NATIONAL BUREAU OF ECONOMIC RESEARCH, INC.
International Seminar on Macroeconomics
Christopher Pissarides and Jeffrey Frankel, 2005 Program Organizers
Jeffrey Frankel and Francesco Giavazzi, ISOM Co-Chairs
June 17-18, 2005
Magyar Nemzeti Bank
V Building
1054 Budapest
Vadasz utca 16
Budapest, Hungary
PROGRAM
FRIDAY, JUNE 17:
9:00 AM Welcome
9:15 AM TITO BOERI and PIETRO GARIBALDI, Bocconi University
Discussants: ROBERT HALL, Stanford University and NBER
CHRISTOPHER PISSARIDES, London School of Economics
10:30 AM Break
10:45 AM YANN ALGAN, Universite Marne la Vallee
PIERRE CAHUC, Universite Paris 1
The Roots of Low European Employment: Family Culture?
Discussants: TITO BOERI, Bocconi University
ALESSANDRA FOGLI, New York University
12:00 PM Lunch
1:30 PM MARIANNE BAXTER and ROBERT KING, Boston University and NBER
Fiscal Externalities and Optimal Taxation in an Economic Community
Discussants: PIERPAOLO BENIGNO, New York University and NBER
FRANCESCO GIAVAZZI, Bocconi University and NBER
2:45 PM Break
3:00 PM BALÁZS VILÁGI, Magyar Nemzeti Bank
Dual Inflation and the Real Exchange Rate in New Open Economy Macroeconomics
Discussants: RICHARD CLARIDA, Columbia University and NBER
REFET GURKAYNAK, Federal Reserve Board
4:15 PM Break
4:30 PM PRAKASH LOUNGANI, IMF
ASSAF RAZIN, Tel Aviv University and NBER
Globalization and Disinflation: The Efficiency Channel
Discussants: ROBERT KING, Boston University and NBER
KENNETH WEST, University of Wisconsin and NBER
5:45 PM Adjourn
7:30 PM Group Dinner
Magyar Nemzeti Bank, Main Building
1054 Budapest, Szabadsag ter 8-9
SATURDAY, JUNE 18:
9:00 AM REFET GURKAYNAK, Federal Reserve Board
JUSTIN WOLFERS, University of Pennsylvania and NBER
Discussants: CHRISTOPHER CARROLL, Johns Hopkins University and NBER
ADAM SZEIDL, UC, Berkeley
10:15 AM Break
10:30 AM ZSOLT DARVAS and GYORGY SZAPARY, Magyar Nemzeti Bank
ANDREW ROSE, UC, Berkeley and NBER
Fiscal Divergence and Business Cycle Synchronization: Irresponsibility is Idiosyncratic
Discussants: ROBERTO RIGOBON, MIT and NBER
LUCREZIA REICHLIN, European Central Bank
11:45 AM Lunch
1:15 PM LINDA GOLDBERG, Federal Reserve Bank of New York and NBER
Trade Invoicing in the Accession Countries: Are They Suited to the Euro?
Discussants: CHARLES ENGEL, University of Wisconsin and NBER
RICHARD PORTES, London Business School and NBER
2:30 PM Adjourn
7:00 PM Informal Dinner Cruise on the Danube
6/24/05