08:00-09:00

Registration

09:00-09:15

Opening Plenary Session

Guillermo Calvo (Chief Economist, Inter American Development Bank)
Alberto Bensión (Minister of Finance, Uruguay)
César Rodríguez Batlle (President, Central Bank of Uruguay)
Ernesto Talvi (CERES)
Máximo Rossi (DEFCS, UDELAR)
Gastón J. Labadie (Universidad ORT)

09:15-10:00

Presidential Address

FINANCIAL GLOBALIZATION IN THE 1990s: LESSONS AND POLICY IMPLICATIONS

 

10:00-10:45

Coffee Break

10:45-12:15

Regular Sessions

CREDIT AND LENDING I
CHAIR:
FLORENCIO LOPEZ DE SILANES
(Yale Unisersity and NBER)

ROOM: BALL ROOM A

Joseph P. Kaboski (University of Chicago), joint with Robert M. Townsend
An Evaluation of Village-Level Microfinance Institutions

Jesus Otero (Universidad del Rosario), joint with Ana María Iregui and Costa Milas
On the Dynamics of Lending and Deposit Interest Rates in Emerging Markets: A Non - Linear Approach

Florencio López-de-Silanes (Yale Unviersity and NBER), joint with Rafael La Porta and Guillermo Zamarripa
Soft Lending and Hard Landing: Related Lending in Mexico
 

POLITICAL ECONOMY
CHAIR:
MANFRED DIX
(Tulane University)

ROOM: BALL ROOM B

Mauricio Soares Bugarin (Universidade do Brasilia)
Electoral Control in the Presence of Gridlocks

Mark Hallerberg (University of Pittsburgh), joint with Patrick Marie
Executive Authority, the Personal Vote, and Budget Discipline in Latin American and Caribbean Countries

Diego Aboal (CINVE), joint with Fernando Lorenzo and Gabriel Oddone
The Political Economy of Budget Deficits in Uruguay

Manfred Dix (Tulane University), joint with Rudy Santore
Campaign Contributions with Swing Voters
 

ECONOMIC THEORY I
CHAIR:
FEDERICO ECHENIQUE
(DEFCS, UDELAR  and UTDT)

ROOM: BALL ROOM C

Juan Mendoza (State University of New York at Buffalo), joint with Herschel Grossman and Minseong Kim
Decisiveness and The Viability of Anarchy

Juan Dubra (Universidad de Montevideo), joint with Jean Pierre Benoit
N Person Wars of Attrition

Federico Echenique (DEFCS, UDELAR  and  UTDT)
A Characterization of Strategic Complementarities
 

GROWTH
CHAIR:
NORMAN LOAYZA
(World Bank)

 ROOM: CONFERENCE

Mauricio Cárdenas (Titularizadora Colombiana S.A.)
Economic Growth in Colombia: A Reversal of ‘Fortune’

Carlos Zarazaga (Federal Reserve Bank of Dallas), joint with Finn Kydland
Argentina's Growth Performance During the Lost Decade and the 1990´s Through the Lens of a Neoclassical Growth Model

Elizer Martins Diniz (Universidade do Sao Paulo), joint with Ricardo Goncalves Silva
Pooled Estimation and Error Correction Approach to a Dynamic Panel Solow Growth Model

Norman Loayza (World Bank), joint with Romain Ranciere
Financial Development, Financial Fragility, and Growth
 

INDUSTRIAL ORGANIZATION I
CHAIR:
CESAR MATOS
(Universidade do Brasilia and Universidade Católica do Brasilia)

ROOM: PICASSO

Germán Coloma (Universidad del CEMA)
A Preliminary Analysis of the Competitive Effects of the Repsol-YPF Merger on the Argentine Gasoline Market

G. Martín Paredes (New York University)
Consumer Recognition in Durable, DifFerentiated Goods Markets with Technological Innovation

Dragan Filipovich (El Colegio de México)
Are Competitive Markets Immune to Culture?

César Mattos (Universidade do Brasilia and Universidade Católica do Brasilia)
Vertical Foreclosure in Telecommunications Through Access Prices and Interconnection Quality
 

INTEGRATION
CHAIR:
GRACIELA L. KAMINSKY
(George Washington University)

ROOM: RENOIR

Hans Keiding (University of Copenhagen), joint with Mette Knudsen
International Trade Under Uncertainty and Disadvantageous Integration

Maurice Schiff (World Bank & US Treasury), joint with Won Chang
Market Presence, Contestability, and the Terms-of-Trade Effects of Regional Integration

Graciela L. Kaminsky (George Washington University), joint with Sergio Schmukler
Short- and Long Run Integration Do Capital Controls Matter?
 

LABOR MARKETS
CHAIR:
NORBERT FIESS
(World Bank) 

ROOM: GAUGUIN

Jasper Hoek (University of Michigan)
Labor Market Institutions and Restructuring: Evidence from Sao Paulo, Brazil

Gustavo Gonzaga (PUC - Rio), joint with Sergio Firpo
From Public to Private:The Performance of Former Public Workers in the Brazilian Labor Market

Norbert Fiess (World Bank), joint with Marco Fugazza and William Maloney
Informality, Wage Rigidities and Real Exchange Rates
 

INTERNATIONAL TRADE I
CHAIR:
SEBASTIAN CLARO
(UCLA and Universidad Católica de Chile)

ROOM: CEZANNE

Manuel Cantavella (Universidad JAUME I), joint with Ana Cuadros Ramos, Ismael Fernández and Celestino Suárez
The Atlantic Trade of European Union: MERCOSUR and NAFTA

Ana María Iregui (Banco de la República de Colombia)
Tax Exporting: An Analysis Using a Multiregional CGE Model

Sebastián Claro (UCLA and Universidad Católica de Chile)
Trade and FDI Liberalization: What to Expect from Chinas's Entrance to WTO?
 

