10:00–11:15
On the Sources of Aggregate Fluctuations in Emerging Economies
Andrés Fernández (Universidad de los Andes/Rutgers University)
Discussant: Martin Uribe (Columbia University)
Conference program
XI Workshop in International Economics
Co-sponsored with the Central Bank of Uruguay.
Thursday, March 12, 2009
11:15–12:30
Money, Credit and Default
Sandra-Lizarazo (ITAM)
Discussant: Martin Uribe (Columbia University)
14:15–15:45
Facts and Myths about the Financial Crisis of 2008
Lawrence Christiano (Northwestern University and the Federal Reserve Bank of Minneapolis)
V.V. Chari (University of Minnesota and Federal Reserve Bank of Minneapolis)
Patrick J. Kehoe (Federal Reserve Bank of Minneapolis, University of Minnesota, and NBER)
Discussant: Simon Potter (Federal Reserve Bank of New York)
16:15–17:15
Panel on Rethinking Financial Regulation and Monetary Policy
Regulatory Reform: Integrating Paradigms
Augusto de la Torre (The World Bank)
The Simple Macroeconomics of Liquidity Swings and Crashes, A Toxic Stimulus Package
Guillermo Calvo (Columbia University)
Friday, March 13, 2009
09:30–10:45
Rethinking the effects of financial liberalization
Fernando Broner (Pompeu Fabra) and Jaume Ventura (Pompeu Fabra)
Discussant: Fernando Alvarez (University of Chicago)
11:15–12:30
Institutions and Foreign Finance: Sovereign and Privat Flows
Alberto Martin (Pompeu Fabra and CREI, CEPR) Nicola Gennaioli (Pompeu Fabra and CREI) Stefano Rossi (Stockholm School of Economics)
Discussant: Eduardo Fernandez Arias (IADB)
13:45–15:00
Default and the Maturity Structure in Sovereign Bonds
Ananth Ramanarayanan (Federal Reserve Bank of Dallas) Cristina Arellano (University of Minnesota and Federal Reserve Bank of Minneapolis)
Discussant: Hugo Hopenhayn (UCLA)
15:30–16:45
Risk Matters: The Real Effects of Volatility Shocks
Pablo Guerrón-Quintana (North Carolina State University) Martín Uribe (Columbia University), Jesús Fernández-Villaverde (University of Pennsylvania, NBER, and CEPR) and Juan F. Rubio-Ramírez (Duke University and Federal Reserve Bank of Atlanta)
Discussant: Marco Bonomo (EPGE, Getulio Vargas Foundation)
17:00–18:15
The Role of Multinational Production in a Risky Environment
Veronica Rappoport (Columbia Business School) Natalia Ramondo (University of Texas-Austin)
Discussant: Alex Monge (Penn State University)
Saturday, March 14, 2009
09:30–10:45
Price Setting in a Variable Macroeconomic Environment: Evidence from Brazilian CPI
Rebecca Barros (IBRE, Getulio Vargas Foundation) Silvia Matos (IBRE, Getulio Vargas Foundation), Marco Bonomo (EPGE, Getulio Vargas Foundation), Carlos Carvalho (Federal Reserve Bank of New York)
Discussant: Paul Castillo (Central Bank of Peru)
11:15–12:30
Productivity Growth and Capital Outflow: The Case of a Small Opening Economy
Yongseok Shin (Washington University in St. Louis and University of Wisconsin-Madison), Paco Buera (UCLA)
Discussant: Guido Sandleris (UTDT)
13:45–15:00
Systemic Risk-Taking and the US Financial Crisis
Romain Rancière (IMF, PSE and CEPR) Aaron Tornell (UCLA and NBER)
Discussant: Tito Cordella (The World Bank)
15:30–16:45
International Trade and Aggregate Fluctuations in Granular Economies
Andrei A. Levchenko (University of Michigan and IMF) Julian di Giovanni (IMF)
Discussant: Constantino Hevia (The World Bank)