The 8th FARFE Conference and Seventh Ross Prize

MIT's Endicott House, 80 Haven Street, Dedham, MA 02026

Friday, October 7, 2022
6:00-7:30 Reception (Dining Room)
7:30-10:30 Dinner and Drinks (Living Room)
Saturday, October 8, 2022
7:30 - 8:30 Breakfast
Ross Prize Lecture - Chair: Nobu Kiyotaki, Princeton
8:30-9:00 Over-the-Counter Markets - Econometrica (2005): A Retrospective
Lasse Pedersen, Copenhagen (with Darrell Duffie and Nicolae Garleanu)
9:00-10:00 Search Theory of OTC Markets: Literature Review
Pierre-Olivier Weill, UCLA
10:00-10:30 Break
Structural Estimation of OTC Market Models - Chair: Bengt Holmström, MIT
10:30-11:15 Comparing Search and Intermediation Frictions across Markets
Semih Uslu, Johns Hopkins (with Gabor Pinter)
Discussant: Burton Hollifield, Carnegie
11:15-12:00 Search Frictions and Product Design in the Municipal Bond Market
Giulia Brancaccio, NYU (with Karam Kang)
Discussant: Alessandro Gavazza, LSE
12:00-1:30 Lunch (Living Room)
OTC Market Theory - Chair: Doug Diamond, Chicago
1:30-2:15 The Emergence of Market Structure
Maryam Farboodi, MIT (with Gregor Jarosch and Robert Shimer)
Discussant: Konstantin Milbradt, Northwestern
2:15-3:00 Why Trade Over the Counter?
Chaojun Wang, Wharton (with Tomy Lee)
Discussant: Christine Parlour, UC Berkeley
3:00-3:30 Break
Panel Discussion on Market Structure and Design
3:30-4:45 Panelists: Darrell Duffie, Stanford (moderator); Haoxiang Zhu, SEC (and MIT); Chester Spatt, Carnegie; Pete Kyle, Maryland
4:45-5:00 Break
5:00-6:00 FARFE Annual Members Meeting
6:00-7:30 Reception (Gun Room)
7:30-10:30 Dinner and Drinks (Living Room)

Organizers: Adriano Rampini and Pierre-Olivier Weill, with Darrell Duffie, Nicolae Garleanu, Lasse Pedersen, Isil Erel, Joao Gomes, Leonid Kogan, Chester Spatt, and Stavros Panageas