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European Summer Symposium in International Macroeconomics (ESSIM) 2008

2025 May 2008
Roda de Bará (Tarragona)
Conferences

Information

The sixteenth CEPR European Summer Symposium in International Macroeconomics (ESSIM) took place on 20-25 May 2008. The meeting was hosted by the Banco de España in Tarragona.

ESSIM is an annual meeting that brings together about 60 economists from across Europe and key researchers from outside the region. It provides a unique opportunity for macroeconomists from different research institutions and countries to discuss research in a relaxed atmosphere and to develop long-term collaborative relationships. Another important aim of ESSIM is to provide young researchers with the opportunity to meet and discuss their work with senior economists.

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Presentations

21 May 2008
Introductory remarks
08.45 - 09.00

Juan Ayuso (Director, Department of Monetary and Financial Studies, Banco de España)

The Great Moderation
09.00 - 10.00

Jordi Galí (CREI, Universitat Pompeu Fabra and CEPR) and Luca Gambetti (Universitat Autònoma de Barcelona)

Discussant: Gabriel Pérez-Quirós (Banco de España) File PDF: Opens in a new window (227 KB)

10.00 - 11.00

Klaus Adam (European Central Bank and CEPR)

Discussant: Marco del Negro (Federal Reserve Bank of New York) File PDF: Opens in a new window (1,010 KB)

11.30 - 12.30

Vincenzo Quadrini (University of Southern California and CEPR) and Fabrizio Perri (University of Minnesota)

Discussant: Gianluca Benigno (London School of Economics) File PDF: Opens in a new window (264 KB)

12.30 - 13.30

Pierpaolo Benigno (LUISS Guido Carli and CEPR) and Luca Antonio Ricci (International Monetary Fund)

Discussant: Florin Bilbiie (HEC) File PDF: Opens in a new window (46 KB)

Financial Integration and Growth
14.30 - 15.30

Alessandra Bonfiglioli (Institute for Economic Analysis, CSIC)

15.30 - 16.30

Indrit Hoxha (University of Houston), Sebnem Kalemli-Ozcan (University of Houston, Bilkent University and ECB) and Dietrich Vollrath (University of Houston)

17.00 - 18.00

Fernando A. Broner (CREI, Universitat Pompeu Fabra and CEPR) and Jaume Ventura (CREI, Universitat Pompeu Fabra and CEPR)

18.00 - 19.00

Pushan Dutt (INSEAD) and Ilian Mihov (INSEAD and CEPR)

ECB Wage Dynamics Network Session and Labor-Market Macro
14.30 - 15.30

Eran Yashiv (Tel Aviv University and CEPR)

15.30 - 16.30
"Endogenous labor market participation and the business cycle"

Christian Haefke (Institute for Advanced Studies, Vienna)
Michael Reiter (Institute for Advanced Studies, Vienna)

17.00 - 18.00

Kai Christoffel (ECB), James Costain (Banco de España), Gregory de Walque (ECB), Keith Kuester (ECB), Tobias Linzert (ECB), Stephen Millard (Bank of England) and Olivier Pierrard (Bank of Luxembourg)

18.00 - 19.00

Kai Christoffel (ECB), Keith Kuester (ECB) and Tobias Linzert (ECB)

22 May 2008
Dynamic Fiscal Policy
09.00 - 10.00

Stefania Albanesi (Columbia University and CEPR) and Roc Armenter (Federal Reserve Bank of New York)

Discussant: Tatiana Kirsanova (University of Exeter) File PDF: Opens in a new window (24 KB)

10.00 - 11.00

Zheng Song (Fudan University), Kjetil Storesletten (University of Oslo and CEPR) and Fabrizio Zilibotti (University of Zurich and CEPR)

Discussant: Nicola Gennaioli (CREI, Universitat Pompeu Fabra) File PDF: Opens in a new window (50 KB)

11.30 - 12.30

Elisa Faraglia (London Business School) and Andrew Scott (London Business School and CEPR)

Discussant: Dirk Niepelt (IIES and University of Bern) File PDF: Opens in a new window (108 KB)

12.30 - 13.30

Karel Mertens (Cornell University) and Morten O. Ravn (Institut d'Analisi Economica and CEPR)

Discussant: Juan Rubio Ramirez (Duke University) File PDF: Opens in a new window (239 KB)

Inflation Dynamics
14.30 - 15.30

James Costain (Banco de España) and Anton Nakov (Banco de España)

15.30 - 16.30

Michael Reiter (Institute for Advanced Studies, Vienna), Tommy Sveen (Norges Bank) and Lutz Weinke (Duke University)

17.00 - 18.00
"What Do We Learn from the Price of Crude Oil Futures?"

