by ClausenCenter | Mar 27, 2020 | News, Pierre-Olivier Gourinchas
Clausen Center Director Pierre-Olivier Gourinchas’s article, “Flatten the Curve of Infection and the Curve of Recession at the Same Time,” has been published in Foreign Affairs. Gourinchas argues that flattening the infection curve inevitably steepens the macroeconomic recession one. But despite this, there are economic policy initiatives that can help contain and shorten the looming recession. If policymakers take bold and correctly timed action, they can flatten both curves to minimize harm.
> Read the article
by ClausenCenter | Mar 17, 2020 | News, Pierre-Olivier Gourinchas
Clausen Center faculty director Pierre-Olivier Gourinchas was interviewed for NPR’s March 16, 2020, edition of The Indicator from Planet Money podcast. During the interview, he spoke about the importance of personal and business networks in the economy, how government needs to step in to ensure they are preserved, and the irreversible damage that could be done if they are not.
> Listen to the podcast
by ClausenCenter | Mar 16, 2020 | News, Pierre-Olivier Gourinchas
Clausen Center faculty director Pierre-Olivier Gourinchas has written a paper exploring how public health efforts to flatten the outbreak curve for the COVID-19 coronavirus inevitably steepens the macroeconomic recession curve. The pandemic has the potential to wreak economic havoc, but macroeconomic support can lessen the damage.
> Read the full paper
by ClausenCenter | Feb 18, 2020 | Fellowship, News
Clausen Center faculty Benjamin Faber and Cecile Gaubert have been selected as 2020 Sloan Research Fellows in economics. Awarded annually since 1955, the fellowships honor scholars in the U.S. and Canada whose creativity, leadership, and independent research achievements make them some of the most promising researchers working today. You can learn more about the Alfred P. Sloan Foundation and the fellowships on their website.
by ClausenCenter | Jan 5, 2020 | Conferences, Events
FEBRUARY 13-14, 2020
UNIVERSITY OF CALIFORNIA BERKELEY
Program |
Venue |
Transport |
Hotel |
Contact |
UC Berkeley’s Clausen Center for International Business and Policy and the Peterson Institute for International Economics will hold the Conference on Macroeconomic Implications of Trade Policies and Trade Shocks at the University of California, Berkeley, on February 13-14, 2020.
This conference aims to update the analytical framework for analyzing trade policies and trade shocks to encompass modern developments in macro modeling and in trade theory. The goal is to encourage research incorporating the most recent advances in both the trade and macro literatures and allow economists to provide quantitative answers to questions about the short- and long-run impacts of trade policies and shocks on the trade balance, employment, real wages, income distribution, growth, and welfare.
The Peterson Institute for International Economics (PIIE) is an independent nonprofit, nonpartisan research organization dedicated to strengthening prosperity and human welfare in the global economy through expert analysis and practical policy solutions. The Institute is committed to rigorous, intellectually open, and in depth study and discussion. It attempts to anticipate emerging issues and present ideas in useful, accessible formats, to inform and shape public debate. Its audience includes government officials and legislators, business and labor leaders, management and staff at international organizations, university-based scholars and their students, experts at other research institutions and nongovernmental organizations, the media, and the public at large.
Please visit our website for information about our senior fellows, their current research, and our outreach programs.
List of participants can be found here.
PROGRAM
Thursday, February 13
| 8:30am-9:00am |
Registration & Breakfast |
| 9:00am-9:15am |
Welcome Remarks
Ann Harrison, Dean, Haas School of Business
University of California, Berkeley |
| 9:15am-10:15am |
“The Impact of the 2018-19 Trade War on U.S. Prices and Welfare”
Stephen Redding (Princeton University)Click here for Slides |
| 10:15am-10:45am |
Break |
| 10:45am-11:45am |
“Does Trade Policy Uncertainty Affect Global Economic Activity?”
