NATIONAL BUREAU OF ECONOMIC RESEARCH



International Finance and Macroeconomics Program Meeting



October 22, 2004



Charles Engel and Linda Tesar, Organizers



NBER

1050 Massachusetts Avenue

Cambridge, Massachusetts



PROGRAM



THURSDAY, OCTOBER 21:

6:30 pm             Group Dinner

Davios Restaurant

Royal Sonesta Hotel

5 Cambridge Parkway

Cambridge, MA



FRIDAY, OCTOBER 22:



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



8:30 am             Shuttle Van Departs Royal Sonesta Hotel for 1050 Mass. Avenue



8:30 am             Continental Breakfast



9:00 am             MARTIN EVANS, Georgetown University and NBER

RICHARD LYONS, UC, Berkeley and NBER

Exchange Rate Fundamentals and Order Flow



Discussant: ANNA PAVLOVA, MIT



10:00 am           Break



10:30 am           TORBEN ANDERSEN, Northwestern University and NBER

TIM BOLLERSLEV, Duke University and NBER

FRANCIS X. DIEBOLD, University of Pennsylvania and NBER

CLARA VEGA, University of Rochester

Real-Time Price Discovery in Stock, Bond and Foreign Exchange Markets



Discussant: JEFFREY FRANKEL, Harvard University and NBER



11:30 am           ASSAF RAZIN, Cornell University and NBER

YONA RUBINSTEIN and EFRAIM SADKA, Tel Aviv University

Fixed Costs and FDI: The Conflicting Effects of Productivity Shocks



Discussant: STEPHEN YEAPLE, University of Pennsylvania





12:30 pm           Lunch



1:30 pm             ENRIQUE MENDOZA, University of Maryland and NBER

Sudden Stops in an Equilibrium Business Cycle Model with Credit Constraints:

A Fisherian Deflation of Tobins q



Discussant: MARTIN URIBE, Duke University and NBER



2:30 pm             JUSTIN DUBAS and BYUNG-JOO LEE, University of Notre Dame

NELSON MARK, University of Notre Dame and NBER

Effective Exchange Rate Classifications



Discussant: GRACIELA KAMINSKY, George Washington University and NBER



3:30 pm             Break



4:00 pm             MICHAEL W. KLEIN, Tufts University and NBER

JAY C. SHAMBAUGH, Dartmouth College

Fixed Exchange Rates and Trade



Discussant: ERIC VAN WINCOOP, University of Virginia and NBER



5:00 pm             Adjourn







10/13/04