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NATIONAL BUREAU OF ECONOMIC RESEARCH, INC.

ISOM – Rome, June 21-22, 2013

 

Jeffrey Frankel and Francesco Giavazzi, ISOM Chairs

Richard Clarida and Lucrezia Reichlin, Program Organizers

Bank of Italy

Via Nazionale, 91
Rome, Italy

Program

 

Friday, June 21

 

CAPITAL FLOWS I

 

 

 

 

9:00 am

Welcome and Opening Remarks

 

 

 

 

9:15 am

Hot Money and Dark Matter

 

 

Martin Evans, Georgetown University

 

 

 

Discussants:

 

Jeffrey Frankel, Harvard University and NBER

 

 

Robert  Kollmann, ULB-ECARES and CEPR

 

 

 

10:30 am

Coffee Break

 

 

 

 

10:45 am

Demography and Low-Frequency Capital Flows

 

 

David Backus, New York University and NBER

 

 

Thomas Cooley, New York University and NBER

 

 

Espen Henriksen, University of California at Davis

 

 

 

 

Discussants:

 

 

Charles Engel, University of Wisconsin and NBER

 

 

Carlo Favero, Bocconi University and CEPR

 

 

 

 

12:00 pm

Lunch

 

 

 

CAPITAL FLOWS II

 

 

 

1:30 pm

The Effects of the Saving and Banking Glut on the U.S. Economy

 

Alejandro Justiniano, Federal Reserve Bank of Chicago

 

 

Giorgio Primiceri, Northwestern University and NBER

 

Andrea Tambalotti, Federal Reserve Bank of New York

 

 

 

 

Discussants:

 

 

Klaus Adam, University of Mannheim and CEPR

 

 

Martin Uribe, Columbia University and NBER

 

 

 

2:45 pm

Coffee Break

 

 

 

3:00 pm

On the Connection between Intra-Temporal and Intertemporal Trades

 

Jiandong Ju, University of Oklahoma

 

Kang Shi, Chinese University of Hong Kong

 

Shang-Jin Wei, Columbia University and NBER

 

 

 

 

Discussants:
Richard Clarida, Columbia University and NBER

 

 

Giancarlo Corsetti, Cambridge University and CEPR

 

 

 

4:15 pm

Adjourn

 

6:30 pm

Shuttle Bus leaves from Bank of Italy for Group Dinner at
Ristorante Cacciani - via A. Diaz, 13 - 00044 Frascati

 

 

 

Saturday, June 22

 

BANKS AND CONTAGION

 

 

 

9:00 am

Bank Linkages, Diversification, and Contagion

 

 

Galina Hale, Federal Reserve Bank of San Francisco

 

 

Jean Imbs, Paris School of Economics and CEPR
Elliot Marks, Federal Reserve Bank of San Francisco

 

 

Discussants:

 

 

Sebnem Kalemli-Ozcan, University of Maryland and NBER

 

Fabrizio Perri, Bocconi University and NBER

 

 

 

 

10:15 am

Coffee Break

 

 

10:30 am

The Procyclicality of Foreign Bank Lending: Evidence from the Global Financial Crisis

 

 

Ugo Albertazzi, Bank of Italy

 

 

Margherita Bottero, Bank of Italy

 

 

 

 

Discussants:

 

 

Ben Craig, Federal Reserve Bank of Cleveland and Bundesbank

 

 

Jose-Luis Peydro, Universitat Pompeu Fabra and CEPR

 

11:45 am

Lunch

 

MONETARY POLICY

 

 

 

1:15 pm

The Relevance or Otherwise of the Central Bank’s Balance Sheet

 

 

David Miles, Bank of England

 

 

Jochen Schanz, Bank of England

 

 

 

 

Discussants:

 

Huw Pill, Goldman Sachs

 

 

Stephanie Schmitt-Grohe, Columbia University and NBER

 

 

 

2:30 pm

Measuring the Effect of the Zero Lower Bound on Yields and Exchange Rates in the U.K. and Germany

 

 

Eric Swanson, Federal Reserve Bank of San Francisco
John Williams, Federal Reserve Bank of San Francisco

 

 

 

 

Discussants:

 

 

Domenico Giannone, ULB-ECARES and CEPR

 

 

Kenneth West,  University of Wisconsin and NBER

 

 

 

 

3:45 pm

Adjourn

 

 

4:15 pm

Shuttle Bus leaves from Bank of Italy for Rome Walking Tour beginning at Piazza Navona and ending at Piazza del Quirinale (tour will last 1 ½ hours)

 


Participant List