Universidad Torcuato Di Tella

IEF Workshop

2007, Buenos Aires. IX Workshop in International Economics and Finance

The IX Workshop in International Economics and Finance took place in Buenos Aires on March 16-19, 2007.

Friday, March 16, 2007

9:00-9:30 Welcoming Remarks
Juan Pablo Nicolini (UTDT)
Rodrigo Valdés (Banco Central de Chile)
Andrés Velasco (Minister of Finance, Chile) 
Session I: Chair: Oscar Landerretche
9:30-11:00 “Persistent Appreciations and Overshooting: A NormativeAnalysis”
Ricardo Caballero (MIT) and Guido Lorenzoni (MIT)
Discussant: Klaus Schmidt-Hebbel  (Banco Central de Chile)

11:00-11:30 Coffee break
Session II: Chair: Oscar Landerretche
11:30-13:00 “Interest Rate Rules, Inflation Stabilization andImperfect Credibility: The Small OpenEconomyCase"
Guillermo Calvo (Columbia University)
Discussant: José De Gregorio  (Banco Central de Chile)

13:00-15:30 Lunch
Session III:  Chair:  Pablo García
15:30-17:00 “NeoclassicalMiracles"
Rody Manuelli (University of Wisconsin)
Discussant: Diego Restuccia (University of Toronto)
17:00-17:30 Coffee break.
Session IV: Chair:  Pablo García
17:30-19:00 “Comparative Advantage, Demand forExternal Finance, and FinancialDevelopment"
Quy-Toan Do (World Bank) and Andrei Levchenko (IMF)
Discussant: Juan Carlos Hallak (University of Michigan)
Saturday, March 17, 2007
Session V:  Chair:  Diego Saravia

9:30-11:00 “Sovereign Risk and Secondary Markets”
Fernando Broner (Universitat Pompeu Fabra), Alberto Martin (CREI and UPF), and Jaime Ventura (CREI and UPF)
Discussant: Willie Fuchs (University of Chicago)
11:00-11:30 Coffee break.
Session VI: Chair:  Diego Saravia
11:30-13:00 “Electoral Uncertainty and the Volatility ofInternational Capital Flows”
Roberto Chang (Rutgers University)
Discussant: Tito Cordella (World Bank)

13:00-15:30 Lunch

Session VII:  Chair:  Luis Felipe Céspedes
15:30-17:00 “Credit Constraints, Firm Dynamics and the Transmission of External Financial Shocks”
Carlos Urrutia (ITAM) and Sageenta Patrap (Hunter College & Graduate Center, CUNY)
Discussant: Kevin Cowan (Banco Central de Chile)
17:00-17:30 Coffee break.
Session VIII: Chair: Luis Felipe Céspedes
17:30-19:00 "Confidence Crises, Credibility andTheInflationTarget Level"
Aloisio Araujo (Getulio Vargas and Instituto de Matematica Pura e Aplicada) and Rafael Santos (Banco Central Do Brasil) 
Discussant: Manuel Amador (Stanford University)
Monday, March 19, 2007
Session IX: Chair: Juan Pablo Nicolini
9:00-10:30 "TheConquest of South American Inflation"
Thomas Sargent (NYU), Noah Williams (Princeton University) and Tao Zha (Federal Reserve Bank of Atlanta)
Discussant:  Martin Uribe (Duke University)
10:30-11:00 Coffee break

Policy Discussion and Book Presentation

11:00-12:30  “Macroeconomic Policies in Emerging Economies”
Chair: Andrés Neumeyer (UTDT)
Panel: Guillermo Perry (The World Bank)
Mario Marcel (CIEPLAN)
Guillermo Calvo (Columbia University)
Vittorio Corbo (Central Bank of Chile)
12:30-13:15  Central Bank of Chile book presentation: “Monetary Policy under Inflation Targeting”
Edited by Frederic S. Mishkin (Columbia University) and Klaus Schmidt-Hebbel (Central Bank of Chile)

Chair: Vittorio Corbo (Governor, Central Bank of Chile)
Presentation: Carlos Massad (Former Governor, Central Bank of Chile)
Venue: Patio Inglés, Central Bank of Chile 

13.15-14:00 Final Cocktail
Venue: Patio Inglés, Central Bank of Chile