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- European Summer Symposium in International Macroeconomics (ESSIM) 2010
European Summer Symposium in International Macroeconomics (ESSIM) 2010
25 – 28 Mayo 2010
Roda de Bará (Tarragona)
Conferencias
Información
La decimoséptima edición del European Summer Symposium in International Macroeconomics (ESSIM) tuvo lugar los días 25 a 28 de mayo de 2010 en Roda de Bará (Tarragona). Fue organizada conjuntamente por el Banco de España y el Centre for Economic Policy Research (CEPR).
El simposio, de carácter anual, reúne alrededor de 60 economistas de Europa e investigadores destacados de otras regiones. Supone una ocasión única para intercambiar experiencias y desarrollar ámbitos de colaboración investigadora; además, la reunión tiene también como objetivo proporcionar el encuentro entre jóvenes investigadores y economistas de reconocido prestigio internacional.
Ponencias
- 25 Mayo 2010
- Plenary Session. Finance and Macroeconomics
- 09.00 - 10.00
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"Internal rationality, imperfect market knowledge and asset prices"
(381 KB)Klaus Adam (Mannheim University and CEPR) and Albert Marcet (London School of Economics and CEPR)
"Booms and busts in asset prices". Presentation
(497 KB)Discussant: Kristoffer Nimark (CREI and Universitat Pompeu Fabra)
(76 KB) - 10.00 - 11.00
-
Marco del Negro (Federal Reserve Bank of Atlanta), Gauti Eggertsson (Federal Reserve Bank of New York) and Andrea Ferrero (Federal Reserve Bank of New York)
Discussant: Oreste Tristani (European Central Bank)
(90 KB) - 11.30 - 12.30
-
Christopher Gust (Federal Reserve Board) and David López-Salido (Federal Reserve Board and CEPR)
"Portfolio inertia and the equity premium". Presentation
(133 KB)Discussant: Alexander Michaelides (London School of Economics and CEPR)
(327 KB) - 12.30 - 13.30
-
Javier Andrés (Universidad de Valencia), Óscar Arce (CNMV) and Carlos Thomas (Banco de España)
"Banking competition, collateral constraints and optimal monetary policy". Presentation
(549 KB)Discussant: Luca Dedola (European Central Bank and CEPR)
- Parallel Session. Capital flows and exchange rates
- 14.30 - 15.30
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Emmaneul Farhi (Harvard University), Samuel Fraiberger (New York University), Xavier Gabaix (New York University), Romain Rancière (IMF and CEPR) and Adrien Verdelhan (MIT)
- 15.30 - 16.30
-
Nicola Cetorelli and Linda Goldberg (Federal Reserve Bank of New York)
"Following the money in global banks: internal transfers during the crisis". Presentation
(1 MB) - 17.00 - 18.00
-
Nicolas Berman (Graduate Institute, Geneva), Philippe Martin (Sciences Po and CEPR) and Thierry Mayer (Sciences Po and CEPR)
- 18.00 - 19.00
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Pau Rabanal (IMF) and Juan Rubio-Ramírez (Duke University)
"Explaining low frequency movements of the real exchange rate". Presentation
(162 KB) - Parallel Session. Technical change and productivity
- 14.31 - 15.00
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Susanto Basu (Boston College), John Fernald (Federal Reserve Bank of San Francisco), Jonas Fisher (Federal Reserve Bank of Chicago) and Miles Kimball (University of Michigan)
- 15.30 - 16.30
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Diego Comin (Harvard Business School), Mark Gertler (New York University) and Ana Maria Santacreu (INSEAD)
- 17.00 - 18.00
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Almut Balleer (IIES, University of Stockholm) and Thijs van Rens (CREI, Universitat Pompeu Fabra and CEPR)
"Cyclical skill-biassed technical change". Presentation
(430 KB) - 18.00 - 19.00
-
Jordi Galí and Thijs van Rens (CREI, Universitat Pompeu Fabra and CEPR)
"The vanishing procyclicality of labor productivity". Presentation
(522 KB)
- 26 Mayo 2010
- Plenary Session. Structural change, volatility, growth
- 09.00 - 10.00
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Zheng Song (Fudan University and Chinese University of Hong Kong), Kjetil Storesletten (Federal Reserve Bank of Minneapolis and CEPR) and Fabrizio Zilibotti (University of Zurich and CEPR)
