illinois economics associationas the co-author of why nations fail: the origins of power,...

ILLINOISECONOMICSASSOCIATION

48thANNUALMEETINGSOCTOBER12-13,2018DEPAULUNIVERSITY

DEPAULCENTER

8THFLOOR1EASTJACKSONBOULEVARD

CHICAGO,IL60604

DePaulCenterislocatedatthesoutheastcornerofJacksonBoulevardandStateStreet,insideBarnes&NobleBookstore.AfterpassingthroughBarnes&Noble,asetofelevatorsarefoundontheleft-handside.Pleasecomeuptothe8thFloorParking:NearbycommercialparkinglotsonWabashStreetCTA:ExitattheJacksonStopontheRedLine.IEAwebsiteforregistrationandpayment:http://condor.depaul.edu/iea/

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DearParticipants,Members,andGuests:Welcometothe48thAnnualMeetingsoftheIllinoisEconomicsAssociation!IEAhasalongtraditionofprovidingopportunitiestoeconomicsstudentsfromthroughoutthestate,andmanygraduatestudentswillbepresentingtheirresearchduringtheconference.Thisyearwearedelightedtopresent70papers,workshops,andothereventsacross21sessions,includingtheFedChallengeandGraduateStudentPapercompetitions.We are especially excited to have James Robinson, director of the Pearson Institute at theUniversityofChicago,asourKeynoteSpeakerthisyear.ProfessorRobinsonistherenownedco-author ofWhy Nations Fail: The Origins of Power, Prosperity, and Poverty, and he will bespeakingtousabouthislatestworkonpoverty,conflict,andeconomicgrowth.Manypeopledeserverecognitionfortheirhelpandsupportinorganizingthisconference.Weare grateful to DePaul University and the DePaul Economics Department for their financialsupportandfortheuseof theirexcellent facilities. Special thankstoDepartmentChairTonyKrautmannandtoSteveCarltonfortheirfinancial,operational,andadministrativeassistance.PearsonHigherEdhasgenerouslysponsoredthereceptiononFridayevening,andweencourageeveryonetovisitthePearsondisplayduringtheconference.Thank you to CarolMartell for her help with the registration process, to Helen Roberts fororganizingtheFedChallenge,andRichardPeckfororganizingandjudgingtheGraduateStudentPapercompetition.MydeepestappreciationtoJinManLeeforhisleadershipasIEAPresident,andtoPastPresidents JinChoiandKentGrote,andPastPresidentandcurrent IEATreasurerMikeWenz,fortheiradviceandguidanceduringthepastyear.Finally, thanks to all of you for yourparticipation thatmakes this conferencepossible. I amhonoredtobepartofthisyear’sevent,andIhopeyouwilljoinusagainnextyear.Sincerely,PaulE.PetersonIEAPresident-ElectDepartmentofFinance,UniversityofIllinoisatUrbana-Champaign

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SCHEDULEOFEVENTSFRIDAY,OCTOBER12,20189:00A.M.–10:30A.M. CONCURRENTSESSIONSA SESSIONA1: Macroeconomics ROOM8009 SESSIONA2: LaborEconomicsI ROOM8010 SESSIONA3: FedChallenge ROOM801410:30A.M.–10:45A.M. BREAK10:45A.M.–12:15P.M. CONCURRENTSESSIONSB SESSIONB1: EducationI ROOM8009 SESSIONB2: LaborEconomicsII ROOM8010 SESSIONB3: RealEstate ROOM801412:25P.M.–1:35P.M. LUNCHEONANDKEYNOTEADDRESS ROOM8005 “TheNarrowCorridortoLiberty” Dr.JamesRobinson,UniversityofChicago1:45P.M.–3:15P.M. CONCURRENTSESSIONSC SESSIONC1: EconomicsandLaw ROOM8009 SESSIONC2: LaborEconomicsIII ROOM8010 SESSIONC3: ExperimentalEconomics&Design ROOM80143:15P.M.–3:30P.M. BREAK3:30P.M.–5:00P.M. CONCURRENTSESSIONSD SESSIOND1: MacroeconomicPoliciesandJapanROOM8009 SESSIOND2: DerivativesMarkets ROOM8010 SESSIOND3: StockMarket&InvestorBehavior ROOM80145:00P.M.–6:00P.M. RECEPTION(BeerandWine) 8thFLOORLOBBY

