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

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