
	Suggestions on Format Introduction: Please keep these to 5 minutes. And the audience should refrain from essentially all questions. Clarifying Questions: Welcome at all times. If you do not understand something, it is highly likely that other people do not as well, so please ask. Deeper Questions: These typically have much higher value added when brought up after the main results have been given, so that the audience understands the framework the author is using and the author has narrowed down the question to a precise one. Anticipatory Questions: Questions such as ``Will this feature be important’’ or ``Are you going to look at x’’ are typically very low value added. It is much better to let the author put up the results then ask such questions.
	Monday, July 17
9:00 am	Coffee and pastries
9:30 am	Sovereign Default Risk and Firm Heterogeneity Cristina Arellano, Federal Reserve Bank of Minneapolis Yan Bai, University of Rochester and NBER Luigi Bocola, Stanford University and NBER Discussant: Harold L. Cole, University of Pennsylvania and NBER
10:30 am	Break
10:45 am	The Pricing of Sovereign Risk Under Costly Information Zachary R. Stangebye, University of Notre Dame Grace Weishi Gu, University of California, Santa Cruz Discussant: Luigi Bocola, Stanford University and NBER
11:45 am	Break
12:00 noon	On the optimal design of a Financial Stability Fund Arpad Abraham, University of Bristol Eva Carceles Poveda, Stony Brook University Yan Liu, Wuhan University Ramon Marimon, European University Institute Discussant: Marco Bassetto, Federal Reserve Bank of Minneapolis
1:00 pm	Lunch
2:00 pm	Pricing in Multiple Currencies in Domestic Markets Andres Drenik, University of Texas at Austin and NBER Diego Perez, New York University and NBER Discussant: Matteo Maggiori, Stanford University and NBER
3:00 pm	Break
3:15 pm	Inflation, Debt, and Default Sewon Hur, Federal Reserve Bank of Dallas Illenin O. Kondo, Federal Reserve Bank of Minneapolis Fabrizio Perri, Federal Reserve Bank of Minneapolis Discussant: John Y. Campbell, Harvard University and NBER
4:15 pm	Break
4:30 pm	Dominant Currency Paradigm Camila Casas, IMF Federico Diez, International Monetary Fund Gita Gopinath, International Monetary Fund Pierre-Olivier Gourinchas, University of California, Berkeley and NBER Discussant: Charles Engel, University of Wisconsin - Madison and NBER
5:30 pm	Adjourn
	Tuesday, July 18
9:00 am	Coffee and pastries
9:30 am	Gravity in FX R2: Understanding the Factor Structure in Exchange Rates Hanno Lustig, Stanford University and NBER Robert J. Richmond, New York University and NBER Discussant: Brent Neiman, University of Chicago and NBER
10:30 am	Break
10:45 am	Optimal Debt-Maturity Management Saki Bigio, University of California, Los Angeles and NBER Galo Nuno Barrau, Banco de España Juan Passadore, International Monetary Fund Discussant: Manuel Amador, University of Minnesota and NBER
11:45 am	Break
12:00 noon	Fiscal Rules, Bailouts, and Reputation in Federal Governments Alessandro Dovis, University of Pennsylvania and NBER Rishabh Kirpalani, University of Wisconsin - Madison Discussant: Pierre Yared, Columbia University and NBER
1:00 pm	Lunch
2:00 pm	Unpacking Global Capital Flows: A Micro-Data Approach to Macro Facts Matteo Maggiori, Stanford University and NBER Brent Neiman, University of Chicago and NBER Jesse Schreger, Columbia University and NBER Discussant: Hanno Lustig, Stanford University and NBER
3:00 pm	Break
3:15 pm	Is Inflation Default? The Role of Information in Debt Crises. Marco Bassetto, Federal Reserve Bank of Minneapolis Carlo Galli, Universidad Carlos III de Madrid Discussant: Anmol Bhandari, University of Minnesota and NBER
4:15 pm	Break
4:30 pm	Financial Crises and Lending of Last Resort in Open Economies Luigi Bocola, Stanford University and NBER Guido Lorenzoni, University of Chicago and NBER Discussant: Alessandro Dovis, University of Pennsylvania and NBER
5:30 pm	Adjourn

Participants

Mark A. Aguiar, Princeton University and NBER
George A. Alessandria, University of Rochester and NBER
Laura Alfaro, Harvard University and NBER
Manuel Amador, University of Minnesota and NBER
Tamon Asonuma, International Monetary Fund
Adrien Auclert, Stanford University and NBER
Yan Bai, University of Rochester and NBER
Robert J. Barro, Harvard University and NBER
Marco Bassetto, Federal Reserve Bank of Minneapolis
Marianne Baxter, Boston University and NBER
Martin Beraja, Massachusetts Institute of Technology and NBER
Anmol Bhandari, University of Minnesota and NBER
Javier Bianchi, Federal Reserve Bank of Minneapolis
Saki Bigio, University of California, Los Angeles and NBER
Luigi Bocola, Stanford University and NBER
John Y. Campbell, Harvard University and NBER
Eva Carceles-Poveda, Stony Brook University
Camila Casas, IMF
Alberto Cavallo, Harvard University and NBER
Harold L. Cole, University of Pennsylvania and NBER
Davide Debortoli, Universitat Pompeu Fabra
Federico J. Diez, International Monetary Fund
Alessandro Dovis, University of Pennsylvania and NBER
Andrés Drenik, University of Texas at Austin and NBER
Fabian Eckert, University of California, San Diego
Charles Engel, University of Wisconsin - Madison and NBER
Giuseppe Fiori, North Carolina State University
Carlo Galli, Universidad Carlos III de Madrid
Gita Gopinath, International Monetary Fund
Grace Weishi Gu, University of California, Santa Cruz
Marcus Hagedorn, University of Oslo
Tarek Alexander Hassan, Boston University and NBER

Juan C. Hatchondo, University of Western Ontario
Sewon Hur, Federal Reserve Bank of Dallas
Umar Jeelanie, Jamia Millia Islamia University New-Delhi
Ṣebnem Kalemli-Özcan, Brown University and NBER
Patrick J. Kehoe, Stanford University and NBER
Rishabh Kirpalani, University of Wisconsin - Madison
Nobuhiro Kiyotaki, Princeton University and NBER
Peter J. Klenow, Stanford University and NBER
Illenin O. Kondo, Federal Reserve Bank of Minneapolis
Dirk Krueger, University of Pennsylvania and NBER
Karen K. Lewis, University of Pennsylvania and NBER
Yan Liu, Wuhan University
Hanno Lustig, Stanford University and NBER
Matteo Maggiori, Stanford University and NBER
Ramon Marimon, European University Institute
Jeffrey A. Miron, Harvard University and NBER
Dmitry Mukhin, London School of Economics
Brent Neiman, University of Chicago and NBER
Ricardo Nunes, University of Surrey
Juan Passadore, International Monetary Fund
Diego J. Perez, New York University and NBER
Fabrizio Perri, Federal Reserve Bank of Minneapolis
Paulina Restrepo-Echavarria, Federal Reserve Bank of St. Louis
Robert J. Richmond, New York University and NBER
Matthew Rognlie, Northwestern University and NBER
Nihar Shah, Harvard University
Zachary R. Stangebye, University of Notre Dame
Tomohiro Tsuruga, International Monetary Fund
Aleh Tsyvinski, Yale University and NBER
Yoichi Ueno, Japan Center for Economic Research
Pierre Yared, Columbia University and NBER