Capital Flows, Currency Wars and Monetary Policy
April 5-6, 2018
Thursday, April 5
FORMAT
35 minutes author
15 minutes discussant
10 minutes general discussion
8:30 am
Continental Breakfast
9:00 am

US Monetary Policy and the Global Financial Cycle (slides)

(discussant slides)
Silvia Miranda-Agrippino, University of Oxford
Hélène Rey, London Business School and NBER

Discussant:
John Y. Campbell, Harvard University and NBER
10:00 am
Break
10:15 am

A Model of Fickle Capital Flows and Retrenchment (slides)

(discussant slides)
Ricardo J. Caballero, Massachusetts Institute of Technology and NBER
Alp Simsek, Yale University and NBER

Discussant:
Matteo Maggiori, Stanford University and NBER
11:15 am
Break
11:30 am

Foreign Reserve Management (slides)

(discussant slides)
Manuel Amador, University of Minnesota and NBER
Javier Bianchi, Federal Reserve Bank of Minneapolis
Luigi Bocola, Stanford University and NBER
Fabrizio Perri, Federal Reserve Bank of Minneapolis

Discussant:
Charles Engel, University of Wisconsin - Madison and NBER
12:30 pm
Lunch
1:30 pm

Balance Sheets, Exchange Rates, and International Monetary Spillovers (slides)

(discussant slides)
Ozge Akinci, Federal Reserve Bank of New York
Albert Queralto Olive, Federal Reserve Board of Governors

Discussant:
Giancarlo Corsetti, European University Institute
2:30 pm
Break
2:45 pm

Currency Manipulation (slides)

(discussant slides)
Tarek Alexander Hassan, Boston University and NBER
Thomas Mertens, Federal Reserve Bank of San Francisco
Tony Zhang, Arizona State University

Discussant:
Liliana Varela, London School of Economics and Political Science (LSE)
3:45 pm
Break
4:00 pm
Panel
Olivier J. Blanchard, Peterson Institute for International Economics and NBER
Maurice Obstfeld, International Monetary Fund and NBER
Kenneth S. Rogoff, Harvard University and NBER
5:00 pm
Adjourn
6:30 pm
Dinner in Skyline Room, Royal Sonesta Hotel

Speaker: Mohamed El-Erian, NBER Board Member
Friday, April 6
8:00 am
Continental Breakfast
8:30 am

Global Trade and the Dollar (slides)

(discussant slides)
Emine Boz, International Monetary Fund
Gita Gopinath, Harvard University and NBER
Mikkel Plagborg-Møller, University of Chicago

Discussant:
Michael B. Devereux, University of British Columbia and NBER
9:30 am
Break
9:45 am

Currency Wars, Trade Wars and Global Demand (slides)

(discussant slides)
Olivier Jeanne, Johns Hopkins University and NBER

Discussant:
Alberto Martin, CREI, UPF and BSE
10:45 am
Break
11:00 am

Macroprudential FX Regulations: Shifting the Snowbanks of FX Vulnerability (slides)

(discussant slides)
Toni Ahnert, European Central Bank
Kristin Forbes, Massachusetts Institute of Technology and NBER
Christian Friedrich, Bank of Canada
Dennis Reinhardt, Bank of England

Discussant:
Jeffrey A. Frankel, Harvard University and NBER
12:00 pm
Lunch
1:00 pm

Trade and Currency Weapons (slides)

(discussant slides)
Agnes Benassy-Quere, Paris School of Economics
Matthieu Bussiere, Banque de France
Pauline Wibaux, CEPII

Discussant:
Philippe Martin, Sciences Po
2:00 pm
Break
2:15 pm

Exchange Rates and the Transmission of Global Liquidity (slides)

(discussant slides)
Stefan Avdjiev, Bank for International Settlements
Catherine Koch, Swiss National Bank
Hyun Song Shin, Bank for International Settlements

Discussant:
Jesse Schreger, Columbia University and NBER
3:15 pm
Adjourn