Financial Frictions, Zombie Firms and the Macroeconomy
Dates
Monday 13 March
Times
08:30 - 16:15
Location
Wadham College
Summary
The workshop will feature participants from academics and policy makers with presentations of ongoing projects and recent research papers related to firm dynamics, bank lending, monetary policy and macroeconomic conditions with a focus on firm productivity and credit market frictions. Jointly organised by Wadham College, the Department of Economics, the Bank of England, and Waseda University. Open to the whole Wadham community.
Booking
Potential participants can book lunch at this link but everyone is welcome to attend sessions without booking for lunch.
08:30 - 09:20
Zombie Lending to U.S. Firms (Ander Perez-Orive)
Discussant: Aakriti Mathur
09:20 - 10:10
Evergreening (Pascal Paul)
Discussant: Hanbeak Lee
10:10 - 10:25
Break
10:25 - 11:15
How Does Competition Affect Zombie Firms? (Angela De Martiis)
Discussant: Gabor Pinter
11:15 - 12:05
Credit Market Tightness and the Zombie Firm Share (Philip Schnattinger)
Discussant: Martina Fazio
12:05 - 13:30
Lunch
13:30 - 14:20
Firm Heterogeneity, Captical Misallocation and Optimal Monetary Policy (Dominik Thaler)
Discussant: Francesco Manaresi
14:20 - 15:10
Corporate Debt Maturity Matters For Monetary Policy (Timo Reinelt)
Discussant: Toshihiro Okubo
15:10 - 15:20
Break
15:25 - 16:15
Pandemic Lending: Micro and Macro Effects of Model-Based Regulation (Franco Fiordelisi)
Discussant: Xuan Wang