Programme 12th EABCN Workshop: International Business Cycle - Linkages, Differences and Implications

                                                                    

12th EABCN Workshop

International Business Cycle - Linkages, Differences and Implications

Hosted by
Magyar Nemzeti Bank
 
Sponsored by
Euro Area Business Cycle Network
 

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

Banks and the Domestic and International Propogation of Macroeconomic and Financial Shocks
*Zeno Enders (University of Bonn)
Robert Kollman (ECARES, Université Libre de Bruxelles and CEPR)
Gernot J. Müller (University of Bonn and CEPR)

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 Board of San Francisco)
Andrew Rose (University of California, Berkeley)

Discussant: Domenico Giannone (Université Libre de Bruxelles)

11.40-12.20

12.20-13.00

The Impact of the Global Financial Crisis on Business Cyles in Asian Emerging Economies
Ivana Batorova (Comenius University)
Iikka Korhonen (Bank of Finland)
*Jarko Fidrmuc (Oesterreichische Nationalbank)

Discussant: Nicolas Coeurdacier (London Business School)

Deconstructing the International Business Cycle
*Tamim Bayoumi (IMF)
Trng Bui (IMF)
Sam Ouliaris (IMF)
Discussant: Sandra Eickmeier (Deutsche Bundesbank)

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: Miklós Koren (Central European University and CEPR)

15.10- 15.50

Openness to Trade and Supply-Chain Diversification
*Francesco Caselli (London School of Economics and CEPR)

Discussant: Galo Nuño (Banco de España and Universidad de Comillas)

15.30-16.20 Coffee Break

Session 4

 

16.20-17.00

Business cycles in the Mediterranean basin: similarities, convergance, spillovers
*Fabio Canova (UPF and CEPR)

Discussant: Livio Stracca (ECB)

17.00-17.40

Business Cycles Around the Globe: A Regime Switching Approach
*Sumru 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

Measuring Business Cycles by Saving for a Rainy Day
*Mario Crucini (Vanderbilt University and NBER)
Mototsugu Shintani (Vanderbilt University)

Discussant: Simon Price (Bank of England)

09.45-10.30

10.30-11.00

International Business Cycle Spillovers
Kamil Yillmaz (Koç University)

Discussant: Julia Giese (Bank of England)

Coffee Break

Session 6

 

11.00-11.40

What Determines Government Spending Multipliers?
*Giancarlo Corsetti (EUI, University of Rome III and CEPR)
André Meier (IMF)
Gernot J. Müller (University of Bonn and CEPR)

Discussant: Andrew Mountford (Royal Holloway College)

11.40-12.20

Financial Innovation, the Discovery of Risk, and the 2008 Credit Crisis
Emine Boz (IMF)
*Enrique Mendoza (University of Maryland)

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

12.20-13.00



Financial frictions, financial integration and the international propogation of shocks
Luca Dedola (ECB and CEPR)
*Giovanni Lombardo (ECB)

Discussant: Syliva Kaufmann (Oesterreichische 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)
Attila Rátfai (Central European University)

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.

Organisers:

Andrew Scott (London Business School and CEPR)
Akos Valentinyi (Magyar Nemzeti Bank and CEPR)