Error! Bookmark not defined.NATIONAL BUREAU OF ECONOMIC RESEARCH, INC.

 

SUMMER INSTITUTE 2007

 

International Finance & Macroeconomics

 

Linda Goldberg and Eric Van Wincoop, Organizers

 

Jeffrey Frankel, Program Director

 

Royal Sonesta Hotel

Parkview Room

40 Edwin H. Land Boulevard

Cambridge, Massachusetts

 

July 9 - 13, 2007

 

PROGRAM

 

MONDAY, JULY 9:

 

 

 8:30 am

Coffee and Pastries

 

 

International Capital Mobility

 

 

 9:00 am

LEE OHANIAN, UC, Los Angeles and NBER

 

MARK WRIGHT, UC, Los Angeles

 

International Capital Mobility: 1950-2006

 

 

 

Discussants: OLIVIER JEANNE, International Monetary Fund

 

                      AART KRAAY, The Word Bank

 

 

10:20 am

Break

 

 

10:40 am

SIRSHA CHATTERJEE and KANDA NAKNOI, Purdue University

 

Marginal Product of Capital, Capital Flows and Convergence

 

 

 

Discussants: LINDA TESAR, University of Michigan and NBER

 

                      FRANK WARNOCK, University of Virginia and NBER

 

 

12:00 n

Lunch and Adjourn

 

 

TUESDAY, JULY 10:

 

 

 8:30 am

Coffee and Pastries

 

 

Exchange Rates and Macro Fundamentals

 

 

 9:00 am

JAN GROEN, Bank of England

 

Fundamentals Based Exchange Rate Prediction Revisited

 

 

 

Discussants:  MARTIN EVANS, Georgetown University

 

                      CHARLES ENGEL, University of Wisconsin and NBER

 

 

10:20 am

Break

 

 

10:40 AM

MARCEL FRATZSCHER, European Central Bank

 

US Shocks and Global Exchange Rate Configurations

 

 

 

Discussants: JON FAUST, Johns Hopkins University and NBER

 

                      NELSON MARK, University of Notre Dame and NBER

 

 

12:00 n

Lunch and Adjourn

 

 

WEDNESDAY, JULY 11:

 

 

 8:30 am

Coffee and Pastries

 

 

International Risksharing and Financial Integration

 

 

 9:00 am

INDRIT HOXHA, University of Houston

 

SEBNEM KALEMLI-OZCAN, University of Houston and NBER

 

DIETZ VOLLRATH, University of Houston

 

International Financial Integration, and Economic Growth: Accounting for the  Efficiency Effect

 

 

 

Discussants: ANDREI LEVCHENKO, International Monetary Fund

 

                      FABRIZIO PERRI, University of Minnesota and NBER

 

 

10:20 am

Break

 

 

10:40 am

MARIA GIDUSKOVA and BORJA LARRAIN, Federal Reserve Bank of Boston

 

International Risk-Taking, Volatility and Consumption Growth

 

 

 

Discussants: MAURICE OBSTFELD, UC, Berkeley and NBER

 

                      ESWAR PRASAD, Cornell University

 

 

12:00 n

Memorial Luncheon for Bill Branson, founding Director of the NBER's

 

International Economics program

 

 

 6:00 pm

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

 

 

THURSDAY, JULY 12:

 

 

 8:30 am

Coffee and Pastries

 

 

Real Adjustment to Imbalances

 

 

 9:00 am

GIANCARLO CORSETTI, European University Institute

 

PHILIPPE MARTIN, Université Paris-I Panthéon-Sorbonne

 

PAOLO PESENTI, Federal Reserve Bank of New York and NBER

 

Varieties and the Transfer Problem: the Extensive Margin of Current Account Adjustment

 

 

 

Discussants: CHRISTIAN BRODA, University of Chicago

 

                       JOSEPH GAGNON, Federal Reserve Board

 

 

10:20 am

Break

 

 

10:40 am

VIRAL ACHARYA, London Business School

 

HYUN SONG SHIN, Princeton University

 

TANJU YORULMAZER

 

Fire-Sale FDI

 

 

 

Discussants: MARK AGUIAR, University of Rochester

 

                       BERNARD DUMAS, INSEAD and NBER

 

 

12:00 n

Lunch and Adjourn

 

 

FRIDAY, JULY 13:

 

 

 8:30 am

Coffee and Pastries

 

 

Prices and Exchange Rates

 

 

 9:00 am

PINELOPI GOLDBERG, Yale University and NBER

 

REBECCA HELLERSTEIN, Federal Reserve Bank of New York

 

A Framework for identifying the Sources of Local-Currency Price Stability with an Empirical Application

 

 

 

Discussants: GITA GOPINATH, Harvard University and NBER

 

                      GIANCARLO CORSETTI, European University Institute

 

 

10:20 am

Break

 

 

10:40 am

PATRICK KEHOE and VIRGILIU MIDRIGAN, Federal Reserve Bank of Minneapolis and NBER

 

Can Heterogeneity in Price Stickiness Account for the Dispersion in the Law of One Price Deviations?

 

 

 

Discussants: PHILIPPE BACCHETTA, Study Center Gerzensee

 

                       KENNETH ROGOFF, Harvard University and NBER

 

 

12:00 n

Lunch and Adjourn

 

 

 

 

 

 

 

 

 

 

 

 

6/19/07