
Program
Hosted by the Federal Reserve Board, Division of International Finance
Dining Room E
Thursday, May 9, 2013
1:05 p.m.
Session 1
Sovereign Default Risk and Uncertainty Premia
Authors:
Ignacio Presno (FRB-Boston) *
Demian Pouzo (UC-Berkeley)
Discussant: Bora Durdu (Federal Reserve Board)
Do Investors Believe in Euro-area Bank Interventions? An Options-based Risk Approach
Authors:
Mary Tian (Federal Reserve Board) *
Juan Londono (Federal Reserve Board)
Discussant:
Diversification, Cost Structure, and the Stock returns of Multinational Corporations (PDF) | HTML
Authors:
Jose Fillat (FRB-Boston) *
Stefania Garetto (Boston University)
Lindsay Oldenski (Georgetown University)
Discussant: Ben Mandel (FRB-NY)
3:15 p.m.
Session 2
Competition and Collusion in the Banking Industry (Mexico)
Authors:
Bernardo Morais (Federal Reserve Board) *
Claudia Ruiz (World Bank)
and
What do 30 years of crises tell us about the transmission of banking shocks? Evidence from U.S. banks' foreign exposures
Authors:
Tara Rice (Federal Reserve Board) *
Ricardo Correa (Federal Reserve Board)
William Goulding (Federal Reserve Board)
Juan C. Gozzi-Valdez (Federal Reserve Board)
Discussant: Linda Goldberg (FRB-NY)
Banking Across Borders with Heterogeneous Banks
Author:
Friederike Niepmann (FRB-NY)
Discussant: Viktors Stebunovs (Federal Reserve Board)
Friday, May 10, 2013
9:00 a.m.
Session 1
Can Structural Reforms Help Europe?
Authors:
Gautti Eggertson (Brown University)
Andrea Ferrero (FRB-NY)
Andrea Raffo (Federal Reserve Board) *
Discussant: Anna Lipinska (Federal Reserve Board)
The Cyclical Behavior of Equilibrium Unemployment and Vacancies Across OECD Countries (PDF) | HTML
Author(s):
Pedro Amaral (FRB-Cleveland) *
Murat Tasci (FRB-Cleveland)
and
TFP Growth by Country
Author(s):
Andrea De Michelis (Federal Reserve Board) *
Marcello Estevao (IMF)
Beth Anne Wilson (Federal Reserve Board)
Discussant: Jim Nason (FRB-PH)
11:00 a.m.
Session 2
Chinese Exports and U.S. Import Prices
Author(s):
Ben Mandel (FRB-NY)
and
Trade Reforms, Foreign Competition, and Labor Market Adjustments in the U.S.
Author(s):
Illenin Kondo (Federal Reserve Board)
Discussant: George Alessandria (FRB-PH)
Everything all the time? Entry and Exit in U.S. import Varieties (PDF) | HTML
Author(s):
Roc Armenter (FRB-PH) *
Miklos Koren (Central European University)
Discussant: Etienne Gagnon (Federal Reserve Board)
1:45 p.m.
Session 3
Commodity Price Volatility and Correlation
Authors:
Joe Gruber (Federal Reserve Board)
Robert Vigfusson (Federal Reserve Board)
and
The Effect of Commodity Price Shocks on Underlying Inflation: The Role of Central Bank Credibility
Author:
Scott Davis (FRB-Dallas)
Discussant: Luca Guerrieri (Federal Reserve Board)
Monetary Policy Shocks and Stock Returns: Identification through the Impossible Trinity
Authors:
Ali Ozdagli (FRB-Boston) *
Yifan Yu (FRB-Boston)
Discussant: Clara Vega (Federal Reserve Board)
3:45 p.m.
Session 4
Capital Goods Trade and Economic Development (PDF) | HTML
Authors:
Piyusha Mutreja (Syracuse University)
B. Ravikumar (FRB-STL)
Michael Sposi (FRB-Dallas) *
Discussant: Logan Lewis (Federal Reserve Board)
Trend Inflation in Advanced Economies (PDF) | HTML
Authors:
Christine Garnier (Federal Reserve Board)
Elmar Mertens (Federal Reserve Board) *
Edward C. Nelson (Federal Reserve Board)
and
Are Long-Term Inflation Expectations Well-Anchored in Brazil, Chile and Mexico? (PDF) | HTML
Authors:
Michiel De Pooter (Federal Reserve Board) *
Patrice Robitaille (Federal Reserve Board)
Ian Walker (Federal Reserve Board)
Michael Zdinak (Federal Reserve Board)
Discussant: Jonathan Wright (Johns Hopkins University and Federal Reserve Board)