SponsoredbyPearsonHigherEd

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SCHEDULEOFEVENTS,cont.SATURDAY,OCTOBER13,20188:30A.M.–10:00A.M. CONCURRENTSESSIONSE SESSIONE1: HealthEconomicsI ROOM8009 SESSIONE2: EducationII ROOM8010 SESSIONE3: VolatilityinEmergingMarkets ROOM801410:00A.M.–10:15A.M. BREAK10:15A.M.–11:45A.M. CONCURRENTSESSIONSF SESSIONF1: HealthEconomicsII ROOM8009 SESSIONF2: SportsEconomics ROOM8010 SESSIONF3: ProspectTheoryWorkshop ROOM801411:45A.M.–1:00P.M. LUNCH(onyourown)1:15P.M.–2:45P.M. CONCURRENTSESSIONSG SESSIONG1: InternationalEconomics ROOM8009 SESSIONG2: EconomicDevelopment ROOM8010 SESSIONG3: Banking,Credit&Inflation ROOM80142:45P.M.–3:00P.M. BREAK3:00P.M.–4:00P.M. GRADUATESTUDENTPAPERCOMPETITION

ANDAWARDS ROOM80094:15P.M. EXECUTIVECOMMITTEEMEETING ROOM8009

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FRIDAY,OCTOBER12,2018

9:00A.M.–10:30A.M. CONCURRENTSESSIONSASESSIONA1:Macroeconomics ROOM8009Chair:GeorgeA.Waters,IllinoisStateUniversity• "IsForeignAidProcyclicalorCountercyclical?”BeatriceAppiahandStephenE.Armah,Ashesi

UniversityCollege.• "MacroeconomicsStimulusandtheDistortingEffectsofPoliticalConnection:EvidencefromChina,”

ChenliYou,UniversityofIllinoisatChicago&WorldBank.• "FiscalPolicyEffectsandCapitalMobilityinSomeLatinAmericanCountries,”JoseU.Mora,

PontificiaUniversidadJaveriana-Cali,ColombiaandRafaelAcevedo,UniversidadCentroOccidentalLisandroAlvarado.

• “HousePriceSynchronizationacrosstheU.S.StatesandTheirTime-VaryingMacroeconomicLinkages,”HardikMarfatia,NortheasternIllinoisUniversity.

Discussants:Marfatia,Hardik NortheasternIllinoisUniversityArmah,StephenE. AshesiUniversityCollegeYou,Chenli UniversityofIllinoisatChicago&WorldBankMora,JoseU. PontificiaUniversidadJaveriana-Cali,Colombia

SESSIONA2:LaborEconomicsI ROOM8010Chair:SudiptaRoy,UniversityofStFrancis• "TheEffectsofWageReplacementonReturntoWorkandMedicalServiceUseinWorkers’

Compensation,”LuJinks,UniversityofIllinoisatChicago.• "FeelingSqueezed?ImpactofSocialSecurityBenefitCutsonLaborSupplyandFinancialBehaviorof

theElderly,”ChristopherJohnCruz,UniversityofIllinoisatChicago.Discussants:

Cruz,ChristopherJohn UniversityofIllinoisatChicagoJinks,Lu UniversityofIllinoisatChicago

SESSIONA3:FedChallenge ROOM8014Chair:HelenRoberts,UniversityofIllinoisatChicago

10:30A.M.–10:45A.M.BREAK

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10:45A.M–12:15P.M. CONCURRENTSESSIONSB

SESSIONB1:EducationI ROOM8009Chair:EvelinaMengova,GovernorsStateUniversity• "TheImpactofaFemaleAdultLiteracyProgramonKnowledge,Confidence,MobilityandBargaining

PowerofWomen:EvidencefromIndia,”AshwiniDeshpande,UniversityofDelhi,ChristopherKsoll,MathematicaPolicyResearch,AnnemieMaertens,UniversityofSussex,andVinithaR.Varghese,UniversityofIllinoisatChicago.

• "FemaleEducation,FertilityDecisions,andInfantHealth:EvidencefromChina’sCompulsoryEducationLaw,”ChenMeng,UniversityofIllinoisatChicago&UniversityofChicago.

