Discussants: DAVID ROMER, UC, Berkeley and NBER

FRANCESCO CASELLI, Harvard University and NBER

10:30 AM Break

10:45 AM PHILIP LANE, Trinity College Dublin

GIAN MARIA MILESI-FERRETTI, International Monetary Fund

Long-Term Capital Movements

Discussants: KRISTIN FORBES, MIT and NBER

JEFFREY FRANKEL, Harvard University and NBER (Tentative)

12:15 PM Lunch

1:45 PM ROBERT BARSKY, University of Michigan and NBER

LUTZ KILIAN, University of Michigan

A Monetary Explanation of the Great Stagflation of the 1970s

Discussants: OLIVIER BLANCHARD, MIT and NBER

ALAN BLINDER, Princeton University and NBER (Tentative)

3:15 PM Break

3:00 PM MARVIN J. BARTH III, Board of Governors of the Federal Reserve System

VALERIE RAMEY, U.C. San Diego and NBER

The Cost Channel of Monetary Transmission

Discussants: CHARLES EVANS, Federal Reserve Bank of Chicago

SIMON GILCHRIST, Boston University and NBER

5:00 PM Adjourn

6:00 PM Group Dinner

Royal Sonesta Hotel

SATURDAY, APRIL 21:

8:30 AM Continental Breakfast

9:00 AM XAVIER GABAIX, MIT

DAVID LAIBSON, Harvard University and NBER

The 6D Bias and the Equity Premium Puzzle

Discussants: ANTHONY LYNCH, New York University

MONIKA PIAZZESI, UC, Los Angeles

10:30 AM TIM COGLEY, Arizona State University

THOMAS SARGENT, Stanford University and NBER

Evolving Post-World War II Inflation Dynamics

Discussants: CHRISTOPHER SIMS, Princeton University and NBER

JAMES STOCK, Harvard University and NBER

12:30 PM Adjourn

3/15/01