Universidad Torcuato Di Tella

Program

The workshop took place at Universidad Torcuato di Tella’s new campus. Saenz Valiente 1010, Buenos Aires.

In each session authors had 60 minutes, discussants 20 minutes and there was 10 minutes for general discussions.

Friday, December 2

14.30 - 16.00
Sudden Stops, Sectoral Reallocations, and the Real Exchange Rate
Kim Ruhl (University of Texas, Austin) and Timothy J. Kehoe (University of Minnesota)
Discussant: Marcelo Veracierto (Federal Reserve Bank of Chicago)

16.00 – 17.30
Phoenix Miracles Recovering From Systemic Financial Crises In Emerging Markets
Alejandro Izquierdo (IADB), Guillermo A. Calvo (IADB), and Ernesto Talvi (CERS).
Discussants: Andrés Neumeyer (UTDT)

Saturday, December 3

9.30 – 11.00
Sovereign Default and Debt Renegotiation
Vivian Zhanwei Yue (New York University)
Discussant: Kenneth Kletzer (University of California, Santa Cruz)

11.30 – 13.00
Competition for Default
Quid Pro Quo: Sudden Stops and Commitment
Eduardo Cavallo (Harvard University, KSG) and Andrés Velasco (Harvard University, KSG)
Discussant: Andrew Powell (UTDT and IADB)

15.30 – 17.00
Optimal Fiscal Policy and Amplification in a Small Open Economy
Manuel Amador (Harvard University), Mark Aguiar (Federal Reserve Bank of Boston) and Gita Gopinath (Harvard University)
Discussants: William Fuchs (University of Chicago)

Sunday, December 4

9.30 – 11.00
Size, Geography, and Foreign Direct Investment
Natalia Ramondo (University of Chicago)
Discussant: Hugo Hopenhayn (UCLA)

11.30 – 13.00
Is it is or is it Ain't my Obligation? Regional Debt in a Fiscal Federation
Russell Cooper, (University of Texas, Austin)  Hubert Kempf (Université de Paris I, Pantheon-Sorbonne) and Dan Peled (University of Haifa)
Discussant: Sebastian Ludmer (University of Chicago)

14.30 – 16.00
Macroeconomic Risk and Banking Crises in Emerging Market Countries: Business Fluctuations with Financial Crashes
Marcelo Oviedo (Iowa State University)
Discussant: Fernando Alvarez (University of Chicago)

Monday, December 5

On Monday we had a traditional Argentine barbeque.