BANKING
CHAIR:
JOSE ANTONIO LICANDRO
(Banco Central del Uruguay)

ROOM: MATISSE

Andres F. Arias (UCLA)
Banking Productivity and Economic Fluctuations: The Story of Colombia and its New Banking Regulation in the Late 1990´s

Janina V. Leon (Wittenberg University)
Frontier Analysis of Cost Efficiency: Application to the Peruvian Municipal Banks

José Antonio Licandro (Banco Central del Uruguay), joint with Mario Bergara
Prudential Regulation and Credit Cycles: A Microeconomic Approach
 

12:15 - 13:30

LUNCH

13:30 - 15:00

REGULAR SESSIONS

EDUCATION
CHAIR:
NORBERT R. SCHADY
(World Bank)

 ROOM: BALL ROOM A

Andrew W. Horowitz (University of Arkansas), joint with Jian Wang
Favorite Son? Specialized Child Laborers and Students in Poor LDC Households

Juan Marcelo Perera (CINVE), joint with Adrián Fernández Poncet
Acceso a la Educación Terciaria. Una Aplicación a Datos de Uruguay

Norbert R. Schady (World Bank), joint with Jean Bolvin and Olivier Deschenes
The (Positive) Effect of Macroeconomic Crises on Education Outcomes: Evidence from Peru
 

INTERNATIONAL FINANCE
CHAIR:
AKIKO TERADA
(George Washington University)

 ROOM: BALL ROOM B

Daniel Borer (Universidad de Basel WWZ), joint with Beatrice Weder
The International Transmission of Financial Shocks: What is the Role of Value at Risk Models?

Ismael Arciniegas (University at Albany), joint with F. Arciniegas and M. Embrechts
Understanding Speculative Attack´s Aftermath with Computational Economics: Machine Learning Sensitivity Analysis

Ankur Vora (University of Chicago)
Impact of Foreign Direct Investments on Developing Country Credit Market

Akiko Terada (George Washington University)
Balance Sheet Effects and Financial Propagation: Evidence from Industrial and Emerging Markets
 

MONETARY POLICY I
CHAIR:
PABLO ANDRES NEUMEYER
(UTDT)

 ROOM: CONFERENCE

Luis Felipe Céspedes (New York University), joint with Roberto Chang and Andrés Velasco
Dollarization of Liabilities, Net Worth Effects, and Optimal Monetary Policy

Alvaro Riascos (Banco de la República, Colombia)
Monetary Policy Rules in a Search Model of the Labor Market

Ricardo Brito (IBMEC), joint with Marco Bonomo
Monetary Rules and Macroeconomic Dynamics in Brazil

Pablo Andrés Neumeyer (UTDT), joint with Fernando Alvarez and Patrick Kehoe
The Time Consistency of the Friedman Rule
 

CRIME AND CORRUPTION
CHAIR:
ERNESTO SCHARGRODSKY
(UTDT)

ROOM: PICASSO

Fabio Sanchez Torres (Universidad de los Andes), joint with Jairo Nuñez
Determinants of Crime in a Highly Violent Country: The Case of Colombia

Nicolás Garcette (DELTA)
Income Inequality and Crime Protection

Daniel Lederman (World Bank), joint with Norman Loayza and Rodrigo Reis Soares
Accountability and Corruption: Political Institutions Matter

Ernesto Schargrodsky (UTDT)
Using a Terrorist Attack to Estimate the Effects of Police on Crime
 

BUSINESS CYCLES AND ECONOMIC FLUCTUATIONS
CHAIR:
FELIPE  MORANDE
(Banco Central de Chile)

ROOM: RENOIR

Juan Manuel Renero (Centro de Investigación y Docencia Económica)
Are there Market Fluctuations that Increase Trade and Welfare?

Paulo Brigido Rocha Macedo (Universidade Federal de Minas Gerais), joint with Gilson Geraldino Da Silva Jr.
Macroeconomic Fluctuations and Market Power in the Brazilian Manufacturing Sectors

Richard Luger (Bank of Canada), joint with Maral Kichian
On Inflation and the Persistence of Shocks to Output

Diego Valderrama (Duke University)
Statistical Nonlinearities in the Business Cycle:  A Challenge For the Canonical RBC Model

Felipe Morande (Banco Central de Chile), joint with Raimundo Soto
¿Consumismo, Frugalidad, Racionalidad? El Ahorro y el Consumo de Durables Frente al Ciclo  Económico en Chile
 

ECONOMIC HISTORY
CHAIR:
HECTOR TAJAM
(FCEA, UDELAR)

ROOM: GAUGUIN

Reto Bertoni (DEFCS - UDELAR)
Adopción y Difusión de la Energía Eléctrica en Uruguay. La Electrificación como Fenómeno Innovativo. 1880 – 1980

Mario Matus G. (IIG - PNUD. Universidad de Chile)
Corea y el Cono Sur de América. El Jardín de los Senderos que se Bifurcan

Rolf J. Lüders (Universidad Católica de Chile), joint with Gert Wagner
Trade Tariffs, Welfare and Public Finance the Case of Nitrates Up to 1930

Héctor Tajam (FCEA, UDELAR), joint with Magdalena Bertino
Una Estimación del PBI Uruguayo 1900-1955 y su Relación con otros Indicadores Económicos
 

NATURAL RESOURCES
AND ENVIRONMENTAL ECONOMICS
CHAIR:
NESTOR GANDELMAN
(Universidad ORT and CERES)

ROOM: CEZANNE

Claudia Sanchez Vela (University of Rochester)
Profits from Natural Resources and Wealth Distribution

Hugo Salgado Cabrera (Universidad de Concepción, Chile) , joint with Bernardo Aliaga
Simulación de CIT en la Pesquería del Jurel en Chile. Separación de los Efectos en la Propiedad de la Transferibilidad de los Derechos de Captura

Rafael Espinosa Ramirez (Instituto Internacional de Governabilidad), joint with M.Ozgur
Strategic Environmental Policies and Mergers
 

INTERNATIONAL TRADE II
CHAIR:
XIMENA CLARK
(World Bank)

ROOM: MATISSE

Douglas Marcouiller (Boston College and NBER)
Hijacking, Hold-Up and International Trade

Christian Daude (IADB), joint with Ernesto Stein
Longitude Matters: Time Zones, the Location of FDI, and Trade

B. Peter Rosendorff (University of Southern California)
Stability and Rigidity: The Dispute Settlement Procedure at the WTO

Ximena Clark (World Bank), joint with David Dollar and Alejandro Micco
Maritime Transport Costs and Port Efficiency
 

15:15 - 16:30

SPECIAL SESSIONS

REGIONAL INTEGRATION
IN THE AMERICAS
CHAIR:
FERNANDO QUEVEDO
(IADB)

ROOM: BALL ROOM A

Anthony Venables  (London School of Economics)
Regionalism and Economic Development

Herman Kamil (University of Michigan), joint with Alvaro Ons
Determinants of the Pattern of Bilateral Trade Under Regional Trade Agreements: An Application to Mercosur 

Julio Berlinski (ITDT)
GATS Commitments of Argentina, Brazil and Chile and Argentina's International Competitiveness
 

REGULATION AND FINANCIAL MARKETS
CHAIR:
ALEJANDRO MICCO
(IADB)

DISCUSSANT:
FLORENCIO  LOPEZ-DE-SILANES
(Yale University and NBER)

