Authors, please upload your paper here.

 

NATIONAL BUREAU OF ECONOMIC RESEARCH, INC.

 

Preconference for Sovereign Debt and Financial Crises Project

 

Sebnem Kalemli-Ozcan, Carmen M. Reinhart, and Kenneth S. Rogoff, Organizers

 

July 9, 2012

 

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

 

Program

 

Monday, July 9:

 

 

1:30 pm

Welcome and Conference Background

 

 

1:45 pm

Maurice Obstfeld, University of California at Berkeley and NBER

 

Current Account Imbalances and the Sovereign Debt Crises in Europe

 

 

2:00 pm

Alberto Alesina, Harvard University and NBER

 

Favero Carlo, Bocconi University

 

Francesco Giavazzi, Bocconi University

 

Fiscal Policy: The Role of “Confidence”

 

 

2:15 pm

Oscar Jorda, University of California at Davis

 

Moritz Schularick, Free University of Berlin

 

Alan Taylor, University of Virginia and NBER

 

Sovereigns versus Banks: Crises, Causes, and Consequences

 

 

2:30 pm

Break

 

 

3:00 pm

Jack Favilukis, London School of Economics

 

Sydney Ludvigson, New York University and NBER

 

Stijn Van Nieuwerburgh, New York University and NBER

 

Foreign Ownership of US Safe Assets: Good or Bad

 

 

3:15 pm

Pablo D’Erasmo, University of Maryland

 

Enrique Mendoza, University of Maryland and NBER

 

Distributional Incentives in an Equilibrium Model of Domestic Sovereign Default

 

 

3:30 pm

Carmen Reinhart, Peterson Institute for International Economics and NBER

 

Vincent Reinhart, American Enterprise Institute

 

Kenneth Rogoff, Harvard University and NBER

 

Debt Overhangs

 

 

3:45 pm

Atif Mian, University of California at Berkeley and NBER

 

Amir Sufi, University of Chicago, and NBER

 

Francesco Trebbi, University of British Columbia and NBER

 

Resolving Debt Overhang: Political Constraints in the Aftermath of Financial Crises

 

 

4:00 pm

Break

 

 

4:15 pm

Graciela Kaminsky, George Washington University and NBER

 

Pablo Vega-Garcia, George Washington University

 

Varieties of Sovereign Crises: Latin America, 1820-1931

 

 

4:30 pm

Fabrizio Balassone, Bank of Italy

 

Maura Francese, Bank of Italy

 

Angelo Pace, Bank of Italy

 

Public Debt and Economic Growth in Italy

 

 

4:45 pm

Soner Baskaya,  Central Bank of the Republic of Turkey

 

Sebnem Kalemli-Ozcan, University of Maryland and NBER

 

Rare Disasters and Financial Crises

 

 

5:00 pm

Adjourn