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08:00 - 10:00 |
REGISTRATION |
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10:00 - 11:15 |
OPENING PLENARY SESSION |
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The Prospects for Latin America in the 2000's
Stanley Fischer (First Deputy Managing Director, IMF)
Chair: Pedro Malan (Finance Minister, Brazil)
Room: Gávea A |
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11:15 - 11:45 |
COFFEE-BREAK |
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11:45 - 13:15 |
SPECIAL SESSIONS |
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Financial Crises
Chair: afonso bevilaqua (puc-rio)
Discussant: Ricardo Hausmann
(harvard university)
Room: Gávea A |
Graciela Kaminsky (George Washington University),
The Center and
the Periphery: Tales of Financial Turmoil
(Joint with Carmen M. Reinhart)
Guillermo Calvo (University of Maryland), Price
Stickiness, Liability Dollarization and Credibility
Michael Dooley (UC at Santa Cruz), The IMF and the
Private Sector: Friends or Rivals? |
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Two Years of the Brazilian Imf Program
Chair: Márcio Garcia (Puc-Rio)
Room: Gávea B |
Ilan Goldfajn (PUC-Rio and Banco Central do Brasil)
Eduardo Borensztein (IMF)
Eliana Cardoso (Eces–Egyptian
Center for Economic Studies) |
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Technology and Labor Markets
Chair: Naércio Menezes
(Usp)
Room: Leme |
Stephen Machin (UCL),
Skill Biased
Technology Transfer: Evidence Factor Biased Technological
Change in Developing Countries (Joint with Eli
Berman)
John Van Reenen (UCL), Skill Biased Organizational
Change? Evidence from a Panel of British and French
Establishments (Joint with Eve Caroli)
Naércio Menezes (USP), Inequality in Brazil: The Role of
Increasing Demand for Skill |
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New Developments in Applied Theory
Chair: Humberto Moreira
(Puc-Rio)
Room: Ipanema |
Jeffrey Zwiebel (Stanford University),
A Model of Persuasion
- With Implications for Financial Markets (Joint
with Peter DeMarzo and Dimitri Vayanos)
Walter Novaes (Washington University),
Bureaucracy as a
Mecanism to Generate Information (Joint with Luigi
Zingales)
Thierry Verdier (DELTA),
The Internal
Organization of the Firm, Transaction Costs and Macroeconomic
Growth (Joint with David Martimort) |
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13:15 - 14:30 |
LUNCH |
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14:30 - 16:00 |
REGULAR SESSIONS |
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Crime and Violence
Chair: Norman Loayza (Banco Central de Chile)
Room: Gávea A |
Oriana Bandiera (LSE),
Land Reform and the
Origins of the Sicilian Mafia: a Model and a Test
Rodrigo Reis Soares (University of Chicago),
Development, Crime,
and Punishment: Accounting for the International Diferences in
Crime Rates
Pablo Fajnzylber (UFMG),
Crime and
Victimization: an Economic Perspective (Joint with
Norman Loayza and Daniel Lederman) |
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Monetary Policy Rules
Chair: Michael Kumhof
(Stanford University)
Room: Gávea B |
Alexander Hoffmaister (Banco Central de Costa Rica),
Inflation
Targeting in Korea: An Empirical Exploration
Fábio Kanczuk (USP),
Interest Rate
Sustainability Risk (Joint with Michael Akemann)
Luiz Miguel Triveño Chan Jan (Min. of Economy, Peru),
Monetary Rules for Peru
(Joint with Jose Antonio Dorich Doig)
Michael Kumhof (Stanford University),
Inflation Targeting
under Imperfect Credibility |
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Banking
Chair: Giovanni Dell'Ariccia
(Imf)
Room:
Leme |
Tito Cordella (IMF),
Liquidity Management
and Trading in the Interbank Market
(Joint with Haizhou Huang)
Miguel Braun (Harvard University),
The Role of Banks in the
Transmission of Shocks: Micro Evidence from Argentina
1996-1999 (Joint with Eduardo Levy Yeyati )
Robert Marquez (University of Maryland),
Relationship Banking,
Loan Specialization and Competition (Joint with
Robert Hauswald)
Giovanni Dell'Ariccia (IMF),
Flight to
Quality or to Captivity? Information and Credit Allocation
(Joint with Robert Marquez) |
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The Impact of Training Policies in Latin America and the
Caribbean
Chair: James Heckman
(University of Chicago)
discussant: gustavo marquez (iadb)
Room: Ipanema |
Cristián Aedo (ILADES-Georgetown University, Universidad
Alberto Hurtado),
The Impact of Training Policies in
Latin America and the Caribbean: The Case of "Programa Joven"
(Joint with Sergio Nuñez)
Carlos Medina (Universidad de los Andes),
The Impact of Public
Provided Job Training in Colombia (Joint with
Jairo Nuñez and Fábio Sánchez)
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Political Parties and Interest Groups
Chair:
Jorge Streb (Cema)
Room: Vidigal A |
Luis Fernando Medina (Stanford University),
Legislatures vs.
