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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
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Monday 28 June
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08.30 - 08.45
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Registration and Coffee
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08.45-09.00
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Introductory remarks
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Session 1:
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09.00-09.45
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Financial Innovation, the Discovery of Risk, and the 2008 Credit Crisis
Emine Boz (IMF)
*Enrique Mendoza (University of Maryland)
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Discussant:
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Andrew Scott (London Business School and CEPR)
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09.45-10.30
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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)
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Discussant:
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Frank Smets (ECB and CEPR)
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10.30-11.00
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Coffee Break
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| Session 2: |
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11.00-11.40
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Cross Country Causes and Consequences of the 2008 Crisis: Early Warnings
*Mark Spiegel (Federal Reserve San Francisco)
Andrew Rose (U.C. Berkeley)
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Discussant:
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Domenico Giannone (Université Libre de Bruxelles)
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11.40-12.20
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The Impact of the Global Financial Crisis on Business Cycles in Asian Emerging Economies
*Iikka Korhonen (Bank of Finland)
Jarko Fidrmuc (Oesterreichische Nationalbank)
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Discussant:
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Nicolas Coeurdacier (London Business School)
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12.20-13.00
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International Business Cycle Spillovers
*Kamil Yilmaz (Koc University)
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Discussant:
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Julia Giese (Bank of England)
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13.00 - 14.30
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Lunch
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| Session 3: |
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14.30-15.10
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Technology Shocks: Novel Implications for International Business Cycles
*Andrea Raffo (Federal Reserve Board)
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Discussant:
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Romain Rancière (IMF and CEPR)
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15.10-15.50
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Openness to Trade and Supply-Chain Diversification
*Francesco Caselli (London School of Economics and CEPR)
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Discussant:
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Galo Nuño (Banco de España and Universidad de Comillas)
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15.50-16.20
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Coffee Break
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| Session 4: |
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16.20-17.00
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Business cycles in the Mediterranean basin: similarities, convergence, spillovers
*Fabio Canova (UPF and CEPR)
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Discussant:
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Livio Stracca (ECB)
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17.00-17.40
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Business Cycles Around the Globe: A Regime Switching Approach
*Sumrug Altug (Koç University and CEPR)
Melike Bildirici (Yildiz Technical University)
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Discussant:
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Katrin Assenmacher-Wesche (Swiss National Bank)
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19.30
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Conference Dinner
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Tuesday 29 June
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| Session 5: |
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09.00-09.45
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The International Gravity of National Business Cycles
*Mario Crucini (Vanderbilt University and NBER)
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Discussant:
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Simon Price (Bank of England)
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09.45-10.30
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Deconstructing the International Business Cycle
*Tamim Bayoumi (IMF)
Trng Bui (IMF)
Sam Ouliaris (IMF)
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Discussant:
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Sandra Eickmeier (Deutsche Bundesbank)
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10.30-11.00
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Coffee break
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| Session 6: |
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11.00-11.40
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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)
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Discussant:
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Andrew Mountford (Royal Holloway College)
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11.40-12.20
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Banks and International Business Cycles
*Robert Kollman (ECARES, Université Libre de Bruxelles and CEPR)
Werner Roeger (European Commission)
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Discussant:
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Zeno Enders (University of Bonn)
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12.20-13.00
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Financial frictions, financial integration and the international propagation of shocks
Luca Dedola (ECB and CEPR)
*Giovanni Lombardo (ECB)
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Discussant:
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Sylvia Kaufmann (Öesterreichische Nationalbank)
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13.00-14.00
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Lunch
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| Session 7: |
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14.00-14.45
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Business Cycles around the Globe
*Peter Benczúr (Central European University and Magyar Nemzeti Bank)
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Discussant:
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Deborah Gefang (Lancaster University)
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14.45-15.30
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Medium Term Business Cycles in Developing Countries
*Diego Comin (Harvard Business School)
Norman Loayza (World Bank)
Faroqq Pasha (Boston College)
Luis Serven (World Bank)
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Discussant:
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Akos Valentinyi (Magyar Nemzeti Bank and CEPR)
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15.30
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End of Conference
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* Indicates the presenter.
Speakers have 20 minutes for their presentation, leaving 10 minutes for the designated discussants and 10 minutes for general discussion.
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Organizers:
Andrew Scott (London Business School and CEPR)
Akos Valentinyi (Magyar Nemzeti Bank and CEPR)
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