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NATIONAL BUREAU OF ECONOMIC RESEARCH, INC.

International Seminar on Macroeconomics

 

Richard Clarida and Francesco Giavazzi, Organizers

 

Dutch National Bank

Westeinde 1 1017 ZN

Amsterdam, The Netherlands

 

June 18-19, 2010

 

PROGRAM

 

FRIDAY, JUNE 18:

 

8:45 am               Welcome

 

Fiscal Policy

                          

                           Chair:  Jeffrey Frankel

 

9:00 am               Karel Mertens, Cornell University

                           Morten Ravn, University College London

                           Technology - Hours Redux: Tax Changes and the Measurement of Technology Shocks

                          

                           Discussants:

                           Michael McMahon, University of Warwick

                           Tommaso Monacelli, Bocconi University

                          

10:15 am             Coffee Break

 

Global Business Cycles

 

                           Chair:  Francesco Giavazzi

 

10:30 am             S. Boragan Aruoba, University of Maryland

                           Francis Diebold, University of Pennsylvania and NBER

                           M. Ayhan Kose, IMF

                           Marco Terrones, IMF

                           Globalization, the Business Cycle, and Real-Time Macroeconomic Monitoring

                          

                           Discussants:

                           Lucrezia Reichlin, London Business School

                           Kenneth West, University of Wisconsin and NBER

 

Fiscal Policy

 

                           Chair:  Francesco Giavazzi

 

11:45 am             Thomas Laubach, Goethe University Frankfurt

                           Fiscal Policy and Interest Rates: The Role of Sovereign Default Risk

                          

                           Discussants:

                           Carlo Favero, Bocconi University

                           Martin Feldstein, Harvard University and NBER

                          

1:00 pm               Lunch

                          

                           Chair:  Henk Brouwer

 

2:00 pm               Wouter den Haan, University of Amsterdam

                           Matija Lozej, University of Amsterdam

                           Pigou Cycles in Closed and Open Economies with Matching Frictions

                          

                           Discussants:

                           Paul Beaudry, University of British Columbia and NBER

                           Guido Lorenzoni, MIT and NBER

                          

3:15 pm               Coffee Break

                          

Monetary Policy

                          

                           Chair:  Henk Brouwer

 

3:30 pm               Linda Goldberg, Federal Reserve Bank of New York and NBER

                           Michael Klein, Tufts University and NBER

                Examining Evolving Perceptions of the Credibility of a Central Bank:  The European Central Bank Experience

                          

                           Discussants:

                           Richard Clarida, Columbia University and NBER

                           Veronica Guerrieri, University of Chicago and NBER

                          

4:45 pm               Adjourn

                          

6:00 pm               Boat tour around the Amsterdam canals

                          

7:00 pm               Dinner at Restaurant Christophe

                          

                          

SATURDAY, JUNE 19:

 

Monetary Policy

                          

                           Chair:  Richard Clarida

 

9:00 am               Stijn Claessens, IMF

                           M. Ayhan Kose, IMF

                           Marco Terrones, IMF

                           Financial Cycles: What? How? When?

                          

                           Discussants:

                           Stephen Cecchetti, Bank for International Settlements and NBER

                           Jeffrey Frankel, Harvard University and NBER

                          

10:15 am             Coffee Break

                          

Financial Crises

                          

                           Chair:  Richard Clarida

 

10:30 am             Christopher Erceg, Federal Reserve Board

                           Jesper Linde, Federal Reserve Board

                           Asymmetric Shocks in a Currency Union with Monetary and Fiscal Handcuffs

                          

                           Discussants:

                           Bianca De Paoli, Bank of England

                           Hans-Helmut Kotz, Deutsche Bundesbank

                          

11:45 am             Travis Berge, UC, Davis

                           Oscar Jorda, UC, Davis

                           Alan Taylor, UC, Davis and NBER

                           Currency Carry Trades

                          

                           Discussants:

                           Robert Cumby, Georgetown University and NBER

                           Mark Taylor, University of Warwick

                          

1:00 pm               Lunch and Adjourn

                          

                          

Guided tour – Historic walk through Amsterdam

Dinner at Ship Chandlers Warehouse

                          

                          

                          

                          

                          

                          

                          

                          

                          

                          

                          

6/11/10