The 3rd Conference on

Law & Macroeconomics


October 15th, 2020



Program (.pdf)


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Program

Session 1

1A. Featured Panel: Climate Change and International Governance
Panel Chair/Moderator: Katharina Pistor, Columbia Law School

Helene Rey, Lord Raj Bagri Professor of Economics, London Business School

Discussants:
- Lilian Faulhaber, Georgetown University Law School
- Jennifer Hillman, Georgetown University Law School

1B. Constitutional Limitations on Central Banks
Panel Chair/Moderator: Nadav Orian Peer, Tulane Law School

The German Constitituional Court and Central Bank Independence
Presented by: Michael Waibel, University of Vienna

Monetary Financing and Fiscal Discipline
Presented by: Oliver Huelsewig, Hochschule München

The Constitution and the Fed after the COVID-19 Crisis
Presented by: Nadav Orian Peer, Tulane Law School

1C. Financial Regulation 1
Panel Chair/Moderator: Yesha Yadav, Vanderbilt Law School

What Drove the Rise of the Repo Market?
Presented by: Carolyn Sissoko, University of the West of England

Best Laid Plans: Economic Consequence of Shadow Banking Crackdown
Presented by: Bo Jiang, George Washington University

The Failed Regulation of U.S. Treasury Markets
Presented by: Yesha Yadav, Vanderbilt Law School

1D. Labor, Fiscal Policy, and Growth
Panel Chairs/Moderators: Vincent Jerald Ramos, Hertie School & Sarah Daway-Ducanes, University of the Philippines School of Economics

The Labour Market Effect of Fiscal Policy Uncertainty
Presented by: Wei-Fong Pan, University of Reading

Electoral Systems, Heterogeneous Fiscal Policy and Labor Regulations
Presented by:  Shiv Dixit, Indian School of Business

Nonlinear Effects of Intellectual Property Rights on Manufacturing Growth
Presented by: Vincent Jerald Ramos, Hertie School & Sarah Daway-Ducanes, University of the Philippines School of Economics

1E. Law and Economic Growth
Panel Chair/Moderator: Lela Mélon, University Pompeu Fabra

Using synthetic control method to estimate the long-run effect of institutional changes
Presented by:  Rok Spruk, University of Ljubljana

The Price of Property Rights: Institutions, Finance, and Economic Growth
Presented by:  Ram Yamarthy, Office of Financial Research (OFR)

Does E-procurement Matter for Economic Growth: Subnational Evidence from Australia
Presented by: Lela Mélon, University Pompeu Fabra

Session 2

2A. Bankruptcy, Credit, and the Macroeconomy
Panel Chair/Moderator: Konrad Borowicz, Tilburg University

Unearthing Zombies
Presented by: Siddharth Vij, University of Georgia

The Ex Ante Effect of Creditor Rights on Corporate Financial and Investment Policy
Presented by: Aras Canipek, University of Konstanz

The Law and Macroeconomics of Corporate Debt: Should the Macroeconomic Consequences of Corporate Leverage Inform the Legal and Regulatory Treatment of Loan Markets?
Presented by: Konrad Borowicz, Tilburg University

2B. Courts and Macroeconomic Fluctuations
Panel Chair/Moderator: Mehmet Canayaz, Pennsylvania State University

Economic Resilience: Spillovers, Courts, and Vertical Integration
Presented by: Dimas Fazio, National University of Singapore

Judges, Lenders, and the Bottom Line: Court-ing Firm Growth in India
Presented by: Manaswini Rao, University of California San Diego

Judicial Ideology and Business Dynamics
Presented by: Mehmet Canayaz, Pennsylvania State University

2C. Evaluating the Macro Policy Response to Covid-19
Panel Chair/Moderator: David Zaring, The Wharton School

How Well-Targeted Are Payroll Tax Cuts as a Response to COVID-19? Evidence from China
Presented by: Wei Cui, University of British Columbia

A TIP Against the COVID-19 Pandemic
Presented by: Fuad Hasanov & Reda Cherif, International Monetary Fund

The Government’s Economic Response to the Covid Crisis
Presented by: David Zaring, The Wharton School

2D. Financial Regulation 2
Panel Chair/Moderator: Alex Lee, Northwestern University

Domesticating Foreign Finance
Presented by: Jeremy Kress, University of Michigan

Taming the Megabanks: Why We Need a New Glass-Steagall Act
Presented by:  Arthur Wilmarth, George Washington University

Insider Trading and Macroeconomic Risk
Presented by: Alex Lee, Northwestern University

2E. Inequality 1
Panel Chair/Moderator: Felix Chang, University of Cincinnati College of Law

In-Kind Tax Paying: Lessons and Risks
Presented by:  Jeremy Bearer-Friend, George Washington University

The Intergenerational Equity Case for Progressive Consumption Taxation
Presented by:  Daniel Schaffa, University of Richmond

What Kind of Inequality Should Inheritance Law Remediate?
Presented by: Felix Chang, University of Cincinnati College of Law

2F. Regulatory Intensity and Economic Outcomes
Panel Chairs/Moderators: Yuliya Guseva, Rutgers Law School & Douglas Eakeley, Rutgers Law School

Does regulatory cooperation help integrate equity markets?
Presented by:  Roger Silvers, David Eccles School of Business, University of Utah

