NATIONAL BUREAU OF ECONOMIC RESEARCH, INC.

INTERNATIONAL FINANCE AND MACROECONOMICS PROGRAM MEETING

Menzie Chinn and Lars Svensson, Organizers

March 23, 2007

NBER

1050 Massachusetts Avenue

Cambridge, Massachusetts

PROGRAM

THURSDAY, MARCH 22:

6:30 PM Dinner

Dante Restaurant

Royal Sonesta Hotel

5 Edwin H. Land Boulevard

Cambridge, MA

FRIDAY, MARCH 23:

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 LUIS CATAO, IMF

ANA FOSTEL, George Washington University

SANDEEP KAPUR, University of London

Persistent Gaps and Default Traps

Discussant: ROBERTO CHANG, Rutgers University and NBER

10:00 AM Break

10:30 AM MICHAEL B. DEVEREUX, University of British Columbia

ALAN SUTHERLAND, University of St. Andrews

Solving for Country Portfolios in Open Economy Macro Models

CEDRIC TILLE, Federal Reserve Bank of New York

ERIC VAN WINCOOP, University of Virginia and NBER

International Capital Flows

Discussant: PIERPAOLO BENIGNO, Luiss Guido Carli Rome and NBER

Discussant: MARTIN BODENSTEIN, Federal Reserve Board

12:30 PM Lunch

Over, Please!

1:30 PM GITA GOPINATH, Harvard University and NBER

OLEG ITSKHOKI, Harvard University

ROBERTO RIGOBON, MIT and NBER

Pass-through at the Dock: Pricing to Currency and to Market?

Discussant: LINDA GOLDBERG, Federal Reserve Bank of New York and NBER

2:30 PM AKITO MATSUMOTO, IMF

The Role of Nonseparable Utility and Nontradables in International Business Cycle

and Portfolio Choice

Discussant: FABIO GHIRONI, Boston College and NBER

3:30 PM Break

4:00 PM FRANCIS X. DIEBOLD, University of Pennsylvania and NBER

CANLIN LI, University of California, Riverside

VIVIAN Z. YUE, New York University

Global Yield Curve Dynamics and Interactions: A Generalized Nelson-Siegel Approach

Discussant: ALESSANDRO REBUCCI, IMF

5:00 PM Adjourn

3/12/07