8:15 AM	Continental Breakfast
8:45 AM	Welcoming Remarks: John C. Williams, President, Federal Reserve Bank of San Francisco
9:00 AM	Session 1: International Pricing IKEA: Product, Pricing, and Pass-Through *Marianne Baxter, Boston University Anthony Landry, Federal Reserve Bank of Dallas Discussants: John Rogers, Board of Governors of the Federal Reserve System Alberto Cavallo, MIT Sloan School of Management
10:00 AM	Break
10:30 AM	Session 2: Capital Controls Bubble Thy Neighbor: Portfolio Effects and Externalities from Capital Controls *Kristin Forbes, MIT Sloan School of Management Marcel Fratzscher, European Central Bank Thomas Kostka, European Central Bank Roland Straub, European Central Bank Discussants: Michael Hutchison, University of California, Santa Cruz Andrew Rose, University of California, Berkeley Capital Controls: a normative analysis *Bianca De Paoli, Federal Reserve Bank of New York Anna Lipinska, Board of Governors of the Federal Reserve System Discussants: Mario Crucini, Vanderbilt University Luca Guerrieri, Board of Governors of the Federal Reserve System
12:30 PM	Lunch
2:30 PM	Session 3: Global Imbalances and International Reserves Reserve Accumulation, Growth and Financial Crises *Giancula Benigno, London School of Economics Luca Fornaro, London School of Economics Discussants: Javier Bianchi, University of Wisconsin-Madison / NBER Joshua Aizenman, University of California, Santa Cruz
3:30 PM	Break
4:00 PM	Session 3 – continued. Monetary Policy in a DSGE Model with “Chinese Characteristics” Chun Chang, Shanghai Advanced Institute of Finance Zheng Liu, Federal Reserve Bank of San Francisco *Mark Spiegel, Federal Reserve Bank of San Francisco Discussants: Mick Devereux, University of British Columbia Carl Walsh, University of California, Santa Cruz Trade Reform and Current Account Imbalances: When Does the General Equilibrium Effect Overturn a Partial Equilibrium Intuition? Jiandong Ju, University of Oklahoma Kang Shi, Chinese University of Hong Kong *Shang-Jin Wei, Columbia University Discussants: Nelson Mark, University of Notre Dame Vincenzo Quadrini, University of Southern California
6:00 PM	Reception
6:30 PM	Dinner
7:15 PM	Keynote Address: Athanasios Orphanides, MIT Sloan School of Management
*Presenter

Visitor Information

Conference Hotel

Hyatt Regency San Francisco
5 Embarcadero Center
San Francisco, California, USA 94111

Conference Venue

Federal Reserve Bank of San Francisco
101 Market Street (between Main and Spear Streets)
San Francisco, CA 94105-1579
(415) 974-2000

Neighborhood information

Please use the Bank's main entrance on Market Street.

Public parking is available in the garage at 123 Mission Street (entrance on Main Street between Mission and Howard Streets, around $26) and in surface lots at Main and Howard Streets (around $15). There are also several parking garages on Spear Street between Market and Howard Streets (around $20 and up).

The Bank is a nonsmoking building.

Airport Transportation

From San Francisco Airport
Travel time is approximately 25 minutes from SFO to the downtown area. Taxi fare from the airport to the downtown area is approximately $45.

The door-to-door Super Shuttle ($16) departs every 10 to 15 minutes, 24 hours a day, from the upper level median strip or courtesy island of the North, Central, and South terminals at SFO.

BART trains leave SFO every 15 minutes and take approximately 35 minutes to reach the downtown area. From the International Terminal, enter SFO-International BART station, which is located on level 3 of the International Terminal. From the Domestic Terminal, follow the signs across the overpass and take the SFO-AirTrain to SFO-International BART station. Once on BART, exit at Embarcadero Station, and walk up to Harbor Court Hotel on Stewart Street. One-way BART fare from SFO to the Embarcadero Station is $8.10.

From Oakland Airport
From OAK, either take the AirBART shuttle (fare is $2) to the Colliseum BART station and take any San Francisco bound train to the Embarcadero Station (fare is $3.55 + $3 AirBART fare), or take any shuttle from the airport to the hotel. Fare is approximately $25-$30.