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International Seminar on Macroeconomics

Program Organizers:  Richard Clarida and Lucrezia Reichlin

ISOM Co-Chairs:  Jeffrey Frankel and
Hélène Rey

June 24-25, 2016

Hosted by Sofia University

Central Park Hotel Sofia
106, Vitosha Blvd.
1463 Sofia, Bulgaria



Participant List


Friday, June 24

8:30 am

Continental Breakfast

9:00 am

Welcome and Opening Remarks

9:15 am

Enrique Alberola, Bank for International Settlements
Gianluca Benigno, London School of Economics
Revisiting the Commodity Resource Curse: A Financial Perspective


Discussants:    Drago Bergholt, Norges Bank
                        Martin Uribe, Columbia University and NBER

10:30 am


10:45 am

Yusuf Soner Baskaya, CBRT
Julian di Giovanni, Universitat Pompeu Fabra
Sebnem Kalemli-Ozcan, University of Maryland and NBER
José-Luis PeydroUniversitat Pompeu Fabra
Mehmet Fatih Ulu, CBRT
International Spillovers and Local Credit Cycles


Discussants:    Benoit Mojon, Banque de France
                        Romain Ranciere, International Monetary Fund

12:00 pm


1:30 pm

Luca Dedola, European Central Bank
Giulia Rivolta, University of Brescia
Livio Stracca, European Central Bank
If the Fed Sneezes, Who Catches a Cold?


Discussants:    Richard Clarida, Columbia University and NBER
                        Giovanni Ricco,
University of Warwick

2:45 pm


3:00 pm

Vania Stavrakeva, London Business School
Optimal Capital Flows in a Model with Financial Frictions and Imperfectly Competitive Banking Sector

Discussants:    Fernando Broner, Universitat Pompeu Fabra
                        Alexi Savov, New York University and NBER

4:15 pm

Luis Felipe Céspedes, Central Bank of Chile
Roberto Chang, Rutgers University and NBER
Andrés Velasco, Columbia University and NBER
Financial Intermediation, Exchange Rates, and Unconventional Policy in an Open Economy

Discussants:    Jordi Gali, Universitat Pompeu Fabra and NBER
                        Paolo Pesenti, Federal Reserve Bank of New York and NBER

5:30 pm


7:00 pm

Dinner at Moma Restaurant (10-minute walk from hotel)



Saturday, June 25

8:30 am

Continental Breakfast

9:00 am

Kathryn Holston, Federal Reserve Board
Thomas Laubach, Federal Reserve Board
John Williams, Federal Reserve Bank of San Francisco
Measuring the Natural Rate of Interest: International Trends and Determinants


Discussants:    Emanuel Moench, Deutsche Bundesbank
                        Kenneth West, University of Wisconsin at Madison and NBER

10:15 am


10:30 am

Andrés Fernández, Inter-American Development Bank
Stephanie Schmitt-Grohe, Columbia University and NBER
Martin Uribe, Columbia University and NBER
World Shocks, World Prices, and Business Cycles: An Empirical Investigation


Discussants:    Laura Alfaro, Harvard University and NBER
                        Ivan Petrella, Bank of England

11:45 am

Karen Lewis, University of Pennsylvania and NBER
Edith Liu, Federal Reserve Board
Disaster Risk and Asset Returns:  An International Perspective


Discussants:    Charles Engel, University of Wisconsin at Madison and NBER
                        Huw Pill, Goldman Sachs

1:00 pm

Lunch and Adjourn

2:00 pm

Sofia City Tour by Bus

3:00 pm

Visit the Alexander Nevski Patriarch Monument and Crypt

3:40 pm

Walk to Kvadrat 500 Art Gallery

7:00 pm

Dinner at Sofia Grand Hotel



Contact Person:
Dr. Kosyo Stoychev, Sofia University
Mobile: +359 878 482 461