Thursday, June 22
9:15 am
Welcome Coffee
9:45 am
Opening Remarks:
Jeffrey A. Frankel, Harvard University and NBER

Jessica Cariboni, Deputy Head, Economic and Financial Resilience Unit, European Commission's Joint Research Centre
9:46 am
Chair: Hélène Rey
10:00 am

Sovereign Debt and Economic Growth when Government is Myopic and Self-interested

Viral V. Acharya, New York University and NBER
Raghuram Rajan, University of Chicago and NBER
Jack Shim, New York University

Discussants:
Jeromin Zettelmeyer, Bruegel
José De Gregorio, Universidad de Chile
11:15 am

Quantifying the Germany Shock: Structural Reforms and Spillovers in a Currency Union

Harald Fadinger, University of Vienna
Philipp Herkenhoff, University of Mainz
Jan S. Schymik, University of Mannheim

Discussants:
Martin Wolf, University of St. Gallen
Francesco Giavazzi, Bocconi University and NBER
12:30 pm
Lunch
Chair: Marco Ratto
1:30 pm

Unveiling the Dance of Commodity Prices and the Global Financial Cycle

Luciana Juvenal, International Monetary Fund
Ivan Petrella, Warwick University

Discussants:
Neil Kellard, University of Essex
Jeffrey A. Frankel, Harvard University and NBER
2:45 pm
Break
2:46 pm
Chair: Jordi Gali
3:00 pm

From Dominant to Producer Currency Pricing: Dynamics of Chilean Exports (slides)

Jose De Gregorio, Universidad de Chile
Pablo García, Business School, Universidad Adolfo Ibanez
Emiliano E. Luttini, World Bank
Marco Rojas, Banco Central de Chile

Discussants:
Georgios Georgiadis, European Central Bank
Michael B. Devereux, University of British Columbia and NBER
4:15 pm

Unmitigated Disasters? Risk Sharing and Macroeconomic Recovery in a Large International Panel

Sweta C. Saxena, United Nations
Sebastian von Dahlen, Federal Financial Supervisory Authorithy (BaFin)
Goetz von Peter, Bank for International Settlements

Discussants:
Eduardo Cavallo, Inter-American Development Bank
Serena Fatica, Joint Research Centre
5:30 pm
Adjourn
7:00 pm
Group Dinner - Ristorante Belvedere in Ranco
Friday, June 23
9:00 am
Welcome Coffee
9:29 am
Chair: Kenneth West
9:30 am

Global Natural Rates in the Long Run: Postwar Macro Trends and the Market-Implied r∗ in 10 Advanced Economies

Josh Davis, PIMCO
Cristian Fuenzalida, Graham Capital Management
Ben Mills, PIMCO
Alan M. Taylor, Columbia University and NBER
Leon Huetsch, University of Pennsylvania

Discussants:
David Thesmar, Massachusetts Institute of Technology and NBER
Lukasz Rachel, University College London
10:45 am
Break
10:46 am
Chair: Linda Tesar
11:00 am

Nonbank Lenders as Global Shock Absorbers: Evidence from US Monetary Policy Spillovers

David Elliott, Bank of England
Ralf Meisenzahl, Federal Reserve Bank of Chicago
Jose-Luis Peydro, Universitat Pompeu Fabra

Discussants:
Thorsten Beck, European University Institute
Ricardo Reis, London School of Economics
12:15 pm

An Examination of "Whatever it Takes" Policymaking

Kathryn M.E. Dominguez, University of Michigan and NBER
Andrea Foschi, University of Michigan

Discussants:
Petra Geraats, University of Cambridge
Kristin Forbes, Massachusetts Institute of Technology and NBER
1:30 pm
Lunch and Adjourn
2:30 pm
Optional informal outing