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NATIONAL BUREAU OF ECONOMIC RESEARCH, INC.

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

PROGRAM

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?

Discussants:

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

 

 

Discussants:

 

Robert McCauley, Bank for International Settlements, Basel

 

Gian Maria Milesi Ferretti, IMF

12:00 pm

Lunch

1:30 pm

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

 

Discussants:
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

 

 

Discussants:
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

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

5:30 pm

Adjourn

6:30 pm

Dinner
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

 

 

Discussants:
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

 

 

Discussants:
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

 

Discussants:
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



Dinner
Restaurant Riviera
Antonijas iela, 13
, Riga

MAP