XIII Workshop in International Economics and Finance, Lima, 2011
Monday 16 (Universidad del Pacífico)
14:00 – 14:30 Registration
14:30 – 14:45 Opening Remarks
Julio Velarde (President, Central Bank of Peru)
Felipe Portocarrero (President, Universidad del Pacífico)
Andrés Neumeyer (Universidad Torcuato Di Tella)
14:45 – 16:30 Policy Session 1: High commodity prices, capital inflows to emerging markets and policy challenges: a view from the trenches
Julio Velarde (Central Bank of Peru)
Mario Bergara (Central Bank of Uruguay)
Augusto De la Torre (World Bank)
Chair: Mercedes Araoz (Universidad del Pacífico)
16:30 – 16:45 Coffee Break
16:45 – 18:30 Policy Session 2: High commodity prices, banking and capital flows regulation in emerging markets
Michael Dooley (University of California Santa Cruz)
Guillermo Calvo (Columbia University)
Andrew Powell (Inter-American Development Bank)
Chair: Renzo Rossini (Central Bank of Peru)
18:30 – 20:00 Welcome cocktail
Tuesday 17 (Hotel Novotel)
Morning Chair: Adrian Armas (Central Bank of Peru)
10:00 – 11:10 Andres Neumeyer (Universidad Torcuato Di Tella)
Co-author: Fernando Alvarez (University of Chicago), Martin Gonzalez Rozada (Universidad Torcuato Di Tella) and Martin Beraja (Universidad Torcuato Di Tella)
From Hyperinflation to Stable Prices: Argentina's evidence on menu cost models
Discussant: Manuel Amador (Stanford University)
11:10 – 11:30 Coffee Break
11:30 – 12:40 Martin Uribe (Columbia University and National Bureau of Economic Research)
Co-author: Stephanie Schmitt-Grohe (Columbia University, Centre for Economic Policy Research, and National Bureau of Economic Research)
Discussant: Juan Pablo Nicolini (Federal Reserve Bank of Minneapolis and Universidad Torcuato Di Tella)
12:40 – 14:40 Lunch
Afternoon Chair: Eduardo Morón (Universidad del Pacífico)
14:40 – 15:50 Paul Castillo (Central Bank of Peru)
Co-author: Carlos Montoro (Bank for International Settlements)
Monetary Policy in the Presence of Informal Labour Markets
Discussant: Hernan Ruffo (Centro de Estudios Monetarios y Financieros and Universidad Torcuato Di Tella)
15:50 – 16:10 Coffee Break
16:10 – 17:20 Pablo D’Erasmo (University of Maryland)
Co-author: Hernan Moscoso Boedo (University of Virginia) and Asli Senkal (University of Virginia)
Misallocation, Informality and Human Capital
Discussant: Hugo Hopenhayn (University of California-Los Angeles and National Bureau of Economic Research)
17:20 – 18:30 Stefano Giglio (Harvard University)
Credit Default Swap Spreads and systemic Financial Risk
Discussant: Andrés Fernández Martín (Universidad de los Andes)
20:00 – 23:00 Dinner
Wednesday 18 (Hotel Novotel)
Morning Chair: Tito Cordella (World Bank)
9:00 – 10:10 Gita Gopinath (Harvard University and National Bureau of Economic Research)
Co-author: Brent Neiman (University of Chicago and National Bureau of Economic Research)
Trade Adjustment and Productivity in Large Crises
Discussant: Guido Sandleris (Universidad Torcuato Di Tella)
10:10 – 10:30 Coffee Break
10:30 – 11:40 Saki Bigio (New York University)
Discussant: Alberto Martin (Centre de Recerca en Economia Internacional, Universitat Pompeu Fabra and Centre for Economic Policy Research)
11:40 – 12:50 Filippo Taddei (Collegio Carlo Alberto)
Co-author: Alberto Martin (Centre de Recerca en Economia Internacional, Universitat Pompeu Fabra and Centre for Economic Policy Research)
International Capital Flows and Credit Market Imperfections a Tale of Two Frictions
Discussant: Varadarajan V.Chari (University of Minnesota)
12:50 – 14:50 Lunch
Afternoon Chair: Juan Pablo Nicolini (Federal Reserve Bank of Minneapolis and Universidad Torcuato Di Tella)
14:50 – 15:30 Aitor Erce (Bank of Spain)
Co-author: Fernando Broner (Universitat Pompeu Fabra, Centre for Economic Policy Research and Centre de Recerca en Economia Internacional), Tatiana Didier (World Bank) and Sergio Schmukler (World Bank).
Gross Capital Flows: Dynamics and Crises
Discussant: Andrew Powell (Inter-American Development Bank)
15:30 – 16:10 Juan Cruces (Universidad Torcuato Di Tella)
Co-author: Christoph Trebesch
Sovereign Defaults: The Price of Haircuts
Discussant: Eduardo Fernandez-Arias (Inter-American Development Bank)
16:10 – 16:30 Coffee Break
16:30 – 17:10 Neeltje Van Horen (De Nederlandsche Bank)
Co-author: Ralph De Haas (European Bank for Reconstruction and Development)
Running for the Exit: International Banks and Crisis Transmission
Discussant: Tito Cordella (World Bank)
