About us

25th edition of the CEPR European Summer Symposium in International Macroeconomics (ESSIM)

2326 May 2017
Banco de España, Madrid
Conferences

Information

On 23-26 May 2017, the Banco de España hosted the twenty-fifth edition of the European Summer Symposium in International Macroeconomics (ESSIM) in Roda de Bará, Tarragona.

The conference, jointly organized with the CEPR, brought together top macroeconomists from across Europe and key researchers from outside the region.

The conference covered the CEPR programme areas of Monetary Economics and Fluctuations, International Money and Finance, and Macroeconomics and Growth.

This event is especially intended as an opportunity for young researchers to meet and collaborate with senior economists.

More information

Presentations

23 May 2017
 
14.00 - 14.30
Registration and Coffee
MEF Monetary Economics and Fluctuations
14.30 - 15.20
Fiscal consolidation and firm investment: Evidence from the German manufacturing industry.

*Silvia Albrizio (Banco de España)
Stefan Lamp (Toulouse School of Economics)
Presentation

Discussant:
Dmitriy Sergeyev (Bocconi University and CEPR)
Dmitriy Sergeyev. Presentation File PDF: Opens in a new window (241 KB)

15.20 - 16.10

*David Rezza Baqaee (London School of Economics)
Emmanuel Farhi (Harvard University and CEPR)
David Rezza Baqaee. Presentation File PDF: Opens in a new window (232 KB)

Discussant:
Basile Grassi (University of Oxford)
Basile Grassi. Presentation File PDF: Opens in a new window (239 KB)

16.10 - 16.40
Coffee break
16.40 - 17.30

*Riccardo Trezzi (Federal Reserve Board)
Giancarlo Corsetti (University of Cambridge and CEPR) and Luca Dedola (European Central Bank and CEPR)
Riccardo Trezzi. Presentation File PDF: Opens in a new window (817 KB)

Discussant:
Omar Rachedi (Banco de España)
Omar Rachedi. Presentation File PDF: Opens in a new window (144 KB)

17.30 - 18.20

*Fiorella De Fiore (European Central Bank and CEPR)
Marie Hoerova (European Central Bank and CEPR) and Harald Uhlig (University of Chicago and CEPR)
Fiorella De Fiore. Presentation File PDF: Opens in a new window (377 KB)

Discussant:
Farzad Saidi (Stockholm School of Economics and CEPR)
Farzad Saidi. Presentation File PDF: Opens in a new window (353 KB)

18.20 - 18.30
Coffee break
18.30 - 19.20

*Jordi Galí (CREI and CEPR)
Jordi Galí. Presentation File PDF: Opens in a new window (783 KB)

Discussant:
Marc Giannoni (Federal Reserve Bank of New York and CEPR)
Marc Giannoni. Presentation File PDF: Opens in a new window (265 KB)

24 May 2017
MEF Monetary Economics and Fluctuations (cont.)
09.00 - 09.50

*Pascal Michaillat (Brown University and CEPR)
Erik Eyster and Kristóf Madarász (both London School of Economics and CEPR)
Pascal Michaillat. Presentation File PDF: Opens in a new window (371 KB)

Discussant:
Stéphane Dupraz (Columbia University)
Stéphane Dupraz. Presentation File PDF: Opens in a new window (284 KB)

09.50 - 10.40

*Raphael Schoenle (Brandeis University)
Ernesto Pasten (Central Bank of Chile and Toulouse School of Economics) and Michael Weber (Booth School of Business, University of Chicago)
Raphael Schoenle. Presentation File PDF: Opens in a new window (268 KB)

Discussant:
Glenn Magerman (ECARES, Université libre de Bruxelles)
Glenn Magerman. Presentation File PDF: Opens in a new window (3 MB)

10.40 - 11.10
Coffee break
11.00 - 12.00

*Jae Sim (Federal Reserve Board)
Isabel Cairó (Federal Reserve Board)
Jae Sim. Presentation File PDF: Opens in a new window (463 KB)

Discussant:
Ralph Luetticke (University College London)
Ralph Luetticke. Presentation File PDF: Opens in a new window (403 KB)

Plenary Sessions
15.30 - 16.30

*Ramon Marimon (European University Institute and CEPR)
Arpad Abraham (European University Institute), Eva Carceles-Poveda (SUNY at Stony Brook) and Yan Liu (Wuhan University)
Ramon Marimon. Presentation File PDF: Opens in a new window (1 MB)

Discussant:
James Costain (Banco de España)
James Costain. Presentation File PDF: Opens in a new window (181 KB)

16.30 - 17.30

*Ester Faia (Goethe University Frankfurt and CEPR)
Giuliano Curatola (Goethe University Frankfurt)
Ester Faia. Presentation File PDF: Opens in a new window (273 KB)

Discussant:
Eduardo Dávila (New York University)
Eduardo Dávila. Presentation File PDF: Opens in a new window (274 KB)

