SI 2018 Macroeconomics Within and Across Borders

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

July 16-17, 2018

Skyline Rooms

Royal Sonesta Hotel, 40 Edwin H. Land Blvd., Cambridge, MA

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 and then ask such questions.
Monday, July 16
9:00 am
Coffee and Pastries
9:30 am
Peter M. DeMarzo, Stanford University and NBER
Zhiguo He, Stanford University and NBER
Fabrice Tourre, Baruch College

Commitment Problems, Welfare Costs and Sovereign Debt
Discussant: Manuel Amador, University of Minnesota and NBER
10:30 am
Break
10:45 am
Harold L. Cole, University of Pennsylvania and NBER
Daniel Neuhann, University of Texas at Austin
Guillermo Ordoñez, University of Pennsylvania and NBER

A Walrasian Theory of Sovereign Debt Auctions with Asymmetric Information (slides)
Discussant: Sebastian Di Tella, Stanford University and NBER
11:45 am
Break
12:00 pm
Paolo Martellini, University of Wisconsin-Madison
Guido Menzio, New York University and NBER

Declining Search Frictions, Unemployment and Growth
Discussant: Jan Eeckhout, Universitat Pompeu Fabra
1:00 pm
Lunch
2:00 pm
Franz Hamann, Bank of the Republic, Colombia
Enrique G. Mendoza, University of Pennsylvania and NBER
Paulina Restrepo-Echavarria, Federal Reserve Bank of St. Louis

Resource Curse or Blessing? Sovereign Risk in Resource-Rich Emerging Economies
Discussant: Jing Zhang, Federal Reserve Bank of Chicago
3:00 pm
Break
3:15 pm
Yan Bai, University of Rochester and NBER
Patrick J. Kehoe, Stanford University and NBER
Fabrizio Perri, Federal Reserve Bank of Minneapolis

World Financial Flows and Asset Prices
Discussant: Hanno Lustig, Stanford University and NBER
4:15 pm
Break
4:30 pm
Varadarajan V. Chari, University of Minnesota and NBER
Juan Pablo Nicolini, Federal Reserve Bank of Minneapolis
Pedro Teles, Banco de Portugal

Ramsey Taxation in the Global Economy
Discussant: TBD
5:30 pm
Adjourn
Tuesday, July 17
9:00 am
Coffee and Pastries
9:30 am
Pablo Sebastian Fanelli
Ludwig Straub, Harvard University and NBER

A Theory of Foreign Exchange Interventions
Discussant: Luigi Bocola, Stanford University and NBER
10:30 am
Break
10:45 am
Marina Halac, Yale University
Pierre Yared, Columbia University and NBER

Fiscal Rules and Discretion under Self-Enforcement
Discussant: Christopher Phelan, University of Minnesota and NBER
11:45 am
Break
12:00 pm
Satyajit Chatterjee, Federal Reserve Bank of Philadelphia
Burcu Eyigungor, Federal Reserve Bank of Philadelphia

Declining Interest Rates and Firm Dynamics: Falling Startups and Rising Concentration
Discussant: Cristina Arellano, Federal Reserve Bank of Minneapolis
1:00 pm
Adjourn and Lunch