ROOM: BALL ROOM B

Arturo Galindo (IADB), joint with Alejandro Micco
Creditor Rights and the Credit Cycle

Florencio López-de-Silanes (Yale University and NBER), joint with Rafael La Porta and Guillermo Zamarripa
Soft Lending and Hard Landing: Related Lending in Mexico

Sergio Schmuckler (World Bank), joint with Graciela Kaminsky
On Booms and Crashes: Stock Market Cycles and Financial Liberalization
 

EXCHANGE RATES AND
CAPITAL FLOWS
CHAIR:
ANDRES VELASCO
(Harvard University)

ROOM: BALL ROOM C

Roberto Rigobon (MIT), joint with Jonathan Kearns
Effectivness of Central Bank Intervention in the Foreign Exchange Market: The Case of Australia

Roberto Chang (Rutgers), joint with Giovanni Majnoni (World Bank)
Fundamentals, Beliefs and Financial Contagion

Andrés Velasco (Harvard University), joint with María Julia Centeno and Patricia Goldszier
Third Generation Models of Financial Crises
 

FEAR OF FLOATING: THEORY AND POLICY
CHAIR:
LUIS VIANA
(Universidad de Montevideo)

DISCUSSANT:
ROBERTO RIGOBON
(MIT)

ROOM: CONFERENCE
 

Guillermo Calvo (Interamerican Development Bank), joint with Carmen Reinhart
Fear of Floating

Carlos Vegh (UCLA), joint with Amartya Lahiri
Living With the Fear of Floating:  An Optimal Policy Perspective

THE QUALITY OF INSTITUTIONS AND FOREING DIRECT INVESTMENT
CHAIR:
ERNESTO STEIN
(IADB)

ROOM: RENOIR

Eduardo Fernández-Arias (IADB), joint with Ricardo Hausmann
Foreign Direct Investment: Good Cholesterol?

Stéphane Straub (University of Toulouse)
FDI vs. Debt, with Imperfect Commitment and Corruption

Ernesto Stein (IADB), joint with Christian Daude
Institutions, Integration and the Location of Foreign Direct Investment
 

ELECTRICAL SECTOR
REGULATION POLICIES
CHAIRS:
RONALD FISCHER
(Universidad de Chile)

ALEXANDER GALETOVIC
(Universidad de Chile)

ROOM: GAUGUIN

Shmuel Oren (Stanford University)
Design of Competitive Electricity Markets: Flaws and Remedies

Alexander Galetovic (Universidad de Chile)
Regulatory Governance and Chile's 1998-1999 Electricity Shortage

Ronald Fischer (Universidad de Chile), joint with Pablo Serra
Regulating the Electricity Market in Latin America
 

THE ECONOMICS OF
EDUCATION
CHAIR:
FRANCISCO FERREIRA
(PUC - Rio)

DISCUSSANT:
FRANCISCO FERRERIA
(PUC - Rio)

ROOM: MATISSE

Eric Hanushek   (Stanford University)
Can Governments Legislate Higher Teacher Quality?

François Bourguignon (DELTA, Paris, and the World Bank)
Distributional Incidence of Educational Expenditures: Intergenerational and Capital Market Effects

EUROPEAN MONETARY
POLICY: STRATEGY AND
IMPLEMENTATION
CHAIR:
RAFAEL REPULLO
(CEMFI)

ROOM: PICASSO

José Viñals  (Banco de España)
Monetary Policy Issues in a Low Inflation Environment

Oreste Tristani (European Central Bank), joint with Vítor Gaspar
Monetary Policy in the Euro Area: Strategy and Decision-Making at the European Central Bank

Rafael Repullo (CEMFI), joint with Juan Ayuso
The Open Market Operations of the European Central Bank
 

SOCIAL EXCLUSION:
WHO IS IN, WHO IS OUT AND
WHY DOES IT MATTER ?
CHAIR:
MIGUEL SZEKELY
(IADB)

DISCUSSANT:
JERE BEHRMAN
(University of Pennsylvania)

ROOM: CEZANNE

Desinard Alves (FIPE), joint with Christopher Timmins
Social Exclusion and the Two-Tiered Health Care System of Brazil

Luis Rubalcava (CIDE), joint with Susan Parker and Graciela Tervel
Educational Attainment of Indigenous Children in Mexico: A Problem of Family Resources or Language Barriers?

Edward Funkhouser (Flasco), joint with Juan Pablo Pérez Sainz and Carlos Sojo
Social Exclusion of Nicaraguans in the Urban Metropolitan Area of San Jose, Costa Rica
 

16:30 - 17:00

COFFEE BREAK

17:00 - 18:30

REGULAR SESSIONS

EXCHANGE RATES
CHAIR:
ROGER CRAINE
(University of Berkeley)

BALL ROOM A

Shaghil Ahmed (Federal Reserve System), joint with Christopher Gust and Steven Kamin
Macroeconomic Shocks and Exchange Rate Regimes: A Comparison of Selected Emerging and Industrial Economies

Marcos Buscaglia (University of Pennsylvania)
Sterilization of Capital Inflows and Balance of Payments Crises

Eduardo Levy-Yeyati (UTDT), joint with Federico Sturzenegger
To Float or to Trail: Evidence on the Impact of Exchange Rate Regimes

Roger Craine (University of California at Berkeley)
Dollarization: An Irreversible Decision
 

ECONOMETRICS I
CHAIR:
KEVIN B. GRIER
(University of Oklahoma)

ROOM: BALL ROOM B

Pedro H. Albuquerque (Banco Central do Brasil)
A Simple Nonparametric Long-Run Correlation Estimator

John Hunter (Brunel University), joint with Christos Ioannidis
Identification and Identifiability of Non-Linear IV/GMM/ Estimators

Gulielmo Caporale (South Bank University)
Monetary Policy and the Exchange Rate During  the Asian Crisis: Identification Through Heteroscedasticy

Fragiskos Archontakis (European University Institute)
Testing the Order of Integration in a VAR Model for I(2) Variables

Kevin B. Grier (University of Oklahoma), joint with Rodolfo Cermeño
Modeling GARCH Processes in Panel Data: Theory, Simulations and Examples
 

MACROECONOMICS
Organized by CEMLA
CHAIR:
GUILLERMO ESCUDÉ

BALL ROOM C

Shaghil Ahmed (Federal Reserve System), joint with Andrew Levin and Anne Wilson
Recent US Macroeconomics Stability: Good Luck, Good Policies, or Good Practices?

