NATIONAL
BUREAU OF ECONOMIC RESEARCH, INC.
Universities
Research Conference
Structural Changes in the Global Economy:
Implications for Monetary Policy and Financial
Regulation
December
9-10, 2005
Andrew
Abel and Janice Eberly, Organizers
Royal
Sonesta Hotel
PRELIMINARY PROGRAM
FRIDAY,
DECEMBER 9, 2005:
9:30 am Registration and Continental Breakfast
10:00 am OWEN
SCOTT SCHUH, Federal Reserve Bank
of
The Roles of
Comovement and Inventory Investment in the Reduction of Output Volatility
Discussant: WILLIAM DUPOR,
11:00 am Break
11:30 am STEPHEN
CECCHETTI,
ALFONSO FLORES-LAGUNES,
STEFAN KRAUSE,
Assessing
the Sources of Changes in the Volatility of Real Growth
Discussant: JAMES STOCK
12:30 pm Lunch
1:30 pm SEBNEM
KALEMLI-OZCAN,
ARIELL RESHEF,
BENT SORENSEN,
OVED YOSHA
Productivity
and Capital Flows: Evidence from U.S.States
Discussant: JOHN COLEMAN,
2:30 pm Break
3:00 pm CHARLES
TRZCINKA and ANDREY UKHOV,
Financial
Globalization and Risk Sharing: Welfare Effects and the Optimality of Open
Markets
Discussant: LEONID KOGAN, MIT and NBER
4:00 pm GIOVANNI
OLIVEI, Federal Reserve Bank of
SILVANA TENREYRO,
The
Timing of Monetary Policy Shocks
Discussant: MARC GIANNONI,
5:00 pm Adjourn
6:00 pm Group
Dinner
Royal Sonesta Hotel
SATURDAY,
DECEMBER 10, 2005:
8:30 am Continental
Breakfast
9:00 am HOYT BLEAKLEY, UC,
KEVIN COWAN,
Inter-American Development Bank
Maturity
Mismatch and Financial Crises: Evidence from Emerging Market Corporations
Discussant: MARK AGUIAR, Federal Reserve Bank of
10:00 am Break
10:30 am PRASANNA GAI, Bank of
PETER KONDOR,
NICHOLAS VAUSE, Bank of
Procyclicality, Collateral Values, and Financial Stability
Discussant: ADRIANO RAMPINI, Northwestern University
11:30 am SÖHNKE BARTRAM,
GREGORY BROWN,
JOHN HUND,
Estimating
Systemic Risk in the International Financial System
Discussant: CRAIG FURFINE, Federal Reserve Bank of
12:30 pm Adjourn
11/29/05