Continental
BreakfastCenter for World Affairs and the Global Economy
European Union Center of Excellence
Robert M. La Follette School of Public Affairs
CURRENT ACCOUNT SUSTAINABILITY IN MAJOR ADVANCED ECONOMIES
Menzie Chinn and Charles Engel, Organizers
April 28-29, 2006
University of Wisconsin
Madison, Wisconsin
PRELIMINARY PROGRAM
FRIDAY, APRIL 28:
8:30 AM
Continental
Breakfast
9:00
AM
Welcome
9:10 AM
STEVE
KAMIN, Federal Reserve Board
Explaining
the Global Pattern of Current Account Imbalances (co-authored with Joseph
Gruber, Federal Reserve Board)
Discussant:
MARK P. TAYLOR, University of Warwick.
10:25 AM
Break
10:45 AM
JAEWOO
LEE, IMF
Three
Current Account Balances: A “Semi-Structuralist” Interpretation
(co-authored with
Menzie
Chinn, University of Wisconsin)
Click here for Powerpoint slides of paper presentation.
Discussant:
KENNETH WEST, University of Wisconsin.
12:00 PM
Lunch
Remarks by MICHAEL KNETTER, Dean of the School of Business, University of Wisconsin
1:15 PM
CHRISTOPHER
ERCEG, Federal Reserve Board
Trade
Adjustment and the Composition of Trade
(co-authored with Luca Guerrieri and Christopher
Gust,
Federal Reserve Board)
Click here for PDF slides of paper presentation.
Discussant:
NELSON MARK, University of Notre Dame.
Click
here for Powerpoint slides of discussion.
2:30 PM
GIANCARLO
CORSETTI, European University Institute and University of Rome III
Twin
Deficits: Squaring Theory, Evidence and Common Sense (co-authored with
GERNOT MÜLLER, Goethe University Frankfurt)
Discussant:
FRANK WARNOCK,
Darden School, University of Virginia.
Click
here for Powerpoint slides of discussion.
3:45 PM
Break
4:15 PM
CEDRIC
TILLE, Federal Reserve Bank of New York
Could
Capital Gains Smooth a Current Account Rebalancing?
(co-authored with
MICHELE CAVALLO, Federal Reserve Bank of San Francisco)
Discussant:
AKITO MATSUMOTO, IMF. Click
here for Powerpoint slides of discussion.
5:30 PM
Adjourn
7:30 PM
Dinner
SATURDAY, APRIL 29:
8:30 AM
Continental
Breakfast
9:00 AM
GIAN
MARIA MILESI-FERRETTI, IMF
The
External Wealth of Nations Mark II: Revised and Extended Estimates of Foreign
Assets and Liabilities, 1970-2004
(co-authored with
PHILIP LANE, Trinity College Dublin
Click here for Powerpoint slides of paper presentation.
Discussant:
MANUELA GORETTI, Warwick University.
Click
here for Powerpoint slides of discussion.
10:15 AM
Break
10:30 AM
MARCEL
FRATZSCHER,
European Central Bank
Productivity
Shocks, Budget Deficits and the Current Account (co-authored with Matthieu
Bussière,
ECB, and
GERNOT MÜLLER, Goethe University Frankfurt
Discussant:
JOHN H. ROGERS, Federal Reserve Board.
Click
here
for Powerpoint slides of discussion.
11:45 AM
ALESSANDRO
REBUCCI, IMF
The
Valuation Channel of External Adjustment (co-authored with Fabio Ghironi,
Boston College, and Jaewoo Lee, IMF)
Click here for PDF slides of paper presentation.
Discussant:
PHILIP
LANE, Trinity College
Dublin.
1:00 PM
Lunch and adjourn