Luis Eduardo Arango (Banco de la República de Colombia), joint with Luis Fernando Melo
Booms and Slumps in Latin America: A Characterization Through the Transition Function

Jorge Polgar (Banco Central del Uruguay)
Inflation and Log Run Output: The Role of Banks
 

EDUCATION AND THE LABOR MARKET IN BRAZIL
CHAIR:
JERONIMO OLIVEIRA MUNIZ
(UFMG)

ROOM: CONFERENCE

Andre Portela (Cornell University), joint with Patrick Emerson
Intra-Household Gender Bias and Child Labor Persistence in Brazil

Dorte Vener (World Bank), joint with Andreas Blom and Lauritz Holm-Nielsen
Education, Earnings, and Inequality in Brazil 1982-1998

Marta Menéndez (DELTA), joint with Francois Bourguignon and Francisco Ferreira
Inequality of Outcomes, Inequality of Opportunities and Intergenerational Education Mobility in Brazil

 Jeronimo Oliveira Muniz (UFMG)
An Empirical Approach for Child Labor in Brazil
 

FINANCIAL CONSTRAINTS
CHAIR:
NESTOR GANDELMAN
(Universidad ORT and CERES)

ROOM: PICASSO

Felipe Zurita (Pontificia Universidad Católica de Chile), joint with Alexander Galetovic
Liquidity and the Simple IO of Stock Exchanges

Alejandro Gaytan (New York University and CERASS), joint with Romain Rancieres
Liquidity, Financial Intermediation and Growth

Cristián Echeverría (University of California at Berkeley)
Uncertainty, Liquidity Constraints and the Option Value of Saving

Néstor Gandelman (Universidad ORT and CERES), joint with Eduardo Barbieri and Julio De Brun
Investment Equations and Financial Restrictions at Firm Level: The Case of Uruguay
 

INDUSTRIAL ORGANIZATION II
CHAIR:
GERARD LLOBET
(CEMFI)

ROOM: RENOIR

Hugo Pedro Boff (UFRJ)
Endogenous Normative Indices for the Industry Concentration

Salvador Valdés-Prieto (Universidad Católica de Chile)
Optimal Price and Marketing Policies with Stock Demand

 Pedro Dal Bó (UCLA)
Tacit Collusion Under Interest Rate Fluctuations

Gerard Llobet (CEMFI), joint with Ruben Hernández Murillo
Patent Licensing Revisited
 

PRICES AND INFLATION
CHAIR:
DANIEL SCHYDLOWSKY
(American University)

ROOM: GAUGUIN

Federico Guerrero (University of Maryland)
Modeling the Adverse Effects of High Inflation Uncertainty on Capital Accumulation

Daniel Schydlowsky (American University)
The Recalcitrant Price Systems of Latin America
 

INTERNATIONAL TRADE AND TECHNOLOGY
CHAIR:
JUAN BLYDE
(IADB)

ROOM: CEZANNE

Arilton Teixeira (IBMEC)
Effects of Trade Policy on Techonology Adoption and Investment

Marc-Andreas Muendler (University of California at Berkeley)
Trade, Technology, and Productivity: A Study of Brazilian Manufacturers, 1986-1998

Isidro Soloaga (IADB), joint with Giorgio Barba Navaretti
Weightless Machines and Costless Knowledge: An Empirical Analysis of Trade and Technology Diffusion

Juan Blyde (IADB)
Trade and Technology Diffusion in Latin America
 

ECONOMIC THEORY II
CHAIR:
ERNESTO MORDECKI
(Centro de Matemáticas, UDELAR)

ROOM: MATISSE

Hervé Roche (Instituto Tecnológico Autónomo de México)
Asset Pricing in a Lucas Economy with Recursive Utility Heterogeneous Agents

Walter Moreira (Centro de Matemática UDELAR)
Russian Options for a Diffusion with Negative Jumps

José Fajardo Barbachan  (IMPA - EPGE), joint with Mario Pascoa and Aloisio Araujo
Endogenous Collateral: Arbitrage and Equilibrium Without Bounded Short Sales

Ernesto Mordecki (Centro de Matemáticas, UDELAR) , joint with Alexander Gushchin
Bounds on Option Prices and Comparison of Statistical Experiments for Semimartingales
 

18:30 - 19:45

ROUND TABLE

HAS GLOBALIZATION FAILED IN LATIN AMERICA?
CHAIR:
SEBASTIAN EDWARDS
(UCLA and IAE)

ROOM: BALL ROOM A

John Williamson (Institute for International Economics)
Guillermo Calvo (Inter American Development Bank)
Ilan Goldfajn (Banco Central do Brasil)
Ricardo Hausmann (Harvard University)
Andrés Velasco (Harvard University)

FRIDAY, OCTOBER 19

09:00 - 10:15

INVITED LECTURE

UNDERSTANDING THE MINCER EARNINGS FUNCTION
JAMES HECKMAN
(University of Chicago)

CHAIR:
GASTON LABADIE
(Universidad ORT)

ROOM: BALL ROOM A

JAMES HECKMAN
(University of Chicago)

10:15 - 10:45

COFFEE BREAK

10:45 - 12:00

SPECIAL SESSIONS

SOCIAL SECURITY:
INSURANCE AND INCENTIVES
CHAIR:
HUGO HOPENHAYN
(UTDT and University of Rochester)

BALL ROOM A

Juan Pablo Nicolini  (UTDT), joint with Gabriel Bazaluzzo and Pablo Sanguinetti
Risk Sharing and Intergovernmental Transfers: Evidence Form Argentina

Hugo Hopenhayn  (UTDT, University of Rocherster)
Credit in Latin America – Evidence of the Last Decade

FINANCING REAL
ECONOMIC ACTIVITY IN LATIN AMERICA
CHAIR:
ERNESTO MAY
(World Bank)

DISCUSSANT:
SVEN ARNDT
(Claremont McKenna College)

ROOM: BALL ROOM B

Augusto de la Torre (World Bank), joint with Giancarlo Gasha, Santiago Herrera, Danny Leipziger and Yira Mascaro
Credit in Latin America – Evidence of the Last Decade

Susana Sanchez (World Bank), joint with George Clarke, Robert Cull, Soledad Martinez Peria
Bank Lending to Small Business in Latin America

Sergio Schmukler (World Bank), joint with Esteban Vesperoni
Globalization and Firms’ Financing Choices
 

MONETARY MANAGEMENT IN LATIN AMERICAN: RECENT EXPERIENCES AND ISSUES
CHAIR:
ILAN GOLDFAJN
(IMF)

BALL ROOM C

Speakers:
Alejandro Werner (Banco de México)

Ilan Goldfajn (Banco Central de Brasil)

Klaus Schmidt-Hebbel (Banco Central de Chile)

CAPITAL STANDARDS CAPITAL FLOWS AND BANKING STABILITY
CHAIR:
EVA HOLZ
(Banco Central del Uruguay)

Organized by
ANDREW POWELL (UTDT)

DISCUSSANT:
MIGUEL KIGUEL
(Banco Hipotecario Argentino)

ROOM: CONFERENCE
 

Andrew Powell (UTDT)
A Capital Accord for Emerging Economies?

