Events
IM-TCD-ND Workshop on:
International Macroeconomics and Capital Flows
Dublin - June 19-20, 2017
Monday 19th June 2017
8:30-8:50 Registration and coffee break
8:50-9:00 Welcome by Agustín Bénétrix and César Sosa-Padilla
International Banking
Chair: Agustín Bénétrix (Trinity College Dublin, IM-TCD)
9:00-10:00
“International Expansion and Riskiness of Banks,” by Ester Faia (Goethe University Frankfurt), Gianmarco Ottaviano (LSE) and Irene Sanchez Arjona (Catholic University, Milan)
Discussant: Mary Everett (Central Bank of Ireland)
10:00-11:00
“U.S. Monetary Policy and Fluctuations of International Bank Lending,” by Stefan Avdjiev (BIS) and Galina Hale (San Francisco Fed)
Discussant: Livio Stracca (European Central Bank)
11:00-11:30 Coffee break
Sovereign Debt
Chair: César Sosa-Padilla (University of Notre Dame)
11:30-12:30
“Optimal Austerity,” by Juan Carlos Conesa (Stony Brook), Timothy J. Kehoe (Minnesota and MN Fed) and Kim J. Ruhl (Penn State)
Discussant: Amanda Michaud (Indiana)
12:30-14:00 Lunch (Science Gallery)
14:00-15:00
“Non-Exclusivity Externality in Sovereign Bond Markets,” by Roberto Pancrazi (Warwick) and Luca Zavalloni (Warwick)
Discussant: Leonardo Martinez (IMF)
15:00-16:00
“Sovereign Cocos and the Reprofiling of Debt Payments,” by Juan Carlos Hatchondo (Indiana), Yasin Kursat Onder (Central Bank of Turkey), Leonardo Martinez (IMF) and Francisco Roch (IMF)
Discussant: Sewon Hur (Pittsburg)
16:30-17:00 Coffee break
17:00-18:00
Keynote (Swift Theatre, room 2041A) - Michael Devereux
(UBC) “Monetary and Exchange Rate Policy with Endogenous Financial Constraints”
19:00-21:00 Dinner (by invitation only)
Tuesday 20th June 2017
8:00-8:30 Coffee break
International Macro and Capital flows
Chair: Patrick Honohan (Trinity College Dublin, IM-TCD)
8:30-9:30
“Can Sticky Quantities Explain Exchange Rate Disconnect?,” by Doireann Fitzgerald (MN Fed), Yaniv Yedid-Levi (UBC) and Stefanie Haller (UCD)
Discussant: Michael Devereux (UBC)
9:30-10:30
“Downward Wage Rigidity and Wage Restraint,” by Martin Wolf (Bonn)
Discussant: Gabriel Fagan (Central Bank of Ireland)
10:30-11:00 Coffee break
11:00-12:00
"Fiscal Policy, Sovereign Risk, and Unemployment," Javier Bianchi (MN Fed), Pablo Ottonello (University of Michigan) and Ignacio Presno (Federal Reserve Board)
Discussant: Axelle Ferriere (EUI)
12:00-13:00
“Portfolio Inflows Trumping Banking Inflows: Alternative Facts?,” by Eugenio Cerutti (IMF) and Gee Hee Hong (IMF)
Discussant: Rhiannon Sowerbutts (Bank of England)
13:00-13:10 Closing remarks