NATIONAL BUREAU OF ECONOMIC RESEARCH, INC.
Universities Research Conference
International Transmission and Comovement
December 10 and 11, 2004
Marianne Baxter and Paul Bergin, Organizers
Royal
Sonesta Hotel
5 Cambridge Parkway
Cambridge, MA
PROGRAM
FRIDAY, DECEMBER 10:
8:30 am Continental
Breakfast
Session 1: Empirical
Studies of International Business Cycle Comovement
9:00 am AYHAN KOSE, International Monetary Fund
CHRISTOPHER OTROK, University of Virginia
CHARLES WHITEMAN, University of Iowa
Understanding the
Evolution of World Business Cycles
Discussant: ALEJANDRO JUSTINIANO, International Monetary Fund
10:00 am MIHIR DESAI, Harvard University and NBER
C. FRITZ FOLEY, Harvard University
The Comovement of Returns and Investment within the Multinational Firm
Discussant: MARCO DEL NEGRO, Federal Reserve Bank of Atlanta
11:00 am Break
Session 2: International Price Comovement
11:30 am REBECCA HELLERSTEIN, Federal Reserve Bank of New York
A Decomposition of
the Sources of Incomplete Cross-border Transmission: The Case of Beer
Discussant: PINELOPI GOLDBERG, Yale University and NBER
12:30 pm Lunch
Session 2: International Price Comovement cont.
1:30 pm GIANCARLO CORSETTI, European University Institute
LUCA DEDOLA, European Central Bank
SYLVAIN LEDUC, Federal Reserve Board
International Risk-Sharing and the Transmission of Productivity Shocks
Discussant:
MICHAEL KOUPARITSAS, Federal Reserve Bank of Chicago
2:30 pm Break
Session 3: Two-country Macro Models with Entry
3:00 pm FABIO GHIRONI, Boston College
MARC MELITZ, Harvard University
International Trade and Macroeconomic Dynamics with Heterogeneous Firms
Discussant:
MICHAEL DEVEREUX, University of British Columbia
4:00 pm KATHERYN
RUSS, UC, Davis
The Endogeneity of the
Exchange Rate as a Determinant of FDI:
A Model of Money, Entry and Multinational Firms
Discussant: FABIO GHIRONI, Boston College
5:00 pm Adjourn
6:00 pm Group Dinner - Royal Sonesta Hotel
SATURDAY, DECEMBER 11:
8:30 am Continental
Breakfast
Session 4: Balance of Payments Issues
9:00 am MARTIN
BOILEAU, University of Colorado
MICHEL NORMANDIN, HEC Montréal
Dynamics of the Current Account and Interest Differentials
Discussant: CAMILO TOVAR, Bank for International Settlements
10:00 am ASSAF RAZIN and YONA RUBINSTEIN, Tel-Aviv University
Discussant: CHETAN SUBRAMANIAN, University of Buffalo
11:00 am Break
Session 5: Fiscal Policy Issues
11:30 am JINILL KIM, Federal Reserve Board
SUNGHYUN HENRY KIM, Tufts University
Welfare Effects of Tax Policy in Open Economies: Stabilization and Cooperation
Discussant: MARGARIDA DUARTE, Federal Reserve Bank of Richmond
12:30 pm LUISA LAMBERTINI, Boston College
Fiscal Rules in a Monetary Union
Discussant: ASSAF RAZIN, Cornell University and NBER
1:30 pm Adjourn
11/19/04