"Growing like China". Presentation
(529 KB)Discussant: Francesco Caselli (London School of Economics and CEPR)
(632 KB) - 10.00 - 11.00
-
Vasco Carvalho (CREI and Universitat Pompeu Fabra) and Xavier Gabaix (New York University)
"The great diversification". Presentation
(520 KB)Discussant: Alessio Moro (Universidad Carlos III de Madrid)
(240 KB) - 11.30 - 12.30
-
Berthold Herrendorf (Arizona State University), Richard Rogerson (Arizona State University) and Akos Valentinyi (Magyar Nemzeti Bank and CEPR)
"Two perspectives on preferences and structural transformation". Presentation
(116 KB)Discussant: Diego Comin (Harvard Business School)
- 12.30 - 13.30
- "Volatility and openness to international trade"
Francesco Caselli (London School of Economics and CEPR), Miklós Koren (Central European University and CEPR), Milan Lisicki and Silvana Tenreyro (London School of Economics and CEPR)
"Volatility and openness to international trade". Presentation
(621 KB)Discussant: Fabrizio Perri (University of Minnesota and CEPR)
(259 KB) - Parallel Session: Distributions/Trade
- 14.30 - 15.30
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Bernardino Adão (Banco de Portugal) and Maria Isabel Horta Correia (Banco de Portugal and CEPR)
"The impact of inflation in open economies". Presentation
(1 MB) - 15.30 - 16.30
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Tobias Broer (Stockholm University)
"Stationary equilibrium distributions in economies with limited commitment". Presentation
(2 MB) - 17.00 - 18.00
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Giammario Impullitti (IMT Lucca Institute for Advanced Studies) and Omar Licandro (IAE Barcelona and CEPR)
"Trade, firm selection, and innovation: the competition channel". Presentation
(1,008 KB) - 18.00 - 19.00
-
Anton Nakov and Galo Nuño (Banco de España)
"Oilgopoly: a general equilibrium model of the oil-macroeconomy nexus". Presentation
(325 KB) - Parallel Session: Employment Reallocation
- 14.30 - 15.30
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Alejandro Justiniano (Federal Reserve Bank of Chicago), David López-Salido (Federal Reserve Board and CEPR) and Claudio Michelacci (CEMFI and CEPR)
"How inefficient is worker reallocation?". Presentation
(773 KB) - 15.30 - 16.30
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Wouter den Haan (University of Amsterdam and CEPR) and Petr Sedlacek (University of Amsterdam)
"Inefficient employment decisions, entry costs, and the cost of fluctuations". Presentation
(201 KB) - 17.00 - 18.00
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A. Kerem Cosar (Pennsylvania State University), Nezih Guner (Universitat Autònoma de Barcelona and CEPR) and James Tybout (Pennsylvania State University)
"Firm dynamics, job turnover, and wage distributions in an open economy". Presentation
(445 KB) - 18.00 - 19.00
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Eran Yashiv (Tel Aviv University and CEPR)
"On the joint behavior of hiring and investment". Presentation
(1 MB)
- 27 Mayo 2010
- Plenary Session. Political Economy
- 09.00 - 10.00
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Bernardo Guimarães (London School of Economics and CEPR) and Kevin Sheedy (London School of Economics)
"Equilibrium government". Presentation
(921 KB)Discussant: Dirk Niepelt (Study Center Gerzensee and CEPR)
(72 KB) - 10.00 - 11.00
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Giuseppe Bertola and Anna Lo Prete (Università degli Studi di Torino and CEPR)
"Whence policy? Governments, finance, and economic integration". ºPresentation
(582 KB)Discussant: John Hassler (IIES, Stockholm University and CEPR)
(244 KB) - 11.30 - 12.30
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Raquel Fernández (New York University and CEPR)
"Women’s rights and development". Presentation
(220 KB)Discussant: José Vicente Rodríguez Mora (University of Edinburgh and CEPR)
- 12.30 - 13.30
- "When, where and how does fiscal stimulus work?"