Political Parties: Endogenous Policy with Strategic Voters
Ignacio Ortuño-Ortín (Universidad de Alicante),
Public Funding of
Political Parties
(Joint with Christian Schultz)
Jorge Streb (CEMA),
Signaling in Political
Budget Cycles: Competency or Opportunism? |
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Crises and Recovery
Chair: Daniel Lederman
(World Bank)
Room: Vidigal C |
Gerardo Esquivel (El Colegio de Mexico)
Currency
Crises: Is Central America Different? (Joint with
Felipe Larraín)
Miguel Linartas Messmacher (Banco de Mexico),
Financial
Liability Adjustment of Firms with FDI: The Mexican Case
Before and After the 1994 Crisis
Daniel Lederman (World Bank),
The Recovery of
Mexican Investment after the Tequila Crisis: Basic Economics
or “Confidence” Effects? (Joint with Ana Maria
Menéndez, Guillermo Perry and Joseph Stiglitz) |
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Government and Corruption
Chair: Juan Mendoza
(State University of New York at Buffalo)
Room:
Corcovado |
Rudiger Ahrend (DELTA),
Press Freedom, Human
Capital, and Corruption
José Tavares (Universidade Nova, Lisbon),
Can Openness Deter
Corruption? (Joint with Felipe Larraín)
Juan Mendoza (State University of New York at Buffalo),
The Protection of
Private Property: The Government as a Free-Rider |
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real business cycles and Taxation
Chair: mirta bugarin (unb)
Room: Leblon A |
Francisco J. Ruge-Murcia (Université de Montréal),
Distortionary
Taxation and Labor Supply: Evidence from Canada
(Joint with Emanuela Cardia and Norma Kozhaya)
Raphael Bergoeing (ILADES-Georgetown University, Universidad
Alberto Hurtado),
Testing Real
Business Cycle Models in na Emerging Economy
(Joint withRaimundo Soto)
Mirta N. S. Bugarin (UnB),
Progressive Taxation
and the Real Business Cycle |
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Yield Curve and Spread
Chair: Caio Ibsen Rodrigues de Almeida
(Puc-Rio)
Room:
Leblon B |
Sergey Drobyshevsky (Institute for Economy in Transition,
Moscow),
Monetary Policy and Expectation Hypothesis at the Russian
Treasury Bills Market
Sebastian Schich (OECD), How Stable is the Predictive
Power of the Yield Curve? Evidence from Germany and the United
States (Joint with Arturo Estrella and Anthony
Rodrigues)
Sara Gabriela Castellanos (Banco de México), What is the
Information Content of México's Term Structure of Interest
Rates? (Joint with Eduardo Camero)
Caio Ibsen Rodrigues de Almeida (PUC-Rio),
Credit Spread Arbitrage in
Emerging Eurobond Markets (Joint with Antonio
Marcos Duarte and Cristiano Fernandes) |
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the teaching on poverty and inequality in latin america: where
do we stand?
