NATIONAL BUREAU OF ECONOMIC RESEARCH, INC.



INTERNATIONAL FINANCE AND MACROECONOMICS PROGRAM MEETING



Menzie Chinn and Andres Velasco, Organizers



March 18, 2005



NBER

2nd Floor Conference Room

1050 Massachusetts Avenue

Cambridge, Massachusetts



PRELIMINARY PROGRAM



THURSDAY, MARCH 17:

6:30 PM Dinner

Davio's Restaurant

5 Cambridge Parkway

Cambridge, MA



FRIDAY, MARCH 18:



8:00 AM Shuttle Van Departs Royal Sonesta Hotel for 1050 Mass. Avenue.



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



8:30 AM Continental Breakfast



9:00 AM LINDA S. GOLDBERG, Federal Reserve Bank of New York and NBER

MICHAEL KLEIN, Tufts University and NBER

Establishing Credibility: Evolving Perceptions of the European Central Bank

Discussant: JOHN H. ROGERS, Federal Reserve Board

10:00 AM Break



10:30 AM ANNA PAVLOVA, MIT

ROBERTO RIGOBON, MIT and NBER

Flight to Quality, Contagion, and Portfolio Constraints

Discussant: GITA GOPINATH, University of Chicago and NBER



11:30 AM ROSS LEVINE, University of Minnesota and NBER

SERGIO SCHMUKLER, World Bank

Internationalization and the Evolution of Corporate Valuation

Discussant: ANUSHA CHARI, University of Michigan

12:30 PM Lunch







Over, Please!



1:30 PM CEDRIC TILLE, Federal Reserve Bank of New York

Financial Integration and the Wealth Effect of Exchange Rate Fluctuations



Discussant: PIERRE-OLIVIER GOURINCHAS, UC, Berkeley and NBER



2:30 PM DOIREANN FITZGERALD, UC, Santa Cruz

A Gravity View of Exchange Rate Disconnect



Discussant: NELSON MARK, University of Notre Dame and NBER



3:30 PM Break



4:00 PM GIANCARLO CORSETTI, European University

PHILIPPE MARTIN, University of Paris-1 Pantheon Sorbonne

PAOLO PESENTI, Federal Reserve Bank of New York and NBER

Productivity Spillovers, Terms of Trade and the Home Market Effect



Discussant: MARK MELITZ, Harvard University and NBER

5:00 PM Adjourn



3/9/05