Stock Market Wealth and Entrepreneurship

Gabriel Chodorow-Reich¹, Plamen Nenov^2,3, Vitor Santos³, Alp Simsek⁴

¹Harvard University; ²Norges Bank; ³BI Norwegian Business School; ⁴Yale University

Discussant: Daniel Wolfenzon (Columbia University)

The Banker in Your Social Network

Samuli Knüpfer¹, Elias Rantapuska¹, Theresa Spickers²

¹Aalto University; ²University of Amsterdam

Discussant: Noah Stoffman (Indiana University)

(Not) Anticipating Predictable Inheritances

Erkki Johannes Vihriälä¹, Tuomo Virkola²

¹Aalto University School of Business; ²VATT Institute for Economic Research

Discussant: Akash Raja (Copenhagen Business School)

The Effects of the QSBS Exemption on Entrepreneurship and Innovation

Jun Chen¹, Joan Farre-Mensa²

¹Renmin University of China; ²University of Illinois Chicago

Discussant: Alexander Reifschneider (Halle Institute for Economic Research (IWH))

Labor Market Polarization and Student Debt

Sanket Korgaonkar¹, Elena Loutskina¹, Constantine Yannelis²

¹University of Virginia; ²University of Chicago

Discussant: Tim Liu (University of Utah)

The Effect of Student Loans on Entrepreneurial Firm Risk-taking, Performance, and Access to Venture Capital with Implications for the Biden Administration's Student Loan Forgiveness Program

Harshit Rajaiya¹, Tom Chemmanur², Karthik Krishnan³, Pinshuo Wang⁴

¹University of Ottawa, Canada; ²Boston college; ³Northeastern University; ⁴University of South Florida

Discussant: Ekaterina Gavrilova (Nova School of Business and Economics)

Entry and Exit in Treasury Auctions

Jason Allen¹, Ali Hortacscu², Eric Richert³, Milena Wittwer⁴

¹Bank of Canada; ²Univeristy of Chicago; ³Univeristy of Chicago; ⁴Boston College

Discussant: Pietro Bonaldi (Carnegie Mellon University)

Dealer Capacity and U.S. Treasury Market Functionality

Darrell Duffie¹, Michael Fleming², Frank Keane², Claire Nelson³, Or Shachar², Peter Van Tassel⁴

¹Stanford University; ²Federal Reserve Bank of New York; ³Princeton University; ⁴Independent

Discussant: Maria Chaderina (University of Oregon)

LTCM Redux? Hedge Fund Treasury Trading and Funding Fragility

Mathias Kruttli¹, Phillip Monin², Lubomir Petrasek², Sumudu Watugala¹

¹Indiana University, United States of America; ²Federal Reserve Board of Governors, United States of America

Discussant: Matthias Fleckenstein (University of Delaware)

The Central Bank's Balance Sheet and Treasury Market Disruptions

Adrien d Avernas¹, Quentin Vandeweyer², Damon Petersen³

¹Stockholm School of Economics, Sweden; ²Chicago Booth; ³MIT

Discussant: Amy Huber (The Wharton School)

Financially Constrained Intermediaries and the International Pass-Through of Monetary Policy

Xiaoliang Wang

HKUST, Hong Kong S.A.R. (China)

Discussant: Xiang Fang (University of Hong Kong)

Mortgage Lock-In, Mobility, and Labor Reallocation

Julia Fonseca¹, Lu Liu²

¹UIUC; ²The Wharton School, University of Pennsylvania

Discussant: Eric Hardy (Fannie Mae)

The Digital Divide and Refinancing Inequality

Edward T. Kim

University of Michigan

Discussant: Charlotte Haendler (Southern Methodist University)

Refinancing Frictions, Mortgage Pricing and Redistribution

Konstantin Milbradt¹, Fabrice Tourre², David Berger³, Joseph Vavra⁴

¹Kellogg School of Management, Northwestern University, USA; ²Baruch College, CUNY, USA; ³Duke University, USA; ⁴Booth School of Business, University of Chicago, USA

Discussant: Nicolae Garleanu (Washington University in St. Louis)

Interest-Rate Risk And Household Portfolio

Sylvain Catherine², Max Miller¹, James Paron², Natasha Sarin³

¹Harvard Business School, United States of America; ²Wharton; ³Yale

Discussant: Matteo Leombroni (Boston College)

How Do Consumers Finance Increased Retirement Savings?

Taha Choukhmane, Christopher Palmer

MIT Sloan, United States of America

Discussant: Paolina Medina (University of Houston)

Borrow Now, Pay Even Later: A Quantitative Analysis of Student Debt Payment Plans

Nuno Clara¹, Francisco Gomes², Michael Boutros³

¹Duke University; ²London Business School; ³Bank of Canada

Discussant: Constantine Yannelis (University of Chicago)

Extrapolators and Contrarians: Forecast Bias and Household Stock Trading

Steffen Andersen¹, Stephen G. Dimmock², Kasper Meisner Nielsen¹, Kim Peijnenburg³

¹Copenhagen Business School; ²National University of Singapore; ³EDHEC Business School, France

Discussant: Cameron Peng (London School of Economics)

Financial Advisors and Investors’ Bias

Marianne Andries¹, Maxime Bonelli², David Sraer³

¹University of Southern California; ²London Business School; ³university of California, Berkeley

Discussant: Alessandro Previtero (Indiana University)

Households' Response to the Wealth Effects of Inflation

Philip Schnorpfeil¹, Michael Weber², Andreas Hackethal¹

¹Goethe University Frankfurt; ²University of Chicago

Discussant: João Cocco (London Business School)

The Financial Origins Of Regional Inequality

Anne Beck¹, Sebastian Dörr²

¹World Bank, United States of America; ²Bank for International Settlements, Switzerland

Discussant: Yaniv Grinstein (Reichman University)

The Price Of Leverage: Learning From The Effect Of LTV Constraints On Job Search And Wages

Gazi Kabas¹, Kasper Roszbach²

¹Tilburg University; ²Norges Bank

Discussant: Hyunseob Kim (Federal Reserve Bank of Chicago)

Escaping Violent Death: Access to Credit and Female Mortality

Janis Skrastins¹, Bernardus van Doornik², David Schoenherr³

¹Washington University in St. Louis, United States of America; ²Central Bank of Brazil; ³Princeton University

Discussant: Maria Boutchkova (The University of Edinburgh)