SI 2023 International Finance & Macroeconomics

Fabrizio Perri and Stephanie Schmitt-Grohé, Organizers

July 11-14, 2023

Charles Room AB

Format for this workshop: 30 minutes for presentations, 15 minutes for discussants, 15 minutes for general discussion and questions from the audience

Conference Code of Conduct

Tuesday, July 11
8:00 am
Coffee and Pastries
8:30 am
Pierre De Leo, University of Maryland
Gita Gopinath, International Monetary Fund
Ṣebnem Kalemli-Özcan, Brown University and NBER

Monetary Policy Cyclicality in Emerging Economies
Discussant: Anusha Chari, University of North Carolina at Chapel Hill and NBER
9:30 am
Break
9:45 am
Wenxin Du, Harvard University and NBER
Alessandro Fontana, European Insurance and Occupational Pension Authority
Petr Jakubik, International Monetary Fund
Ralph S. J. Koijen, University of Chicago and NBER
Hyun Song Shin, Bank for International Settlements

International Portfolio Frictions (slides)
Discussant: Matteo Maggiori, Stanford University and NBER
10:45 am
Break
11:00 am
Javier Bianchi, Federal Reserve Bank of Minneapolis
Louphou Coulibaly, University of Wisconsin-Madison and NBER

Demand Imbalances, Global Inflation and Monetary Policy Coordination
Discussant: Ludwig Straub, Harvard University and NBER
12:00 pm
Lunch and Adjourn
International Trade & Macroeconomics follows at 12:30 pm
Wednesday, July 12
8:00 am
Coffee and Pastries
Morning joint with Monetary Economics and Macro, Money and Financial Frictions
8:30 am
Jiageng Liu, Massachusetts Institute of Technology
Igor Makarov, London School of Economics
Antoinette Schoar, Massachusetts Institute of Technology and NBER

Anatomy of a Run: The Terra Luna Crash
Discussant: Gary B. Gorton, Yale University and NBER
9:30 am
Break
9:45 am
Panel Discussion on Banking Solvency and Monetary Policy
Janice C. Eberly, Northwestern University and NBER, Moderator
Kristin Forbes, Massachusetts Institute of Technology and NBER
Neel Kashkari, Federal Reserve Bank of Minneapolis
Philip Lane, European Central Bank
Slides
10:45 am
Break
11:00 am
Mikhail Chernov, University of California, Los Angeles and NBER
Valentin Haddad, University of California, Los Angeles and NBER
Oleg Itskhoki, Harvard University and NBER

What do Financial Markets say about the Exchange Rate?
Discussant: Hanno Lustig, Stanford University and NBER
12:00 pm
Lunch and Adjourn
International Finance and Macroeconomic Data Sources follows at 1:00 pm
Thursday, July 13
8:00 am
Coffee and Pastries
8:30 am
Carol Bertaut, Federal Reserve Board
Stephanie E. Curcuru, Federal Reserve Board
Ester Faia, Goethe University Frankfurt
Pierre-Olivier Gourinchas, University of California, Berkeley and NBER

The Global (Mis)Allocation of Capital (slides)
Discussant: Thomas Philippon, New York University and NBER
9:45 am
Michael B. Devereux, University of British Columbia and NBER
Charles Engel, University of Wisconsin-Madison and NBER
Steve Pak Yeung Wu, University of California-San Diego

Collateral Advantage: Exchange Rates, Capital Flows, and Global Cycles
Discussant: Rohan Kekre, University of Chicago and NBER
10:45 am
Break
11:00 am
Marcos Mac Mullen, University of Rochester
Soo Kyung Woo, Sejong University

Real Exchange Rate and Net Trade Dynamics: Financial and Trade Shocks
Discussant: Felipe Saffie, University of Virginia and NBER
12:00 pm
Lunch and Adjourn
Friday, July 14
8:00 am
Coffee and Pastries
8:30 am
Seungki Hong, Purdue University

Emerging Market Business Cycles with Heterogeneous Agents
Discussant: Diego J. Perez, New York University and NBER
9:30 am
Break
9:45 am
Joel David, Federal Reserve Bank of Chicago
Romain Rancière, University of Southern California and NBER
David L. Zeke, Federal Reserve Board

International Diversification, Reallocation, and the Labor Share
Discussant: Matthias Kehrig, Duke University and NBER
10:45 am
Break
11:00 am
Masao Fukui, Boston University
Emi Nakamura, University of California, Berkeley and NBER
Jón Steinsson, University of California, Berkeley and NBER

The Macroeconomic Consequences of Exchange Rate Depreciations
Discussant: Dmitry Mukhin, London School of Economics
12:00 pm
Lunch and Adjourn