Tuesday, July 12
8:00 am
Coffee and Pastries
8:30 am

Optimal Bailouts in Banking and Sovereign Crises

Sewon Hur, Federal Reserve Bank of Dallas
César Sosa-Padilla, University of Notre Dame and NBER
Zeynep Yom, Villanova University

Discussant:
Markus K. Brunnermeier, Princeton University and NBER
9:30 am
Break
9:45 am

Information Spillovers and Sovereign Debt: Theory Meets the Eurozone Crisis (slides)

Harold L. Cole, University of Pennsylvania and NBER
Guillermo Ordoñez, University of Pennsylvania and NBER
Daniel Neuhann, University of Texas at Austin

Discussant:
Venky Venkateswaran, New York University and NBER
10:45 am
Break
11:00 am

Internationalizing Like China

Christopher Clayton, Yale University and NBER
Amanda Dos Santos, Columbia University
Matteo Maggiori, Stanford University and NBER
Jesse Schreger, Columbia University and NBER

Discussant:
Manuel Amador, University of Minnesota and NBER
12:00 pm
Lunch and Adjourn
International Trade & Macroeconomics follows at 2:00 pm
Wednesday, July 13
8:00 am
Coffee and Pastries
Morning Joint with MEFM and ME
8:30 am

Is this Time Different? Financial Follies across Centuries

Jeremy Fouliard, London Business School
Hélène Rey, London Business School and NBER
Vania Stavrakeva, London Business School

Discussant:
Barry Eichengreen, University of California, Berkeley and NBER
9:30 am
Break
9:45 am

The US, Economic News, and the Global Financial Cycle (slides)

Christoph Boehm, University of Texas at Austin and NBER
T. Niklas Kroner, Federal Reserve Board of Governors

Discussant:
Jesse Schreger, Columbia University and NBER
10:45 am
Break
11:00 am

The Coming Battle of Digital Currencies

Lin William Cong, Cornell University and NBER
Simon Mayer, Carnegie Mellon University

Discussant:
Harald Uhlig, University of Chicago and NBER
12:00 pm
Lunch and Adjourn
International Finance and Macroeconomic Data Sources follows at 5:00 pm
Thursday, July 14
8:00 am
Coffee and Pastries
8:30 am

Real Exchange Rate Dynamics Beyond Business Cycles (slides)

Dan Cao, Georgetown University
Wenlan Luo, Tsinghua University

Discussant:
Viktoria Hnatkovska, University of British Columbia
9:30 am
Break
9:45 am

Global Stagflation and Reverse Currency Wars (slides)

Luca Fornaro, Center for Research in Economics and Statistics
Federica Romei, University of Oxford

Discussant:
Elisa Rubbo, University of Chicago and NBER
10:45 am
Break
11:00 am

Optimal Exchange Rate Policy

Oleg Itskhoki, Harvard University and NBER
Dmitry Mukhin, London School of Economics

Discussant:
Iván Werning, Massachusetts Institute of Technology and NBER
12:00 pm
Lunch and Adjourn
Friday, July 15
8:00 am
Coffee and Pastries
8:30 am

Protectionism Unchained: Determinants and Consequences of Discretionary Trade Policy in Argentina (slides)

David Atkin, Massachusetts Institute of Technology and NBER
Joaquin Blaum, Boston University
Pablo Fajgelbaum, University of California, Los Angeles and NBER
Augusto Ospital, LMU Munich

Discussant:
Lorenzo Caliendo, Yale University and NBER
9:30 am
Break
9:45 am

Global Demand for Financial Assets, Falling Real Interest Rates and Macroeconomic Instability

Enrique G. Mendoza, University of Pennsylvania and NBER
Vincenzo Quadrini, University of Southern California and NBER

Discussant:
Ludwig Straub, Harvard University and NBER
10:45 am
Break
11:00 am

Fiscal Policy in the Age of COVID: Does it ‘Get in all of the Cracks?’ (slides)

Pierre-Olivier Gourinchas, University of California, Berkeley and NBER
Ṣebnem Kalemli-Özcan, Brown University and NBER
Veronika Penciakova, Federal Reserve Bank of Atlanta
Nick Sander, Bank of Canada

Discussant:
David Baqaee, University of California, Los Angeles and NBER
12:00 pm
Lunch and Adjourn