NATIONAL BUREAU OF ECONOMIC RESEARCH, INC.



INTERNATIONAL FINANCE AND MACROECONOMICS PROGRAM MEETING



Richard Lyons and Andrés Velasco, Organizers

March 19, 2004

NBER

2nd Floor Conference Room

1050 Massachusetts Avenue

Cambridge, Massachusetts



PROGRAM







THURSDAY, MARCH 18, 2004

6:30 PM Dinner

Davio's Restaurant

5 Cambridge Parkway

Cambridge, MA



FRIDAY, MARCH 19, 2004



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 PIERRE-OLIVIER GOURINCHAS, UC, Berkeley and NBER

HELENE REY, Princeton University and NBER

International Financial Adjustment

Discussant: ALAN STOCKMAN, University of Rochester and NBER



10:00 AM Break



10:30 AM CHRISTIAN BRODA, Federal Reserve Bank of New York

JOHN ROMALIS, University of Chicago and NBER Identifying the Relationship Between Trade and Exchange Rate Volatility



Discussant: ERIC VAN WINCOOP, University of Virginia and NBER

11:30 AM FERNANDO BRONER,CREI

Discrete Devaluations and Multiple Equilibria in a First Generation Model

of Currency Crises

Discussant: ROBERTO CHANG, Rutgers University



12:30 PM Lunch Over, Please!

IFM Program Meeting, Page 2:



1:30 PM RUI ALBUQUERQUE and GREGORY BAUER, University of Rochester

MARTIN SCHNEIDER, New York University

International Equity Flows and Returns: A Quantitative Equilibrium Approach

Discussant: LINDA TESAR, University of Michigan and NBER

2:30 PM FABIO GHIRONI, Boston College

MARC MELITZ, Harvard University and NBER

International Trade and Macroeconomic Dynamics with Heterogeneous Firms



Discussant: PAUL BERGIN, UC, Davis and NBER

3:30 PM Break



4:00 PM ARIEL BURSTEIN, UC, Los Angeles

MARTIN EICHENBAUM and SERGIO REBELO, Northwestern University and NBER

Large Devaluations and the Real Exchange Rate



Discussant: CARLOS VEGH, UC, Los Angeles and NBER

5:00 PM Adjourn





3/11/04