CESifo Area Conferences

Macro, Money & International Finance

CESifo Conference Centre, Munich

11-12 May 2001

Programme
Friday, 11 May 2001
	Session 1
09:15 - 09:30	Welcome & Introduction
09:30 - 10:30	ANTON MUSCATELLI, University of Glasgow, "Inflation Targets, Central Bank Reform and Interest Rate Policy in the OECD countries". Discussant: Helge Berger, CESifo.
10:30 - 11:30	CARSTEN HEFEKER, University of Basel and Helge Berger, "Optimal Central Bank Conservatism and Monopoly Trade Unions". Discussant: Joseph Plasmans, University of Antwerp.
11:30 - 12:00	Coffee Break
	Session 2
12:00 - 13:00	JAN-EGBERT STURM, University of Groningen and Jakob de Haan, "Central Bank Independence and Inflation in Developing Countries". Discussant: Robert Chirinko, Emory University.
13:00 - 14:15	Lunch
	Session 3
14:15 - 15:15	STEINAR HOLDEN, University of Oslo "Monetary Policy and Nominal Rigidities under Low Inflation". Discussant: Daniel Gros, Centre for European Policy Studies.
15:15 - 16:15	JOSEPH PLASMANS, University of Antwerp and Bas van Aarle, "Monetary and Fiscal Policy Interaction in EMU: A Dynamic Game Approach". Discussant: Helmut Frisch, TU Vienna
16:15 - 16:45	Coffee Break
	Session 4
16:45 - 17:45	MICHAEL FUNKE, University of Hamburg, "Macroeconomic Shocks in Euroland vs the UK: Supply, Demand or Nominal?" Discussant: Frank Westermann, CES, Munich.
17:45 - 18:45	WOLF WAGNER, Tel Aviv University and Sylvester Eijfinger, "The Feasible Gains from International Risk Sharing". Discussant: Ronald MacDonald, University of Strathclyde.
Saturday, 12 May 2001
	Session 5
09:30 - 10:30	GIANCARLO GANDOLFO, University of Rome "Endogenous Growth in an Open Economy and the Real Exchange Rate". Discussant: Steinar Holden, University of Oslo.
10:30 - 11:30	JEROME STEIN, Brown University, "Equilibrium Value of the Euro/$ Exchange Rate". Discussant: Thorvaldur Gylfason, University of Iceland.
11:30 - 12:00	Coffee Break
	Session 6
12:00 - 13:00	HANS-WERNER SINN, CESifo, and Frank Westermann "Why has the Euro Been Falling? An Investigation into the Determinants of the Exchange Rate": Discussant: Paul De Grauwe, University of Leuven.
13:00 - 14:15	Lunch
	Session 7
14:15 - 15:15	RONALD MacDONALD, University of Strathclyde, "PPP and the Balassa Samuelson effect: the Role of the Distribution Sector". Discussant: Jerome Stein, Brown University.
15:15 - 16:15	YIN-WONG CHEUNG, University of California, "A Reappraisal of the Excess Volatility of Cross Border Relative Prices". Discussant: Jan-Egbert Sturm, University of Groningen.
16:15 - 16:45	Coffee Break
	Session 8
16:45 - 17:45	HANS GERSBACH, University of Heidelberg, "The Dynamics of Deposit Insurance and the Consumption Trap". Discussant: Anton Muscatelli, University of Glasgow.
17:45 - 18:30	General discussion time
19:00	Conference Dinner - Chinesischer Turm

Macro, Money & International Finance

Programme