Balance Sheet Adjustment
Zhiguo He (University of Chicago), In Gu Khang (Northwestern University) and Arvind Krishnamurthy(Northwestern University and NBER)
Discussant: Nicolae Garleanu (University of California, Berkeley, NBER and CEPR)
Arvind mentioned that having better data would make this analysis more useful and that the Federal Reserve Bank of New York would have the data from the stress tests… note to the NY Fed… publish the data in anonymous form….