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IM-TCD-ND Workshop on:
International Macroeconomics and Capital Flows

Dublin - June 19-20, 2017

 

Monday 19th June 2017

8:30-8:50                 Registration and coffee break

8:50-9:00                 Welcome by Agustín Bénétrix and César Sosa-Padilla

International Banking

Chair: Agustín Bénétrix (Trinity College Dublin, IM-TCD)

9:00-10:00   

“International Expansion and Riskiness of Banks,” by Ester Faia (Goethe University Frankfurt), Gianmarco Ottaviano (LSE) and Irene Sanchez Arjona (Catholic University, Milan)

Discussant: Mary Everett (Central Bank of Ireland)

10:00-11:00           

“U.S. Monetary Policy and Fluctuations of International Bank Lending,” by Stefan Avdjiev (BIS) and Galina Hale (San Francisco Fed)

Discussant: Livio Stracca (European Central Bank)

11:00-11:30                        Coffee break

 

Sovereign Debt

Chair: César Sosa-Padilla (University of Notre Dame)

11:30-12:30           

“Optimal Austerity,” by Juan Carlos Conesa (Stony Brook), Timothy J. Kehoe (Minnesota and MN Fed) and Kim J. Ruhl (Penn State)

Discussant: Amanda Michaud (Indiana)

12:30-14:00                     Lunch (Science Gallery)

14:00-15:00           

“Non-Exclusivity Externality in Sovereign Bond Markets,” by Roberto Pancrazi (Warwick) and Luca Zavalloni (Warwick)

Discussant: Leonardo Martinez (IMF)

15:00-16:00           

“Sovereign Cocos and the Reprofiling of Debt Payments,” by Juan Carlos Hatchondo (Indiana), Yasin Kursat Onder (Central Bank of Turkey), Leonardo Martinez (IMF) and Francisco Roch (IMF)

Discussant: Sewon Hur (Pittsburg)

16:30-17:00                        Coffee break

17:00-18:00           

Keynote (Swift Theatre, room 2041A) - Michael Devereux

(UBC) “Monetary and Exchange Rate Policy with Endogenous Financial Constraints”  

19:00-21:00                        Dinner (by invitation only)

 

Tuesday 20th June 2017

8:00-8:30                 Coffee break

International Macro and Capital flows

Chair: Patrick Honohan (Trinity College Dublin, IM-TCD)

8:30-9:30                

“Can Sticky Quantities Explain Exchange Rate Disconnect?,” by Doireann Fitzgerald (MN Fed), Yaniv Yedid-Levi (UBC) and Stefanie Haller (UCD)

Discussant: Michael Devereux (UBC)

9:30-10:30              

“Downward Wage Rigidity and Wage Restraint,” by Martin Wolf (Bonn)

Discussant: Gabriel Fagan (Central Bank of Ireland)

10:30-11:00                        Coffee break

11:00-12:00           

"Fiscal Policy, Sovereign Risk, and Unemployment," Javier Bianchi (MN Fed), Pablo Ottonello (University of Michigan) and Ignacio Presno (Federal Reserve Board)

Discussant: Axelle Ferriere (EUI)

12:00-13:00           

“Portfolio Inflows Trumping Banking Inflows: Alternative Facts?,” by Eugenio Cerutti (IMF) and Gee Hee Hong (IMF)

Discussant: Rhiannon Sowerbutts (Bank of England)

13:00-13:10                        Closing remarks