International Finance and Macroeconomics Program Meeting

Yan Bai and Anusha Chari, Organizers

March 24, 2023

Format: Ppresenters will have 30 minutes, 15 minutes for discussants and 15 minutes for Q&A

Conference Code of Conduct

Friday, March 24
8:00 am
Continental breakfast
8:40 am
Introduction
8:45 am
Alexandra M. Tabova, Federal Reserve Board
Francis E. Warnock, University of Virginia and NBER

Preferred Habitats and Timing in the World’s Safe Asset
Discussant: Rohan Kekre, University of Chicago and NBER
9:45 am
Zefeng Chen, Peking University
Zhengyang Jiang, Northwestern University and NBER
Hanno Lustig, Stanford University and NBER
Stijn Van Nieuwerburgh, Columbia University and NBER
Mindy Z. Xiaolan, University of Texas at Austin

Exorbitant Privilege Gained and Lost: Fiscal Implications
Discussant: Rishabh Kirpalani, University of Wisconsin-Madison
10:45 am
Break
11:00 am
Julien Acalin, International Monetary Fund

The Global Financial Cycle Meets Global Imbalances (slides)
Discussant: Xavier Gabaix, Harvard University and NBER
Short Presentations:
12:00 pm
Julien Bengui, Bank of Canada
Louphou Coulibaly, University of Wisconsin-Madison and NBER

Stagflation and Topsy-Turvy Capital Flows (slides)
12:15 pm
Karlye Dilts Stedman, Federal Reserve Bank of Kansas City
Robert Jay Kahn, Federal Reserve Board
Ron Alquist, Department of the Treasury

Central Banker to the World: Foreign Reserve Management and U.S. Money Market Liquidity
12:30 pm
Lunch - Taylor Room
1:30 pm
Juan C. Hatchondo, University of Western Ontario
Leonardo Martinez, International Monetary Fund
Francisco Roch, International Monetary Fund

Constrained Efficient Borrowing with Sovereign Default Risk (slides)
Discussant: Jing Zhang, Federal Reserve Bank of Chicago
Short Presentations:
2:30 pm
Sergio Villalvazo, Federal Reserve Board

Inequality and Asset Prices during Sudden Stops
2:45 pm
Rashad Ahmed, Department of the Treasury
Alessandro Rebucci, Johns Hopkins University and NBER

Dollar Reserves and U.S. Yields: Identifying the Price Impact of Official Flows
3:00 pm
Break
3:15 pm
Chenyue Hu, University of California at Santa Cruz

General Equilibrium Analysis of Multinational Financial and Trade Linkages (slides)
Discussant: Eric van Wincoop, University of Virginia and NBER
4:15 pm
Sebastian Dyrda, University of Toronto
Guangbin Hong, University of Toronto
Joseph B. Steinberg, University of Toronto

A Macroeconomic Perspective on Taxing Multinational Enterprises (slides)
Discussant: James R. Hines, University of Michigan and NBER
5:15 pm
Adjourn