Firms' Cost of Capital and Investment Conference
The relation between financial prices and firms' cost of capital plays a key role in macro-financial cycles. In recent years, we have observed stock market swings, secular interest rate declines, inflationary spikes, and large monetary policy interventions. All these shocks should, according to standard theory, drive the cost of capital and ultimately shift investment. This conference will explore to what extent these shocks operate through a cost of capital channel and how policy can be tailored to match how the cost of capital works in practice.
This conference is scheduled to take place Thursday and Friday, May 8--9, 2025. The conference is by invitation only. If you have any questions, please email Jennifer Williams.