Liliana Rojas Suarez (Institute for International Economics)
Can International Capital Standards Strenghten Banking Systems in Emerging Economies?

Uwe Neumann (BIS), joint with Philip Turner
Markets, Regulation and Banking in Emerging Markets

INCENTIVE STRUCTURES IN HEALTH PROVISION
CHAIR:
CLAUDIO SAPELLI
(Pontificia Universidad Católica de Chile)

ROOM: PICASSO

Mark Pauly  (University of Pennsylvania)
How Health Insurance Affects Health Care Spending (What to do About It)

Paul Gertler  (University of California at Berkeley)
Who Benefits From Social Health Insurance? Evidence From the Philippines

Claudio Sapelli  (Pontificia Universidad Catolica de Chile), joint with Bernardita Vial
Incentives for What? Are Moral Hazard and Adverse Selection Quantitatively Important? The Case of Chile
 

DETERMINANTS AND CONSECUENCES OF FINANCIAL CONSTRAINS FACING FIRMS IN LATIN AMERICA
CHAIR:
ARTURO GALINDO
(IADB)

DISCUSSANT:
FABIO SCHIANTARELLI
(Boston College)

ROOM: RENOIR

Gonzalo Castañeda (CESEP-Universidad de Puebla), joint with Mariano Rojas and Carlos Ibarra
Internal Capital Market and Financing Choices of Mexican Firms During the Financial Crisis of 1995-2000

Pablo Druck (Universidad del CEMA), joint with Carlos A. Rodríguez and Javier Bolzico
The Characteristics and Evolution of Credit Constraints in Argentina

Juan José Echaverría (Fedesarrollo), joint with María Angélica Arbeláez
Investment and Financial Constraints in the Colombian Manufacturing Sector

SPECIAL STUDENTS SESSION IDEA PROPOSED AND ORGANIZED BY UTDT
CHAIR:
Pablo Andrés Neumeyer
(UTDT)

ROOM: GAUGUIN

Agustin Rubini (Universidad de San Andrés)
Rationale of the Online Advertising Market: a Theoretical Model

Guillermo Zoppolo (UDELAR), joint with Rodrigo Arim (UDELAR)
Remuneraciones Relativas y Desigualdad en el Mercado de Trabajo

María Cecilia Bustamante (UTDT) , joint with María Julia Centeno and Patricia Goldszier
Hospital Efficiency: The Case of General Hospital in Buenos Aires City
 

EMERGING ISSUES FOR GLOBALIZATION
CHAIR:
JEAN MERCENIER
(Universite of Cergy)
ROOM: CEZANNE

Gerald Willmann (University of Kiel), joint with Giovanni Facchini
The Political Economy of International Factor Mobility

Philippe Martin (Federal Reserve Bank of New York), joint with Helene Rey
Financial Globalization and Emerging Markets

Jean Mercenier (Universite of Cergy), joint with Marcel Merette
International Implications of Population Ageing
 

PANEL JOURNAL ECONOMIA
(Note: this Panel starts at 10:15)

ROOM: FLORIDA

Please refer to the attached program

(Economia is the journal published by LACEA)

12.00 - 13.15

LUNCH

13.15 - 14.45

REGULAR  SESSIONS

ECONOMETRICS II
CHAIR:
DANIEL MILES
(Universidad de Vigo)

ROOM: BALL ROOM A

Erika Medici, joint with Helios Migon
Bayesian Hierarchical Models for Stochastic Production Frontier

David Veredas (Credit First Suisse Boston), joint with Juan Rodríguez and Antoni Espasa
On the (intradaily) Seasonality and Dynamics of a Financial Point Process: a Semiparametric Approach

Juan J. Cruces (Universidad de San Andrés)
Statistical Properties of Sovereign Credit Ratings

 Daniel Miles (Universidad de Vigo)
Infrecuencia de las Compras y Errores de Medida
 

ECONOMIC DEVELOPMENT
CHAIR:
JORGE STREB
(Universidad del CEMA)

ROOM: BALL ROOM B

Lykke Andersen (Universidad Católica Boliviana)
Low Social Mobility in Bolivia: Causes and Consequenses for Development

Alfredo Del Valle (Innovative Development Institute)
Development: Innovation with Participation Towards a Culture-Focused Understanding and Practice of Development

Mieke Meurs (American University), joint with Colin Bradford
De-Development as a Metric for Capturing Recent Trends in Latin America and East Central Europe

Jorge Streb (Universidad del CEMA), joint with Pablo Druck
Economic Development as a Matter of Political Geography
 

LABOR MARKETS IN LATIN AMERICAN COUNTRIES
CHAIR:
PABLO FAJNZYLBER
(Universidad Federal do Minas Gerais)

ROOM: BALL ROOM C

Liliana Meza González (Universidad Anahuac)
El Efecto de la Apertura Comercial  en el Mercado Laboral Mexicano

Magdalena Furtado (UDELAR), joint with Marisa Bucheli
Impacto del Desempleo Sobre el Salario: Una Estimación de la Pérdida Salarial Para Uruguay

Alejandra Edwards (California State University), joint with Suzanne Duryea and Manuelita Ureta
Women in the LAC Labor Market: The Remarkable 1990’s

Gonzalo Hernández Licona (ITAM)
Unemployment and Household Structure in Mexico

Pablo Fajnzylber  (Universidad Federal de Minais Gerais), joint with William Maloney
How Comparable Are Labor Demand Elasticities Across Countries?
 

