Agenda

The two-day conference consisted of six panels of researchers presenting their work in various areas of consumer finance with members of the CFPB’s Office of Research serving as discussants.

Thursday, Dec. 15, 2016

Poster session and welcome

Ron Borzekowski (Assistant Director of the Office of Research, CFPB)

Richard Cordray (Director, CFPB)
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Moderator: Ryan Sandler
Discussant: Jeremy Tobacman

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Paper 1

The Liquid Hand-To-Mouth: Evidence from Personal Finance Management Software
Presenter/author: Michaela Pagel (Columbia Business School) 
Co-author: Arna Olafsson (Copenhagen Business School)

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Paper 2

How Does Unemployment Affect Consumer Spending?
Presenter/author: Peter Ganong (University of Chicago)
Co-author: Pascal Noel (Harvard University)

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Paper 3

Identifying the Benefits from Home Ownership: A Swedish Experiment
Presenter/author: Ulf von Lilienfeld-Toal (Luxembourg School of Finance)
Co-authors: Paolo Sodini (Stockholm School of Economics), Stijn Van Nieuwerburgh (New York University Stern School of Business), Roine Vestman (Stockholm University)

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Poster session and break (1 hour)

Moderator: Tom Conkling
Discussant: Paul Calem

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Paper 1

Credit Constraints and Search Frictions in Consumer Credit Markets 
Presenter/author: Bronson Argyle (Brigham Young University)
Co-authors: Taylor Nadauld (Brigham Young University), Christopher Palmer (University of California Berkeley)

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Paper 2

The Effects of Mortgage Credit Availability: Evidence From Minimum Credit-Score Lending Rules
Presenter/author: Andrew Paciorek (Federal Reserve Board)
Co-author: Steven Laufer (Federal Reserve Board)

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Paper 3

Regulating Household Leverage
Presenter/author: Anthony DeFusco (Northwestern University)
Co-authors: Stephanie Johnson (Northwestern University), John Mondragon (Northwestern University)

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Friday, Dec. 16, 2016

Moderator: Judith Ricks
Discussant: David Low

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Paper 1

Information Losses in Home Purchase Appraisals 
Presenter/author: Lauren Lambie-Hanson (Federal Reserve Bank of Philadelphia)
Co-authors: Paul Calem (Federal Reserve Bank of Philadelphia), Leonard Nakamura (Federal Reserve Bank of Philadelphia)

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Paper 2

I’ll Have What She’s Having: Identifying Social Influence in Household Mortgage Decisions
Presenter/author: W. Benedict McCartney (Duke University)
Co-author: Avni Shah (University of Toronto)

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Paper 3

Loan Product Steering in Mortgage Markets
Presenter/author: Gene Amromin (Federal Reserve Bank of Chicago)
Co-authors: Sumit Agarwal  (Georgetown University), Itzhak (Zahi) Ben-David (Ohio State University), Douglas D. Evanoff (Federal Reserve Bank of Chicago) 

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Break (30 minutes)

Moderator: Marquise McGraw
Discussant: Yiwei Zhang

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Paper 1

From Proliferation to Parsimony in Behavioral Economics: New Elicitation Methods, Summary Statistics, and Links to Real-Work Outcomes
Presenter/author: Jonathan Zinman (Dartmouth College)
Co-authors: Victor Stango (University of California Davis, Graduate School of Management), Joanne Yoong (Center for Economic and Social Research)

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Paper 2

Awareness of Low Self-Control: Theory and Evidence from a Homeless Shelter
Presenter/author: Elif Incekara-Hafalir (Carnegie Mellon University)
Co-author: Sera Linardi (University of Pittsburgh)

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Paper 3

Economic Scarcity and Consumer Credit Choice 
Presenter/author: Marieke Bos (Swedish House of Finance)
Co-authors: Chloe Le Coq (Stockholm School of Economics), Peter van Santen (Sveriges Riksbank)

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Brigitte Madrian (Aetna Professor of Public Policy and Corporate Management, Harvard University)

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Moderator: Christa Gibbs
Discussant: Scott Fulford

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Paper 1

The Marginal Propensity to Consume Out of Credit: Evidence From Random Assignment of 54,522 Credit Lines
Presenter/author: Deniz Aydin (Washington University in St. Louis)

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Paper 2

High Cost Debt and Borrower Reputation: Evidence From the UK
Presenter/author: Andres Liberman (New York University)
Co-authors: Daniel Paravisini (London School of Economics), Vikram Pathania (University of Sussex)

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Paper 3

Mitigating the Risk of Financial Inclusion with Loan Contract Terms
Presenter/author: Diego Jimenez (Stanford University)
Co-authors: Sara Castellanos (Banco de México), Aprajit Mahajan (University of California Berkeley), Enrique Seira (Instituto Tecnológico Autónomo de México)

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Paper 4

On the Effect of Student Loans on Access to Home Ownership
Presenter/author:  Kamila Sommer (Federal Reserve Board)
Co-authors: Alvaro Mezza (Federal Reserve Board), Daniel Ringo (Federal Reserve Board), Shane Sherlund (Federal Reserve Board)

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Break (30 minutes)

Moderator: Dustin Beckett
Discussant: Melissa Knoll

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Paper 1

Financial (Dis-) Information: Evidence from A Multi-Country Audit Study
Presenter/author: Xavier Gine (World Bank)
Co-author: Rafael Mazer (World Bank)

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Paper 2

Testing the Effectiveness of Consumer Financial Disclosure: Experimental Evidence from Savings Accounts

Presenter/author: Christopher Palmer (University of California Berkeley)
Co-authors: Paul Adams (Financial Conduct Authority), Stefan Hunt (Financial Conduct Authority), Redis Zaliauskas (Financial Conduct Authority)

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Paper 3

The Display of Information and Household Investment Behavior
Presenter/author: Maya Shaton (Federal Reserve Board)

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