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NATIONAL BUREAU OF ECONOMIC RESEARCH, INC.

SI 2013 International Finance & Macroeconomics

Pierre-Olivier Gourinchas and Michael B. Devereux, Organizers

 

Jeffrey A. Frankel, Program Director

July 8-12, 2013

Royal Sonesta Hotel
Parkview Room
40 Edwin H. Land Boulevard
Cambridge, Massachusetts

PROGRAM

 

Monday, July 8


7:45 am


Coffee and pastries


8:20 am


Mark A. Aguiar, Princeton University and NBER
Manuel Amador, Stanford University and NBER
Emmanuel Farhi, Harvard University and NBER
Gita Gopinath, Harvard University and NBER
Crisis and Commitment: Inflation Credibility and Vulnerability to Sovereign Debt Crises

Discussant: Olivier Jeanne, Johns Hopkins University and NBER


9:10 am


Julian Schumacher, Free University Berlin
Christoph S. Trebesch, University of Munich
Henrik Enderlein, Harvard University and Hertie School of Governance
Sovereign Defaults in Court: The Rise of Creditor Litigation

Discussant: Carmen Reinhart, Harvard University and NBER


10:00 am


Break


10:20 am


Enrico Sette, Bank of Italy - Research Department
Marcello Bofondi, Bank of Italy
Luisa Carpinelli, Bank of Italy
The Bright Side of Global Banks

Discussant: Atif Mian, Princeton University and NBER


11:10 am


Julian di Giovanni, International Monetary Fund
Rudolfs Bems, International Monetary Fund
Sudden Stops and Expenditure Switching: The Role of Income and Relative Prices

Discussant: Philippe Martin, Sciences Po


12:00 pm


Adjourn and lunch


Tuesday, July 9


7:45 am


Coffee and pastries


8:20 am


Oleg Itskhoki, Princeton University and NBER
Benjamin Moll, Princeton University and NBER
Optimal Development Policies with Financial Frictions

Discussant: Ivan Werning, Massachusetts Institute of Technology and NBER


9:10 am


David Berger, Northwestern University
Joseph Vavra, University of Chicago and NBER
Volatility and Pass-through

Discussant: Linda Tesar, University of Michigan and NBER


10:00 am


Break


10:20 am


Linda S. Goldberg, Federal Reserve Bank of New York and NBER
C
edric Tille, GIIDS
A Bargaining Theory of Trade Invoicing and Pricing

Discussant: Brent Neiman, University of Chicago and NBER


11:10 am


Thomas Piketty, Paris School of Economics
Gabriel Zucman, Paris School of Economics
Capital is Back: Wealth-Income Ratios in Rich Countries 1700-2010

Discussant: Chang-Tai Hsieh, University of Chicago and NBER


12:00 pm


Adjourn and lunch


Wednesday July 10

There is no official IFM program on this day, due to an overlap with the Monetary Economics Federal Reserve one-day Conference. IFM attendees are invited to attend those sessions on that day.


Thursday, July 11


8:00 am


Coffee and pastries


8:30 am


Michael W. Klein, Tufts University and NBER
Jay C. Shambaugh, George Washington University and NBER
Rounding the Corners of the Policy Trilemma: Sources of Monetary Policy Autonomy

Discussant: Menzie Chinn, University of Wisconsin, Madison and NBER


9:30 am


Break


9:45 am


Jordi Gali, CREI and NBER
Tommaso Monacelli, Bocconi University
Understanding the Gains from Wage Flexibility: Th Exchange Rate Connection

Discussant: Stephanie Schmitt-Grohe, Columbia University and NBER


10:45 am


Break


11:00 am


Viral V. Acharya, New York University and NBER
Sascha Steffen, European School of Management and Technology
The "Greatest Carry Trade Ever? Understanding Eurozone Bank Risks

Discussant: Anil Kashyap, University of Chicago and NBER


12:00 pm


Adjourn and lunch


Friday, July 12


7:45 am


Coffee and pastries


8:20 am


Gauti Eggertsson, Brown University and NBER
Andrea Ferrero, Federal Reserve Bank of New York
Andrea Raffo, Federal Reserve Board
Can Structural Reforms Help Europe??

Discussant: Jesus Fernandez-Villaverde, University of Pennsylvania and NBER


9:10 am


Matteo Maggiori, New York University and NBER
The U.S. Dollar Safety Premium

Discussant: Adrien Verdelhan, Massachusetts Institute of Technology and NBER


10:00 am


Break


10:20 am


Galina Hale, Federal Reserve Bank of San Francisco
Christopher A. Candelaria, Stanford University
Julian Caballero, Inter-American Development Bank
Bank Linkages and International Trade

Discussant: Sebnem Kalemli-Ozcan, University of Maryland and NBER


11:10 am


Alexandra M. Tabova, Federal Reserve Board
Carol Bertaut, Federal Reserve Board
Vivian Wong, Federal Reserve Board
The Replacement of Safe Assets in the U.S. Financial Bond Portfolio and Implications for the U.S. Financial Bond Home Bias

Discussant: Nicolas Coeurdacier, Sciences Po


12:00 pm


Adjourn and lunch