• "TheEffectoftheMinimumDropoutAgeonTobaccoProductandAlcoholUseamongHighSchoolStudentsYoungerthan16YearsOld,”NhuNguyen,UniversityofIllinoisatChicago.

• "Competition,Cooperation,andPerformance:InteractionintheClassroom?”CalebS.Lewis,AuroraUniversity.

Discussants:Lewis,CalebS. AuroraUniversityVarghese,VinithaR. UniversityofIllinoisatChicagoMeng,Chen UniversityofIllinoisatChicago&UniversityofChicagoNguyen,Nhu UniversityofIllinoisatChicago

SESSIONB2:LaborEconomicsII ROOM8010Chair:SalmanKhan,UniversityofIllinoisatChicago• "DirectandSpilloverImpactsofFormalEmployment:EvidencefromArgentina,”BrianFeld,Universityof

IllinoisatUrbana-Champaign.• "Immigrants,LanguageBarrier,andtheAssimilationProcesses,”TungLe,UniversityofChicago.• “ConsequencesofImmigratingDuringaRecession:EvidencefromtheUSRefugeeResettlement

Program,”JoshuaMask,UniversityofIllinoisatChicago.• "The1975BlackFrost:ShockstoCapitalandtheSpatialDistributionofWorkers,”BrunoBarsanetti,

NorthwesternUniversity.Discussants:

Barsanetti,Bruno NorthwesternUniversityFeld,Brian UniversityofIllinoisatUrbana-ChampaignLe,Tung UniversityofChicagoMask,Joshua UniversityofIllinoisatChicago

SESSIONB3:RealEstate ROOM8014Chair:KentGrote,LakeForestCollege• "MeasuringtheNetImpactofPropertyTaxDifferentialsonResidentialDevelopmentIntensity,”Jeremy

R.Groves,NorthernIllinoisUniversity.• "AreUrbanandSuburbanPovertyConvergingintheRustBelt?”ScottW.Hegerty,NortheasternIllinois

University.• “ShiftsintheAffordableHousingStock:Micro-evidencefromSmallMultifamilyHomes,”JihwanKimand

JinManLee,DePaulUniversity,andEunAhn,UniversityofHawaii-WestOahu.• “ProductivityandWelfareinanOverlappingGenerationsModelwithHousing,”GeorgeA.Waters,Illinois

StateUniversity.Discussants:

Waters,GeorgeA. IllinoisStateUniversityGroves,JeremyR. NorthernIllinoisUniversityHegerty,ScottW. NortheasternIllinoisUniversityKim,Jihwan DePaulUniversity

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12:25P.M.–1:35P.M.

LUNCHEONANDKEYNOTEADDRESS ROOM8005

“TheNarrowCorridortoLiberty”Dr.JamesRobinson,UniversityofChicago

Dr. James Robinson Institute Director, The Pearson Institute

The Reverend Dr. Richard L. Pearson Professor of Global Conflict Studies and University Professor

Harris School of Public Policy, University of Chicago A prominent political scientist and economist, Robinson has conducted influential research in the field of political and economic development and the factors that are the root causes of conflict. His work explores the underlying relationship between poverty and the institutions of a society and how institutions emerge out of political conflicts.

Drawing insights from game theory and global history, he employs rigorous statistical analysis and case studies to identify the political foundations of economic development and growth. His work has deepened the understanding of political institutions throughout the world.

Robinson has a particular interest in Latin America and Sub-Saharan Africa. He is widely recognized as the co-author of Why Nations Fail: The Origins of Power, Prosperity, and Poverty, with Daron Acemoglu, the Elizabeth and James Killian Professor of Economics at MIT. Translated into 32 languages since its publication in 2012, the book offers a unique historic exploration of why some countries have flourished economically while others have fallen into poverty. He has also written and coauthored numerous books and articles, including the acclaimed Economic Origins of Dictatorship and Democracy (also with Acemoglu).

Robinson served as an academic advisor to the World Bank’s 2017 World Development Report on Governance, on the board of the Global Development Network from January 2009 to December 2011, and on the Swedish Development Policy Council, a committee advising the Swedish Foreign Minister on Sweden’s international development policy, from 2007 to 2010.

