Cosponsored by the Federal Reserve Bank of Atlanta and New York University's Stern School of Business
Friday, December 6
Session: Trade I
9:00 a.m. "Dynamics of Firms and Trade in General Equilibrium" PDF icon
Robert Dekle, Hyeok Jeong, and Nobuhiro Kiyotaki

Presenter: Nobuhiro Kiyotaki, Princeton University
Discussant: Joel Rodrigue, Vanderbilt University
9:50 "Policy Uncertainty, Trade and Welfare: Theory and Evidence for China" PDF icon
Kyle Handley and Nuno Limao

Presenter: Kyle Handley, University of Michigan
Discussant: Robert Dekle, University of Southern California
10:40 Break
Session: Exchange Rate I
11:00 "International Trade Price Stickiness and Exchange Rate Pass-Through in Micro Data: A Case Study on U.S.-China Trade" PDF icon
Mina Kim, Deokwoo Nam, Jian Wang, and Jason Wu

Presenter: Jian Wang, Federal Reserve Bank of Dallas
Discussant: Robert Vigfusson, Federal Reserve Board
11:50 "Common Euro-Area Bonds in a Model of Equilibrium Sovereign Risk"
Juan Carlos Hatchondo, Leonardo Martinez, and Yasin Kursat Onder

Presenter: Leonardo Martinez, International Monetary Fund
Discussant: Pablo Guerron-Quintana, Federal Reserve Bank of Philadelphia
12:45 p.m. Lunch
Session: Exchange Rate II
1:50 "Prudential Policy for Peggers" PDF icon
Stephanie Schmitt-Grohe and Martin Uribe

Presenter: Martin Uribe, Columbia University [Presentation] PDF icon
Discussant: Chris Otrok, University of Missouri
2:40 "Credibility and Monetary Unions" PDF icon
V.V. Chari, Alessandro Dovis, and Patrick Kehoe

Presenter: Alessandro Dovis, Pennsylvania State University and Princeton University
Discussant: Emmanuel Farhi, Harvard University
3:30 Break
Session: Banking
3:50 "Banking Globalization, Transmission, and Monetary Policy Autonomy" PDF icon
Linda S. Goldberg

Presenter: Linda S. Goldberg, Federal Reserve Bank of New York
Discussant: Pablo D'Erasmo, Federal Reserve Bank of Philadelphia
4:40 "Government Debt and Banking Fragility: The Spreading of Strategic Uncertainty" PDF icon
Russell Cooper and Kalin Nikolov

Presenter: Russell Cooper, Pennsylvania State University
Discussant: Stan Zin, New York University
6:00 Dinner

Saturday, December 7
Session: Trade II
9:00 a.m. "Quality, Trade, and Exchange Rate Pass-Through" PDF icon
Natalie Chen and Luciana Juvenal

Presenter: Luciana Juvenal, International Monetary Fund
Discussant: Ferdinando Monte, Johns Hopkins University
9:50 "Unequal Gains, Prolonged Pain: Dynamic Adjustment Costs and Protectionist Overshooting" PDF icon
Emily Blanchard and Gerald Willmann

Presenter: Emily Blanchard, Dartmouth College
Discussant: Kim J. Ruhl, New York University
10:40 Break
Session: Capital Flows
11:00 "Bad Investments and Missed Opportunities? Capital Flows to Asia and Latin America, 1950–2007" PDF icon
Lee Ohanian, Paulina Restrepo-Echavarria, and Mark L.J. Wright

Presenter: Paulina Restrepo-Echavarria, Ohio State University
Discussant: Michele Cavallo, Federal Reserve Board
11:50 "Global Imbalances and Structural Change in the United States" PDF icon
Timothy J. Kehoe, Kim J. Ruhl, and Joseph B. Steinberg

Presenter: Joseph B. Steinberg, University of Toronto
Discussant: Jing Zhang, Federal Reserve Bank of Chicago
12:40 Adjournment