NATIONAL BUREAU OF ECONOMIC RESEARCH

 

Conference on International Dimensions of Monetary Policy

 

Jordi Gali and Mark Gertler, Organizers

 

June 11-13, 2007

 

Hostal de la Gavina

S'Agaró, Catalonia, Spain

 

Program

 

Monday, June 11

 

 

1:00 pm

Lunch

 

 

Session 1:

 

 

 

2:00 pm 

Christopher Erceg, Christopher Gust and

 

David Lopez-Salido, Federal Reserve Board

 

The Transmission of Domestic Shocks in Open Economies

 

 

 

Discussant:  Malin Adolfson, Bank of Sweden

 

 

3:00 pm

Günter Coenen, Giovanni Lombardo, Frank Smets and

 

Roland Straub, European Central Bank

 

International Transmission and Monetary Policy Cooperation

 

 

 

Discussant:  Christopher Sims, Princeton University and NBER

 

 

4:00 pm

Break

 

 

Session 2:

 

 

 

6:00 pm 

Jean Boivin, HEC Montréal and NBER

 

Marc Giannoni, Columbia University and NBER

 

Global Forces and Monetary Policy Effectiveness

 

 

 

Discussant:  Lucrezia Reichlin, European Central Bank

 

 

7:00 pm

Olivier Blanchard, MIT and NBER

 

Jordi Galí, CREI and NBER

 

The Macroeconomic Effects of Oil Price Shocks:  Why are the 2000s so different from the 1970s?

 

 

 

Discussant:  Julio Rotemberg, Harvard University and NBER

 

 

8:00 pm

Adjourn and Dinner

 

 

 

Dinner Speaker:  Lucas Papademos, European Central Bank

 

The Effects of Globalization on Inflation, Liquidity and Monetary Policy 

 

 

Tuesday, June 12

 

 

Session 1:

 

 

 

9:00 am

Nicoletta Batini, IMF

 

Paul Levine, University of Surrey

 

Joseph Pearlman, London Metropolitan University

 

Monetary Rules in a Partially Dollarized Small Open Economy with Financial Market Imperfections

 

 

 

Discussant:  Frederic Mishkin, Federal Reserve Board and NBER

 

 

10:00 am

Break

 

 

Session 2:

 

 

 

10:30 am

Andrea Ferrero, Federal Reserve Bank of New York

 

Mark Gertler, New York University and NBER

 

Lars Svensson, Princeton University and NBER

 

Current Account Dynamics and Monetary Policy

 

 

 

Discussant:  Paolo Pesenti, Federal Reserve Bank of New York and NBER

 

 

11:30 am

Harald Uhlig, Humboldt University

 

Monetary Policy in Europe vs the US:  What Explains the Difference?

 

 

 

Discussant:  Andrew Levin, Federal Reserve Board

 

 

12:30 pm

Lunch

 

 

 

Lunch Speaker:  John Taylor, Stanford University and NBER

 

 

1:30 pm

Afternoon Break

 

 

7:00 pm

Policy Panel

 

Martin Feldstein, Harvard University and NBER

 

Donald Kohn, Federal Reserve Board

 

Rakesh Mohan, Reserve Bank of India

 

Jose Vinals, Bank of Spain

 

 

8:00 pm

Adjourn and Dinner

 

 

 

 

 

 

Wednesday, June 13

 

 

Session 1:

 

 

 

9:00 am

Argia Sbordone, Federal Reserve Bank of New York

 

Globalization and Inflation Dynamics:  A Structural Perspective

 

 

 

Discussant:  Tommaso Monacelli, IGIER, Universita Bocconi

 

 

10:00 am

Break

 

 

Session 2:

 

 

 

10:30 am

Giancarlo Corsetti, European University Institute

 

Luca Dedola, European Central Bank

 

Sylvain Leduc, Federal Reserve Board

 

Optimal Monetary Policy and the Sources of Local-Currency Price Stability

 

 

 

Discussant:  Philippe Bacchetta, Study Center Gerzensee

 

 

11:30 am

Michael Woodford, Columbia University and NBER

 

Globalization and Monetary Control

 

 

 

Discussant:  David Romer, UC, Berkeley and NBER

 

 

12:30 pm

Lunch and Conference Adjourns

 

 

 

 

 

 

 

 

 

 

 

 

6/8/07