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1:45P.M.–3:15P.M. CONCURRENTSESSIONSC

SESSIONC1:EconomicsandLaw ROOM8009Chair:StephenE.Armah,AshesiUniversityCollege,Berekuso,E/R,Ghana• "UnravelingPlace-BasedPreferences:DoSchoolShootingsErodePropertyValues?”JuanSebastian

Munoz,UniversityofIllinoisatUrbana-ChampaignandRuchiSingh,UniversityofGeorgia.• "TheEffectofInternalMigrationonCrimeandViolence:EvidencefromIndonesia,”BrianFeldand

MariekeKleemans,UniversityofIllinoisatUrbana-Champaign.• "Short-RunConsequencesofDisplacementintheCriminalLaborMarket,”HeyuXiong,

NorthwesternUniversity.Discussants:

Xiong,Heyu NorthwesternUniversityMunoz,JuanSebastian UniversityofIllinoisatUrbana-ChampaignFeld,Brian UniversityofIllinoisatUrbana-Champaign

SESSIONC2:LaborEconomicsII ROOM8010Chair:ChenMeng,UniversityofIllinoisatChicago&UniversityofChicago• "ImpactofChileanMaternityLeaveExpansiononFemaleLaborMarketOutcomes&Gender

Discrimination,”LuisFaundez,UniversityofIllinoisatChicago.• "AreMenRevisingtheirAttitudesTowardWomen?Men’sAttitudesontheRoleofWomeninthe

LaborMarketandWomen’sOutcomes,”ShaliseAyromloo,UniversityofIllinoisatChicago.• "LaborDemandShocksandHumanCapitalInvestments:DoRaceandEthnicityMatter?”Salman

Khan,UniversityofIllinoisatChicago.• "DoesWorkingfromHomeReduceEmployeeTurnover?ImplicationsforCareerMobility,”Chia

JungChang,UniversityofIllinoisatChicago.Discussants:

Chang,ChiaJung UniversityofIllinoisatChicagoFaundez,Luis UniversityofIllinoisatChicagoAyromloo,Shalise UniversityofIllinoisatChicagoKhan,Salman UniversityofIllinoisatChicago

SESSIONC3:ExperimentalEconomics&ExperimentalDesign ROOM8014Chair:CalebS.Lewis,AuroraUniversity• "AnInvestigationintoOptimalPlotLengthinOn-farmFieldTrials,”AolinGong,UniversityofIllinois

atUrbana-Champaign• “AnEconomic-Theory-BasedApproachtoManagementZoneDelineation,”BrittaniEdge,University

ofIllinoisatUrbana-Champaign.• "TheJointSpilloverIndex,”WilliamD.LastrapesandThomasF.P.Wiesen,UniversityofGeorgia.• "PublicGoodsGamewithCompetitionandLeadership:AnExperimentalStudy,”Ireneusz

Dąbrowski,WarsawSchoolofEconomics.Discussants:

Dąbrowski,Ireneusz WarsawSchoolofEconomicsGong,Aolin UniversityofIllinoisatUrbana-ChampaignEdge,Brittani UniversityofIllinoisatUrbana-ChampaignWiesen,ThomasF.P. UniversityofGeorgia

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3:15P.M.–3:30P.M. BREAK

3:30P.M.–5:00P.M. CONCURRENTSESSIONSD

SESSIOND1:InternationalEconomicsandMacroeconomicPolicyinJapan ROOM8009Chair:JosephJ.Persky,UniversityofIllinoisatChicago• "AnotherLookattheSmallBalassa-SamuelsonEffectinJapan’sRealExchangeRateAppreciation

duringtheRapidGrowthEra,1956-70,”HiroyukiImai,UniversityofMinnesota.• "AbenomicsandtheFutureoftheJapaneseEconomy,”SusumuKudo,FukuiPrefecturalUniversity.Discussants:

Peck,Richard UniversityofIllinoisatChicagoImai,Hiroyuki UniversityofMinnesota

SESSIOND2:What’sNewinDerivativesTrading? ROOM8010Chair:JinChoi,DePaulUniversity• "AnotherLookatCash-FuturesConvergence,”PaulE.Peterson,UniversityofIllinoisatUrbana-

