John Krainer, Discussant, What's Driving Deleveraging? Evidence from the 2007-2009 Survey of Consumer Finances

February 5-7, 2013 | St. Louis Mo.

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Welcome
   Julie Stackhouse (4:19)
   Michael Sherraden (7:42)


The St. Louis Fed's Household Financial Stability Research Initiative
   Ray Boshara (9:08)


Session One – Household Balance Sheets: Status and Perspectives
- The Current State of U.S. Household Balance Sheets
   John Sabelhaus, Kevin Moore and Paul Smith (22:09)

- Why Did So Many Economically Vulnerable Families Enter the Crisis With Risky Balance Sheets?
   William Emmons and Bryan Noeth (22:31)

   Session One Moderator: Jim Fuchs (4:16)
   Session One Q&A (25:28)


Session Two – Household Balance Sheets: Homeownership and Retirement Security
- The Effects of Health and Wealth Shocks on Retirement Decisions
   Dalton Conley and Jason Thompson (19:12)

- Homeownership, the Great Recession, and Wealth: Evidence from the Survey of Consumer Finance
   Michal Grinstein-Weiss (7:22)
   Clinton Key (11:47)

   Session Two Discussant: J. Michael Collins (19:50)
   Session Two Moderator: Yvonne Sparks (2:29)
   Session Two Q&A (19:41)


Keynote
   Introduction: Ray Boshara (4:21)
   Keynote: Michael Barr (56:23)


Session Three – Household Balance Sheets: Education and Social Development
- An Experimental Test of Child Development Accounts on Early Social-Emotional Development
   Jin Huang, Michael Sherraden, Youngmi Kim and Margaret Clancy (18:18)
   Session Three Discussant: Robert Pollak (19:37)
   Session Three Q&A (26:45)


Evening Keynote Address
   Introduction: Christopher Waller (3:06)
   Keynote: Christopher Carroll (1:02:19)

February 7, 2013

Breakfast Keynote Address
   Introduction: James Bullard (3:30)
   Keynote: Governor Jeremy Stein (46:29)
   Keynote Q&A (11:22)


Session Four – Household Balance Sheets: Deleveraging and Economic Growth
- What's Driving Deleveraging? Evidence from the 2007-2009 Survey of Consumer Finances
   Karen Dynan and Wendy Edelberg (22:08)
  Session Four, Part 1 Discussant: John Krainer (20:16)
   Session Four, Part 1 Q&A (14:47)

- Household Balance Sheets, Consumption, and the Economic Slump
   Atif R. Mian, Kamalesh Rao and Amir Sufi (21:57)
   Session Four, Part 2 Discussant: Brian Melzer (18:51)
   Session Four, Part 2 Q&A (15:44)

   Session Four Moderator: Daniel Davis (2:14)


Closing Plenary – Facilitated Panel Discussion: Household Balance Sheets and Economic Growth
   Panelist: David Buchholz (10:24)
   Panelist: Steven Fazzari (11:41)
   Panelist: Deniz Igan (12:13)
   Discussant: Barry Cynamon (20:03)
   Panel Discussion Q&A (27:29)


Adjourn
   Ray Boshara (2:09)