17.30 - 18.00
Coffee break
18.00 - 19.00

*Luigi Pascali (Universitat Pompeu Fabra, University of Warwick and CEPR)
Joram Mayshar (Hebrew University of Jerusalem), Omer Moav (University of Warwick and CEPR) and Zvika Neeman (Tel-Aviv University)
Luigi Pascali. Presentation File PDF: Opens in a new window (11 MB)

Discussant:
Sascha O. Becker (University of Warwick and CEPR)
Sascha O. Becker. Presentation File PDF: Opens in a new window (826 KB)

19.00 - 20.30
Dinner
20.30 - 21.30

*Andrei A. Levchenko (University of Michigan)
Nitya Pandalai-Nayar (University of Michigan)
Andrei A. Levchenko. Presentation File PDF: Opens in a new window (530 KB)

Discussant:
Kenza Benhima (Université de Lausanne and CEPR)
Kenza Benhima. Presentation File PDF: Opens in a new window (315 KB)

21.30 - 22.30

*Giovanni L. Violante (New York University and CEPR)
Greg Kaplan (University of Chicago) and Kurt Mitman (IIES Stockholm and CEPR)
Giovanni L. Violante. Presentation File PDF: Opens in a new window (163 KB)

Discussant:
James Cloyne (University of California, Davis and CEPR)
James Cloyne. Presentation File PDF: Opens in a new window (239 KB)

25 May 2017
Plenary Sessions
09.00 - 10.00
A Model of the International Monetary System

*Emmanuel Farhi (Harvard University and CEPR)
Matteo Maggiori (Harvard University and CEPR)
Emmanuel Farhi. Presentation File PDF: Opens in a new window (1 MB)

Discussant:
Fernando A. Broner (CREI and CEPR)
Fernando A. Broner. Presentation File PDF: Opens in a new window (454 KB)

10.00 - 11.00

*Akos Valentinyi (University of Manchester and CEPR)
Georg Duernecker (University of Mannheim and CEPR) and Berthold Herrendorf (Arizona State University)
Akos Valentinyi. Presentation File PDF: Opens in a new window (485 KB)

Discussant:
Zsofia Barany (Sciences Po, Paris)
Zsofia Barany. Presentation File PDF: Opens in a new window (102 KB)

11.00 - 11.30
Coffee break
11.30 - 12.30

*Thomas Philippon (New York University and CEPR)
Callum Jones (New York University)
Thomas Philippon. Presentation File PDF: Opens in a new window (363 KB)

Discussant:
Gregory Thwaites (Bank of England)
Gregory Thwaites. Presentation File PDF: Opens in a new window (697 KB)

12.30 - 13.30

*Chang-Tai Hsieh (Booth School of Business, University of Chicago and CEPR)
Daniel Garcia-Macia (IMF) and Peter J. Klenow (Stanford University)
Chang-Tai Hsieh. Presentation File PDF: Opens in a new window (391 KB)

Discussant:
Jaume Ventura (CREI and CEPR)
Jaume Ventura. Presentation File PDF: Opens in a new window (351 KB)

Parallel Sessions International Macroeconomics and Finance (IMF)
15.30 - 16.20

*Luca Fornaro (CREI and CEPR)
Federica Romei (Stockholm School of Economics and CEPR)
Luca Fornaro Presentation File PDF: Opens in a new window (336 KB)

Discussant:
Dennis Novy (University of Warwick and CEPR)
Dennis Novy Presentation File PDF: Opens in a new window (123 KB)

16.20 - 17.10

*Sophie Piton (CEPII, France and Paris School of Economics)
Sophie Piton. Presentation File PDF: Opens in a new window (1 MB)

Discussant:
Pierre-Olivier Gourinchas (University of California, Berkeley and CEPR)
Presentation

17.10 - 17.40
Coffee break
17.40 - 18.30
The Real Exchange Rate, Innovation and Productivity: A Cross-country Firm-level Analysis

*Harald Fadinger (University of Mannheim and CEPR)
Laura Alfaro (Harvard Business School), Alejandro Cuñat (University of Vienna), Yanping Liu (University of Manheim)
Harald Fadinger. Presentation File PDF: Opens in a new window (473 KB)

Discussant:
Bent E Sørensen (University of Houston and CEPR)
Bent E Sørensen. Presentation File PDF: Opens in a new window (134 KB)

Parallel Sessions Macroeconomic and Growth (MG)
15.30 - 16.20

*Paula Bustos (CEMFI and CEPR)
Gabriel Garber (DEPEP, Central Bank of Brazil) and Jacopo Ponticelli (University of Chicago Booth School of Business)
Paula Bustos. Presentation File PDF: Opens in a new window (4 MB)

Discussant:
Martí Mestieri (Northwestern University and CEPR)
Martí Mestieri. Presentation File PDF: Opens in a new window (125 KB)

16.20 - 17.10

*Ander Pérez-Orive (Federal Reserve Board)
Andrea Caggese (Universitat Pompeu Fabra, CREI, & Barcelona GSE)
Ander Pérez-Orive. Presentation File PDF: Opens in a new window (838 KB)

