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Challenges in Open-Economy Macroeconomics after the Financial Crisis

The Federal Reserve Bank of St. Louis will host a workshop on June 13, 2011 on "Challenges in Open-Economy Macroeconomics after the Financial Crisis." The organizers are Charles Engel (, Silvio Contessi (, and Luciana Juvenal (

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Monday, June 13, 2011

"Trade Adjustment and Productivity in Large Crises"
Gita Gopinath, Harvard University (with Brent Neiman)
Discussant: George Alessandria (Federal Reserve Bank of Philadelphia)

"Explaining Sudden Spikes in Global Risk"
Eric Van Wincoop, University of Virginia (with Philippe Bacchetta)
Discussant: YiLi Chien (Purdue University)

"Financial Innovation, the Discovery of Risk and the U.S. Credit Crisis"
Enrique Mendoza, University of Maryland College Park (with Emine Boz)
Discussant: Andrea Ferrero (Federal Reserve Bank of New York)

"How Do Regional Cycles Evolve?"
Chris Otrok University of Missouri-Columbia (with Ayhan Kose and Hideaki Hirata)
Discussant: Sebnem Kalemi-Ozcan (University of Houston)

"International Recessions"
Fabrizio Perri, University of Minnesota (with Vincenzo Quadrini)
Discussant: Jean Imbs (Paris School of Economics)

"News and sovereign default risk in small open economies"
Bora Durdu, Board of Governors (with Ricardo Nunes and Horacio Sapriza)
Discussant: Jian Wang (Federal Reserve Bank of Dallas)

"Estimating Trade Elasticities: Demand Composition and the Trade Collapse of 2008-09"
Fabio Ghironi, Boston College (with Matthieu Bussiere, Giovanni Callegari, Giulia Sestieri and Norihiko Yamano)
Discussant: Kathryn Russ (University of California Davis)


The workshop is not open to the public. To request to attend the workshop, or for information about the conference or help with hotel reservations, please contact LaTanya Johnson ( Travel expenses of presenting authors and discussants will be reimbursed.