NATIONAL BUREAU OF ECONOMIC RESEARCH, INC.



SUMMER INSTITUTE 2000



International Finance and Macroeconomics

Marianne Baxter and Michael Dooley, Organizers



Royal Sonesta Hotel

5 Cambridge Parkway

Cambridge, Massachusetts



July 17 - 20, 2000



PRELIMINARY PROGRAM



MONDAY JULY 17:



8:30 AM Coffee and Doughnuts



8:50 AM Welcome: JEFFREY FRANKEL, Harvard University and NBER



9:00 AM GUILLERMO CALVO and CARMEN REINHART,

University of Maryland and NBER

Fear of Floating



Discussant: ENRIQUE MENDOZA, Duke University and NBER



10:20 AM Break



10:40 AM ROBERTO RIGOBON, MIT and NBER

Identification through Heteroskedasticity



Discussant: MICHAEL LORETAN, Federal Reserve Board



12:00 N Lunch and Adjourn



TUESDAY, JULY 18:



8:30 AM Coffee and Doughnuts



9:00 AM MARTIN EVANS, Georgetown University

RICHARD LYONS, UC, Berkeley and NBER

The Price Impact of Currency Trades:

Implications for Intervention



Discussant: MENZIE CHINN, UC, Santa Cruz and NBER



10:20 AM Break



SI00 IFM program

page two



10:40 AM CHARLES ENGEL, University of Washington and NBER

JAMES MORLEY, University of Washington

The Adjustment of Prices and the Adjustment

of the Exchange Rate



Discussant: LINDA GOLDBERG,

Federal Reserve Bank of New York and NBER



12:00 N Lunch and Adjourn





WEDNESDAY, JULY 19:



8:30 AM Coffee and Doughnuts



9:00 AM JON FAUST and JOHN ROGERS, Federal Reserve System

Monetary Policy's Role in Exchange Rate Behavior



Discussant: RICHARD CLARIDA, Columbia University and NBER



10:20 AM Break



10:40 AM AMARTYA LAHIRI , UC, Los Angeles

CARLOS VEGH, UC, Los Angeles and NBER

Output Costs, BOP Crises and Optimal Interest Rate Policy



Discussant: ROBERT FLOOD, International Monetary Fund

12:00 N Lunch and Adjourn



THURSDAY, JULY 20:



8:30 AM Coffee and Doughnuts



9:00 AM JEAN IMBS, London Business School

ROMAIN WACZIARG, Stanford University

Stages of Diversification



Discussant: GIAN MARIA MILESI-FERRETTI,

International Monetary Fund



10:20 AM Break









SI00 IFM program

page three



10:40 AM OLIVIER JEANNE, International Monetary Fund

ANDREW ROSE, UC, Berkeley and NBER

Noise Trading and Exchange Rate Regimes



Discussant: URBAN JERMANN,

University of Pennsylvania and NBER



12:00 N Lunch and Adjourn

6/12/00