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NATIONAL BUREAU OF ECONOMIC RESEARCH, INC.

SI 2014 International Finance & Macroeconomics

Sebnem Kalemli-Ozcan and Michael Devereux, Organizers

July 7-11, 2014

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


PROGRAM

 

Monday, July 7:  Spillovers

8:00 am

Coffee and Pastries

8:30 am

Guido Lorenzoni, Northwestern University and NBER
Ivan Werning, Massachusetts Institute of Technology and NBER
Slow Moving Debt Crises

Discussant:  Vivian Yue, Federal Reserve Board

9:30 am

Break

9:45 am

Christopher Erceg, Federal Reserve Board
Olivier Blanchard, International Monetary Fund and NBER
Jesper Linde, Federal Reserve Board
Jump-Starting the Euro Area Recovery: Would a Rise in Core Fiscal Spending Help the Periphery?

Discussant:  Emmanuel Fahri, Harvard University and NBER

10:45 am

Break

11:00 am

Javier Cravino, University of Michigan
Andrei Levchenko, University of Michigan and NBER
Multinational Firms and International Business Cycle Transmission

Discussant:  Carolina Villegas-Sanchez, ESADE-Universitat Ramon Llull

12:00 n

Lunch and Adjourn

4:00 pm

Workshop on Data Sources in International Finance

4:00-4:05 Introduction of the project by Galina Hale
4:05-4:30 Linda Goldberg: International banking data (slides)
4:30-4:55 Filippo di Mauro: CompNet - international firm data by ECB (slides)
4:55-5:20 Stephanie Curcuru: CPIS and EPFR (slides)
5:20-5:30 Break
5:30-5:55 Galina Hale: BIS (slides)
5:55-6:20 Philip Lane: International Currency Exposures (slides)
6:20-6:45 Other data sets introduction and general discussion


6:45 pm


Workshop adjourns

Tuesday, July 8: Capital Flows and Capital Controls

8:00 am

Coffee and Pastries


8:30 am


Markus Brunnermeier, Princeton University and NBER
Yuliy Sannikov, Princeton University
International Credit Flows, Pecuniary Externalities and Capital Controls

Discussant:  Ozge Akinci, Federal Reserve Board

9:30 am

Break

9:45 am

Tarek Alexander Hassan, University of Chicago and NBER
Rui Mano, University of Chicago
Forward and Spot Exchange Rates in a Multi-currency World

Discussant:  Xavier Gabaix, New York University and NBER

10:45 am

Break

11:00 am

Julien Bengui, Université de Montréal
Javier Bianchi, University of Wisconsin, Madison and NBER
Capital Flow Management when Capital Controls Leak

Discussant:  Alp Simsek, Massachusetts Institute of Technology and NBER

12:00 n

Lunch and Adjourn

Wednesday, July 9:  Banks

8:00 am

Coffee and Pastries


8:30 am


Emine Boz, International Monetary Fund
Pablo D'Erasmo, Federal Reserve Bank of Philadelphia and University of Maryland
Ceyhun Bora Durdu, Federal Reserve Board
Sovereign Risk and Bank Balance Sheets: The Role of Macroprudential Policies

Discussant:  Olivier Jeanne, Johns Hopkins University and NBER

9:30 am

Break

9:45 am

Nicola Gennaioli, Università Bocconi
Alberto Martin, CREI
Stefano Rossi, Purdue University
Banks, Government Bonds, and Default: What do the Data Say?

Discussant: Linda Goldberg,
Federal Reserve Bank of New York and NBER

10:45 am

Break

11:00 am

Friederike Niepmann, Federal Reserve Bank of New York
Tim Schmidt-Eisenlohr, University of Illinois at Urbana-Champaign
No Guarantees, No Trade: How Banks Affect Exports Patterns

Discussant:  Philipp Schnabl, New York University and NBER

12:00 n

Lunch and Adjourn

6:00 pm

Clambake, Royal Sonesta Hotel, 40 Edwin H. Land Boulevard, Cambridge, MA

Thursday, July 10:  Finance-Macro Linkages and Contagion

8:00 am

Coffee and Pastries


8:30 am


Hanno Lustig, University of California at Los Angeles and NBER
Andreas Stathopoulos, University of Southern California
Adrien Verdelhan, Massachusetts Institute of Technology and NBER
The Term Structure of Currency Carry Trade Risk Premia

Discussant:  Karen K. Lewis, University of Pennsylvania and NBER

9:30 am

Break

9:45 am

Silvia Miranda Agrippino, CEPR
Helene Rey, London Business School and NBER
World Asset Markets and the Global Liquidity

Discussant:  Marcel Fratzscher, DIW Berlin and Humboldt University Berlin

10:45 am

Break

11:00 am

Toni Ahnert, Bank of Canada
Christoph Bertsch, Sveriges Riksbank
A wake-up call: information contagion and strategic uncertainty


Discussant:  Laura Veldkamp, New York University and NBER


12:00 n

Lunch and Adjourn

4:30 pm

Feldstein Lecture by Stanley Fischer (Grand Ballroom, West Tower)

Friday, July 11:  Exchange Rates and Trade

8:00 am

Coffee and Pastries


8:30 am


Doireann Fitzgerald, Federal Reserve Bank of Minneapolis and NBER
Stefanie Haller, University College Dublin
Exporters and Shocks: Dissecting the International Elasticity Puzzle

Discussant:  Oleg Itskhoki, Princeton University and NBER

9:30 am

Break

9:45 am

Yuriy Gorodnichenko, University of California at Berkeley and NBER
Oleksandr Talavera, University of East Anglia
Price Setting in Online Markets: Basic Facts, International Comparisons, and Cross-Border Integration

Discussant: Alberto F. Cavallo, Massachusetts Institute of Technology and NBER

10:45 am

Break

11:00 am

Robert Johnson, Dartmouth College and NBER
Rudolfs Bems, International Monetary Fund
International Prices and Demand for Value Added with Global Supply Chains

Discussant:  Robert Dekle, University of Southern California


12:00 n


Lunch and Adjourn