Taking place today, this is the fifth in the series, with topics this year on exchange rates and monetary policy, macroprudential policy, credit and business cycles (sponsored by UC Santa Cruz Economics, Santa Clara Economics, and Federal Reserve Bank of San Francisco, organization chaired by Helen Popper at SCU and Grace Weishi Gu at UCSC).

The website is here with links to papers, conference agenda here.

Exchange Rates and Monetary Policy, Chair: Grace Gu (UCSC)

9:00 – 9:45
“Currency Manipulation,” Tarek Hassan (U. Chicago), Thomas Mertens (FRB San Francisco), and Tony Zhang (U. Chicago)

Discussant: Romain Ranciere (USC)

9:45 – 10:30

“Should Central Banks Worry about Nonlinearities of their Large-Scale Macroeconomic Models?” Vadym Lepetyuk (Bank of Canada), Lilia Maliar (Stanford), and Serguei Maliar (Santa Clara University)

Discussant: Zheng Liu (FRB San Francisco)

10:30 – 10:45 Break

Macroprudential Interactions, Chair: Fernanda Nechio (FRB San Francisco)

10:45-11:30
“Optimal Macroprudential and Monetary Policy in a Currency Union,” Dmitriy Sergeyev (Bocconi University)

Discussant: Giacomo Candian (HEC Montréal)

11:30 – 12:15
“Managing Capital Flows in the Presence of External Risks in the Presence of External Risks,” Ricardo Reyes-Heroles (Federal Reserve Board) and Gabriel Tenorio (Boston Consulting Group)

Discussant: Sebastian Di Tella (Stanford)

12:15 – 1:45 Lunch

Credit, Chair: Goncalo Pina (SCU)

1:45-2:30
“U.S. Monetary Policy and Emerging Markets Credit Cycles,” Falk Bräuning (FRB Boston), Victoria Ivashina (Harvard)

Discussant: Vincenzo Quadrini (USC)

2:30 – 3:15
“The Pricing of Sovereign Risk under Costly Information,” Grace Gu (UCSC) and Zachary Strangeby (U. Notre Dame)

Discussant: Ric Fernholz, (Claremont-McKenna)

3:15 – 3:30 Break

Business Cycles, Chair: Thuy Lan Nguyen (SCU)

3:30-4:15
“Protectionism and the Business Cycle,” Alessandro Barattieri (Collegio Carlo Alberto), Matteo Cacciatore (HEC Montréal), Fabio Ghironi (University of Washington)

Discussant: Katheryn Russ (UC Davis)

4:15 – 5:00
“Are responses to demand shocks state dependent?” Christoph Boehm (Princeton & UT Austin), Aaron Flaaen (Federal Reserve Board), Nitya Pandalai-Nayar (Princeton & UT Austin)

Discussant: Hikaru Saijo (UCSC)