Champaign.• "Iso-riskThresholdandImplicationsaboutModernFinance,”ToliXanthopoulos,AuroraUniversity.• “CMEBitcoinFuturesContracts,PerformancetoDate,”CarlLuft,DePaulUniversity.• "ATailofLowVolatility:WastheRecentLowEquityVolatilityanAnomaly?”MarkShore,DePaul

University&CoquestAdvisors.Discussants:

Luft,Carl DePaulUniversityShore,Mark DePaulUniversity&CoquestAdvisorsPeterson,PaulE. UniversityofIllinoisatUrbana-ChampaignXanthopoulos,Toli AuroraUniversity

SESSIOND3:StockMarketReturnsandInvestorBehavior ROOM8014Chair:JeremyR.Groves,NorthernIllinoisUniversity• "StockPriceReactionstotheInformationandBiasinAnalyst-ExpectedReturns,”JohnathanLoudis,

UniversityofChicago.• "TheEffectofCapitalGainTaxationonExecutiveCompensation:EvidencefromtheTaxpayerRelief

Actof1997,”SheikhTouhidulHaque,NorthernIllinoisUniversity.• "TheConditionalExpectedMarketReturn,”FousseniChabi-Yo,UniversityofMassachusetts

Amherst,andJohnathanLoudis,UniversityofChicago.Discussants:

Haque,SheikhTouhidul NorthernIllinoisUniversityLoudis,Johnathan UniversityofChicagoGrote,Kent LakeForestCollege

5:00P.M.–6:00P.M.

RECEPTION(BeerandWine)SponsoredbyPearsonHigherEd8thFLOORLOBBY

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SATURDAY,OCTOBER13,2018

8:30A.M.–10:00A.M. CONCURRENTSESSIONSESESSIONE1:HealthEconomicsI ROOM8009Chair:LuJinks,UniversityofIllinoisatChicago• "TheImpactofAccesstoOralContraceptivesontheSpreadofSexuallyTransmittedDiseases,”Minh

T.Nguyen,UniversityofIllinoisatChicago.• "DoesMedicaidReimbursementforObstetricCareAffectTreatmentDecisions?”JiajiaChen,

UniversityofIllinoisatChicago.• "IncreasedWICEligibilityandBirthOutcomes,”HyunkyuKo,UniversityofIllinoisatChicago.• “DoesTelemedicineSaveLives?EvidenceontheEffectofTelemedicineParityLawsonMortality

Rates,”JiajiaChen,UniversityofIllinoisatChicagoandAngelaK.Dills,WesternCarolinaUniversity.Discussants:

Chen,Jiajia UniversityofIllinoisatChicagoNguyen,MinhT. UniversityofIllinoisatChicagoKo,Hyunkyu UniversityofIllinoisatChicagoPeterson,PaulE. UniversityofIllinoisatUrbana-Champaign

SESSIONE2:EducationII ROOM8010Chair:ShankarGhimire,WesternIllinoisUniversity• "TheImpactofStateFinancialInterventiononSchoolDistrictFiscalPerformance:Evidencefrom

Illinois,”ChuanyiGuo,UniversityofIllinoisatChicago.• "TheEffectofCharterSchoolEntryonSchoolDistrict'sInputsandExpenditures,”RuiYan,University

ofIllinoisatChicago.• "PrivateSchools'EntryDecision:EvidencefromaPublicPolicyinIndia,”NaveenKumar,Universityof

IllinoisatChicago.Discussants:

Kumar,Naveen UniversityofIllinoisatChicagoGuo,Chuanyi UniversityofIllinoisatChicagoYan,Rui UniversityofIllinoisatChicago

SESSIONE3:HistoricalandCurrentApplicationsofProspectTheory ROOM8014Chair:LarissaJ.Adamiec,BenedictineUniversity• WorkshoppresentedbyJodiHoulihanandFlorinaSalaghe,BenedictineUniversity.• "ApplyingProspectTheoryinCAPMUsingSimulation,”LarissaJ.AdamiecandDeborahCernauskas,

BenedictineUniversity.

