La science économique au service de la société

MGI - 7th Annual Workshop on Macroeconomics of Global Interdependence

Seventh Annual Workshop on Macroeconomics of Global Interdependence (MGI)

Hosted by
Paris School of Economics

Supported by
Chaire Banque de France at PSE

16-17 March 2012

Registration : sylvain.riffe chez

Venue : (March 16th) Palais Brongniart 75002 Paris, (March 17th) MSE 75013 Paris


Indicates the presenter*
You can download the programme in pdf

Friday 16 March 2012

  • 08:45-09:00 Welcome
  • 09:00-10:00 Session 1 : Nominal Exchange Rates and Macroeconomic Adjustment
    Fiscal Devaluations
    Emmanuel Farhi* (Harvard University and CEPR), Gita Gopinath (Harvard University), Oleg Itskhoki (Princeton University and CEPR)
    Discussant : Morten Ravn (University College London and CEPR)
  • 10:00-11:00 Pegs and Pain
    Martin Uribe* (Columbia University)
    Stephanie Schmitt-Grohe (Columbia University and CEPR)
    Discussant : Pierre-Olivier Gourinchas (University of California, Berkeley and CEPR)
  • 11:00-11:15 Coffee
  • 11:15-12:30 Chaire Banque de France Lecture
    Reforming the International Monetary System
    Hélène Rey (London Business School and CEPR)
  • 12:45-14:00 Lunch
  • 14:00-15:00 Session 2 : Economic Integration and Structural Change
    Economic Integration and Structural Change
    Jean Imbs* (Paris School of Economics and CEPR), Romain Wacziarg (UCLA and CEPR)
    Discussant : Silvana Tenreyro (LSE and CEPR)
  • 15:00-16:00 The Global Welfare Impact of China : Trade Integration and Technological Change
    Andrei A. Levchenko* (University of Michigan), Julian di Giovanni (International Monetary Fund and University of Toronto), Jing Zhang (University of Michigan)
    Discussant : Thierry Mayer (Sciences Po and CEPR)
  • 16:00-16:30 Coffee break
  • 16:30-17:30 Session 3 : Financial Market Transmission
    Global Crises and Equity Market Contagion
    Arnaud Mehl* (European Central Bank), Geert Bekaert (Columbia University), Michael Ehrmann (European Central Bank), Marcel Fratzscher (European Central Bank and CEPR)
    Discussant : Astrid Schornick (INSEAD)
  • 17:30-18:30 Trade reforms and current account imbalances
    Shang-Jin Wei* (Columbia University and CEPR), Jiandong Ju (University of Oklahoma), Kang Shi (Chinese University of Hong Kong)
    Discussant : Claire Lebarz (PSE)
  • 18:30 Cocktails

Saturday 17 March

  • 08:30-09:00 Coffee
  • 09:00-10:00 Session 4 : Global Imbalances
    Sovereigns, Upstream Capital Flows, and Global Imbalances
    Sebnem Kalemli-Ozcan* (Koc University, Harvard University, CEPR and NBER), Laura Alfaro (Harvard Business School and NBER), Vadym Volosovych (Erasmus University Rotterdam, Tinbergen Institute and ERIMs)
    Discussant : Romain Ranciere (Paris School of Economics and CEPR)
  • 10:00-11:00 Comparative Advantage, Service Trade, and Global Imbalances
    Alessandro Barattieri* (University of Quebec at Montreal)
    Discussant : Vincent Vicard (Banque de France)
  • 11:00-11:15 Coffee
  • 11:15-12:15 Session 5 : International Fluctuations
    House Price Booms and Current Account Deficits
    Andrea Ferrero* (Federal Reserve Bank of New York
    Discussant : Frederic Boissay (ECB)
  • 12:15-13:15 Medium term Cycles in developing Countries
    Luis Serven* (The World Bank), Diego Comin (Harvard University, NBER and CEPR), Norman Loayza (The World Bank), Farooq Pasha (Boston College)
    Discussant : Stephanie Schmitt-Grohe (Columbia University and CEPR)
  • 13:15-14:30 Lunch
  • 14:30-15:30 Session 6 : Trade and Capital Flows
    Foreign Borrowing, Portfolio Allocation and Bailouts
    Eric Mengus* (Toulouse School of Economics)
    Discussant : Enisse Kharroubi (BIS)
  • 15:30-16:30 The Trade Comovement Puzzle and the margins of International Trade
    Anna Maria Santacreu* (INSEAD), Wei Liao (HKIMR)
    Discussant : Linda Tesar (University of Michigan)
  • 16:30 -16:45 Close and Adjourn

Presenters have 30 minutes to present their paper. Each discussant has15 minutes for their discussion, leaving 15 minutes for general discussion of each paper.

Organisers :

  • Romain Ranciere (Paris School of Economics and CEPR)
  • Morten Ravn (University College London and CEPR)