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Firm Dynamics and the Macroeconomy

The goal of the conference is to bring together economists, finance and risk management professionals, and regulators to consider the reasons for the growth of nonbank providers of financial services and the implications of these providers for the stability of the financial system.

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Conference Details

Date: November 12-13, 2026
Location: Federal Reserve Bank of Atlanta

Address:
1000 Peachtree Street NE
Atlanta, Georgia 30309

Organized by Salome Baslandze, Veronika Penciakova, and Jon Willis of the Federal Reserve Bank of Atlanta. If you are interested in attending, please contact Kanda Cummings at kanda.cummings@atl.frb.org.

The deadline for registration is Thursday, October 22, 2026.

Agenda

Time Session
Thursday, November 12
11:30 a.m. Lunch
12:30 p.m. Welcome
12:45 Session 1: New Technologies, Market Structure, and Labor Markets
Anchor talk
"Technology and Labor Markets"
Dimitris Papanikolaou, Northwestern University
1:45 Break
2:15 "Integrators: The Firm Boundaries of Capital-Skill Complementarity"
Anders Humlum, University of Chicago Booth School of Business, with Gert Bijnens and Stijn Vanormelingen
Discussant: Aakash Kalyani, Federal Reserve Bank of St. Louis
3:15 "AI in the Office and the Factory: Evidence from Administrative Software Registry Data"
Gustavo de Souza, Federal Reserve Bank of Chicago
Discussant: Michael Navarrete, Federal Reserve Bank of Atlanta
4:15 Break
4:30 "Technology-Driven Market Concentration through Idea Allocation"
Yueyuan Ma University of California–Santa Barbara, with Shaoshuang Yang
Discussant: Kai-Jie Wu, Pennsylvania State University
5:30 Reception
6:30 Dinner
Friday, November 13
8:15 a.m. Breakfast
9:15 Session 2: New Technologies, Financial Frictions, and Firm Growth
Anchor talk
"The Great Accretion and the Great Depression"
Jeremy Greenwood, University of Pennsylvania
10:15 Break
10:45 "Lost in Transition: Financial Barriers to Green Growth"
Maarten De Ridder, London School of Economics, with Philippe Aghion, Antonin Bergeaud, and John Van Reenen
Discussant: Andrea Lanteri, Duke University
11:45 Lunch
1:00 p.m. "The Origins of Top Firms"
Federico Kochen, CEMFI, with Rafael Guntin
Discussant: Sergio Salgado, Wharton School, University of Pennsylvania
2:00 "Technifying Ventures"
Emin Dinlersoz, US Census Bureau, with Yoshiki Ando, Jeremy Greenwood, and Ruben Piazzesi
Discussant: Jeremy Pearce, Federal Reserve Bank of New York
3:00 Adjournment

Format: keynote talks: 1 hour (including questions); regular talks: 30 minutes author, 15 minutes discussant, 15 minutes general audience.