Presenter: Andrea Raffo (Federal Reserve Board)
Click here for Slides
Discussant: Jan Groen (Federal Reserve Bank, New York)
Click here for Slides
Authors: Dario Caldara (Federal Reserve Board), Matteo Iacoviello (Federal Reserve Board), Patrick Molligo (Federal Reserve Board), Andrea Prestipino (Federal Reserve Board), Andrea Raffo (Federal Reserve Board)
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| 11:45am-12:45pm |
“The Impact of Brexit on UK Firms”
Presenter: Scarlet Chen (Stanford University)
Click here for Slides
Discussant: Thomas Drechsel (University of Maryland)
Click here for SlidesAuthors: Nicholas Bloom (Stanford University), Philip Bunn (Bank of England), Scarlet Chen (Stanford University), Paul Mizen (University of Nottingham), Pawel Smietanka (Bank of England), Gregory Thwaites (London School of Economics) |
| 12:45pm-2:00pm |
Lunch |
| 2:00pm-3:00pm |
“Trade Shocks and Credit Reallocation“
Presenter: Fadi Hassan (Bank of Italy)
Click here for Slides
Discussant: Katheryn Russ (University of California, Davis)
Click here for Slides
Authors: Fadi Hassan (Bank of Italy), Veronica Rappoport (London School of Economics), Stefano Federico (Bank of Italy) |
| 3:00pm-3:30pm |
Break |
| 3:30pm-4:30pm |
“Modeling Trade Tensions: Different Mechanisms in General Equilibrium“
Presenter: Marika Santoro (International Monetary Fund)
Click here for Slides
Discussant: Sherman Robinson (Peterson Institute)
Click here for Slides
Authors: Benjamin Hunt (International Monetary Fund), Rafael Portillo (International Monetary Fund), Susanna Mursula (International Monetary Fund), Marika Santoro (International Monetary Fund) |
| 4:30pm-5:30pm |
Practitioners Panel:
Speakers:
Torsten Slok (Deutsche Bank)
Click here for Slides
Warwick McKibbin (Australian National University)
Robert Koopman (World Trade Organization)
Beth Anne Wilson (Federal Reserve Board) |
| 6:00pm |
Conference Dinner, Great Hall, Bancroft Hotel
2680 Bancroft Way, Berkeley, CA 94704 |
Friday, February 14
| 9:00am-9:30am |
Breakfast |
| 9:30am-10:30am |
“Globalization, Trade Imbalances, and Labor Market Adjustment”
Presenter: Sharon Traiberman (New York University)
Discussant: Oleg Itskhoki (Princeton University)
Authors: Rafael Dix-Carneiro (Duke University), João Paulo Pessoa (Sao Paulo School of Economics), Ricardo Reyes-Heroles (Federal Reserve Bank), Sharon Traiberman (New York University) |
| 10:30am-11:00am |
Break |
| 11:00am-12:00pm |
“A Global View of Creative Destruction”
Presenter: Ishan Nath (University of Chicago)
Discussant: Ariel Burstein (University of California, Los Angeles)
Authors: Chang-Tai Hsieh (University of Chicago), Peter J. Klenow (Stanford University), Ishan Nath (University of Chicago) |
| 12:00pm-1:30pm |
Lunch |
| 1:30pm-2:30pm |
“Tariffs and the Current Account Deficit”
Author: Guido Lorenzoni (Northwestern University)
Discussant: Ina Simonovska (University of California, Davis) |
| 2:30pm-3:30pm |
“Financial Constraints and Propagation of Shocks in Production Networks”
Presenter: Banu Demir (Bilkent University)
Discussant: Federico Huneeus (Yale University)
Authors: Beata Javorcik (University of Oxford), Banu Demir (Bilkent University), Thomasz K. Michalski (HEC Paris), Evren Ors (HEC Paris) |
| 3:30pm-4:00pm |
Break |
| 4:00pm-5:00pm |
Conference Overview Panel:
Speakers:
Olivier Blanchard (Peterson Institute for International Economics)
Marcus Noland (Peterson Institute for International Economics)
Maurice Obstfeld (University of California, Berkeley) |
Venue
All sessions will be held at:
Chou Hall
Spieker Forum (6th Floor)
Cheit Ln, Berkeley, CA 94720
Parking and Transportation
Parking
Parking Passes for participants can be reserved in advance. Contact econevents@berkeley.edu to request a permit.
Visitor Parking Map
Transportation
The Hotel Shattuck Plaza is located 1/2 block from the metro BART train (downtown Berkeley station), which is usually the fastest and most convenient transport option from the Oakland and SFO airports.
For additional transportation options, please visit Bart.gov or 511.org
Accommodation
Hotel Shattuck Plaza, Berkeley, CA
Accommodation will be provided for out-of-town attendees. Please indicate if lodging is desired when completing your registration form and a reservation will be made on your behalf. We strongly recommend that attendees register as soon as possible.
Hotel confirmations will be sent out by January 31, 2020.
Contact
Marcus Noland, mnoland@piie.com
Executive Vice President and Director of Studies, Peterson Institute for International Economics
Maurice Obstfeld, obstfeld@berkeley.edu; mobstfeld@piie.com
Professor of Economics, University of California, Berkeley
Andrés Rodríguez-Clare, arc@berkeley.edu
Professor of Economics, University of California, Berkeley
For questions regarding logistics, please contact econevent@berkeley.edu
