NATIONAL BUREAU OF ECONOMIC RESEARCH

 

SUMMER INSTITUTE 2008

 

International Finance and Macroeconomics Workshop

 

Jeffrey Frankel, Program Chair

Linda Goldberg and Nelson Mark, Organizers

 

July 7-11, 2008

 

Royal Sonesta Hotel

Parkview Room

40 Edwin H. Land Boulevard

Cambridge, Massachusetts

 

PROGRAM

 

MONDAY, JULY 7:

 

 

8:30 am

Coffee and Pastries

 

 

 

International Price Differences--Macro

 

 

9:00 am

JEAN IMBS, HEC Lausanne

 

ISABELLE MEJEAN, Ecole Polytechnique

 

Elasticity Optimism

 

 

 

Discussant:  JONATHAN EATON, New York University and NBER Slides

 

Discussant:  GEORGE ALESSANDRIA, Federal Reserve Bank of Philadelphia

 

 

10:20 am

Break

 

 

10:40 am

CARLOS CARVALHO, Federal Reserve Bank of New York

 

FERNANDA NECHIO, Princeton University

 

Aggregation and the PPP Puzzle in a Sticky Price Model

 

 

 

Discussant: HELENE REY, London Business School and NBER  Slides

 

Discussant: MICK DEVEREUX, University of British Columbia  Slides

 

 

12:00 pm

Lunch and Adjourn

 

 

TUESDAY, JULY 8:

 

 

8:00 am

Coffee and Pastries

 

 

 

International Price Differences--Micro

 

 

8:30 am

DOIREANN FITZGERALD, Stanford University

 

STEFANIE HALLER, ESRI

 

Exchange Rates and Producer Prices: Evidence from Micro-Data

 

 

 

Discussant: MARIO CRUCINI, Vanderbilt University Slides

 

 

9:30 am

Break

 

 

9:45 am

GITA GOPINATH, Harvard University and NBER

 

PIERRE-OLIVIER GOURINCHAS and CHANG-TAI HSIEH,

 

UC, Berkeley and NBER

 

Cross-Border Prices, Costs, and Markups

 

 

 

Discussant: PAUL BERGIN, UC, Davis and NBER  Slides

 

 

10:45 am

Break

 

 

11:00 am

CHRISTIAN BRODA, University of Chicago and NBER

 

DAVID WEINSTEIN, Columbia University and NBER

 

Understanding International Price Differences using Barcode Data

 

 

 

Discussant: CHARLES ENGEL, University of Wisconsin and NBER  Comments

 

 

12:00 pm

Lunch and Adjourn

 

 

WEDNESDAY, JULY 9:

 

 

8:30 am

Coffee and Pastries

 

 

 

Empirical Aspects of International Business Cycles

 

 

9:00 am

AYHAN KOSE, International Monetary Fund

 

CHRISTOPHER OTROK, University of Virginia

 

ESWAR PRASAD, Cornell University

 

Global Business Cycles: Convergence or Decoupling?

 

 

 

Discussant:  MARK AGUIAR, University of Rochester and NBER

 

Discussant: FABRIZIO PERRI, University of Minnesota and NBER

 

 

10:20 am

Break

 

 

10:40 am

JULIAN DI GIOVANNI and ANDREI LEVCHENKO, International Monetary Fund

 

Putting the Parts Together: Trade, Vertical Linkages, and Business Cycle Comovement

 

 

 

Discussant: KEI-MU YI, Federal Reserve Bank of Philadelphia  Slides

 

Discussant ANDREW ROSE, UC, Berkeley and NBER  Slides

 

 

12:00 pm

Lunch and Adjourn

 

 

6:00 pm

Clambake, Harvard Faculty Club, 20 Quincy Street, Cambridge, MA

 

 

THURSDAY, JULY 10:

 

 

8:30 am

Coffee and Pastries

 

 

9:00 am

GIANCARLO CORSETTI, European University Institute

 

LUCA DEDOLA, European Central Bank

 

How much Cross-Country Risk Sharing do International Financial Markets Provide?

 

 

 

Discussant: LINDA TESAR, University of Michigan and NBER

 

Discussant: BENT SORENSEN, University of Houston  Slides

 

 

10:20 am

Break

 

 

10:40 am

ROBERT FLOOD, International Monetary Fund

 

NANCY MARION, Dartmouth College

 

AKITO MATSUMOTO, International Monetary Fund

 

International Risk Sharing During the Globalization Era

 

 

 

Discussant: KENNETH ROGOFF, Harvard University and NBER

 

Discussant:  KAREN LEWIS, University of Pennsylvania and NBER  Slides

 

 

12:00 pm

Lunch and Adjourn

 

 

FRIDAY, JULY 11:

 

 

 8:00 am

Coffee and Pastries

 

 

 

Asset Markets and the Open Economy

 

 

 8:30 am

CEDRIC TILLE, University of Geneva

 

ERIC VAN WINCOOP, University of Virginia and NBER

 

International Capital Flows under Dispersed Information: Theory and Evidence

 

 

 

Discussant: BERNARD DUMAS, University of Lausanne and NBER  Slides

 

 

 9:30 am

Break

 

 

 9:45 am

ANA FOSTEL, George Washington University

 

JOHN GEANAKOPLOS, Yale University

 

Leverage Cycles and The Anxious Economy

 

 

 

Discussant: ROBERTO CHANG, Rutgers University and NBER  Slides

 

 

10:45 am

Break

 

 

11:00 am

ENRIQUE MENDOZA, University of Maryland and NBER

 

VIVIAN YUE, New York University

 

A Solution to the Default Risk-Business Cycle Disconnect

 

 

 

Discussant: STEPHANIE SCHMITT-GROHE, Duke University and NBER

 

 

12:00 pm

Lunch and Adjourn

 

 

 

 

 

 

 

 

6/23/08