International Seminar on Macroeconomics


Jeffrey Frankel and Francesco Giavazzi, ISOM Chairs


Jeffrey Frankel and Christopher Pissarides, Program Organizers


City Hotel Ljubljana

Dalmatinova 15

SI-1000 Ljubljana, Slovenia


June 20-21, 2008







8:30 am




8:45 am




9:00 am

Opening Remarks by Dr. Marko Kranjec, Governor of the Bank of Slovenia



9:15 am

Etienne Wasmer, Sciences Po Paris


A Note on the Employment Effects of the 35-Hour Workweek Regulation in France


(with Matthieu Chemin) 




Discussants: John Abowd, Cornell University and NBER


Christopher Pissarides, London School of Economics



10:30 am

Coffee Break



10:45 am

Richard Baldwin, Graduate Institute, Geneva and NBER


Virginia Di Nino, Bank of Italy


Trade Pricing Effects of the Euro




Discussants: Philippe Bacchetta, University of Lausanne


Jose Manuel Campa, IESE Business School and NBER



12:00 pm




1:00 pm

Dalia Marin, University of Munich


The New Corporation in Europe




Discussants: Josef Brada, Arizona State University


Polona Domadenik, University of Ljubljana



2:15 pm

Laura Alfaro, Harvard University and NBER


Andrew Charlton, London School of Economics


Fabio Kanczuk, Universidade de Sao Paulo


Firm-Size Distribution and Cross-Country Income Differences




Discussants: John Haltiwanger, University of Maryland and NBER





3:30 pm

Coffee Break



3:45 pm

Paul Bergin, UC, Davis and NBER


Ching-Yi Lin, UC, Davis


Exchange Rate Regimes and the Extensive Margin of Trade




Discussants: George von Furstenberg, National Science Foundation


Stephen Redding, London School of Economics



5:00 pm

Mark Taylor, University of Warwick


Real Variables, Nonlinearity, and European Real Exchange Rates


(with Hyeyoen Kim)




Discussants: Charles Engel, University of Wisconsin and NBER


Kenneth West, University of Wisconsin and NBER



6:15 pm




6:45 pm

Guided Walking Tour of the Inner-City Sites, Ending at the River House Restaurant



8:00 pm

Formal Dinner at the River House Restaurant, Hosted by Dr. Marko Kranjec, Governor of the Bank of Slovenia








9:00 am

Francis Warnock, University of Virginia and NBER


Current Account Sustainability and the Relative Reliability of the International Accounts


(with Stephanie Curcuru and Charles Thomas)




Discussants: Michael Dooley, UC, Santa Cruz and NBER


Daniel Gros, Centre for European Policy Studies



10:15 am

Coffee Break



10:30 am

Carmen Reinhart, University of Maryland and NBER


Vincent Reinhart, American Enterprise Institute


Capital Flow Bonanzas: An Encompassing View of the Past and Present




Discussants: Francesco Giavazzi, MIT and NBER


Sebnem Kalemli-Ozcan, University of Houston and NBER



11:45 am

Richard Clarida, Columbia University and NBER


Reflections on Monetary Policy in the Open Economy




Discussants: Paolo Pesenti, Federal Reserve Bank of New York and NBER


Frank Smets, European Central Bank 



1:00 pm

Adjourn and Lunch



2:45 pm 

Bus Departs from Hotel Entrance for Guided Tour (dress code: casual)



4:00 pm

Guided Tour (part on electric train, part walking) of Postojna Underground Cave (temp. 8 C) and Predjama Castle



7:30 pm

Dinner at the Tourist Farm Hudicevec (local cuisine)