Session 5:

Chair: Philipp Hartmann, European Central Bank

Monetary policy without commitment
Hassan Afrouzi, Columbia University
Marina Halac, Yale University
Kenneth S. Rogoff, Harvard University
Pierre Yared*, Columbia University
Discussant: Albert Marcet, CREI and Universitat Pompeu Fabra

The secular decline of bank balance sheet lending
Greg Buchak, Stanford University
Gregor Matvos, Northwestern University
Tomasz Piskorski, Columbia University
Amit Seru*, Stanford University
Discussant: Neeltje van Horen, Bank of England and University of Amsterdam

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