ECB Workshop on

Exchange rates: a global perspective

10.00 a.m. Registration
10.30 a.m. Welcome remarks
Benoît Coeuré, Member of the Executive Board of the European Central Bank
10.45 a.m. Keynote speech
Real exchange rate adjustment in and out of the Eurozone
Charles Engel, University of Wisconsin
11:30 a.m. Coffee break
12:00 a.m. Session 1
Macroeconomic policies and exchange rates

Chair: Klaus Masuch, European Central Bank
  Export dynamics in large devaluations
George Alessandria, Federal Reserve Bank of Philadelphia
Sangeeta Pratap, Hunter College and City University of New York
Vivian Yue, Board of Governors of the Federal Reserve System
Discussant:
Francesco Pappadà, University of Lausanne
12.50 a.m. Buffet lunch
2.00 p.m. Importers, exporters, and exchange rate disconnect
Mary Amiti, Federal Reserve Bank of New York
Oleg Itskhoki, Princeton University
Jozef Konings, University of Leuven
Discussant: Philippe Martin, Sciences Po
2.50 p.m. International debt deleveraging
Luca Fornaro, London School of Economics
Discussant: Paraskevi Pappa, European University Institute
3.40 p.m. Coffee break
4.10 p.m. Session 2
Exchange rate markets

Chair: Philipp Hartmann, European Central Bank
  The share of systematic variation in bilateral exchange rates
Adrien Verdelhan, Massachusetts Institute of Technology
Discussant: Barbara Rossi, Universitat Pompeu Fabra
5.00 p.m. Currency risk premia and macro fundamentals
Lukas Menkhoff, Kiel Institute for the World Economy
Lucio Sarno and Maik Schmeling, Cass Business School
Andreas Schrimpf, Bank for International Settlements
Discussant: Christiane Baumeister, Bank of Canada
5.50 p.m. End of first day
7.30 p.m. Dinner (by invitation only)
Restaurant Emma Metzler
9.30 a.m. Session 3
Exchange rates and the international environment

Chair: Frank Moss, European Central Bank
  Optimal exchange rate policy in a growing semi-open economy
Philippe Bacchetta and Kenza Benhima, University of Lausanne
Yannick Kalantzis, Banque de France
Discussant: Giovanni Lombardo, European Central Bank
10.30 a.m. Has the dollar always dominated global oil markets? Evidence and implications for the international monetary system
Livia Chitu and Arnaud Mehl, European Central Bank
Barry Eichengreen, University of California, Berkeley
Discussant: Richard Friberg, Stockholm School of Economics
11.10 a.m. Coffee break
  Endogenous trade participation with incomplete exchange rate pass-through
Yuko Imura, Bank of Canada
Discussant: Paolo Pesenti, Federal Reserve Bank of New York
12.30 a.m. Buffet lunch
2.00 p.m. End of workshop
Workshop dates 27 and 28 June 2013
Workshop venue European Central Bank
Eurotower, Conference room CV
Kaiserstrasse 29
60311 Frankfurt am Main
Tel.: +49 (0) 69 1344 0
Fax: +49 (0) 69 1344 6000
E-mail: E-mail: info@ecb.europa.eu
Workshop language English
Programme The workshop programme may be subject to change without notice.
Dinner Restaurant Emma Metzler
Schaumainkai 17
60594 Frankfurt am Main
Tel.: +49 (0) 69 6199 5906
Fax: +49 (0) 69 6199 5909
Organisers

European Central Bank
DG Research, DG International & European Relations, DG Economics
Luca Dedola, Maurizio Habib, Chiara Osbat, Roland Straub
Tel.: +49 (0) 69 1344 5310
E-mail: international.secretariat@ecb.europa.eu

Bank of Canada
International Economic Analysis
Christiane Baumeister
Tel.: +1 (613) 782-7353
E-mail: cbaumeister@bankofcanada.ca

Contacts

Alexandra Kroppenstedt
European Central Bank
DG Communications & Language Services
Publishing, Events & Protocol Division
Tel.: +49 (0) 69 1344 7456
E-mail: evp-events@ecb.europa.eu

Cristina Rico, Jasmine Heil
European Central Bank
DG International & European Relations
International Policy Analysis Division
Tel.: +49 (0) 69 1344 5310
E-mail: international.secretariat@ecb.europa.eu

Website http://www.ecb.europa.eu