Tuesday, July 11
8:00 am
Coffee and Pastries
8:30 am

Monetary Policy Cyclicality in Emerging Economies

Pierre De Leo, University of Maryland
Gita Gopinath, International Monetary Fund
Ṣebnem Kalemli-Özcan, Brown University and NBER

Discussant:
Anusha Chari, University of North Carolina at Chapel Hill and NBER
9:30 am
Break
9:45 am

International Portfolio Frictions (slides)

Wenxin Du, Harvard University and NBER
Alessandro Fontana, European Insurance and Occupational Pension Authority
Petr Jakubik, International Monetary Fund
Ralph S. J. Koijen, University of Chicago and NBER
Hyun Song Shin, Bank for International Settlements

Discussant:
Matteo Maggiori, Stanford University and NBER
10:45 am
Break
11:00 am

Demand Imbalances, Global Inflation and Monetary Policy Coordination

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

Discussant:
Ludwig Straub, Harvard University and NBER
12:00 pm
Lunch and Adjourn
International Trade & Macroeconomics follows at 12:30 pm
Wednesday, July 12
8:00 am
Coffee and Pastries
Morning joint with Monetary Economics and Macro, Money and Financial Frictions
8:30 am

Anatomy of a Run: The Terra Luna Crash

Jiageng Liu, Massachusetts Institute of Technology
Igor Makarov, London School of Economics
Antoinette Schoar, Massachusetts Institute of Technology and NBER

Discussant:
Gary B. Gorton, Yale University and NBER
9:30 am
Break
9:45 am
Panel Discussion on Banking Solvency and Monetary Policy
Janice C. Eberly, Northwestern University and NBER, Moderator
Kristin Forbes, Massachusetts Institute of Technology and NBER
Neel Kashkari, Federal Reserve Bank of Minneapolis
Philip Lane, European Central Bank
Slides
10:45 am
Break
11:00 am

What do Financial Markets say about the Exchange Rate?

Mikhail Chernov, University of California, Los Angeles and NBER
Valentin Haddad, University of California, Los Angeles and NBER
Oleg Itskhoki, Harvard University and NBER

Discussant:
Hanno Lustig, Stanford University and NBER
12:00 pm
Lunch and Adjourn
International Finance and Macroeconomic Data Sources follows at 1:00 pm
Thursday, July 13
8:00 am
Coffee and Pastries
8:30 am

The Global (Mis)Allocation of Capital (slides)

Carol Bertaut, Federal Reserve Board of Governors
Stephanie E. Curcuru, Federal Reserve Board of Governors
Ester Faia, Goethe University Frankfurt
Pierre-Olivier Gourinchas, University of California, Berkeley and NBER

Discussant:
Thomas Philippon, New York University and NBER
9:45 am

Collateral Advantage: Exchange Rates, Capital Flows, and Global Cycles

Michael B. Devereux, University of British Columbia and NBER
Charles Engel, University of Wisconsin - Madison and NBER
Steve Pak Yeung Wu, University of California, San Diego

Discussant:
Rohan Kekre, University of Chicago and NBER
10:45 am
Break
11:00 am

Real Exchange Rate and Net Trade Dynamics: Financial and Trade Shocks

Marcos Mac Mullen, University of Rochester
Soo Kyung Woo, Sejong University

Discussant:
Felipe Saffie, University of Virginia and NBER
12:00 pm
Lunch and Adjourn
Friday, July 14
8:00 am
Coffee and Pastries
8:30 am

Emerging Market Business Cycles with Heterogeneous Agents

Seungki Hong, Purdue University

Discussant:
Diego J. Perez, New York University and NBER
9:30 am
Break
9:45 am

International Diversification, Reallocation, and the Labor Share

Joel David, Federal Reserve Bank of Chicago
Romain Rancière, University of Southern California and NBER
David L. Zeke, Federal Reserve Board of Governors

Discussant:
Matthias Kehrig, Duke University and NBER
10:45 am
Break
11:00 am

The Macroeconomic Consequences of Exchange Rate Depreciations

Masao Fukui, Boston University
Emi Nakamura, University of California, Berkeley and NBER
Jón Steinsson, University of California, Berkeley and NBER

Discussant:
Dmitry Mukhin, London School of Economics
12:00 pm
Lunch and Adjourn