
| 3:35 - 3:45 pm | Open Discussion |
| 3:45 - 4:15 pm | Break |
| 4:15 - 4:55 pm | James Tybout (Pennsylvania State University) "Credit Rationing, Macro Volatility, and Industrial Evolution in Developing Countries" (with Eric Bond (Vanderbilt University) and Hâle Utar (University of Colorado, Boulder)) |
| 4:55 - 5:05 pm | Discussant: Gregor Matvos (University of Chicago) |
| 5:05 - 5:15 pm | Open Discussion |
Day 2: Thursday, May 21
| 8:30 - 9:10 am |
Adair Morse (University of Chicago) "Information Disclosure, Cognitive Biases and Payday Borrowing" (with Marianne Bertrand, University of Chicago) |
| 9:10 - 9:20 am | Discussant: Tavneet Suri (MIT) |
| 9:20 - 9:30 am | Open Discussion |
| 9:30 - 10:00 am | Break |
| 10:00 - 10:40 am | Krislert Samphantharak (University of California, San Diego) "Risk and Return in Village Economies" (with Robert M. Townsend, MIT) |
| 10:40 - 10:50 am | Discussant: Juhani T. Linnainmaa (University of Chicago) |
| 10:50 - 11:00 am | Open Discussion |
| 11:00 - 11:30 am | Break |
| 11:30 - 12:10 pm | Chris Woodruff (University of California, San Diego) "Measuring Marginal Returns in Microenterprises, Experimentally" (with Suresh de Mel (University of Peradeniya) and David McKenzie (World Bank)) |
| 12:10 - 12:20 pm | Discussant: Hoyt Bleakley (University of Chicago) |
| 12:20 - 12:30 pm | Open Discussion |
| 12:30 - 1:30 pm | Lunch |
