Joint CEPR and ECB International Macroeconomics and Finance (IMF) Programme Meeting
Thursday, 14 and Friday, 15 November 2019
ECB Main Building, Conference Area C3.08/09, Frankfurt am Main
The International Macroeconomics and Finance (IMF) Programme is one of the three successors to the International Macroeconomics (IM) Programme, and this meeting is chaired by Philippe Bacchetta (University of Lausanne).
Research in the International Macroeconomics and Finance (IMF) programme covers, but is not limited to:
- international macroeconomics and stabilisation policy
- international financial architecture, including global financial safety nets
- international crisis research
- currency and international financial markets
- exchange rate regimes and currency unions
- other research related to international macroeconomic linkages and policy, including the effects of capital flows and capital controls
Programme
* indicates the presenter
- 9:00
- Registration
-
First session: Information and bubbles in open economies
- 9:30
-
Fast Trading and the Virtue of Entropy: Evidence from the Foreign Exchange Market
Arnaud Mehl*, European Central Bank, joint with Giancarlo Corsetti and Romain Lafarguette
Discussant: Pasquale Della Corte, Imperial College London and CEPR
- 10:30
-
Stationary Rational Bubbles in Non-Linear Open Economy DSGE Models
Robert Kollmann*, Université Libre de Bruxelles and CEPR
Discussant: Julien Bengui, Bank of Canada and CEPR
- 11:30
- Coffee break
- 12:00
-
Keynote talk
The International Transmission of Monetary Policy
Philip Lane, European Central Bank
- 13:00
- Lunch
-
Second session: Capital flows
- 14:00
-
International Capital Flows and Unconventional Monetary Policy
Stephanie Curcuru*, Federal Reserve Board of Governors, jointly authored with Nathan Converse, Aaron Rosenblum and Chiara Scotti
Discussant: Fernando Broner, CREI and CEPR
- 15:00
-
International Financial Flows and Misallocation: Not So Harmful After All
Fadi Hassan*, Banca d’Italia, jointly authored with Federico Cingano
Discussant: Ambrogio Cesa-Bianchi, Bank of England
- 16:00
- Coffee break
-
Third session: Protectionism
- 16:30
-
Capital Controls, Inflows and the Credit Channel
Andrea Fabiani*, Universitat Pompeu Fabra, jointly authored with Martha López Piñeros, José-Luis Peydró and Paul E. Soto
Discussant: Carolina Villegas Sanchez, ESADE and CEPR
- 17:30
-
Self-Harming Trade Policy? Protectionism and Production Networks
Matteo Cacciatore*, HEC - Montréal, joint with Alessandro Barattieri
Discussant: Dennis Novy, University of Warwick and CEPR
- 19:30
- Dinner
-
Forth Session: Financial (dis)integration
- 9:00
-
The Inside Baseball of Sudden Stop Models
Jieran Wu*, Zhejiang University, joint with Bingbing Dong and Eric Young
Discussant: Gianluca Benigno, London School of Economics and CEPR
- 10:00
-
Monetary Union and Financial Integration
Luca Fornaro*, CREI and CEPR
Discussant: Tommaso Monacelli, Bocconi University and CEPR
- 11:00
- Coffee break
-
Fifth Session: Exchange rates
- 11:30
-
The worst of both worlds: Fiscal policy and fixed exchange rates
Benjamin Born*, Frankfurt School of Finance & Management and CEPR, joint with Francesco D’Ascanio, Gernot J. Müller, Johannes Pfeifer
Discussant: Bartosz Maćkowiak, European Central Bank and CEPR
- 12:30
-
Institutional Investors, the Dollar, and US Credit Conditions
Friederike Niepmann*, Board of Governors of the Federal Reserve System and CEPR, jointly authored with Tim Schmidt-Eisenlohr
Discussant: Cedric Tille, Graduate Institute Geneva and CEPR
- 13:30
- Lunch and end of the conference
This programme may be subject to change without notice.
General information
European Central Bank
Conference area C3.08/09, Grossmarkthalle
Main Building
Sonnemannstrasse 20
60314 Frankfurt am Main
+49 69 1344 0
Fax: +49 69 1344 6000
[email protected]
The sessions are structured as follows:
- author of paper: 35 minutes
- discussant: 15 minutes
- questions from the audience: 10 minutes
- Philippe Bacchetta, HEC - Université de Lausanne and CEPR
- Luca Dedola, European Central Bank and CEPR
- Alberto Martin, European Central Bank, CREI and CEPR
- Livio Stracca, European Central Bank