The conference was sponsored jointly with the CEPR. The program was prepared by Jordi Galí and Andrew Rose (University of California, Berkeley). Financial support was obtained from the Spanish Ministerio de Educación y Cultura and from the Generalitat de Catalunya.
The main objective of the conference was to revisit the new developments in the international macroeconomic literature both from a theoretical and an empirical point of view. The conference was organized in three sessions, and covered recent research on topics like currency unions, monetary policy in the open economy, Euro area modeling, financial crises, and others of significant policy relevance and current interest.
Exchange Rate Volatility and Economic Openness: Theory and Evidence
by Harald Hau
Currency Unions
by Alberto Alesina and Robert J. Barro
Optimal Monetary Policy in Currency Area
by Pierpaolo Benigno
The Transfer Problem Revisited: Net Foreign Assets and Real Exchange Rates
by Philip R. Lane
Monetary Policy in the Open Economy Revisited: Price Setting and Exchange Rate Flexibility
by Michael B. Devereux and Charles Engel
On the Fundamentals of Self-Fulfilling Speculative Attacks
by Craig Burnside, Martin Eichenbaum and Sérgio Rebelo