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12th EABCN Workshop: 'International Business Cycle – Linkages, Differences and Implications' June 28-29, 2010

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Printable version of the programme (May 21 version) 

12th EABCN Workshop

International Business Cycle – Linkages, Differences and Implications

Hosted by Magyar Nemzeti Bank

Sponsored by Euro Area Business Cycle Network (www.eabcn.org)

Budapest; 28-29 June 2010

Programme 

Monday 28 June

08.30 - 08.45

Registration and Coffee 

08.45-09.00

Introductory remarks 

Session 1:

09.00-09.45

Financial Innovation, the Discovery of Risk, and the 2008 Credit Crisis

Emine Boz (IMF)

*Enrique Mendoza (University of Maryland)

Discussant:           

Andrew Scott (London Business School and CEPR) 

09.45-10.30

The Effects of Foreign Shocks when Interest Rates are at Zero

*Martin Bodenstein (Federal reserve Board)

Christopher J. Erceg (Federal Reserve Board)

Luca Guerrieri (Federal Reserve Board)

Discussant:

Frank Smets (ECB and CEPR)  

10.30-11.00           

Coffee Break 

Session 2:

11.00-11.40

Cross Country Causes and Consequences of the 2008 Crisis: Early Warnings

*Mark Spiegel (Federal Reserve San Francisco)

Andrew Rose (U.C. Berkeley)

Discussant:

Domenico Giannone (Université Libre de Bruxelles) 

11.40-12.20

The Impact of the Global Financial Crisis on Business Cycles in Asian Emerging Economies

*Iikka Korhonen (Bank of Finland)

Jarko Fidrmuc (Oesterreichische Nationalbank)

Discussant:

Nicolas Coeurdacier (London Business School)

12.20-13.00

International Business Cycle Spillovers

*Kamil Yilmaz (Koc University)

Discussant:

Julia Giese (Bank of England)

13.00 - 14.30

Lunch
Session 3:

14.30-15.10

Technology Shocks: Novel Implications for International Business Cycles

*Andrea Raffo (Federal Reserve Board)

Discussant:

Romain Ranciere (IMF and CEPR)

15.10-15.50

Openness to Trade and Supply-Chain Diversification

*Francesco Caselli (London School of Economics and CEPR)

Discussant:

Galo Nuno (Banco de Espana and Universidad de Comillas)

15.50-16.20

 Coffee Break

Session 4:

16.20-17.00

Business cycles in the Mediterranean basin: similarities, convergence, spillovers

*Fabio Canova (UPF and CEPR)

Discussant:

Livio Stracca (ECB)  

17.00-17.40

Business Cycles Around the Globe: A Regime Switching Approach

*Sumrug Altug (Koç University and CEPR)

Melike Bildirici (Yildiz Technical University) 

Discussant:

Katrin Assenmacher-Wesche (Swiss National Bank) 

19.30

Conference Dinner

Tuesday 29 June

Session 5:

09.00-09.45

The International Gravity of National Business Cycles

*Mario Crucini (Vanderbilt University and NBER)

Discussant:           

 Simon Price (Bank of England) 

09.45-10.30

Deconstructing the International Business Cycle

*Tamim Bayoumi (IMF)

Trng Bui (IMF)

Sam Ouliaris (IMF)

Discussant:

Sandra Eickmeier (Deutsche Bundesbank)

10.30-11.00

Coffee break

Session 6:

11.00-11.40

When, Where and How Does Government Spending Matter?

*Giancarlo Corsetti (EUI, University of Rome III and CEPR)

Andre Meier (IMF)

Gernot J. Müller (University of Bonn and CEPR)

Discussant:

Andrew Mountford (Royal Holloway College)  

11.40-12.20

Banks and International Business Cycles

*Robert Kollman (ECARES, Université Libre de Bruxelles and CEPR)

Werner Roeger (European Commission) 

Discussant:

Zeno Enders (University of Bonn) 

12.20-13.00

Financial frictions, financial integration and the international propagation of shocks

Luca Dedola (ECB and CEPR)

*Giovanni Lombardo (ECB) 

Discussant:

Sylvia Kaufmann (Öesterreichische Nationalbank)

13.00-14.00

Lunch  
Session 7:

14.00-14.45

Business Cycles around the Globe

*Peter Benczúr (Central European University and Magyar Nemzeti Bank)

Discussant:

Deborah Gefang (Lancaster University)

14.45-15.30

Medium Term Business Cycles in Developing Countries

*Diego Comin (Harvard Business School)

Norman Loayza (World Bank)

Faroqq Pasha (Boston College)

Luis Serven (World Bank)

Discussant:

Akos Valentinyi (Magyar Nemzeti Bank and CEPR)

15.30

End of Conference

* Indicates the presenter.

Speakers have 20 minutes for their presentation, leaving 10 minutes for the designated discussants and 10 minutes for general discussion. 

Organizers:

Andrew Scott (London Business School and CEPR)

Akos Valentinyi (Magyar Nemzeti Bank and CEPR)

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September 29-30 2005, 4th Macroeconomic Policy Research Workshop
October 3, 2002: Conference on Nominal and Real Convergence of Accession Countries
October 4-5, 2002: 1st Workshop on Macroeconomic Policy Research
January 19, 2007 Conference on Inflation Targeting
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October 26-27, 2006: 5th Macroeconomic Policy Research Workshop on Micro Behavior and Monetary Policy
7th Macroeconomic Policy Research Workshop on Productivity, Trade and Development - October 30-31, 2008
October 2-3, 2003: 2nd Workshop on Macroeconomic Policy Research
October 29-30 2004, 3rd Macroeconomic Policy Research Workshop
11th Macroeconomic Policy Research Workshop on: 'Microeconomic behavior and its macro- economic implications during the financial crisis' - September 6-7, 2012
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February 27-28, 2003: Monetary Strategies for Accession Countries
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November 29-30, 2007: 6th Macroeconomic Policy Research Workshop on Labor markets, wage behavior and inflation dynamics
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