10:00A.M.–10:15A.M.BREAK

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10:15A.M.–11:45A.M.CONCURRENTSESSIONSFSESSIONF1:HealthEconomicsII ROOM8009Chair:ChristopherJohnCruz,UniversityofIllinoisatChicago• "ChangesinHeight-for-AgeofEgyptianChildren1995to2014,”ReemHashad,UniversityofIllinois

atChicago.• "DoChildrenonMedicaidBenefitfromaWeakLaborMarket?EvidencefromtheGreatRecession,”

JiajiaChen,UniversityofIllinoisatChicago.• “Inertia,Learning,andWelfareinPhysicianPrescribingBehavior:TheCaseofGenericEntry,”Caitlyn

Fleming,UniversityofIllinoisatChicago.Discussants:

Fleming,Caitlyn UniversityofIllinoisatChicagoHashad,Reem UniversityofIllinoisatChicagoChen,Jiajia UniversityofIllinoisatChicago

SESSIONF2:SportsEconomics ROOM8010Chair:AnthonyC.Krautmann,DePaulUniversity• "CompetitiveBalanceinCollegeBaseballandtheEffectsofScholarshipLimitation,”KrisMcWhite,

UniversityofGeorgiaandJ.KerryWaller,PiedmontCollege.• "TheEconomicImpactofSeasonTicketHoldersatTwoNCAAMen’sBasketballPrograms,”Stacey

Brook,DePaulUniversity.• "TowardsaModelofLong-termLaborContractsinMajorLeagueBaseball,”JohnL.Solow,

UniversityofIowaandAnthonyC.Krautmann,DePaulUniversity.Discussants:

Solow,JohnL. UniversityofIowaPeterBernstein RCFEconomic&FinancialConsultingWenz,Michael NortheasternIllinoisUniversity

SESSIONF3:VolatilityinEmergingMarkets ROOM8014Chair:LarissaJ.Adamiec,BenedictineUniversity• "TheStabilizationofPoland’sExchangeRatesinceCommunism:A30YearRetrospective,”LarissaJ.

Adamiec,BenedictineUniversity.• "ContrastingGARCHDailyVariancePredictionsbetweenForeignExchangeReturnsandCarryTrade

StrategyReturns,”DeborahCernauskas,BenedictineUniversity.• "LatinAmericaHeadlineNewsandtheImpactonCurrencyPrices,”ToddKesley,Benedictine

University.Discussants:

Kesley,Todd BenedictineUniversityAdamiec,LarissaJ. BenedictineUniversityCernauskas,Deborah BenedictineUniversity

11:45A.M.–1:00P.M. LUNCH(onyourown)

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1:15P.M.–2:45P.M. CONCURRENTSESSIONSGSESSIONG1:InternationalEconomics ROOM8009Chair:JinChoi,DePaulUniversity• "ExchangeRateDetermination,”SiavashR.Sabet,NorthernIllinoisUniversity.• "ExportingDecisionandExtensiveMarginsofCredit:Firm-LevelInvestigationofBangladesh,”

SungidaRashid,SouthernIllinoisUniversityCarbondale.• "TaxCompetitionforCross-BorderMergersandAcquisitionswithEndogenousTariff:Doesthe

MarketSizeMatter?”XiaoxuanJiandSajalLahiri,SouthernIllinoisUniversityCarbondale.Discussants:

Ji,Xiaoxuan SouthernIllinoisUniversityCarbondaleSabet,SiavashR. NorthernIllinoisUniversityRashid,Sungida SouthernIllinoisUniversityCarbondale

SESSIONG2:EconomicDevelopment ROOM8010Chair:PaulE.Peterson,UniversityofIllinoisatUrbana-Champaign• "AgriculturalProductivity:ContrastingEffectsofEarnedandUnearnedRemittance,”Shankar

Ghimire,WesternIllinoisUniversityandKulKapri,RowanUniversity.• "DoWorkers'RemittancesPromoteFinancialDevelopmentandGrowthinDevelopingCountries?”