Giancarlo Corsetti (EUI and CEPR), Gernot Müller (University of Bonn and CEPR) and Andre Meier (IMF)
"When, where and how does fiscal stimulus work?". Presentation
(518 KB)Discussant: Jesper Lindé (Federal Reserve Board)
(449 KB)
- 28 Mayo 2010
- Plenary Session. Monetary and Fiscal Policy
- 09.00 - 10.00
- "Redistributive taxation in a partial insurance economy"
Jonathan Heathcote (Federal Reserve Bank of Minneapolis and CEPR), Kjetil Storesletten (Federal Reserve Bank of Minneapolis and CEPR) and Giovanni Violante (New York University and CEPR)
"Redistributive taxation in a partial insurance economy". Presentation
(4 MB)Discussant: James Costain (Banco de España)
(213 KB) - 10.00 - 11.00
-
Karel Mertens (Cornell University) and Morten Ravn (University College London and CEPR)
"Some economics of fiscal policy and the zero lower bound". Presentation
(954 KB)Discussant: Florin Bilbiie (Paris School of Economics and CEPR)
(74 KB) - 11.30 - 12.30
- "On the dynamics of leverage, liquidity and risk"
Philippe Bacchetta (Université de Lausanne and CEPR), Cédric Tille (The Graduate Institute of International and Development Studies and CEPR) and Eric van Wincoop (University of Virginia)
Discussant: Paul Klein (University of Western Ontario)
(172 KB) - 12.30 - 13.30
-
Jordi Galí (CREI, Universitat Pompeu Fabra and CEPR)
"The return of the wage phillips curve" . Presentation
(444 KB)Discussant: Per Krusell (Princeton University, IIES and CEPR)
(309 KB) - Parallel Session. Monetary and Fiscal Policy
- 14.30 - 15.30
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Pooyan Amir Ahmadi (Humboldt University of Berlin) and Albrecht Ritschl (London School of Economics and CEPR)
- 15.30 - 16.30
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Christopher J. Erceg (Board of Governors of the Federal Reserve System) and Jesper Lindé (Federal Reserve Board and CEPR)
"Is there a fiscal free lunch in a liquidity trap?". Presentation
(447 KB) - 17.00 - 18.00
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James Costain and Anton Nakov (Banco de España)
- 18.00 - 19.00
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Bernardino Adão (Banco de Portugal), Isabel Correia (Banco de Portugal, Universidade Catolica Portuguesa and CEPR) and Pedro Teles (Banco de Portugal and CEPR)
"Long and short interest rate targets". Presentation
(148 KB) - Parallel Session. Globalization, Human Capital, Growth
- 14.30 - 15.30
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Keyu Jin (London School of Economics)
"Industrial structure and financial capital flows". Presentation
(327 KB) - 15.30 - 16.30
- "Macroeconomic volatility and external imbalances"
Alessandra Fogli and Fabrizio Perri (University of Minnesota and CEPR)
"Macroeconomic volatility and external imbalances". Presentation
(408 KB) - 17.00 - 18.00
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Joseph Zeira (Hebrew University of Jerusalem and CEPR)
- 18.00 - 19.00
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Tiago V. de V. Cavalcanti (Purdue University) and Chryssi Giannitsarou (University of Cambridge and CEPR)
"Social structure and human capital dynamics". Presentation
(717 KB)