MONETARY POLICY II
CHAIR:
ALFREDO CANAVESE
(UTDT)

ROOM:  CONFERENCE

Eduardo Morón (Universidad del Pacífico), joint with Diego Winkelried
Monetary Policy Rules for Financially Vulnerable Economies

Claudio Soto (New York University)
Monetary Policy, Job Flows and Unemployment in a Sticky Price Framework

Alfredo Canavese (UTDT), joint with Hildegart Ahumada, Paula Canavese and Facundo González
Currency Demand and the Size of the Shadow Economy: Critical of an Estimation Method with an Application to Argentina
 

PANEL
JOURNAL ECONOMIA

ROOM: FLORIDA

Please refer to the attached program

(Economia is the journal published by LACEA)

CREDIT AND LENDING II
CHAIR:
ROBERTO STEINER
(Universidad de Los Andes)

ROOM:   CEZANNE

Francisco Vazquez (University of Maryland)
The Lending Channel in a Small Open Economy Under Predetermined Exchange Rates

José Negrin (Banco de Mexico), joint with Lorenza Martínez
Characteristics of Credit Card Users in Mexico: A Microeconomic Approach

Roberto Steiner (Universidad de los Andes) , joint with Adolfo Barajas
Credit Stagnation in Latin America
 

TAXATION
CHAIR:
VICTOR DUARTE LLEDO
(University of Wisconsin - Madison)

ROOM: PICASSO

Eduardo P.S. Fiuza (Instituto Pesquisa Aplicada), joint with S. Asano
Efficient and Equitable Commodity Taxation: Micro-Simulations Based on an Estimated Brazilian Consumer Demand System 

Kirk White (Duke University)
Marginal Tax Rates and the Tax Reform Act of 1986: The Long-Run Effect on The U.S. Wealth Distribution

Facundo Sepulveda (Michigan State University), joint with Gerhard Glomm and D. Kawaguchi
Green Taxes and Double Dividends in a Dynamic Economy

Humberto Moreira (PUC - Rio), joint with Juliano Assuncao
Towards a Truthful Land Taxation Mechanism in Brazil

Victor Duarte Lledo (University of Wisconsin - Madison)
Tax Reform Under Fiscal Stress: A CGE Analysis of the Brazilian Tax Reform
 

FEDERALISM
CHAIR:
VANDER LUCAS
(Universidade Católica do Brasilia)

ROOM: RENOIR

Marcelo Delajara (Universidad Siglo 21)
Federal Tranfers, Local Public-Good Provision, and Consumption Smoothing Under Asimetric Information

Ivan Baron Adamovich (University of Fribourg), joint with Gerald Hosp
Fiscal Federalism for Emerging Economies: Lessons from Switzerland?

Juan Carlos Córdoba (Rice University)
Balanced City Growth and Zipf's Law

Martin Besfamille (UTDT)
Public Works and Intergovernmental Grants: The Consequences of Collusion Between Local Authorities and Construction Firms

Vander Lucas (Universidade Católica do Brasilia)
Cross-Border Shopping in a Federalist Economy
 

HUMAN CAPITAL
CHAIR:
MIRTA N. S. BUGARIN
(Univesidade do Brasilia)

ROOM: MATISSE

Robin M. Grier (University of Oklahoma)
On the Interaction of Human and Physical Capital in Latin America

Nauro F. Campos  (University of Newcastle), joint with Aurelijus Dabuinskas
So Many Rocket Scientists, so Few Marketing Clerks: Occupational Mobility in Times of Rapid Technological Change

Mirta N. S. Bugarin (Universidade do Brasilia), joint with Roberto de Goes Ellery
Human Capital and Income Concentration
 

15:00 - 16:30

REGULAR SESSIONS

FINANCE
CHAIR:
MARCELO SAVINO
(Universidad Federal do Rio Grande Do Sul)

BALL ROOM  C

José Antonio Murillo (Banco de México)
Moody's and S&P: Financial Regulators for the 21 st Century?

Benjamin Martin  (Bank of England), joint with Adrián Peñalver
The Effect of Standstills on Yields and the Maturity Structure of Debt

Marcelo Savino Portugal (Universidade Federal do Rio Grande do Sul), joint with I.De Morais
Characteristics of Stochastic Volatility for Latin America's Par Bonds
 

PANEL
JOURNAL ECONOMIA

ROOM: FLORIDA

Please refer to the attached program

(Economia is the journal published by LACEA)

POLITICAL ECONOMY AND PENSION SYSTEMS
CHAIR:
ALVARO FORTEZA
(DEFCS - UDELAR)

ROOM: BALL ROOM B

Paulo A. de Britto (Universidade Católica do Brasilia)
Privatization as a Political Decision

Solange Berstein  (Boston University), joint with Alejandro Micco
Price Competition and Turnover: the Chilean Pension Fund Industry

Andrés Rius (DEFCS, UDELAR and IDRC)
Why do Politicians Tie Their Hands? The Bounded Rationality of Policy Making and the Reform of the Uruguayan Pension System

Alvaro Forteza (DEFCS, UDELAR)
Electoral Competition and the Unfunding of Public Pension Programs
 

ECONOMIC THEORY III
CHAIR:
ENRIQUE KAWAMURA
(Universidad de San Andrés)

ROOM: RENOIR

Niko Matouschek (London School of Economics)
Information and the Optimal Ownership Structure of Firms

Esteban Rossi-Hansberg (University of Chicago)
Optimal Urban Land Use and Zoning

Jordi Prat (University of California, Los Angeles)
Endogenous Trade Size, Price Dynamics and the Monopolist Specialist

 Enrique Kawamura (Universidad de San Andres)
General Equilibrium with Unawareness in Economies with Productions
 

EDUCATIONAL SYSTEMS ORGANIZATION
CHAIR:
MIGUEL URQUIOLA
(Cornell University)

ROOM: PICASSO

Felipe Barrera (University of Maryland)
Decentralization and Quality of Education

Andrea Tokman Ramos (University of California at Berkeley)
Is Private Education Better: Evidende from Chile

Miguel Urquiola (Cornell University), joint with Chang-Tai Hsieh
When Schools Compete, How do they Compete?

Productivity and Sorting in Chile's Nationwide Voucher Program
 

INTERNATIONAL TRADE IN LATIN AMERICAN
CHAIR:
MARCELO OLARREAGA
(University of Geneva and World Bank)

BALL ROOM A

María Inés Terra (DEFCS, UDELAR)
Import Diversion in Textil and Clothing Sectors in Latin American: Countries Under ATC

Enrique Aldaz-Carroll (University of Sussex)
The Grandsons of Heckscher and Ohlin Visit Latin America

Pablo Sanguinetti (UTDT), joint with Alok K.Bohara and Kishore Gawande
Trade Diversion and Declining Tariffs: Evidence from Mercosur

Marcelo Olarreaga (University of Geneva and World Bank), joint with O.Cadot and J.De Melo
Can Duty-Drawbacks Have a Protectionist Bias? Evidence from Mercosur
 

HEALTH AND FAMILY
CHAIR:
JESUS CARRO
(CEMFI)

ROOM:  CEZANNE

Julio R. Robledo (Universitetet at Berlin and Universitetet Bergen), joint with K. Konrad, H. Künemund and K. Lommerud
Geography of the Family

