SI 2017 Macroeconomics Within and Across Borders

Mark L.J. Wright, Mark A. Aguiar, and Patrick J. Kehoe, Organizers

July 17-18, 2017

Skyline Room

Royal Sonesta Hotel

Conference Code of Conduct

Suggestions on Format
Introduction: Please keep these to 5 minutes. And the audience should refrain from essentially all questions.
Clarifying Questions: Welcome at all times. If you do not understand something, it is highly likely that other people do not as well, so please ask.
Deeper Questions: These typically have much higher value added when brought up after the main results have been given, so that the audience understands the framework the author is using and the author has narrowed down the question to a precise one.
Anticipatory Questions: Questions such as ``Will this feature be important’’ or ``Are you going to look at x’’ are typically very low value added. It is much better to let the author put up the results then ask such questions.
Monday, July 17
9:00 am
Coffee and pastries
9:30 am
Cristina Arellano, Federal Reserve Bank of Minneapolis
Yan Bai, University of Rochester and NBER
Luigi Bocola, Stanford University and NBER

Sovereign Default Risk and Firm Heterogeneity
Discussant: Harold L. Cole, University of Pennsylvania and NBER
10:30 am
Break
10:45 am
Zachary R. Stangebye, University of Notre Dame
Grace Weishi Gu, University of California, Santa Cruz

The Pricing of Sovereign Risk Under Costly Information
Discussant: Luigi Bocola, Stanford University and NBER
11:45 am
Break
12:00 noon
Arpad Abraham, University of Bristol
Eva Carceles Poveda, Stony Brook University
Yan Liu, Wuhan University
Ramon Marimon, European University Institute and NBER

On the optimal design of a Financial Stability Fund
Discussant: Marco Bassetto, Federal Reserve Bank of Minneapolis
1:00 pm
Lunch
2:00 pm
Andres Drenik, University of Texas at Austin and NBER
Diego Perez, New York University and NBER

Pricing in Multiple Currencies in Domestic Markets
Discussant: Matteo Maggiori, Stanford University and NBER
3:00 pm
Break
3:15 pm
Sewon Hur, Federal Reserve Bank of Dallas
Illenin O. Kondo, Federal Reserve Bank of Minneapolis
Fabrizio Perri, Federal Reserve Bank of Minneapolis

Inflation, Debt, and Default
Discussant: John Y. Campbell, Harvard University and NBER
4:15 pm
Break
4:30 pm
Camila Casas, IMF
Federico Diez, International Monetary Fund
Gita Gopinath, International Monetary Fund
Pierre-Olivier Gourinchas, University of California, Berkeley and NBER

Dominant Currency Paradigm
Discussant: Charles Engel, University of Wisconsin-Madison and NBER
5:30 pm
Adjourn
Tuesday, July 18
9:00 am
Coffee and pastries
9:30 am
Hanno Lustig, Stanford University and NBER
Robert J. Richmond, New York University and NBER

Gravity in FX R2: Understanding the Factor Structure in Exchange Rates
Discussant: Brent Neiman, University of Chicago and NBER
10:30 am
Break
10:45 am
Saki Bigio, University of California, Los Angeles and NBER
Galo Nuno Barrau, Banco de España
Juan Passadore, International Monetary Fund

Optimal Debt-Maturity Management
Discussant: Manuel Amador, University of Minnesota and NBER
11:45 am
Break
12:00 noon
Alessandro Dovis, University of Pennsylvania and NBER
Rishabh Kirpalani, University of Wisconsin-Madison

Fiscal Rules, Bailouts, and Reputation in Federal Governments
Discussant: Pierre Yared, Columbia University and NBER
1:00 pm
Lunch
2:00 pm
Matteo Maggiori, Stanford University and NBER
Brent Neiman, University of Chicago and NBER
Jesse Schreger, Columbia University and NBER

Unpacking Global Capital Flows: A Micro-Data Approach to Macro Facts
Discussant: Hanno Lustig, Stanford University and NBER
3:00 pm
Break
3:15 pm
Marco Bassetto, Federal Reserve Bank of Minneapolis
Carlo Galli, Universidad Carlos III de Madrid

Is Inflation Default? The Role of Information in Debt Crises.
Discussant: Anmol Bhandari, University of Minnesota and NBER
4:15 pm
Break
4:30 pm
Luigi Bocola, Stanford University and NBER
Guido Lorenzoni, University of Chicago and NBER

Financial Crises and Lending of Last Resort in Open Economies
Discussant: Alessandro Dovis, University of Pennsylvania and NBER
5:30 pm
Adjourn