ISOM is an annual joint initiative of the National Bureau of Economic Research (NBER) and the European Economic Association (EEA). CREI acted as the host institution in ISOM's 26th edition, which was held in the UPF campus. The Program was prepared by Zvi Eckstein and Kenneth West, with Jeffrey Frankel and Francesco Giavazzi acting as co-chairs. Jordi Gali was the local coordinator.
The main objective of the ISOM is to provide a forum to discuss recent developments in the field of macroeconomic analysis. This year's program contained papers on economic geography, technology and business cycles, monetary policy and learning, aggregate investment, the influence of the policital cycle on budget policy, and risk-sharing by consumers, among others.
NATIONAL BUREAU OF ECONOMIC RESEARCH, INC.
International Seminar on Macroeconomics
Zvi Eckstein and Kenneth West, Organizers
Jeffrey Frankel and Francesco Giavazzi, ISOM Co-Chairs
June 13-14, 2003
CREI
Universitat Pompeu Fabra
Roger de Lluria Building (Room 40.252)
Barcelona, Spain
PROGRAM
FRIDAY, JUNE 13:
10:30 AM
RICHARD BLUNDELL, University College London
LUIGI PISTAFERRI, Stanford University
IAN PRESTON, University College London
Consumption Inequality and Partial Insurance
Discussants: JOHN KENNAN, University of Wisconsin and NBER
JOSE-VICTOR RIOS-RULL, University of Pennsylvania and NBER
11:45 AM
Break
12:00 PM
ANDREAS HORNSTEIN, Federal Reserve Bank of Richmond
PER KRUSELL, University of Rochester and NBER
GIOVANNI VIOLANTE, New York University
The Replacement Problem in Frictional Economies: An Equivalence Result
Discussants: LARS LJUNGQVIST, Stockholm School of Economics
JOEL SHAPIRO, Universitat Pompeu Fabra
1:15 PM
Lunch
2:45 PM
DANNY QUAH, London School of Economics
HELEN SIMPSON, Institute for Fiscal Studies
Discussants: ALBERT MARCET, CREI, Universitat Pompeu Fabra
JAMES STOCK, Harvard University and NBER
4:00 PM
Break
4:15 PM
ADI BRENDER, Bank of Israel
ALLAN DRAZEN, Tel Aviv University and NBER
Where Does the Political Fiscal Cycle Really Come From?
Discussants: ALESSANDRA CASELLA, Columbia University and NBER
KENNETH ROGOFF, International Monetary Fund and NBER
5:30 PM
Break
5:45 PM
KOSUKE AOKI, CREI, Universitat Pompeu Fabra
KALIN NIKOLOV, Bank of England
Rule-Based Monetary Policy under Central Bank Learning
Discussants: FABIO CANOVA, Universitat Pompeu Fabra
V.V. CHARI, University of Minnesota and NBER
7:00 PM
Adjourn
9:00 PM
Dinner
Restaurant Can Sole
Sant Carles, 4-08003 Barcelona
phone 34-93-221-5012
SATURDAY, JUNE 14:
9:00 AM
JAMES STOCK, Harvard University and NBER
MARK WATSON, Princeton University and NBER
Understanding Changes in International Business Cycle Dynamics
Discussants: DENISE OSBORN, University of Manchester
LUCREZIA REICHLIN, Université Libre de Bruxelles
10:15 AM
NEVILLE FRANCIS, Lehigh University
VALERIE RAMEY, UC, San Diego and NBER
The Source of Historical Economic Fluctuations: An Analysis using Long-Run Restrictions
Discussants: SUSANTO BASU, University of Michigan and NBER
HARALD UHLIG, Humboldt University
11:30 AM
Break
11:45 AM
ANDREW ABEL, University of Pennsylvania and NBER
JANICE EBERLY, Northwestern University and NBER
Investment, Valuation, and Growth Options
Discussants: JOHN LEAHY, New York University and NBER
PLUTARCHOS SAKELLARIS, University of Maryland
1:00 PM
Adjourn
2:00 PM
Lunch
Restaurant Posit
Ramon Trias Fargas
2-08005 Barcelona
phone 34-93-224-0088