Anna Aizer (UCLA)
Home Alone: Maternal Employment, Child Care and Adolescent Behavior

Mónica Viegas Andrade (CEDEPLAR, UFMG), joint with Kenya Noronha
Social Health Inequality: Empirical Evidence from the Brazilian Case

Jesús Carro (CEMFI), joint with Pedro Mira
A Dynamic Model of Contraceptive Choice of Spanish Couples
 

INCOME INEQUALITY
CHAIR:
BERNARDO BLUM
(UCLA)

ROOM MATISSE

Jim Airola (University of Houston), joint with Chinhui Juhn
Income and Consumption Inequality in Post-Reform Mexico

Carlos Gradín (Universidad de Vigo), joint with Maximo Rossi
Income Distribution in Uruguay: The Effects of Economic and Institutional Reforms

Paul Wade  (IMF), joint with Era Dabla – Norris
Rent Seeking and Endogenous Income Inequality

Bernardo Blum (UCLA)
Decomposing the US Income Inequality into Trade, Technological, and Factor Supply Components: Theory and Data
 

16:30 - 17:00

COFFEE BREAK

17:00 - 18:15

SPECIAL SESSIONS

GROWTH, INEQUALITY AND POVERTY WHAT CAN THE DATA SAY?
CHAIR:
NORA LUSTIG
(Universidad de las Américas-Puebla)

BALL ROOM A

François Bourguignon (World Bank and Delta)
The Pace of Economic Growth and Poverty Reduction

Nora Lustig (Universidad de las Américas-Puebla), joint with Miguel Székely, Martín Cumpa and José Antonio Mejía
Do We Know How Much Poverty There Is?

RECENT ADVANCES IN PANEL DATA ECONOMETRICS
CHAIR:
MANUEL ARELLANO
(CEMFI)

ROOM: BALL ROOM B

Rosa Matzkin   (Northwestern University)
Nonparametric Estimation of Panel Data Models with Random Effects

Tony Lancaster   (Brown University)
New Methods for Fixed Effects Panels

Manuel Arellano   (CEMFI)
Modelling Optimal Instrumental Variables for Panel Data Models
 

DOWNSIZING
CHAIR:
MARTIN RAMA
(World Bank)

ROOM: BALL ROOM C

Alberto Chong (IADB), joint with Florencio Lopez-de-Silanes
Should Firms Restructure Labor Prior to Privatization?

Doh-Shin Jeon (Universitat Pompeu Frabra), joint with Jean-Jacques Laffont
Labor Market Information Acquisition and Downsizing

Martin Rama (World Bank), joint with Constance Newman (Economic Research Service, USDA)
Downsizing and Productivity Growth in the Public and Private Sectors of Colombia
 

REGIONAL INTEGRATION AND THE LOCATION OF INDUSTRY: LESSONS FOR MERCOSUR
CHAIR:
GERMAN CALFAT
(University of Antwerp)

ROOM: CONFERENCE

José Barbero (Booz, Allen and Hamilton)
Economic Geography and Infrastructure in Mercosur

Elisenda Paluzie i Hernández (Universitat de Barcelona)
Economic Integration and Industrial Location. The Case of Spain before WWI

Renato Flôres (EPGE-Fundação Getulio Vargas)
Estimation and Testing in Economic Geography Models

Gianmarco Ottaviano (Università Bocconi)
Trade, Taxation and Mobile Firms
 

LATIN AMERICAN DEVELOPMENT IN COMPARATIVE PERSPECTIVES
CHAIR:
JAMES ROBINSON
(University of California at Berkeley)

ROOM: PICASSO

Luis Bértola (DEFCS, UDELAR), joint with Gabriel Porcile
Growth, Structural Change and Income Distribution in the Southern Cone Compared: Looking Outside Economics Proper

Ken Sokoloff (UCLA), joint with Stanley Engerman and Stephen Haber
Inequality and Long-Run Paths of Development in the Americas: Land Policy and Financial Institutions Over the Nineteenth and Early Twentieth Centuries

André Hofman (ECLAC), joint with Daron Acemoglu
Long-Run Economic Development in Latin America in a Comparative Perspective

James Robinson (University of California at Berkeley)
Reversal of Fortune: Geography and Institutions in the Making of the Modern World Income Distribution
 

COMPUTERS, INTERNET
AND TECHNOLOGICAL INNOVATION IN LATIN AMERICA
CHAIR:
ALBERTO CHONG
(IADB)

DISCUSSANT:
ALEX MONGE-NARANJO
(Northwestern University)

ROOM: RENOIR
 

John Coleman  (Duke University), joint with  Francesco Caselli  
Technological Diffusion: The Case of Computers

Raymond Robertson (Macalester College), joint with Roberto Alvarez
Exports and Innovation: Evidence from Chile and Mexico

Maximo Torero (GRADE)
Analyzing the Spillover Mechanism on the Semiconductor Industry in the Sillicon Valley and in Route 128

THE ECONOMICS OF ORIGINAL SIN
CHAIR:
RICARDO HAUSMANN
(Harvard University)

ROOM: CEZANNE

Jeanne Oliver (IMF)
Why Do Emerging Economies Borrow in Foreing Currency?

Marcos Chamon (Harvard University)
Why Firms in Developing Countries Cannot Borrow in their Own Currency Even When Indexing to Inflation?

Andrés Velasco (Harvard Univeristy)
Liability Dollarization and Monetary Policy
 

INSTITUTIONS AND POLICY DETERMINATION
CHAIR:
PABLO SPILLER
(University of California at Berkeley)

ROOM: GAUGUIN

Claude Menard (University of Paris)
Converging Regulations, Diverging Implementation: The Role of Micro Institutions

Bernadro Mueller (Universidade de Brasilia), joint with Lee Alston
Coalitional Stability and the Gains from Trade Between the Executive and Legislature in Brazil

Pablo Spiller (University of California at Berkeley), joint with Mariano Tommasi (Universidad de San Andrés)
Institutions, Intertemporal Political Agreements, and Public Policies
 

STRAINING AT THE ANCHOR: THE ARGENTINE CURRENCY BOARD AND THE SEARCH FOR MACROECONOMIC STABILITY, 1880-1935
CHAIR:
GERARDO DELLA PAOLERA
(UTDT)

ROOM: MATISSE

18:30 - 19:45

ROUND TABLE

THE NEW INTERNATIONAL FINANCIAL ARCHITECTURE: WHAT IS THERE FOR LATIN AMERICA?

