NATIONAL BUREAU OF ECONOMIC RESEARCH, INC.



International Finance and Macroeconomics Program Meeting



Charles Engel and Linda Tesar, Organizers



October 26, 2001



NBER, Offices

1050 Massachusetts Avenue

Cambridge, Massachusetts



PRELIMINARY PROGRAM

THURSDAY, OCTOBER 25:

6:30 PM Dinner

Legal Sea Foods Restaurant

Kendall Square

5 Cambridge Center

Cambridge, MA 02142

FRIDAY, OCTOBER 26:



8:00 AM Shuttle Van Departs Royal Sonesta Hotel for 1050 Mass. Avenue.



8:15 AM Shuttle Van Departs Royal Sonesta Hotel for 1050 Mass. Avenue.



8:00 AM Continental Breakfast



8:30 AM DARON ACEMOGLU, MIT and NBER

JAUME VENTURA, MIT and NBER

The World Income Distribution

Discussants: PIERRE-OLIVIER GOURINCHAS, Princeton University and NBER

RICARDO HAUSMANN, Harvard University



9:45 AM SERGIO REBELO, Northwestern University and NBER

CARLOS A. VEGH, UC, Los Angeles and NBER

When is it Optimal to Abandon a Fixed Exchange Rate?

Discussants: ROBERT FLOOD, International Monetary Fund

MICHAEL W. KLEIN, Tufts University and NBER



11:00 AM Break



11:15 AM TORBEN G. ANDERSEN, Northwestern University and NBER

TIM BOLLERSLEV, Duke University and NBER

FRANCIS X. DIEBOLD, University of Pennsylvania and NBER

CLARA VEGA, University of Pennsylvania

Micro-Effects of Macro Announcements: Real Time Price Discovery in

Foreign Exchange

Discussants: KATHRYN DOMINGUEZ, University of Michigan and NBER

NELSON MARK, Ohio State University and NBER Over, Please! International Finance and Macroeconomics Program Meeting, Page 2:



12:30 PM Lunch



2:00 PM MICHAEL W. BRANDT, University of Pennsylvania and NBER

JOHN H. COCHRANE, University of Chicago and NBER

PEDRO SANTA-CLARA, UC, Los Angeles

International Risk Sharing is Better Than You Think (or Exchange Rates are

Much Too Smooth)



Discussants: HELENE REY, Princeton University and NBER

ROBERTO RIGOBON, MIT and NBER



3:30 PM RUI ALBUQUERQUE, University of Rochester

The Composition of International Capital Flows: Risk Sharing through Foreign Direct Investment



Discussants: ROBERT LIPSEY, CUNY and NBER

JONATHAN EATON, Boston University and NBER



4:45 PM Adjourn



10/16/01