SorooshAzizi,NorthernIllinoisUniversity.• "TheContributionofPublicandPrivateInvestmenttoEconomicGrowth,”MurshedJahan,Northern

IllinoisUniversity.• “JohnMillandChina:TheDevelopmentofPoliticalEconomyinModernChina,”YueXiao,Zhongnan

UniversityofEconomicsandLaw&DukeUniversity.Discussants:

Xiao,Yue ZhongnanUniversityofEconomicsandLaw&DukeUniversityGhimire,Shankar WesternIllinoisUniversityAzizi,Soroosh NorthernIllinoisUniversityJahan,Murshed NorthernIllinoisUniversity

SESSIONG3:Banking,CreditandInflation ROOM8014Chair:JinManLee,DePaulUniversity• "CostsAssociatedwithSovereignDebtDefaultandDebtRenegotiations,”NachiketThakkar

SouthernIllinoisUniversityCarbondale.• "DiscountWindow,Stigma,andtheTermAuctionFacility,”YunzhiHu,UniversityofNorthCarolina

andHanzheZhang,MichiganStateUniversity.• "DoBankReservesBecomeMoreInterestElasticAftertheCrisis?EvidencefromUSBankLevel

Data,”JiashanWu,UniversityofIllinoisatChicago.• “JustGotLucky?InflationTargetingandMacroeconomicStability,”ChristopherJohnCruz,

UniversityofIllinoisatChicago.Discussants:

ChristopherJohnCruz UniversityofIllinoisatChicagoThakkar,Nachiket SouthernIllinoisUniversityCarbondaleZhang,Hanzhe MichiganStateUniversityWu,Jiashan UniversityofIllinoisatChicago

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2:45P.M.–3:00P.M. BREAK

3:00P.M.–4:00P.M.GRADUATESTUDENTPAPERCOMPETITIONANDAWARDS ROOM8009

4:15P.M.EXECUTIVECOMMITTEEMEETING ROOM8009

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ParticipantListandSessionAssignments Participant Institution Email Session

Adamiec,LarissaJ. BenedictineUniversity ladamiec@ben.edu E3,F3

Armah,StephenE. AshesiUniversityCollege,Berekuso,E/R,Ghana searmah@ashesi.edu.gh A1,C1

