The 27th Macro Finance Society Workshop will be held May 1-2, 2026, hosted and co-sponsored by the Rodney L. White Center for Financial Research at the Wharton School in Philadelphia, and organized by Tim Landvoigt (Wharton) and Sean Myers (Wharton). The workshop aims to bring together researchers whose work spans both macroeconomics and finance. Special consideration will be given to papers authored by junior faculty members of The Society, as well as papers that have not been presented or scheduled for presentation at major conferences.
The workshop will start in the afternoon May 1st with methods lectures by Winston Wei Dou (Wharton) and Thomas Winberry (Wharton), followed by a conference dinner. May 2nd will feature a full day of conference presentations, including a keynote address by distinguished speaker Markus Brunnermeier (Princeton).”
Registration
Registration for the conference is now open.
The workshop registration is $200 and includes dinner on May 1 and breakfast and lunch on May 2.
A hotel block at the Study University City will be available soon.
Workshop Agenda
Sessions will be held at the Wharton School’s Steinberg-Dietrich Hall, 3620 Locust Walk, Philadelphia.
Friday, May 1
2:30–3:30 PM Methods Lecture Winston Dou
4:00–5:00 PM Methods Lecture Thomas Winberry
6:00 Conference Dinner, The Study, 20 S. 33rd st.
Saturday, May 2
7:30–8:30 AM Breakfast and Registration
8:30–9:20 AM “Heterogeneous Beliefs, Asset Prices, and Business Cycles”
Saki Bigio (UCLA and NBER), Dejanir Silva (Purdue University), and Eduardo Zilberman (PUC-Rio)
Discussant: Cosmin Ilut (Duke University)
9:30–10:20 AM “A Quantitative Model of Bank Merger Dynamics”
Dean Corbae (University of Wisconsin-Madison and NBER), Pablo D’Erasmo (Federal Reserve Bank of Philadelphia), and Charles R. Smith (University of Wisconsin-Madison)
Discussant: Juliane Begenau (Stanford University)
10:30–11:20 AM “Time-Varying Risk Premia, Firm Insurance, and Endogenous Labor Income Risk”
Maarten Meeuwis (Washington University in St. Louis), Dimitris Papanikolaou (Kellogg School of Management and NBER), and Lawrence D. W. Schmidt (MIT Sloan School of Management)
Discussant: Martin Souchier (University of Pennsylvania)
11:30–12:20 PM Keynote Address by Markus Brunnermeier (Princeton)
12:20–1:50 PM Lunch & PhD Poster Session
1:50–2:40 PM “The Fragility of Government Funding Advantage”
Jonathan Payne (Princeton University) and Bálint Szőke (Federal Reserve Board)
Discussant: Saki Bigio (UCLA)
2:50–3:40 PM “Wealth Inequality and Safe Asset Demand”
Xuning Ding (Graduate School of Business, Stanford University) and Zhengyang Jiang (Kellogg School of Management, Northwestern University)
Discussant: Joachim Hubmer (University of Pennsylvania)
3:50–4:40 PM “A New Keynesian Model for Financial Markets”
Thomas Mertens (Federal Reserve Bank of San Francisco) and Tony Zhang (Federal Reserve Board)
Discussant: Anna Cieslak (Duke University)