Navigation Path: Home > Events > Conferences & seminars > Exchange rate determinants and economic impacts
| 09:15 | Welcome address O. Issing (European Central Bank, Executive Board Member), J. Murray (Bank of Canada, Advisor to the Governor) |
| Session 1: Exchange rates and short term dynamics Chair: R. Lafrance (Bank of Canada) |
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| 9:45 | M. Evans( 1 ) (Georgetown University and NBER), R. Lyons (U.C. Berkeley and NBER) Exchange rate fundamentals and order flow: pdf 361 kB, en Discussant: M. Moore (Queens University) |
| 10:45 | Coffee break |
| 11:00 | P. Bacchetta( 1 ) (Study Center Gerzensee, University of Lausanne , FAME and CEPR), E. van Wincoop ( University of Virginia , NBER) Can Information Heterogeneity Explain the Exchange Rate Determination Puzzle? pdf 391 kB, en Discussant: G. Corsetti (European University Institute) |
| 12:00 | P. Vitale( 1 ) (Università degli Studi G. D'Annunzio and CEPR), F. Breedon ( Tanaka Business School and Imperial College London) An Empirical Study of Portfolio-Balance and Information Effects of Order Flow on Exchange Rates: pdf 320 kB, en Discussant: M. King ( Bank of Canada ) |
| 13:00 | Lunch, foyer CIV, 2nd floor |
| Session 2:
Exchange rates and fundamentals
Chair: S. Makrydakis (European Central Bank) |
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| 14:30 | H. Hau( 1 ) (INSEAD), P. Dunne ( Queens University ), M. Moore ( Queens University ) International order flows: Explaining equity and exchange rate returns: pdf 377 kB, en Discussant: P. Hartmann (European Central Bank) |
| 15:30 | M. Chinn( 1 ) (University of Wisconsin), R. Alquist( 1 ) (University of Michigan) Conventional and unconventional approaches to exchange rate modeling and assessment: pdf 264 kB, en Discussant: P. de Grauwe (Katholieke Universiteit Leuven) |
| 16:30 | Coffee Break |
| 16:45 | L. Sarno( 1 ) (University of Warwick, CEPR), G. Valente (Chinese university of Hong Kong ) Exchange Rates and Fundamentals: Footloose or Evolving Relationship? pdf 237 kB, en Discussant: L. Dedola (European Central Bank) |
| 19:30 | Dinner, Restaurant Maaschanz, Färberstrasse 75 Short address by J. Murray (Bank of Canada) |
| Session 3:
Modelling exchange rates and their economic impacts
Chair: H.-J. Klöckers (European Central Bank) |
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| 9:30 | L. Schembri( 1 ) (Bank of Canada), Jeannine Bailliu (Bank of Canada), Ali Dib (Bank of Canada), Takashi Kano (Bank of Canada) Commodity Currencies, Global Imbalances and Multilateral Adjustment: pdf 853 kB, en Discussant: F. Akram (Norges Bank) |
| 10:30 | C. Osbat( 1 ) (European Central Bank), M. Wagner (Institute for Advanced Studies) Sectoral exchange rate pass-through in the euro area: pdf 686 kB, en Discussant: R. Vigfusson (Federal Reserve Board) |
| 11:30 | Coffee Break |
| 11:45 | L. Goldberg( 1 ) (Federal Reserve Bank of NY and NBER), J. Campa (IESE Business School and CEPR) Distribution margins, imported inputs and the insensitivity of the CPI to exchange rates: pdf 261 kB, en Discussant: J. Bailliu (Bank of Canada) |
| 13:00 | Lunch, CVII, 2nd floor |
| 14:30 | Invited lecture C. Engel( 1 ) (University of Wisconsin), M. Devereaux (UBC) Expectations and exchange rate policy: pdf 266 kB, en |
| 15:15 – 17:00 | Policy panel discussion: Exchange rates and monetary policy in a low inflation environment Policy Panel Moderator: O. Issing (European Central Bank) Composition: T. Macklem (Bank of Canada, Deputy Governor), V. Reinhart (Federal Reserve Board, Director), R. Clarida (Columbia University, Professor of Economics and International Affairs) |
