International Seminar on Macroeconomics

Jeffrey A. Frankel and Hélène Rey, Organizers

June 30 - July 1, 2017

Vilnius, Lithuania

Conference Code of Conduct

Friday, June 30
8:30 am
Continental Breakfast
9:00 am
Welcome and Opening Remarks
9:15 am
Antonio Fatás, INSEAD
Lawrence H. Summers, Harvard University and NBER

The Permanent Effects of Fiscal Consolidations
Discussants: Alan J. Auerbach, University of California, Berkeley and NBER
Ethan Ilzetzki, London School of Economics
10:30 am
Break
10:45 am
Wenxin Du, University of Chicago and NBER
Jesse Schreger, Columbia University and NBER
Joanne Im, Federal Reserve Board

The US Treasury Premium
Discussant: Annette Vissing-Jorgensen, Federal Reserve Board and NBER
12:00 pm
Lunch
1:30 pm
Cristina Arellano, Federal Reserve Bank of Minneapolis
Yan Bai, University of Rochester and NBER

Default Risk, Sectoral Reallocation, and Persistent Recessions
2:45 pm
Break
4:15 pm
Marc Flandreau, University of Pennsylvania

Sovereign Debt Enforcement: Historical Evidence on the Role of Financial Engineering
5:30 pm
Adjourn
7:00 pm
Dinner
Saturday, July 1
8:30 am
Continental Breakfast
9:00 am
Romain Ranciere, University of Southern California and NBER

Domestic and International Sectoral Portfolios: Network Structure and Balance-Sheet Effects
Discussant: Ralph S. J. Koijen, University of Chicago and NBER
10:15 am
Break
10:30 am
Bartosz Mackowiak, European Central Bank
Marek Jarocinski, European Central Bank

Monetary Fiscal Interactions and the Euro Area’s Malaise
Discussant: Pierre-Olivier Gourinchas, University of California, Berkeley and NBER
11:45 am
Ambrogio Cesa-Bianchi, Bank of England
Andrea Ferrero, University of Oxford
Alessandro Rebucci, Johns Hopkins University and NBER

International Credit Supply Shocks
Discussant: Alan M. Taylor, University of California, Davis and NBER
1:00 pm
Lunch and Adjourn
3:00 pm
Tour TBA