Friday, November 9, 2012
Federal Reserve Bank of San Francisco
| 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 |
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| 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 |
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| Discussants: | Michael Hutchison, University of California, Santa Cruz Andrew Rose, University of California, Berkeley |
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| Capital Controls: a normative analysis *Bianca De Paoli, Federal Reserve Bank of New York Anna Lipinska, Board of Governors of the Federal Reserve System |
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| Discussants: | Mario Crucini, Vanderbilt University Luca Guerrieri, Board of Governors of the Federal Reserve System |
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| 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 |
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| Discussants: | Javier Bianchi, University of Wisconsin-Madison / NBER Joshua Aizenman, University of California, Santa Cruz |
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| 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 |
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| Discussants: | Mick Devereux, University of British Columbia Carl Walsh, University of California, Santa Cruz |
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| 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 |
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| Discussants: | Nelson Mark, University of Notre Dame Vincenzo Quadrini, University of Southern California |
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| 6:00 PM | Reception | |
| 6:30 PM | Dinner | |
| 7:15 PM | Keynote Address: Athanasios Orphanides, MIT Sloan School of Management | |
| *Presenter | ||