Authors, please upload your paper here.


International Seminar on Macroeconomics

Richard Clarida, Jeffrey Frankel, Francesco Giavazzi, and Hélène Rey, Organizers

June 27-28, 2014

Bank of Latvia
K. Valdemara iela 1B, Riga, Latvia


Participant List

Friday, June 27:

8:40 am

Meet in lobby of Neiburgs Hotel.  A Bank of Latvia representative will guide  participants to the seminar venue.

9:00 am

Welcome and Opening Remarks



9:15 am

Kristin Forbes, MIT and NBER
Marcel Fratzscher, DIW Berlin and Humboldt University Berlin
Roland Straub, European Central Bank
Capital Controls and Macroprudential Measures: What Are They Good For?


Carmen Reinhart, Harvard University and NBER

Hélène Rey, London Business School and NBER

10:30 am

Coffee Break

10:45 am

Agustin Benetrix, Trinity College Dublin
Philip Lane, Trinity College Dublin
Jay Shambaugh, George Washington University and NBER
International Currency Exposures, Valuation Effects, and the Global Financial Crisis





Robert McCauley, Bank for International Settlements, Basel


Gian Maria Milesi Ferretti, IMF

12:00 pm


1:30 pm

Cecilia Hornok, Hungarian Academy of Sciences
Miklos Koren, Central European University
Lumpy Trade and the Welfare Effects of Administrative Barriers


Konstantins Benkovskis, Bank of Latvia
Ina Simonovska, University of California at Davis and NBER

2:45 pm

Coffee Break


3:00 pm

Oscar Jorda, Federal Reserve Bank of San Francisco
Moritz Schularick, University of Bonn
Alan Taylor, University of California at Davis and NBER
Betting the House



Ugo Panizza, The Graduate Institute, Geneva
Vincent Reinhart, Morgan Stanley

4:15 pm

Evi Pappa, European University Institute  SLIDES
Rana Sajedi, European University Institute
Eugenia Vella, European University Institute
Fiscal Consolidation with Tax Evasion and Corruption

Francesco Giavazzi, Bocconi University and NBER
Saverio Simonelli, University of Naples Federico II

5:30 pm


6:30 pm

SUITE Restaurant at the Grand Palace Hotel
Pils iela 12, Riga

Saturday, June 28:

8:00 am

Alberto Alesina, Harvard University and NBER
Carlo Favero, Bocconi University
Francesco Giavazzi, Bocconi University and NBER
The Output Effect of Fiscal Consolidation Plans



Alan Auerbach, University of California, Berkeley and NBER
Ethan Ilzetzki, London School of Economics


9:15 am

Coffee Break

9:30 am

Carmen Reinhart, Harvard University and NBER
Vincent Reinhart, Morgan Stanley
Kenneth Rogoff, Harvard University and NBER
Effective Defaults on Sovereign Debt in Advanced Countries



Richard Clarida, Columbia University and NBER
Richard Portes, London Business School and NBER

10:45 am

Harald Hau, University of Geneva
Incentive Pay and Bank Risk Taking: Evidence from Austrian, German, and Swiss Banks


Thorsten Beck, Cass Business School
Anil Kashyap, University of Chicago and NBER


12:00 pm

Lunch and Adjourn

3:00 pm

Walking Tour in Old Town and the Art Nouveau area
(participants should meet in Neiburgs Hotel lobby)

5:00 pm

Restaurant Riviera
Antonijas iela, 13
, Riga