Chair:
Ariel Fiszbein
(World Bank)
Room:
Lagoa |
Francisco H. G. Ferreira (PUC-Rio)
Carlos Acuña (Universidad de San Andrés)
Osvaldo Larrañaga (Universidad de Chile)
Enrique Vasquez (Universidad del Pacifico)
Monica Gendreau (Universidad Iberoamericana de Puebla) |
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Economic Theory
Chair: Pierre-Yves Geoffard
(Delta)
Room:
São Conrado |
Federico Echenique (UC at Berkeley),
Strategic
Complementarities and Mixed Equilibria
Federico Weinschelbaum (Universidad de San Andrés),
The Threat of
Insurance: A Note on The Principal Agent Robustness
(Joint with Mariano Tommasi)
Pierre-Yves Geoffard (DELTA),
Time
Inconsistencies, Paternalism and Drug Consumption: a Theory of
“Good” Distortions |
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Growth theory and evidence
Chair: João Victor Issler
(Epge-Fgv)
Room: Copacabana |
Patricia M. H. da Silva (UC at Santa Cruz),
International Trade,
Intellectual Property Rights and Economic Growth: A Panel Data
Study of Developed and Developing Countries
Alain Desdoigts (Université d'Evry-Val d'Essonne),
Neoclassical
Convergence Versus Technological Catch-Up: A Contribution for
Reaching a Consensus
Marc-Andreas Muendler (UC at Berkeley),
Trade and Growth
Revisited: Managing to Converge, Agreeing to Diverge
João Victor Issler (EPGE-FGV),
On the Nature of Income
Inequality Across Nations (Joint with Pedro
Cavalcanti Ferreira and Samuel de Abreu Pessôa) |
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16:15 – 17:45 |
SPECIAL SESSIONS |
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Exchange rate regimes in latin america
Chair: Gustavo Franco
(Puc-Rio)
Room:
Gávea A |
Edmar Bacha (BBA)
Vittorio Corbo (PUC-Chile),
Monetary Policy in
Latin America in the 90s (Joint with Andres Elberg
and Jose A. Tessada)
Pablo Guidotti (UTDT) |
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Economic Policy Challenges in the Next Decade: A Panel
Discussion
Chair: Afonso bevilaqua (Puc-Rio)
Room:
Gávea B |
SESSION CANCELLED
Mauricio Cárdenas
(Former
Cabinet Minister, Colombia)
José Márcio Camargo (PUC-Rio)
Carlos Winograd (Min. of Economy, Argentina) |
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Social and Economic Mobility
Chair: Gary Fields
(Cornell University)
Room: Leme |
Roland Bénabou (Princeton University),
Social Mobility and
the Demand for Redistribution: the POUM Hypothesis
(Joint with Efe A. Ok)
Raquel Fernandez (NYU), Inequality and Sorting
Samuel Freije (Cornell University),
Income, Positional and
Poverty Dynamics in Venezuela
Gary Fields (Cornell University),
Does Income Mobility
Equalize Longer-Term Incomes? New Measures of an Old Concept |
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Regional Inequality and Economic Growth
Chair: Carlos Azzoni (Usp)
Room: Ipanema |
Anthony J. Venables (LSE),
Economic Geography
and International Inequality (Joint with Stephen
Redding)
Martin Ravallion (World Bank),
Geographic Poverty
Traps? A Micro Model of Consumption Growth in Rural China
(Joint with Jyotsna Jalan)
Carlos Azzoni (USP), Opening the Convergence Black Box:
Demographic Aspects behind Brazilian Regional
Inequality (Joint with Naércio A. Menezes) |
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17:45 – 18:15 |
COFFEE-BREAK |
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18:15 – 19:45 |
REGULAR SESSIONS |
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Monetary Policy and FERR
Chair: Fábio Ghironi
(Federal Reserve Bank of new york)
Room: Gávea A |
Eduardo Morón (Universidad del Pacífico),
Uncovering Central
Bank's Exchange Rate Market Intervention Policy Objectives:
Going Beyond Fear of Floating (Joint with Juan
Francisco Castro)
Pierre St-Amant (Bank of Canada),
Revisiting the Case
for Flexible Exchange Rates in North America
(Joint with Jason Daw, John Murray and Lawrence Schembri)
Ernesto Stein (IADB),
Why do Countries Float
the Way They Float (Joint with Ricardo Hausmann
and Ugo Panizza).
Fabio Ghironi (Federal Reserve Bank of New York),
Monetary Rules for
Emerging Market Economies (Joint with Alessandro
Rebucci) |
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Safety from Currency Crisis
Chair: Kenneth Kletzer
(UC at Santa Cruz)
Room: Gávea B |
Olivier Jeanne (IMF),
The International
Lender of Last Resort: How Large is Large Enough?
