SI 2021 International Finance & Macroeconomics
Organized by Galina Hale and Matteo Maggiori
July 13-16, 2021
on Zoom.us
Tuesday, July 13
11:00 am

Misallocation and Capital Market Integration: Evidence from India

Adrien Matray, Princeton University
Natalie Bau, University of California, Los Angeles and NBER

Discussant:
Brent Neiman, University of Chicago and NBER
11:45 am
Break
12:00 noon

Beware the Side Effects: Capital Controls Cause Misallocation and Reduce Welfare

Eugenia P. Andreasen, Universidad de Chile
Sofia Bauducco, Central Bank of Chile
Evangelina Dardati, Universidad Diego Portales
Enrique G. Mendoza, University of Pennsylvania and NBER

Discussant:
Gurnain K. Pasricha, International Monetary Fund
12:45 pm
Break
1:00 pm

The Exchange Rate Insulation Puzzle

Giancarlo Corsetti, European University Institute
Keith Kuester, University of Bonn
Gernot Müller, University of Tübingen
Sebastian Schmidt, European Central Bank

Discussant:
Marianne Baxter, Boston University and NBER
1:45 pm
Break
2:00 pm
Participants are invited to join the International Trade and Macroeconomics Program
6:00 pm
Social Hour
Wednesday, July 14
Joint session with Macro, Money and Financial Markets
Please note later start time
11:30 am

Industrial Monetary Policy (slides)

Emmanuel Farhi, Harvard University
Jean Tirole, Toulouse School of Economics

Discussant:
Arvind Krishnamurthy, Stanford University and NBER
12:20 pm
Break
12:30 pm

Bank Liquidity Provision Across the Firm Size Distribution

Gabriel Chodorow-Reich, Harvard University and NBER
Olivier Darmouni, HEC Paris
Stephan Luck, Federal Reserve Bank of New York
Matthew C. Plosser, Federal Reserve Bank of New York

Discussant:
Yueran Ma, University of Chicago and NBER
1:20 pm
Break
1:30 pm

Bank Runs, Fragility, and Credit Easing

Manuel Amador, University of Minnesota and NBER
Javier Bianchi, Federal Reserve Bank of Minneapolis

Discussant:
Todd Keister, Rutgers University
2:20 pm
Adjourn
Thursday, July 15
11:00 am

Exchange Rates and Monetary Policy with Heterogeneous Agents: Sizing up the Real Income Channel

Adrien Auclert, Stanford University and NBER
Matthew Rognlie, Northwestern University and NBER
Martin Souchier, University of Pennsylvania
Ludwig Straub, Harvard University and NBER

Discussant:
Kurt Mitman, CEMFI
11:45 am
Break
12:00 noon

Sources and Transmission of Country Risk

Tarek Alexander Hassan, Boston University and NBER
Jesse Schreger, Columbia University and NBER
Markus Schwedeler, Boston University
Ahmed Tahoun, London Business School

Discussant:
Fernanda Nechio, Federal Reserve Bank of San Francisco
12:45 pm
Break
1:00 pm

FX Transaction and Translation Risk

Patrick Adams, Massachusetts Institute of Technology
Adrien Verdelhan, Massachusetts Institute of Technology and NBER

Discussant:
Anusha Chari, University of North Carolina at Chapel Hill and NBER
1:45 pm
Break
2:30 pm
Participants are invited to join the International Finance and Macroeconomic Data Sources Program
5:00 pm
Social Hour
Friday, July 16
11:00 am

A North-South Model of Structural Change and Growth

Maria Aristizabal-Ramirez, University of Michigan
John V. Leahy, University of Michigan and NBER
Linda Tesar, University of Michigan and NBER

Discussant:
Jaume Ventura, Center for Research in Economics and Statistics (CREST) and NBER
11:45 am
Break
12:00 noon

U.S. Banks and Global Liquidity

Ricardo Correa, Federal Reserve Board of Governors
Wenxin Du, Harvard University and NBER
Gordon Y. Liao, Circle

Discussant:
Linda S. Goldberg, Federal Reserve Bank of New York and NBER
12:45 pm
Break
1:00 pm

Liquidity Traps, Prudential Policies and International Spillovers

Javier Bianchi, Federal Reserve Bank of Minneapolis
Louphou Coulibaly, University of Wisconsin - Madison and NBER

Discussant:
Karlye Dilts Stedman, Federal Reserve Bank of Kansas City
1:45 pm
Adjourn