| Tuesday, February 5 |
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6 p.m.
|
Welcome Reception
|
|
7 p.m.
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Dinner
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Wednesday, February 6
Microeconomic and Social Perspectives on Household Balance Sheets |
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8 a.m.
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Breakfast
|
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8:30 a.m.
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Welcome
Julie Stackhouse, Federal Reserve Bank of St. Louis
video
Michael Sherraden, Washington University in St. Louis
video
|
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8:45 a.m.
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The St. Louis Fed's Household Financial Stability Research Initiative
Ray Boshara, Federal Reserve Bank of St. Louis
slides
| video
|
|
9:00 a.m.
|
Session One – Household Balance Sheets:
Status and Perspectives
- The Current State of U.S. Household Balance Sheets
John Sabelhaus, Kevin Moore and Paul Smith, Board of Governors, Federal Reserve System
slides
| paper
| video
- Why Did So Many Economically Vulnerable Families Enter the Crisis With Risky Balance Sheets?
William Emmons and Bryan Noeth, Federal Reserve Bank of St. Louis
slides
| paper
| video
Discussant:
Karen Pence, Board of Governors, Federal Reserve System
slides
Moderator:
Jim Fuchs, Federal Reserve Bank of St. Louis
video
Session One Q&A
video
|
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10:30 a.m.
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Break
|
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11:00 a.m.
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Session Two – Household Balance Sheets:
Homeownership and Retirement Security
- The Effects of Health and Wealth Shocks on Retirement Decisions
Dalton Conley and Jason Thompson, New York University
slides
| paper
| video
- Homeownership, the Great Recession, and Wealth: Evidence from the Survey of Consumer Finance
slides
| paper
Michal Grinstein-Weiss, Washington University in St. Louis
video
Clinton Key, University of North Carolina at Chapel Hill
video
Discussant:
J. Michael Collins, University of Wisconsin
slides
| video
Moderator:
Yvonne Sparks, Federal Reserve Bank of St. Louis
video
Session Two Q&A
video
|
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12:30 p.m.
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Lunch
|
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1:15 p.m.
|
Keynote Address
Introduction
Ray Boshara, Federal Reserve Bank of St. Louis
video
Keynote
Michael Barr, University of Michigan Law School; formerly Assistant Secretary for Financial Institutions,
U.S. Department of the Treasury
slides
| video
|
|
2:15 p.m.
|
Session Three – Household Balance Sheets:
Education and Social Development
- Student Loans, Net Worth, and the Long-Term Financial Health of Households
William Elliott and Ilsung Nam, University of Kansas
paper
- An Experimental Test of Child Development Accounts on Early Social-Emotional Development
Jin Huang, St. Louis University
Michael Sherraden, Washington University in St. Louis
Youngmi Kim, Virginia Commonwealth University
Margaret Clancy, Washington University in St. Louis
slides
| video
Discussant:
Robert Pollak, Washington University in St. Louis
slides
| video
Moderator:
Yvonne Sparks, Federal Reserve Bank of St. Louis
Session Three Q&A
video
|
|
3:45 p.m.
|
Break
|
|
4:15 p.m.
|
Research Roundtables on Household Balance Sheets
Concurrent Research Roundtables I
- Saving and Portfolio Allocation Before and After Job Loss
Christoph Basten, ETH Zurich
Andreas Fagereng and Kjetil Telle, Statistics Norway
slides
| paper
- How Financial Innovations and Accelerators Drive Booms and Busts in U.S. Consumption
John V. Duca, Federal Reserve Bank of Dallas and Southern Methodist University
John Muellbauer, University of Oxford
Anthony Murphy, Federal Reserve Bank of Dallas
slides
| paper
Discussant and Moderator:
Carlos Garriga, Federal Reserve Bank of St. Louis
Concurrent Research Roundtables II
- Household Balance Sheet Rebuilding After the Housing Bust and Great Recession: Evidence from Panel Data
Daniel Cooper, Federal Reserve Bank of Boston
slides
- The Balancing Act: Valuing Human Capital To Offset Student Loan Debt
Matthew B. Gross and Alexandra M. Rock, Board of Governors, Federal Reserve System
Jeanne M. Hogarth, formerly Board of Governors, Federal Reserve System
slides
| paper
- Is Household Wealth Sustainable? An Examination of Asset Poverty Re-entry After an Exit
Tammy Leonard, University of Texas at Dallas
Wenhua Di, Federal Reserve Bank of Dallas
slides
Discussant and Moderator:
Reid Cramer, New America Foundation
|
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5:30 p.m.
|
Reception / Dinner
|
|
7:00 p.m.
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Evening Keynote Address
Introduction
Christopher Waller, Federal Reserve Bank of St. Louis
video
Keynote
Christopher Carroll, Johns Hopkins University
slides
| video
|
Thursday, February 7
Macroeconomic and Policy Perspectives on Household Balance Sheets |
|
8 a.m.
|
Breakfast
|
|
8:30 a.m.
|
Breakfast Keynote Address
Introduction
James Bullard, Federal Reserve Bank of St. Louis
video
Keynote
Governor Jeremy Stein, Board of Governors, Federal Reserve System
slides
| video
Keynote Q&A
video
|
|
9:30 a.m.
|
Break
|
|
10:00 a.m.
|
Session Four – Household Balance Sheets:
Deleveraging and Economic Growth
- What's Driving Deleveraging? Evidence from the 2007-2009 Survey of Consumer Finances
Karen Dynan, Brookings Institution
Wendy Edelberg, Congressional Budget Office
slides | video
Discussant:
John Krainer, Federal Reserve Bank of San Francisco
slides
| video
Session Four, Part One Q&A
video
- Household Balance Sheets, Consumption, and the Economic Slump
Atif R. Mian, Princeton University
Kamalesh Rao, Spending Pulse, MasterCard Advisors
Amir Sufi, University of Chicago
slides
| paper
| video
Discussant:
Brian Melzer, Northwestern University
slides
| video
Session Four, Part Two Q&A
video
Moderator:
Daniel Davis, Federal Reserve Bank of St. Louis
video
|
|
Noon
|
Lunch
|
|
12:30 p.m.
|
Closing Plenary – Facilitated Panel Discussion:
Household Balance Sheets and Economic Growth
Panel Discussion
Panelists:
- David Buchholz, Board of Governors, Federal Reserve System
video
- Steven Fazzari, Washington University in St. Louis
video
- Deniz Igan, International Monetary Fund
video
Discussant:
Barry Cynamon, Federal Reserve Bank of St. Louis
video
Moderator:
Daniel Davis, Federal Reserve Bank of St. Louis
Closing Plenary Q&A
video
|
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2:00 p.m.
|
Adjourn
Ray Boshara, Federal Reserve Bank of St. Louis
video
|
