Corporate finance.

• Position: Program and Working Group Meetings

The NBER's Program on Corporate Finance met in Chicago on March 24. Faculty Research Fellow Martin Oehmke of Columbia University and Research Associate Adriano A. Rampini of Duke University organized the meeting. These researchers' papers were presented and discussed:

* Jean-Noel Barrot and Erik Loualiche, MIT; Matthew C. Plosser, Federal Reserve Bank of New York; and Julien Sauvagnat, Bocconi University (Milan), "Import Competition and Household Debt"

* Francesco D'Acunto and Alberto G. Rossi, University of Maryland, "Ditching the Middle Class with Financial Regulation"

* Vyacheslav Fos, Boston College, and Andres Liberman and Constantine Yannelis, New York University, "Debt and Human Capital: Evidence from Student Loans"

* Gustaf Bellstam, Sanjai Bhagat, and J. Anthony Cookson, University of Colorado Boulder, "A Text-Based Analysis of Corporate Innovation"

* Peter M. DeMarzo, Stanford University and NBER, and Zhiguo He, University of Chicago and NBER, "Leverage Dynamics without Commitment" (NBER Working Paper No. 22799)

* Manuel Adelino, Duke...