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NATIONAL BUREAU OF ECONOMIC RESEARCH

IGIER at BOCCONI UNIVERSITY

 

Trans-Atlantic Public Economics Seminar

Conference on Fiscal Policy

 

June 14-16, 2010

 

Roger Gordon and Roberto Perotti, Organizers

 

Varenna (Lake Como), Italy

 

PROGRAM

 

SUNDAY, JUNE 13:

 

 

 7:30 pm

Welcome buffet-dinner in the garden of Villa Cipressi

 

 

MONDAY, JUNE 14:

 

 

 

 

Output Response to Fiscal Policy

 

 

 

CHAIR:  ROBERTO PEROTTI, Bocconi University

 

 

 9:00 am

KAREL MERTENS, Cornell University

 

MORTEN RAVN, University College London

 

Empirical Evidence on the Aggregate Effects of Anticipated and Unanticipated U.S. Tax Policy Shocks

 

 

 

Discussants: MARTIN EICHENBAUM, Northwestern University and NBER

 

CARLO FAVERO, IGIER

 

 

10:15 am

Break

 

 

10:45 am

ALAN AUERBACH and YURIY GORODNICHENKO, UC, Berkeley and NBER

 

Measuring the Output Responses to Fiscal Policy

 

 

 

Discussants: ALEX MICHAELIDES, LSE

 

ROBERTO PEROTTI, IGIER

 

 

12:00 n

ERIC LEEPER, Indiana University

 

ALEXANDER RICHTER, Indiana University

 

TODD WALKER, Indiana University

 

Quantitative Effects of Fiscal Foresight

 

 

 

Discussants: ETHAN ILZETZKI, London School of Economics

 

STEPHANIE SCHMITT-GROHE, Columbia University

 

 

 1:15 pm

Lunch

 

 

State and Local Fiscal Policy

 

 

 

CHAIR: FRANCESCO GIAVAZZI, IGIER and NBER

 

 

 2:45 pm

JEFF CLEMENS, Harvard University

 

The Effects of State Budget Cuts on Employment and Income

 

 

 

Discussants:  JAMES POTERBA, MIT and NBER

 

ALAN AUERBACH, UC, Berkeley and NBER

 

 

 4:00 pm

Break

 

 

 4:15 am

JOSHUA RAUH, Northwestern University and NBER

 

ROBERT NOVY-MARX, University of Chicago

 

Fiscal Imbalances and Borrowing Costs: Evidence from State Investment Losses

 

 

 

Discussants:  ANDREAS PEICHL, University of Bonn

 

MARCO BATTAGLINI, Princeton University and NBER

 

 

 5:30 pm

Adjourn

 

 

 8:30 pm

Dinner at Hotel Royal

 

 

TUESDAY, JUNE 15:

 

 

Choice of Fiscal Policy

 

 

 

CHAIR:  ALAN AUERBACH, UC, Berkeley and NBER

 

 

 9:00 am

MARCO BATTAGLINI, Princeton University and NBER

 

STEPHEN COATE, Cornell University and NBER

 

Fiscal Policy over the Real Business Cycle: A Positive Theory

 

 

 

Discussants:  PHILIP LANE, Trinity College

 

ROGER GORDON, UC, San Diego and NBER

 

 

 10:15 am

Break

 

 

 10: 45 am

PHILIP LANE, Trinity College Dublin

 

International Differences in Fiscal Policy During the Global Crisis

 

 

 

Discussants:  ILIAN MIHOV, INSEAD

 

SILVANA TENREYRO, London School of Economics

 

 

12:00 n

Lunch

 

 

 1:30 pm

Excursion to Bellagio

 

 

 7:30 pm

Dinner at “Ristorante La Pergola”  (Pescallo)

 

 

10:00 pm

Back to Varenna

 

 

WEDNESDAY, JUNE 16:

 

 

International Evidence on the Effects of Fiscal Policy

 

 

 

CHAIR:  JAMES POTERBA, MIT and NBER

 

 

 8:30 am

ETHAN ILZETZKI, London School of Economics

 

ENRIQUE MENDOZA and CARLOS VEGH, University of Maryland and NBER

 

How Big (Small?) are Fiscal Multipliers?

 

 

 

Discussants:  JAMES FEYRER, Dartmouth College and NBER

 

TODD WALKER, Indiana University

 

 

 9:45 am

Break

 

 

10:00 am

MATHIAS DOLLS, University of Cologne

 

CLEMENS FUEST, Oxford University

 

ANDREAS PEICHL, University of Bonn

 

Automatic Stabilizers and Economic Crisis: US vs. Europe

 

 

 

Discussants:   TOMMASCO MONACELLI, Bocconi University

 

MORTEN RAVN, University College, London

 

 

11:15 am

JAMES FEYRER and JAY SHAMBAUGH, Dartmouth College and NBER

 

Global Savings and Global Investment: The Transmission of Identified Fiscal Shocks

 

 

 

Discussants:  CLEMENS FUEST, Oxford University

 

JOSHUA RAUH, Northwestern University and NBER

 

 

12:30 pm

Lunch

 

 

Time Series Approaches to the Macroeconomic Effects of Taxation

 

 

 

CHAIR:  ROGER GORDON, UC, San Diego and NBER

 

 

 

Choice of Fiscal Policy

 1:30 pm

CARLO FAVERO, IGIER

 

FRANCESCO GIAVAZZI, IGIER

 

VAR-Based and Narrative Measures of the Tax Multiplier

 

 

 

Discussants:   MARTIN URIBE, Columbia University

 

 JEFF CLEMENS, Harvard University

 

 

 2:45 pm

Break

 

 

 3:00 pm

ROBERTO PEROTTI, IGIER

 

The Effects of Tax Shocks:: Negative and Large

 

 

 

Discussants: CARLO FAVERO, IGIER

 

 

 4:15 pm

Adjourn

 

 

 8:00 pm

Dinner at Hotel Royal