NORTHWESTERN UNIVERSITYEconomics · Kellogg
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Conference program

Exchange Rates, Prices and the International Transmission Mechanism

June 2003

Rome, Italy

Co-sponsored with the Banca d’Italia and Università di Roma Tre.

Program

International Risk Sharing and the Transmission of Productivity Shocks

Giancarlo Corsetti (Roma Tre), Luca Dedola (Banca d’Italia), and Sylvain Leduc (Federal Reserve Bank of Philadelphia)

Discussants: Fabrizio Perri (NYU) and Larry Christiano (Northwestern)

Pricing-to-Market Equations and Market Structure

Matteo Bugamelli (Banca d’Italia) and Roberto Tedeschi (Banca d’Italia)

Discussants: Ariel Burstein (UCLA) and Jean Imbs (LBS)

Large Devaluations and the Real Exchange Rate

Ariel Burstein (UCLA), Martin Eichenbaum (Northwestern) and Sergio Rebelo (Northwestern)

Discussants: Mario Crucini (Vanderbilt) and Andrew Levin (Federal Reserve Board)

Why do Consumer Prices React Less Than Import Prices to Exchange Rates?

Philippe Bacchetta (Studienzentrum Gerzensee) and Eric Van Wincoop (Virginia)

Discussants: Michael Devereux (British Columbia) and Cedric Tille (Federal Reserve Bank of New York)

Decomposing the Exchange Rate Disconnect Puzzle

Linda Goldberg (Federal Reserve Bank of New York) and Jose Campa (IESE)

Discussant: Stephanie Schmitt-Grohe (Duke) and Luca Dedola (Banca d’Italia)

What Can We Learn From Micro Studies on the Role of Non-traded Distribution Services in Explaining the Low Exchange Rate Passthrough to Consumer Prices

Pinelopi Goldberg (Yale)

Discussant: Morten Ravn (LBS) and Pierre-Olivier Gourinchas (Princeton University)

On the Relationship Between Pass-Through and Sticky Nominal Prices

Charles Engel (Wisconsin)

Discussant: Paolo Pesenti (Federal Reserve Bank of New York) and V.V. Chari (Minnesota)

Optimal Monetary Policy in a Financial Crisis

Lawrence Christiano (Northwestern), Fabio Braggion (European Central Bank) and Jorge Roldos (IMF)

Discussant: Jaume Ventura (MIT) and Martin Uribe (Duke)

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