Regulatory Intensity and Firm-Specific Exposure
Presented by:  Joseph Kalmenovitz, Drexel University

Crypto-Enforcement Around the World
Presented by: Yuliya Guseva & Douglas Eakeley, Rutgers Law School

2G. Student Paper Panel: Unconventional Macro Policy Ideas
Panel Chair/Moderator: Peter Bassine, Yale Law School

Government Purchasing and Recessions: How Expansionary Legal Policies Can Stimulate the Economy
Presented by:  Désirée Klingler, Yale Law School

Mitigating Recessions: Incorporating Macroeconomic Levers into Bankruptcy Law in India
Presented by:  Anant Agarwal, Gujarat National Law University (GNLU)

Coherent Capital Structure Policy: Between Bailouts and the Interest Deduction 
Presented by: Jeff Gordon, Yale Law School

The Bankers’ Law: Swaps, Foreign Exchange, and the Construction of Law Within the Federal Reserve 
Presented by: Peter Bassine, Yale Law School

2H. The Expanding Powers of Central Banks
Panel Chair/Moderator: Peter Conti-Brown, University of Pennsylvania

The Federal Reserve and the Fiscal System
Presented by:   Brian Galle, Georgetown University

Central Bank Money: Liability, Asset, or Equity of the Nation?
Presented by: Michael Kumhof, Bank of England & Rosa Lastra, Queen Mary University of London

Technocratic Pragmatism, Bureaucratic Expertise, and the Federal Reserve 
Presented by:  Peter Conti-Brown, University of Pennsylvania

Lunch Panel

What Legal Academics Should Know About Macroeconomics
Panel Chair/Moderator: Yair Listokin, Yale Law School

Inequality, Finance, and Macroeconomics
Presented by: Atif Mian, John H. Laporte, Jr. Class of 1967 Professor of Economics, Public Policy and Finance at Princeton University

Improving Automatic Stabilizers and Triggers
Presented by: Claudia Sahm, Director of Macroeconomic Policy at the Washington Center for Equitable Growth

Session 3

3A. Bankruptcy 1
Panel Chair/Moderator: Edward Janger, Brooklyn Law School

Restructuring vs. Bankruptcy
Presented by:
- Edward Morrison, Columbia University
- Jason Donaldson, Washington University in St. Louis
- Giorgia Piacentino, Columbia Business School
- Xiaobo Yu, Columbia Business School

Bankruptcy and Financial Regulation
Presented by: Adam Feibelman, Tulane Law School

Private Equity and Industries in Transition: Debt, Discharge and Sam Gerdano
Presented by: Edward Janger, Brooklyn Law School

3B. Corporate Governance and the Response to Covid-19
Panel Chair/Moderator: Ofer Eldar, Duke University

Countercyclical Corporate Governance
Presented by: Aneil Kovvali, University of Chicago Law School

Countercyclical Antitakeover Law: Dead Hand Poison Puts in a Zero Lower Bound Recession
Presented by: Tianna Larson, Wake Forest

The Return of Poison Pills: An Analysis of “Crisis Pills” Adopted in the COVID-19 Pandemic
Presented by: Ofer Eldar, Duke University

3C. Currency, Payments, and Platforms
Panel Chair/Moderator: Rohan Grey, Willamette University

Essential Platforms
Presented by: Nikolas Guggenberger, Yale Information Society Project

Payments Failure
Presented by: Hilary Allen, American University Washington College of Law

Smart Contracts and Monetary Policy
Presented by: Rohan Grey, Willamette University

3D. Fiscal Policy and Government Debt
Panel Chair/Moderator: Stratos Pahis, NYU School of Law

Hands On! Part I: The Trilemma Facing the Federal Government During State and Local Budget Crises
Presented by: David Schleicher, Yale University

Inequality, Fiscal Policy and COVID19 Restrictions in a Demand-Determined Economy
Presented by:  Daniel Murphy, University of Virginia

BITs and Bonds: The International Law and Economics of Sovereign Debt
Presented by: Stratos Pahis, NYU School of Law

3E. Inequality 2
Panel Chair/Moderator: Ariel Jurow Kleiman, University of San Diego

Redistribution with Performance Pay
Presented by:  Abdou Ndiaye, New York University

The Political Economy of Inequality, Mobility and Redistribution
Presented by:  Ignacio Campomanes, Navarra Center for International Development

Impoverishment by Taxation
Presented by: Ariel Jurow Kleiman, University of San Diego

3F. Law as a Macroeconomic Stabilizer
Panel Chair/Moderator: Yair Listokin, Yale Law School

Government emergency intervention in private contracts in times of COVID-19: a user’s guide
Presented by: Fernando Gomez-Pomar, Universitat Pompeu Fabra

Regulations as Automatic Stabilizers During COVID-19
Presented by:  Xi Wu, Haas School of Business, University of California Berkeley

Efficient Legal Rules in A Cyclical Economy
Presented by: Yair Listokin, Yale Law School


Past Conferences



Law & Macroeconomics II

Georgetown Law, Sept. 27-28, 2019
Website | Program | Video | Edited Volume


Law & Macroeconomics I

Yale Law, May 11, 2017
Edited Volume




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