The 6th International Macroeconomics and Finance Conference

“International Financial System in a Time of Turmoil”

On-line on May 1-2, 2021 (Japan Standard Time, GMT +9)

Keio University

May 1

Keynote Speech

Chair: Michael Devereux (UBC, CEPR, and NBER)

10:00-11:00 “Fiscal Cyclicality and Market Incompleteness”

                          Carlos Vegh (Johns Hopkins and NBER)

11:00-11:10      Break

Session 1

Chair: Dave Cook (HKUST)

11:10-11:50   "Imperfect Exchange Rate Expectations"

Pierre de Leo (Maryland)

11:50-12:30 "Scrambling for Dollars: International Liquidity, Banks and Exchange Rates"

Charles Engel (Wisconsin, CEPR, and NBER)

12:30-12:40         Break

Session 2

Chair: Jinill Kim (Korea University)

12:40-13:20         "Exchange Rate Disconnect and the General Equilibrium Puzzle"

Yu-Chin Chen (Washington)

13:20-14:00         "Sudden Stops and Optimal Foreign Exchange Intervention"

Michael Devereux (UBC, CEPR, and NBER)

14:00-14:10         Break

Session 3

Chair: Ippei Fujiwara (Keio, ANU and CEPR)

14:10-14:50         “Redistribution and the Monetary-Fiscal Policy Mix"

Saroj Bhattarai (UT Austin)

14:50-15:30         "Monetary Policy with Reserves and CBDC: Optimality, Equivalence, and Politics"

Dirk Niepelt (Bern and CEPR)

May 2

Session 4

Chair: Kwanho Shin (Korea University)

10:00-10:40        "An Event Study of COVID-19 Central Bank Quantitative Easing in Advanced and Emerging Economies" Alessandro Rebucci (Johns Hopkins, CEPR, and NBER)

10:40-11:20         "External Balance Sheets and the COVID-19 Crisis" 

Galina Hale (UCSC and CEPR)

11:20-11:30        Break

Session 5

Chair: Ippei Fujiwara (Keio, ANU, and CEPR)

11:30-12:10         "A Portfolio Approach to Global Imbalances"

Zhengyang Jiang (Northwestern)

12:10-12:50         "The Anatomy of the Consumption Response to a Household Foreign Currency Debt Crisis"

Emil Verner (MIT)

Co-organizers: 

David Cook (HKUST)

Michael Devereux (University of British Columbia, CEPR, and NBER)

Ippei Fujiwara (Keio University, ANU, and CEPR)

Jinill Kim (Korea University)

Kwanho Shin (Korea University)