X Workshop in International Economics and Finance, Buenos Aires, 2008
The X Workshop in International Economics and Finance took place in Buenos Aires on March 16-18, 2008.
Sunday, March 16, 2008
Aula 2, Campus Ditella
9:30-9:45 Welcoming Remarks:
Guillermo Calvo, Larry Christiano
Chair: Guillermo Calvo (Columbia University)
9:45-11:00 “Restructuring the Sovereign Debt Restructuring Mechanism", Rohan Pitchfor (University of Sydney) and Mark Wright (UCLA)
Discussant: Jonathan Eaton (New York University)
11:00-11:15 Coffee break
Chair: Paloma Casero (The World Bank)
11:15-12:30 “Internal Debt Crises and Sovereign Defaults”, Cristina Arellano (University of Minnesota, Federal Reserve Bank of Minneapolis), Narayana Kocherlakota (University of Minnesota, Federal Reserve Bank of Minneapolis, NBER)
Discussant: Guido Sandleris (Universidad T. Di Tella)
12:30-14:00 Lunch
Chair: David Gould (The World Bank)
14:00-15:15 “Inflating the Beast: Political Incentives under Uncertainty”, Pierre Yared (Columbia University) and Ricardo Caballero (MIT and NBER)
Discussant: Tito Cordella (The World Bank)
15:15-15:30 Coffee break
Chair: Andrew Powell (IADB)
15:30-16:45 “Real Business Cycles in Emerging Countries", Javier Garcia-Cicco (Duke University and NBER), Roberto Pancrazi (Duke University and NBER) and Martin Uribe (Duke University and NBER)
Discussant: Enrique Mendoza (University of Maryland)
16:45-17:00 Coffee break
17:00-18:15 “A Solution to the Default Risk-Business Cycle Disconnect”, Enrique G. Mendoza (University of Maryland and NBER) and Vivian Z. Yue (NYU)
Discussant: Andy Neumeyer (UTDT)
Lunes, 17 de Marzo de 2008
Auditorio, Sede Miñones
Problemas en el norte y fiesta en el sur: Dilemas de política económica
8:45-9:00 Acreditación y desayuno
9:00-9:30 Bienvenida.
Álvaro Fernández Bravo, Director, New York University en Buenos Aires
Andrés Neumeyer, Profesor, Universidad Torcuato Di Tella
Augusto de la Torre, Economista Jefe para América Latina y el Caribe, Banco Mundial
9:30-10:30 Visión General
Moderador: Guillermo Calvo (Columbia University)
Eduardo Levy-Yeyati, Director y Jefe de Estudios y EStrategia para América Latina, Barclays Capital
“Anatomía de la debacle estadounidense”
Augusto de la Torre, Economista Jefe para América Latina y el Caribe, Banco Mundial
“Lecciones e impacto sobre América Latina”
10:30-10:45 Café
11:00-12:15 Respuestas de política económica
Moderador: Bernardo Kosacoff, Director de CEPAL Buenos Aires
Jose de Gregorio, Presidente, Banco Central de Chile
“El precio del cobre, la crisis sub-prime y la política económica en Chile”
Martín Lousteau, Ministro de Economía y Producción, República Argentina
“Política Económica Argentina”
12:15-12:30 Comentarios finales: Juan Pablo Nicolini, Rector, Universidad T. Di Tella (2001-2009)
Monday, March 17, 2008
Aula 2, Campus Ditella
Chair: Hernán Lacunza (BCRA)
14:00-15:15 “A theory of Liquidity and Regulation of Financial Intermediation”, Emmanuel Farhi (Harvard University and NBER), Mikail Golosov (MIT and NBER) and Aleh Tsyvinski (Harvard University and NBER)
Discussant: Alberto Martín (Universitat Pompeu Fabra)
15:15-15:30 Coffee break
Chair: Eduardo Cavallo (IADB)
15:30-16:45 “A Theory of Credit Scoring and Competitive Pricing of Default Risk", Satyajit Chatterjee (Federal Reserve Bank of Philadelphia), Dean Corbae (University of Texas at Austin), and Jose–Victor Rios-Rull (University of Pennsylvania, University of Minnesota, and CAERP)
Discussant: Lawrence Christiano (Northwestern University)
16:45-17:00 Coffee break
17:00-18:15 “Capital Flows and Asset Prices”, Kosyje Aoki (LSE), Gianluca Benigno (LSE), and Nobuhiro Kiyotaki (Princeton University)
Discussant: Emilio Espino (Universidad T Di Tella)
Tuesday, March 18, 2008
Aula 2, Campus Ditella
Chair: Miguel Braun (CIPPEC, Universidad de Buenos Aires)
10:00-11:15 “Equilibrium Default", Hugo Hopenhayn (UCLA) and Ivan Werning (MIT)
Discussant: Emmanuel Farhi (Harvard University)
11:15-11:30 Coffee break
11:30-12:45 “Fiscal Policy over the Real Business Cycle: A Positive Theory”, Marco Battaglini (Princeton University) and Stephen Coate (Cornell University)
Discussant: Ivan Werning (MIT)
12:45-14:15 Lunch
Chair: George Mc Candless (BCRA)
14:15-15:30 “Bankruptcy Law and Credit Market: A General-Equilibrium Approach", Aloiso Araujo (EPGE/FGV and IMPA) and Bruno Funchal (FUCAPE Business School)
Discussant: Enrique Kawamura (U de San Andrés)
15:30-15:45 Coffee break
15:45-17:00 “Finance and Development: A tale of Two Sectors", Francisco J. Buera ( Northwestern University), Joseph P. Kaboski (Ohio State University) and Yongseok Shin (University of Wisconsin)
Discussant: Juan Pablo Nicolini (UTDT)