Ron Alquist (University of Michigan) and Lutz Kilian (University of Michigan)

18.00 - 19.00

Pau Rabanal (La Caixa)

Labor Supply
14.30 - 15.30

Raquel Fernandez (New York University and CEPR)

15.30 - 16.30

Stefania Albanesi (Columbia University, NBER and CEPR)
Claudia Olivetti (Boston University)

17.00 - 18.00

Bulent Guler (University of Texas, Austin), Fatih Guvenen (University of Minnesota) and Giovanni L. Violante (New York University, CEPR, and NBER)

18.00 - 19.00

Omer Moav (Hebrew University, Royal Holloway University of London and CEPR) and Zvika Neeman (Tel Aviv University)

23 May 2008
Information and Speculative Fluctuations
09.00 - 10.00

Bartosz Adam Mackowiak (European Central Bank and CEPR) and Mirko Wiedeholt (Northwestern University)

Discussant: James Costain (Banco de España) File PDF: Opens in a new window (162 KB)

11.30 - 12.30

Paul Beaudry (University of British Columbia), Martial Dupaigne (GREMAQ and Toulouse School of Economics) and Franck Portier (Toulouse School of Economics, Gremaq and CEPR)

Discussant: Luca Dedola (ECB) File PDF: Opens in a new window (101 KB)

12.30 - 13.30

Oscar J. Arce (Banco de España) and J. David López-Salido (Federal Reserve Board and CEPR)

Discussant: Kaiji Chen (University of Oslo) File PDF: Opens in a new window (190 KB)

International Portfolios and Trade
10.00 - 11.00

Stefano Eusepi (Federal Reserve Bank of New York) and Bruce Preston (Columbia University)

Discussant: Kristoffer Nimark (NYU and Reserve Bank of Australia) File PDF: Opens in a new window (139 KB)

24 May 2008
International Portfolios and Trade
09.00 - 10.00

Nicolas Coeurdacier (London Business School and CEPR), Robert Kollmann (Free University of Brussels, ECARES and CEPR) and Philippe Martin (Universite Paris I, PSE and CEPR)

Discussant: Matthias Doepke (University of California, Los Angeles) File PDF: Opens in a new window (53 KB)

10.00 - 11.00

Nicolas Coeurdacier (London Business School and CEPR) and Pierre-Olivier Gourinchas (University of California Berkeley and CEPR)

Discussant: Elias Papaioannou (Dartmouth University)

11.30 - 12.30

Francisco Buera (Northwestern University), Alex Monge-Naranjo (Northwestern University) and Giorgio E. Primiceri (Northwestern University and CEPR)

Discussant: Rubén Segura-Cayuela (Banco de España) File PDF: Opens in a new window (201 KB)

12.30 - 13.30
"Inventories, Lumpy Trade and Large Devaluations"

George Alessandria (Federal Reserve Bank of Philadelphia), Joseph Kaboski (Ohio State University) and Virgiliu Midrigan (New York University)

Discussant: Ruediger Bachmann (University of Michigan) File PDF: Opens in a new window (245 KB)

Trade Liberalization and Competition
14.30 - 15.30

Paolo Epifani (Bocconi University) and Gino A. Gancia (CREI, Universitat Pompeu Fabra and CEPR)

15.30 - 16.30

Giancarlo Corsetti (European University Institute and CEPR), Philippe Martin (University of Paris I and CEPR) and Paolo Pesenti (Federal Reserve Bank of New York and CEPR)

17.00 - 18.00

Julien Prat (Vienna University), Gabriel Felbermayr (University of Tübingen) and Hans-Jorg Schmerer (University of Nottingham)

18.00 - 19.00

Jean Imbs (HEC and CEPR)

Macroeconomic Fluctuations
14.30 - 15.30

Carlos Thomas (Banco de España)

15.30 - 16.30

Wouter Den Haan (University of Amsterdam and CEPR) and Georg Kaltenbrunner (London Business School)

17.00 - 18.00

Luca Gambetti (Universitat Pompeu Fabra) and Evi Pappa (Universitat Autònoma de Barcelona and CEPR)

18.00 - 19.00

Fabio Canova (CREI and Universitat Pompeu Fabra)