Ayromloo,Shalise UniversityofIllinoisatChicago sayrom2@uic.edu C2

Azizi,Soroosh NorthernIllinoisUniversity sazizi1@niu.edu G2

Barsanetti,Bruno NorthwesternUniversity barsanetti@u.northwestern.edu B2

Bernstein,Peter RCFEconomic&FinancialConsulting pbernstein@rcfecon.com F2

Brook,Stacey DePaulUniversity stacey.brook@gmail.com F2

Cernauskas,Deborah BenedictineUniversity dcernauskas@ben.edu E3,F3

Chang,ChiaJung UniversityofIllinoisatChicago cchang91@uic.edu C2

Chen,Jiajia UniversityofIllinoisatChicago jchen215@uic.edu E1,F1

Choi,Jin DePaulUniversity jchoi@depaul.edu D2,G1

Cruz,ChristopherJohn UniversityofIllinoisatChicago ccruz36@uic.edu A2,F1,G3

Dąbrowski,Ireneusz WarsawSchoolofEconomics rekinpri@sgh.waw.pl C3

Edge,Brittani UniversityofIllinoisatUrbana-Champaign bedge2@illinois.edu C3

Faundez,Luis UniversityofIllinoisatChicago lfaund2@uic.edu C2

Feld,Brian UniversityofIllinoisatUrbana-Champaign bhfeld2@illinois.edu B2,C1

Fleming,Caitlyn UniversityofIllinoisatChicago cflemi7@uic.edu F1

Ghimire,Shankar WesternIllinoisUniversity sp-ghimire@wiu.edu E2,G2

Gong,Aolin UniversityofIllinoisatUrbana-Champaign aoling2@illinois.edu C3

Grote,Kent LakeForestCollege grote@mx.lakeforest.edu B3,D3

Groves,JeremyR. NorthernIllinoisUniversity jgroves@niu.edu B3,D3

Guo,Chuanyi UniversityofIllinoisatChicago cguo20@uic.edu E2

Haque,SheikhTouhidul NorthernIllinoisUniversity shaque@niu.edu D3

Hashad,Reem UniversityofIllinoisatChicago rhasha2@uic.edu F1

Hegerty,ScottW. NortheasternIllinoisUniversity s-hegerty@neiu.edu B3

Houlihan,Jodi BenedictineUniversity jhoulihan@ben.edu E3

Imai,Hiroyuki UniversityofMinnesota D1

Jahan,Murshed NorthernIllinoisUniversity Z1717133@students.niu.edu G2

Ji,Xiaoxuan SouthernIllinoisUniversityCarbondale xiaoxuanji@siu.edu G1

Jinks,Lu UniversityofIllinoisatChicago lgao22@uic.edu A2,E1

Kesley,Todd BenedictineUniversity tkelsey@ben.edu F3

Khan,Salman UniversityofIllinoisatChicago skhan275@uic.edu B2,C2

Kim,Jihwan DePaulUniversity jkim256@depaul.edu B3

Ko,Hyunkyu UniversityofIllinoisatChicago hko20@uic.edu E1

Krautmann,AnthonyC. DePaulUniversity akrautma@depaul.edu F2

Kudo,Susumu FukuiPrefecturalUniversity susumu.kudo@gmail.com D1

Kumar,Naveen UniversityofIllinoisatChicago ngopal2@uic.edu E2

Le,Tung UniversityofChicago tungle@uchicago.edu B2

Lee,JinMan DePaulUniversity jlee141@depaul.edu G3

Lewis,CalebS. AuroraUniversity clewis@aurora.edu B1,C3

Loudis,Johnathan UniversityofChicago jloudis@chicagobooth.edu D3

Luft,Carl DePaulUniversity cluft@depaul.edu D2

Marfatia,Hardik NortheasternIllinoisUniversity h-marfatia@neiu.edu A1

Mask,Joshua UniversityofIllinoisatChicago mask2@uic.edu B2

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Participant Affiliation Email Session

McWhite,Kris UniversityofGeorgia kmcwhite@uga.edu F2

Meng,ChenUniversityofIllinoisatChicago&UniversityofChicago mengchprc@gmail.com B1,C2

Mengova,Evelina GovernorsStateUniversity emengova@govst.edu B1

Mora,JoseU. PontificiaUniversidadJaveriana-Cali,Colombia jose.mora@javerianacali.edu.co A1

Munoz,JuanSebastian UniversityofIllinoisatUrbana-Champaign munozmo2@illinois.edu C1

Nguyen,MinhT. UniversityofIllinoisatChicago mnguye43@uic.edu E1

Nguyen,Nhu UniversityofIllinoisatChicago nnguye50@uic.edu B1

Peck,Richard UniversityofIllinoisatChicago rmpeck@uic.edu D1

Persky,JosephJ. UniversityofIllinoisatChicago jpersky@uic.edu D1

Peterson,PaulE. UniversityofIllinoisatUrbana-Champaign pepeters@illinois.edu D2,E1,G2

Rashid,Sungida SouthernIllinoisUniversityCarbondale sungida.rashid@siu.edu G1

Roberts,Helen UniversityofIllinoisatChicago hroberts@uic.edu A3

Roy,Sudipta UniversityofStFrancis sroy@stfrancis.edu A2

Sabet,SiavashR. NorthernIllinoisUniversity Z1829888@students.niu.edu G1

Salaghe,Florina BenedictineUniversity fsalaghe@ben.edu E3

Shore,Mark DePaulUniversity&CoquestAdvisors mshore@shorecapmgmt.com D2

Solow,JohnL. UniversityofIowa john-solow@uiowa.edu F2

Thakkar,Nachiket SouthernIllinoisUniversityCarbondale nachiket.thakkar@siu.edu G3

Varghese,VinithaR. UniversityofIllinoisatChicago vinitha.ssc@gmail.com B1

Waters,GeorgeA. IllinoisStateUniversity gawater@ilstu.edu A1,B3

Wenz,Michael NortheasternIllinoisUniversity m-wenz@neiu.edu F2

Wiesen,ThomasF.P. UniversityofGeorgia tfpwiesen@uga.edu C3

Wu,Jiashan UniversityofIllinoisatChicago jwu205@uic.edu G3

Xanthopoulos,Toli AuroraUniversity tolixan@gmail.com D2

Xiao,YueZhongnanUniversityofEconomicsandLaw&DukeUniversity yuexiao1028@gmail.com G2

Xiong,Heyu NorthwesternUniversity heyuxiong2018@u.northwestern.edu C1

Yan,Rui UniversityofIllinoisatChicago ryan57@uic.edu E2

You,Chenli UniversityofIllinoisatChicago&WorldBank cyou7@uic.edu A1

Zhang,Hanzhe MichiganStateUniversity hanzhe@msu.edu G3