(Joint with Charles Wyplosz)
Enrique Lucio Kawamura (Universidad de San Andrés),
International and
Local Lenders of Last Resort in a Small Open Economy with
Aggregate Risk
Caroline van Rijckeghem (IMF),
Safety from
Currency Crashes (Joint with Kent Osband)
Kenneth M. Kletzer (UC at Santa Cruz),
The Effectiveness of
Self-protection Policies for Safeguarding Emerging Market
Economies from Crises |
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Asset Prices in Emerging Markets
Chair: Marco A. Bonomo
(Epge-Fgv)
Room: leme |
Torbjorn Becker (IMF),
Devaluation
Expectations and the Stock Market: The Case of Mexico in
1994/95 (Joint with Gaston R. Gelos and Anthony J.
Richards)
Gaston R. Gelos (IMF),
A Panic-Prone Pack? The
Behavior of Emerging Market Mutual Funds (Joint
with Eduardo R. Borensztein)
Torsten Slok (IMF),
Do Asset Prices in
Transition Countries Contain Information About Future Economic
Activity? (Joint with Peter Christoffersen)
Marco Antonio Cesar Bonomo (EPGE-FGV),
Brazilian Asset Pricing
Puzzles (Joint with Gabriela Bertol Domingues) |
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Distributional Implications of Macroeconomic and trade
policies
Chair: Nora Lustig
(Iadb)
Room: Ipanema |
Jan Hansen (Humboldt University),
Is Intra-Industrial Trade
to Blame for Rising Inequality?
Damien King (University of West Indies),
The Welfare Effects of
Balance of Payments Reform: A Macro-Micro Simulation with
Application to Jamaica (Joint with Sudhanshu
Handa)
Naércio Menezes (USP), Trade Liberalization or SBTC?
Evidence of Inequality from Mexico and Brazil
(Joint with Liliana Mesa-Gonzáles)
Sergio Urzúa (Universidad de Chile),
Income Distribution in
Chile 1990-1998: Learning from Microeconomic Simulations
(Joint with Tomás Rau, Dante Contreras and David Bravo) |
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Land and Property Rights
Chair: Pedro Olinto
(World Bank)
Room: Vidigal A |
Carmen Diana Deere (University of Massachusetts),
Who Owns The Land?
Gender and Land Titling Programs in Latin America
(Joint with Magdalena Leon)
Jean Lanjouw (Yale University), Untitled:
A Study of Formal and Informal Property Rights in Urban
Ecuador (Joint with Philip I. Levy)
Rodrigo Garcia-Verdu (University of Chicago),
Risk-sharing in
Rural Mexico
Pedro Olinto (World Bank),
Getting Institutions
'Right' for Whom? Credit Constraints and the Impact of
Property Rights on the Quantity and Composition of Investments
(Joint with Michael R. Carter) |
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Core Inflation and NAIRU
Chair:
Paulo Picchetti
(Usp)
Room: Vidigal C |
Antônio Fiorêncio (IBMEC),
Measuring Core Inflation
as The Common Trend of Prices (Joint with Ajax
Moreira)
Elcyon Caiado Rocha Lima (IPEA),
The NAIRU,
Unemployment and the Rate of Inflation in Brazil
Paulo Picchetti (USP),
How Much to Trim? A
Methodology for Calculating Core Inflation, with an
Application for Brazil (Joint with Celso Toledo) |
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Dollarization
Chair:
Pablo Druck
(Universidad del Cema)
Room: Corcovado |
Jorge Eduardo Carrera (UNLP),
How Does Dollarization
Affect Real Volatility and Country Risk? (Joint
with Mariano Feliz and Demian Panigo)
Luis Catão (IMF), Determinants of Dollarization: the
Banking Side (Joint with Marco Terrones)
Pablo Druck (Universidad del CEMA),
The Twin Risks in the
Dollarization Debate: Country and Devaluation Risks
(Joint with Eduardo Morón and Jaime Cardoso) |
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Financial Market Microstructure
Chair: Jordi Prat
(Cornerstone Research and Ucla)
Room: Leblon A |
Andrew Ellul (LSE), As you Like it: An Investigation of
Trading Behaviour and Price Volatility on Auction and
Dealership Market Architectures
Juan-Manuel Renero, Are There Market Fluctuations That
Increase Trade and Welfare?
Jordi Prat (Cornerstone Research and UCLA),
The Effects
of Dual-Listing on Latin American Markets (Joint with
Michael Beauregard) |
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Education
Chair: Pilar Romaguera
(Universidad de Chile)
Room: Leblon B |
Eric Bettinger (MIT), Vouchers for Private Schooling in
Colombia: Evidence from a Randomized Natural Experiment
(Joint with Joshua Angrist, Michael Kremer, Elizabeth King and
Erik Bloom)
Norbert R. Schady (World Bank),
What Education Pays?