Discussant:
Josep Pijoan-Mas (CEMFI and CEPR)
Josep Pijoan-Mas. Presentation File PDF: Opens in a new window (217 KB)

17.10 - 17.40
Coffee break
17.40 - 18.30
Slowing Women's Labor Force Participation: The Role of Rising Income Inequality

*Stefania Albanesi (University of Pittsburgh and CEPR)
Maria J. Prados (University of Southern California)
Stefania Albanesi. Presentation File PDF: Opens in a new window (1 MB)

Discussant:
Sang Yoon Lee (Toulouse School of Economics and CEPR)
Sang Yoon Lee. Presentation File PDF: Opens in a new window (191 KB)

 

26 May 2017
Parallel Sessions International Macroeconomics and Finance (IMF)
08.50 - 09.40

*Ángel Estrada (Banco de España)
Enrique Alberola (Bank for International Settlements) and Francesca Viani (Banco de España)
Ángel Estrada. Presentation File PDF: Opens in a new window (1 MB)

Discussant:
Cédric Tille (The Graduate Institute, Geneva and CEPR)
Marcus Hagedorn. Presentation File PDF: Opens in a new window (72 KB)

09.40 - 10.30

*Marcus Hagedorn (University of Oslo and CEPR)
Marcus Hagedorn. Presentation File PDF: Opens in a new window (1 MB)

Discussant:
Robert Kollmann (ECARES, Université Libre de Bruxelles and CEPR)
Robert Kollmann. Presentation File PDF: Opens in a new window (110 KB)

10.30 - 11.00
Coffee Break
11.00 - 11.50

*Andrea Ferrero (University of Oxford) Alessandro Rebucci (Johns Hopkins University) and Ambrogio Cesa-Bianchi (Bank of England)
Andrea Ferrero . Presentation File PDF: Opens in a new window (729 KB)

Discussant:
Aitor Erce (European Stability Mechanism)
Aitor Erce. Presentation File PDF: Opens in a new window (330 KB)

11.50 - 12.40

*Luca Dedola (European Central Bank and CEPR)
Georgios Georgiadis, Johannes Graeb and Arnaud Mehl (all European Central Bank)
Luca Dedola. Presentation File PDF: Opens in a new window (1 MB)

Discussant:
Ambrogio Cesa-Bianchi (Bank of England)
Ambrogio Cesa-Bianchi. Presentation File PDF: Opens in a new window (382 KB)

12.40 - 12.50
Coffee Break
12.50 - 13.40

*Philippe Martin (Sciences Po, Paris and CEPR)
Pierre-Olivier Gourinchas (University of California, Berkeley and CEPR)
Philippe Martin. Presentation File PDF: Opens in a new window (387 KB)

Discussant:
Dirk Niepelt (Study Center Gerzensee, University of Bern and CEPR)
Dirk Niepelt. Presentation File PDF: Opens in a new window (352 KB)

Parallel Sessions Macroeconomic and Growth (MG)
08.50 - 09.40

*Tiago Cavalcanti (Cambridge University and CEPR)
Georgi Kocharkov (University of Konstanz) and Cezar Santos (EPGE/FGV-Rio)
Tiago Cavalcanti. Presentation File PDF: Opens in a new window (681 KB)

Discussant:
Paula Gobbi (Université Catholique de Louvain and CEPR)
Paula Gobbi. Presentation File PDF: Opens in a new window (157 KB)

09.40 - 10.30

*Gino A Gancia (Universitat Pompeu Fabra and CEPR)
Giacomo Ponzetto and Jaume Ventura (both CREI and CEPR)
Gino A Gancia. Presentation File PDF: Opens in a new window (681 KB)

Graziella Bertocchi (Universita di Modena a Reggio Emilia and CEPR)
Graziella Bertocchi. Presentation File PDF: Opens in a new window (196 KB)

10.30 - 11.00
Coffee Break
11.00 - 11.50

*Volker Grossmann (University of Fribourg)
Thomas Steger (Leipzig University, CESifo, Halle Institute for Economic Research - IWH)
Volker Grossmann. Presentation File PDF: Opens in a new window (776 KB)

Discussant:
Pietro Reichlin (LUISS Guido Carli and CEPR)
Pietro Reichlin. Presentation File PDF: Opens in a new window (239 KB)

11.50 - 12.40

*John Hassler (IIES Stockholm and CEPR)
Per Krusell (IIES Stockholm and CEPR) and Michael Reiter, IHS Vienna
John Hassler. Presentation File PDF: Opens in a new window (671 KB)

Discussant:
David Hémous (University of Zurich and CEPR)
David Hémous. Presentation File PDF: Opens in a new window (104 KB)

12.40 - 12.50
Coffee Break
12.50 - 13.40

*Tom Schmitz (IGIER, Bocconi University)
Fabiano Schivardi (IGIER, Bocconi University, EIEF and CEPR)
Tom Schmitz. Presentation File PDF: Opens in a new window (458 KB)

Discussant:
Georg Duernecker (University of Mannheim and CEPR)
Georg Duernecker. Presentation File PDF: Opens in a new window (120 KB)