International Seminar on Macroeconomics

Jeffrey A. Frankel and Hélène Rey, Organizers

June 22-23, 2023

Format: The author will have 25 minutes and each discussant will be given 15 minutes. The remaining time will be for general discussion and author response.

Conference Code of Conduct

Thursday, June 22
9:15 am
Welcome Coffee
9:45 am
Opening Remarks:
Jeffrey A. Frankel, Harvard University and NBER

Jessica Cariboni, Deputy Head, Economic and Financial Resilience Unit, European Commission's Joint Research Centre
9:46 am
Chair: Hélène Rey
10:00 am
Viral V. Acharya, New York University and NBER
Raghuram Rajan, University of Chicago and NBER
Jack Shim, New York University

Sovereign Debt and Economic Growth when Government is Myopic and Self-interested
Discussants: Jeromin Zettelmeyer, Bruegel
José De Gregorio, Universidad de Chile
11:15 am
Harald Fadinger, University of Mannheim
Philipp Herkenhoff, University of Mainz
Jan S. Schymik, University of Mannheim

Quantifying the Germany Shock: Structural Reforms and Spillovers in a Currency Union
Discussants: Martin Wolf, University of St. Gallen
Francesco Giavazzi, Bocconi University and NBER
12:30 pm
Chair: Marco Ratto
1:30 pm
Luciana Juvenal, International Monetary Fund
Ivan Petrella, Warwick University

Unveiling the Dance of Commodity Prices and the Global Financial Cycle
Discussants: Neil Kellard, University of Essex
Jeffrey A. Frankel, Harvard University and NBER
2:45 pm
2:46 pm
Chair: Jordi Gali
3:00 pm
Jose De Gregorio, Universidad de Chile
Pablo García, Business School, Universidad Adolfo Ibanez
Emiliano E. Luttini, World Bank
Marco Rojas, Banco Central de Chile

From Dominant to Producer Currency Pricing: Dynamics of Chilean Exports (slides)
Discussants: Georgios Georgiadis, European Central Bank
Michael B. Devereux, University of British Columbia and NBER
4:15 pm
Sweta C. Saxena, United Nations
Sebastian von Dahlen, Federal Financial Supervisory Authorithy (BaFin)
Goetz von Peter, Bank for International Settlements

Unmitigated Disasters? Risk Sharing and Macroeconomic Recovery in a Large International Panel
Discussants: Eduardo Cavallo, Inter-American Development Bank
Serena Fatica, Joint Research Centre
5:30 pm
7:00 pm
Group Dinner - Ristorante Belvedere in Ranco
Friday, June 23
9:00 am
Welcome Coffee
9:29 am
Chair: Kenneth West
9:30 am
Josh Davis, PIMCO
Cristian Fuenzalida, Graham Capital Management
Ben Mills, PIMCO
Alan M. Taylor, Columbia University and NBER
Leon Huetsch, University of Pennsylvania

Global Natural Rates in the Long Run: Postwar Macro Trends and the Market-Implied r∗ in 10 Advanced Economies
Discussants: David Thesmar, Massachusetts Institute of Technology and NBER
Lukasz Rachel, University College London
10:45 am
10:46 am
Chair: Linda Tesar
11:00 am
David Elliott, Bank of England
Ralf Meisenzahl, Federal Reserve Bank of Chicago
Jose-Luis Peydro, Universitat Pompeu Fabra

Nonbank Lenders as Global Shock Absorbers: Evidence from US Monetary Policy Spillovers
Discussants: Thorsten Beck, European University Institute
Ricardo Reis, London School of Economics
12:15 pm
Kathryn M.E. Dominguez, University of Michigan and NBER
Andrea Foschi, University of Michigan

An Examination of "Whatever it Takes" Policymaking
Discussants: Petra Geraats, University of Cambridge
Kristin Forbes, Massachusetts Institute of Technology and NBER
1:30 pm
Lunch and Adjourn
2:30 pm
Optional informal outing