CREI
Generalitat de Catalunya Universitat Pompeu Fabra

Activities - Conferences

international Seminar on Macroeconomics

NBER/EER/CREI

June 13-14, 2003

     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.


Additional information

Program

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

    Spatial Cluster Empirics


    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

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