Conference on Exchange Rates and Prices - Federal Reserve Bank of New York


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CONFERENCE ANNOUNCEMENT AND AGENDA

Conference on Exchange Rates and Prices

December 6-7, 2007

The Federal Reserve Bank of New York will host the conference "Exchange Rates and Prices" in New York City. Overview The conference will focus on international linkages in prices, with an emphasis on fostering a dialogue between researchers with microeconomic and macroeconomic expertise in this theme. Topics to be covered include the dynamics of exchange rate adjustments, price sensitivities, and implications for real economic adjustment. Conference Location Federal Reserve Bank of New York Executive Dining Room 10th Floor 33 Liberty Street New York, NY 10012 Conference Organizers Linda Goldberg Rebecca Hellerstein

Agenda

Thursday, December 6
Conference presenters, discussants, and panelists are invited to participate in an Officer's Gold Vault Tour from 11:30 a.m. to 12:15 p.m. Meet on the 1st Floor, Liberty Street side of building.

12:15 p.m.	Registration and Lunch 10th Floor Northwest Conference Room

12:45 p.m.	Welcoming Remarks

Session 1	*Chairperson: Linda Goldberg, Federal Reserve Bank of New York*

1:00 p.m.	Pass-Through of Exchange Rates and Competition between Mexico and China

	Robert Feenstra, University of California at Davis: Presentation Discussants: Steve Kamin, Board of Governors of the Federal Reserve System: Comments; Presentation Tim Kehoe, University of Minnesota, Discussion

2:00 p.m.	Lumpy Trade and Large Devaluations

	George Alessandria, Federal Reserve Bank of Philadelphia: Presentation Discussants: Donald Davis, Columbia University: Comments Sylvain Leduc, Board of Governors of the Federal Reserve System

3:00 p.m.	Refreshments 10th Floor Northwest Conference Room

3:30 p.m.	Microeconomic Sources of Real Exchange Rate Variability Mario Crucini, Vanderbilt University: Presentation

	Discussants: Reuven Glick, Federal Reserve Bank of San Francisco Morten Ravn, European University Institute

4:45 p.m.	Keynote Address Exchange Rates and Prices: A Tale of Two Dollar Plunges Paul Krugman, Princeton University

5:45 p.m.	Reception and Dinner 1st Floor Liberty Room

Friday, December 7

Session 2	Chairperson: Rebecca Hellerstein, Federal Reserve Bank of New York

8:00 a.m.	Continental Breakfast 10th Floor Northwest Conference Room

9:00 a.m.	Currency Choice and Exchange Rate Pass-Through Gita Gopinath, Harvard University: Presentation

	Discussants: Penny Goldberg, Princeton University Virgiliu Midrigan, New York University

10:00 a.m.	Border Prices and Retail Prices John Rogers, Board of Governors of the Federal Reserve System: Presentation

	Discussants: Ariel Burstein, University of California at Los Angeles Linda Goldberg, Federal Reserve Bank of New York: Discussion

11:00 a.m.	Refreshments 10th Floor Northwest Conference Room

Session 3	Chairperson: Paolo Pesenti, Federal Reserve Bank of New York

11:30 a.m.	Accounting for Incomplete Pass-Through Emi Nakamura, Columbia University and Federal Reserve Bank of New York: Presentation Discussants: Rebecca Hellerstein, Federal Reserve Bank of New York: Discussion Martin Uribe, Duke University: Discussion

12:30 p.m.	Lunch 1st Floor Liberty Room

2:00 p.m.	Incomplete Pass-Through under Deep Habits Stephanie Schmitt-Grohe, Duke University: Presentation Discussants: Gianluca Benigno, London School of Economics and Federal Reserve Bank of New York: Discussion Jaime Marquez, Board of Governors of the Federal Reserve System: Comments

3:00 p.m.	Refreshments 10th Floor Northwest Conference Room

Session 4	Chairperson: Linda Goldberg, Federal Reserve Bank of New York

	Panel on Pricing, the Current Account, and Policy Panelists: Jonathan Eaton, New York University: Tables Charles Engel, University of Wisconsin at Madison: Discussion Takatoshi Ito, University of Tokyo: Discussion