International Seminar on Macroeconomics

Kristin Forbes and Pierre-Olivier Gourinchas, Organizers

June 27-28, 2019

Hosted by the Bank of England

Bank of England Conference Centre,Threadneedle Street, London, UK

Conference Code of Conduct

Thursday, June 27
Participants should enter at Bank of England Museum Entrance on Bartholomew Lane Map

9:15 am
Continental Breakfast
9:45 am
Welcome and Opening Remarks: Jeffrey Frankel and Hélène Rey, Chairs of ISOM
Chair: Hélène Rey, London Business School and NBER
10:00 am
Francois Fontaine, Paris School of Economics
Julien Martin, UQAM
Isabelle Mejean, Sciences Po

Price Discrimination Within and Across EMU Markets: Evidence from French Exporters
Discussants: Ida Hjortsoe, Bank of England
Brent Neiman, University of Chicago and NBER
11:15 am
Shang-Jin Wei, Columbia University and NBER
Yinxi Xie, Bank of Canada

Monetary Policy in a World of Global Supply Chains
Discussants: Raphael Auer, Bank for International Settlements
Kei-Mu Yi, University of Houston and NBER
12:30 pm
Lunch (Conference Break Out Area)
Chair: Jeffrey Frankel, Harvard University and NBER
1:30 pm
Ulrike Malmendier, University of California, Berkeley and NBER
Demian Pouzo, University of California at Berkeley
Victoria Vanasco, CREI

Investor Experiences and International Capital Flows
Discussants: Luigi Bocola, Stanford University and NBER
Dmitriy Sergeyev, Bocconi University
2:45 pm
Coffee Break
Chair: Pierre-Olivier Gourinchas, University of California at Berkeley and NBER
3:15 pm
Nuno Coimbra, Banque de France

Sovereigns at Risk: A Dynamic Model of Sovereign Debt and Banking Leverage (slides)
Discussants: Ambrogio Cesa-Bianchi, Bank of England
Gianluca Benigno, Federal Reserve Bank of New York
4:30 pm
Julia Bevilaqua, Federal Reserve Bank of San Francisco
Galina Hale, University of California, Santa Cruz and NBER
Eric Tallman, Federal Reserve Bank of San Francisco

Corporate Spreads, Sovereign Spreads, and Crises
Discussants: Kartik Anand, Deutsche Bundesbank
Jesse Schreger, Columbia University and NBER
5:45 pm
6:00 pm
Dinner (Court Room)

Introductions, Kristin Forbes, Massachusetts Institute of Technology and NBER
Comments: Ben Broadbent, Bank of England
Friday, June 28
8:15 am
Continental Breakfast
Chair: Charles Engel, University of Wisconsin at Madison and NBER
9:00 am
Olivier Coibion, University of Texas at Austin and NBER
Yuriy Gorodnichenko, University of California, Berkeley and NBER
Saten Kumar, AUT University
Mathieu Pedemonte, Federal Reserve Bank of Cleveland

Inflation Expectations as a Policy Tool?
Discussants: Silvana Tenreyro, London School of Economics
Justin Wolfers, University of Michigan and NBER
10:15 am
Sergio de Ferra, University of Oxford
Kurt Mitman, Institute for International Economic Studies
Federica Romei, University of Oxford

Household Heterogeneity and the Transmission of Foreign Shocks
Discussants: Morten Ravn, University College London
Ludwig Straub, Harvard University and NBER
11:30 am
Coffee Break
Chair: Andrew Haldane, Bank of England
12:00 pm
Chris Redl, International Monetary Fund

Uncertainty Matters: Evidence from Close Elections
Discussants: John Fernald, Federal Reserve Bank of San Francisco
Pietro Veronesi, University of Chicago and NBER
1:15 pm
Closing Remarks: Jeffrey Frankel, Harvard University and NBER
1:25 pm
Lunch (Conference Break Out Area)
2:25 pm
2:45 pm
Depart for Tour of Churchill War Rooms (Optional - Space Limited)
Mini buses will depart from Museum entrance side of Bank on Bartholomew Lane

1 hr, 15 min per paper (45 minutes presentation, 10 minutes each discussant, 10 for further questions)

Suggested Attire: Smart Casual

Emergency Contacts:
Michelle Scott: + 44 (0)646620;
Sandra Mills: + 44 (0) 7584 230803 (8.30 - 17.30) Office + 44 (0) 3461 3821;

Transportation Information