Non-Linear Returns to Schooling Among Filipino Men
Miguel Urquiola (World Bank),
Identifying Class Size
Effects in Developing Countries: Evidence from Rural Schools
in Bolivia
Pilar Romaguera (Universidad de Chile),
Determinants of
Student Achievement and School Effects in Bolivia
(Joint with Alejandra Mizala and Teresa Reinaga) |
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Corporate Finance and Banking
Chair:
Alexander Monge Naranjo (Northwestern University)
Room:
lagoa |
Mario Bergara (BC, Uruguay),
Outsourcing in the
Uruguayan Banking Sector: a TCE perspective (Joint
with Hugo Libonatti)
Luis Carranza (BBVA),
Explorations on
Entrepreneurship and Financial Intermediation
(Joint with Jesús Fernandéz-Villaverde and José E.
Galdón-Sánchez)
Esteban Rodrigo Vesperoni (University of Maryland),
Globalization and
Firm's Financing Choices: Evidence from Emerging Economies
(Joint with Sergio Schmukler)
Alexander Monge Naranjo (Northwestern University),
Financial Markets,
Creation and Liquidation of Firms and Aggregate Dynamics |
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Employment and Unemployment
Chair:
Marcello Estevão
(Imf)
Room: São Conrado |
David S. Kaplan (ITAM),
Firm-Wide versus
Establishment-Specific Pay Practices (Joint with
Brooks Pierce)
Dimitri Paolini (Université Catholique de Louvain),
Two Sided Search and
Temporary Employment
Nuria Rodriguez-Planas (Mathematica Policy Research),
Playing Hard to Get: New
Evidence on Layoffs, Recalls, and Unemployment
Marcello Estevão (IMF),
Measuring Temporary
Labor Outsourcing in US Manufacturing (Joint with
Saul Lach) |
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Income and Wealth Dynamics
Chair: Pablo Sanguinetti
(Utdt)
Room: copacabana |
Fernando Aportela (Banco de Mexico),
Effects of
Financial Access on Savings by Low-Income People
Andrea Repetto (Universidad de Chile),
Hyperbolic
Discounting, Wealth Accumulation, and Consumption
(Joint with Marios Angeletos, David Laibson, Jeremy Tobacman
and Stephen Weinberg)
Fernando A. Veloso (IBMEC),
Wealth Composition,
Endogenous Fertility and the Dynamics of Income Inequality
Pablo Sanguinetti (UTDT),
Intergenerational
Altruism: Evidence from Argentina (Joint with
Federico Sturzenegger) |
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FRIDAY, OCTOBER 13 |
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09:00 – 10:15 |
PLENARY SESSIONS |
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Fifty Years of Development: Lessons and Challenges
Nicholas Stern (World Bank)
Chair: Francisco Ferreira (Puc-Rio)
Room: Gávea A |
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The Carlos Diaz Alejandro Memorial Lecture
Arnold Harberger (UCLA)
Where do we go
from here? Some challenges for the 21st century
Chair: Ilan Goldfajn (Puc-Rio and Banco
Central do Brasil)
Room: Gávea B |
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10:15 - 10:45 |
COFFEE-BREAK |
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10:45 – 12:15 |
SPECIAL SESSIONS |
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Lending Booms and Exchange Rate crisis
Chair:
Guillermo Calvo
(University of Maryland)
Discussant: andrés velasco (harvard university)
Room: Gávea A |
Abhijit Banerjee (MIT),
Currency Crises and Monetary Policy: A Third Generation
Approach
(Joint with Philippe Aghion)
Pierre Olivier Gourinchas (Princeton University),
Lending
Booms: Some Stylized Facts (Joint with Rodrigo
Valdés and Oscar Landerretche)
Peter B. Henry (Stanford University),
Do Stock Market
Liberalizations Cause Investment Booms?
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Poverty and Economic Insecurity: Lessons from the WDR 2001 and
Other Studies
Chair: David de Ferranti
(World Bank)
Room:
Gávea B |
Alan Gelb (World Bank), Can Africa Claim the 21st
Century?
Nora Lustig (IADB), Attacking Poverty: The World
Devel |
