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The two-day conference consists 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. 12, 2019

Welcome by Jason Brown, Assistant Director, CFPB Office of Research

Paper 1

Weathering Volatility 2.0: A Monthly Stress Test to Guide Savings

  • Presenter/author: Fiona Greig (JPMorgan Chase Institute)
  • Co-authors: Diana Farrell (JPMorgan Chase Institute), Chenxi Yu (JPMorgan Chase Institute)

Paper 2

Consumption Heterogeneity: Micro Drivers and Macro Implications

  • Presenter/author: Edmund Crawley (Federal Reserve Board)
  • Co-author: Andreas Kuchler (Danmarks Nationalbank)

Paper 3

Perceived Precautionary Savings Motives: Evidence from FinTech

  • Presenter/author: Thomas Rauter (University of Chicago Booth School of Business)
  • Co-authors: Francesco D’Acunto (Boston College Carroll School of Management), Christoph Scheuch (Vienna Graduate School of Finance), Michael Weber (University of Chicago Booth School of Business)

Discussant: David Low | Moderator: Ryan Sandler

Poster session and break (30 minutes)

Paper 1

Shocked by Bank Funding Shocks: Evidence from 500 Million Consumer Credit Cards

  • Presenter/author: Nikhil Paradkar (Scheller College of Business at Georgia Institute of Technology)
  • Co-authors: Sudheer Chava (Scheller College of Business at Georgia Institute of Technology), Rohan Ganduri (Goizueta Business School at Emory University), Linghang Zeng (Babson College)

Paper 2

The Effect of Secondary Market Existence on Primary Market Liquidity: A Natural Experiment in Peer-to-Peer Lending

  • Presenter/author: Jun Yang (Indiana University)
  • Co-authors: Craig Holden (Indiana University), Mingfeng Lin (Georgia Institute of Technology), Kai Lu (University of Science and Technology of China), Zaiyan Wei (Purdue University)

Discussant: Scott Fulford | Moderator: Judith Ricks

Keynote by Michael Baye

Introduction by Deputy Director Brian Johnson

Paper 1

Default Options and Retirement Saving Dynamics

  • Presenter/author: Taha Choukhmane (NBER and MIT Sloan)

Paper 2

Limited demand for flexibility - commitment, inertia and inattention in debt repayment.

  • Presenter/author: Erkki Vihriälä (University of Oxford) 
Paper 3

Gender and Misjudgement of Loan Repayment Ability: Evidence from Unsecured Consumer Loans

  • Presenter/author: Irina Dyshko (Johann Wolfgang Goethe University Frankfurt) 

Discussant: Caroline Ratcliffe | Moderator: Young Jo

Poster session and break (30 minutes)

Paper 1

The Effects of Information on Credit Market Competition: Evidence from Credit Cards

  • Presenter/author: Andres Liberman (New York University)
  • Co-authors: Fritz Foley (Harvard Business School), Agustin Hurtado (University of Chicago Booth School of Business), Alberto Sepulveda (Comision para el Mercado Financiero)

Paper 2

Public Disclosure and Consumer Financial Protection

  • Presenter/author: Yiwei Dou (New York University Stern School of Business)
  • Co-author: Yongoh Roh (New York University Stern School of Business)
Discussant: Claire Brennecke | Moderator: B. Heath Witzen

Friday, December 13, 2019

Paper 1

The Semblance of Success in Nudging Consumers to Pay Down Credit Card Debt

  • Presenter/author: Benedict Guttman-Kenney (University of Chicago Booth School of Business)
  • Co-authors: Paul D. Adams (Autoriteit Financiële Markten), Stefan Hunt (Competition and Markets Authority), David Laibson (Harvard University and NBER), Neil Stewart (Warwick Business School)

Paper 2

Decomposing Present Value Effects: Evidence from a Large-Scale Restructuring Experiment

  • Presenter/author: Deniz Aydin (Washington University in St. Louis Olin Business School)

Discussant: Brianna Middlewood | Moderator: Nicholas Li

Poster session and break (30 minutes)

Paper 1

Payday Lending, Self-Control, and Consumer Protection

  • Presenter/author: Dmitry Taubinsky (University of California, Berkeley and NBER)
  • Co-authors: Hunt Allcott (Microsoft Research, New York University, and NBER), Joshua Kim (Stanford University), Jonathan Zinman (Dartmouth College and NBER)

Paper 2

Misfortune and Mistake: The Financial Conditions and Decision-making Ability of High-Cost Loan Borrowers

  • Presenter/author: Dan Silverman (Arizona State University and NBER)
  • Co-authors: Leandro Carvalho (Center for Economic and Social Research at University of Southern California), Arna Olafsson (Copenhagen Business School and Danish Finance Institute) 

Discussant:  Christine Dobridge | Moderator: Éva Nagypál

Closing remarks by Director Kathleen L. Kraninger