SI 2021 Macroeconomics Within and Across Borders

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

July 19, 2021

on Zoom.us

Conference Code of Conduct

Monday, July 19
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.
1:00 pm
Chiara Felli, LUISS
Facundo Piguillem, EIEF
Liyan Shi, CMU

Fiscal Rules and Discretion with Risk of Default
Discussion Leader: Pierre Yared, Columbia University and NBER
1:50 pm
Break
2:00 pm
Ozge Akinci, Federal Reserve Bank of New York
Ṣebnem Kalemli-Özcan, Brown University and NBER
Albert Queralto, Federal Reserve Board

Uncertainty Shocks, Capital Flows, and International Risk Spillovers (slides)
Discussion Leader: Linda Tesar, University of Michigan and NBER
2:50 pm
Break
3:00 pm
Rohan Kekre, University of Chicago and NBER
Moritz Lenel, Princeton University and NBER

The Flight to Safety and International Risk Sharing
Discussion Leader: Fernando E. Alvarez, University of Chicago and NBER
3:50 pm
Break
4:00 pm
Adrien Auclert, Stanford University and NBER
Matthew Rognlie, Northwestern University and NBER
Martin Souchier, University of Pennsylvania
Ludwig Straub, Harvard University and NBER

Exchange Rates and Monetary Policy with Heterogeneous Agents: Sizing up the Real Income Channel
Discussion Leader: Jonathan Heathcote, Federal Reserve Bank of Minneapolis
4:50 pm
Break
5:00 pm
Sebastian Dyrda, University of Toronto
Marcelo Pedroni, University of Amsterdam

Optimal Fiscal Policy in a Model with Uninsurable Idiosyncratic Shocks (slides)
Discussion Leader: Corina Boar, New York University and NBER
5:50 pm
Adjourn and Social Time on Wonder