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NATIONAL BUREAU OF ECONOMIC RESEARCH, INC.

 

Macroeconomics Within and Across Borders

 

Mark A. Aguiar, Patrick Kehoe, and Mark L. J. Wright, Organizers

 

December 7, 2012

 

Federal Reserve Bank of Chicago

 

PROGRAM

 

Friday, December 7:


8:30 am


Continental breakfast


9:00 am


Jean Tirole, Toulouse School of Economics

Country Solidarity, Private Sector Involvement and the Contagion of Sovereign Crises

Discussant: Guido Lorenzoni, Northwestern University and NBER


10:00 am


Markus K. Brunnermeier, Princeton University and NBER
Yuliy Sannikov, Princeton University
The I Theory of Money

Discussant: Marco Bassetto, Federal Reserve Bank of Chicago and NBER


11:00 am


Coffee break


11:30 am


Renee Bowen, Stanford University
David Kreps, Stanford University
Andrzej Skrzypacz, Stanford University
Rules with Discretion and Local Information

Discussant: Pierre Yared, Columbia University and NBER


12:30 pm


Lunch


1:30 pm


Harris Dellas, University of Bern
Dirk Niepelt, Study Center Gerzensee
Credibility for Sale

Discussant: Fernando Broner, CREI, Universitat Pompeu Fabra, and Barcelona GSE


2:30 pm


Coffee break


3:00 pm


Alessandro Dovis, University of Minnesota
Efficient Sovereign Default

Discussant:  Andrew Atkeson University of California at Los Angeles and NBER


4:00 pm


Emmanuel Farhi, Harvard University and NBER
Ivan Werning, Massachusetts Institute of Technology and NBER
Fiscal Unions

Discussant: Oleg Itskhoki Princeton University and NBER


5:00 pm


Adjourn


6:00 pm


Dinner