SI 2026 Macroeconomics Within and Across Borders
Organized by Mark A. Aguiar, Cristina Arellano, Patrick J. Kehoe, and Mark L.J. Wright
July 20, 2026
Royal Sonesta Hotel, Edwin H. Land Blvd., Cambridge, MA
Monday, July 20
8:30 am
Coffee and Pastries
9:00 am

A Macroeconomic Model of the Cross-Section of Currencies

Aleksei Oskolkov, Princeton University
Diego J. Perez, New York University and NBER

Discussant:
Adrien Verdelhan, Massachusetts Institute of Technology and NBER
10:00 am
Break
10:15 am

Breaking Parity: Equilibrium Exchange Rates and Currency Premia

Mai C. Dao, International Monetary Fund
Pierre-Olivier Gourinchas, International Monetary Fund and NBER
Oleg Itskhoki, Harvard University and NBER

Discussant:
Ṣebnem Kalemli-Özcan, Brown University and NBER
11:15 am
Break
11:30 am

Technological Change and Career Ladders

Hassan Afrouzi, Columbia University and NBER
Andres Blanco, Federal Reserve Bank of Atlanta
Andrés Drenik, University of Texas at Austin and NBER
Erik Hurst, The University of Chicago and NBER

Discussant:
Guido Menzio, New York University and NBER
12:30 pm
Lunch
1:30 pm

Tariff Wars and Net Foreign Assets

Mark A. Aguiar, Princeton University and NBER
Manuel Amador, University of Minnesota and NBER
Doireann Fitzgerald, Federal Reserve Bank of Minneapolis

Discussant:
Ina Simonovska, University of California, Davis and NBER
2:30 pm
Break
2:45 pm

Fiscal and Monetary Unions

Rafael Berriel, Stanford University
Eugenia Gonzalez-Aguado, Toulouse School of Economics
Patrick J. Kehoe, Stanford University and NBER
Elena Pastorino, Stanford University and NBER

Discussant:
Rishabh Kirpalani, University of Wisconsin - Madison
3:45 pm
Break
4:00 pm

Accounting for Credibility: Fiscal-Monetary Interactions and the Credibility of Central Bank Mandates

Luigi Bocola, Stanford University and NBER
Gastón Chaumont, University of Rochester
Alessandro Dovis, University of Pennsylvania and NBER
Rishabh Kirpalani, University of Wisconsin - Madison

Discussant:
Ludwig Straub, Harvard University and NBER
5:00 pm
Adjourn