NBER Annual International Seminar on Macroeconomics (ISoM)

Programme

 

Friday, 18 June 2010

Fiscal Policy

Chair:  Jeffrey Frankel

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)

Global Business Cycles

Chair:  Francesco Giavazzi

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

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)
 
Chair:  Henk Brouwer

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) 

Monetary Policy

Chair:  Henk Brouwer

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)
 
Saturday, 19 June 2010

Monetary Policy

Chair:  Richard Clarida

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)
 

Financial Crises

Chair:  Richard Clarida

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)
 
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)