SPEAKERS:

ROOM: BALL ROOM A

Eduardo Fernández-Arias (Inter American Development Bank)

Michael Gavin (UBS Warburg)

Pablo Guidotti (Universidad Torcuato di Tella)

Claudio Loser (International Monetary Fund)

SATURDAY, OCTOBER 20

09:00 - 10:30

REGULAR SESSIONS

INFLATION TARGETING

CHAIR:
MARCELO KFOURY
(Banco Central Do Brasil)

ROOM: BALL ROOM A

Paulo Springer de Freitas (Banco Central do Brasil), joint with Ilan Goldfajn and Joel Bogdanski
Inflation Targeting in Brazil: Shocks, Backward-looking Prices, and IMF Conditionality

José Dorich (Ministry of Economy and Finance of Perú), joint with Luis Triveño
Inflation Targeting with a Monetary Base Rule in Peru

Renzo Rossini (Banco Central de Reserva del Perú)
Maintaining Low Inflation: Issues in the Adoption of an Inflation Targeting Regime in Peru

Marcelo Kfoury (Banco Central do Brasil)
Inflation Targeting in an Open Financially Integrated Emerging Economy: the Case of Brazil
 

STOCK RETURNS AND INTEREST RATES

CHAIR:
SARA CASTELLANOS
(Banco de México)

ROOM: BALL ROOM B

Michael Kumhof (IMF)
Interest Rate Risk Premia and Discretionary Fiscal Policy

Márcio I. Nakane (Banco Central do Brasil), joint with T. Afanasieff and P. Villa
The Determinants of Bank Interest Spread in Brazil

Sara G. Castellanos (Banco de México)
A New Empirical Study of the Mexican Treasury Bill Primary Auctions: Is There More Underpricing?
 

POVERTY INEQUALITY
AND SOCIAL TRANSFERS

CHAIR:
CORINNE SIAENS
(World Bank)

ROOM: BALL ROOM C

Caterina Ruggeri Laderchi (University of Oxford)
Catching Two Birds with the Same Stone? The Effectiveness of Food Transfers on Nutrition and Monetary Poverty

Guillermo Paraje (University of Cambridge)
Inequality, Welfare and Polarisation in the Great Buenos Aires, 1986-1999

Carlos Henrique Corseuile (IPEA), joint with Ricardo Paes de Barros
Liberalization and Income Distribution in Brazil

Corinne Slaens (World Bank), joint with G. González and Quentin Wodon
Do Conditionalities in Social Programs Exclude the Poorest? Demand-Side Schooling Interventions in Latin America
 

MINIMUN WAGES AND WAGE PREMIUM

CHAIR:
SANGEETA PRATAP
(Instituto Tecnológico Autónomo de México)

ROOM: CONFERENCE

Vanessa Strauss-Kahn (New York University)
Globalization, Agglomeration and Wage Premia

Jairo Nuñez (Universidad de los Andes)
Minimum Wages in Latin America

 Ugo Panizza (IADB)
The Strange Case of the Public Sector Wage Premium: Evidence from Latin America

Sangeeta Pratap (Instituto Tecnológico Autónomo de México), joint with Erwan Quintin
Formality or Size Premium: Some Evidence from Argentinian Wages
 

MULTI CURRENCY EFFECTS

CHAIR:
EDUARDO SIANDRA (FCS, UDELAR and Universidad ORT)

ROOM: PICASSO

Juan-Carlos Castañeda (Banco de Guatemala)
Competing Monies in Guatemala: What Should we Expect?

Luis Serven (World Bank), joint with Sergio Schmukler (World Bank)
Pricing Currency Risk: Facts and Puzzles from Currency Boards

Eduardo Siandra (DEFCS, UDELAR and Universidad ORT)
Credit and Moral Hazard in a Dual Currency Economy
 

PUBLIC GOODS

CHAIR:
DANIEL ARCE
(Rhodes College)

ORGANIZED BY:
OSVALDO SCHENONE
(Universidad San Andrés)

ROOM: RENOIR

Kevin Siqueira (Clarcson University) joint with Todd Sandler
The Provision of Collective Goods, Common Agency and Third Party Intervention

Emilson Silva (Tulane University)
The China-Japan Acid Rain Problem: Efficient Agreements with Voluntary Participation

Daniel Arce (Rhodas Collage) joint with Robert McCallum, Todd Sandler, Robert R. And Katheryn A.
Health-Promoting Alliances: A Cooperative-Game Approach
 

COUNTRY AND CURRENCY RISK

CHAIR:
MARTIN GRANDES
(PUC-Rio)

ROOM: GAUGUIN

Jorge Eduardo Carrera (UNLP), joint with Ana Paula Cusolito, Mario Félis and Demian Panigo
An Econometric Approach to Macroeconomic Risk. A Cross Country Study

Martin Grandes (OECD Development Centre and DELTA)
Country Risk, Intertemporal Solvency and Debt Dynamics: Exploring the Latin American Case

TECHNOLOGY AND INNOVATION

CHAIR:
RUBEN  TANSINI
(deFCS, UDELAR)

ROOM:  CEZANNE

Eva Gutierrez (IMF)
The Geography and Determinants of Intellectual Property Rights

Wilbur John Coleman (Harvard University), joint with Francesco Caselli
The World Technology Frontier

Ruben Tansini  (DEFCS, UDELAR), joint Xulia González
Eficiencia Técnica en la Industria Española: Tamaño, I+D y Localización
 

INTERNATIONAL TRADE III

CHAIR:
MARCEL VAILLANT
(DEFCS, UDELAR)

ROOM: MATISSE

Jonathan Eaton (Boston University), joint with Samuel Kortum
Trade in Capital Goods

Raphael Bergoeing (Universidad de Chile), joint with Timothy Kehoe
Trade Theory and Trade Facts

Marcel Vaillant (DEFCS, UDELAR)
How and When en Unilateral Trade Reform Could be a Political Equilibirum
 

INSTITUTIONS

CHAIR:
MARIANO TOMMASI
(Universidad de San Andrés)

ROOM: FLORIDA

Leandro Zipitría (DEFCS, UDELAR)
An Institutional Economic Analysis of Bankruptcy Procedures in Uruguay

Ivanna R. Vladkova Hollar (George Washington University)
Soft Pegs, Hard Pegs, and the Role of Commitment

Ariel A Casarin (Universidad de Córdoba), joint with José Delfino
Welfare Effects of Privatizing Public Utilities in Argentina. A Household Level Analysis

Mariano Tommasi (Universidad de San Andrés)
The Institutional Foundations of Public Policy: A Transactions Approach with Application to Argentina
 

10:30 - 11:00

COFFEE BREAK

11:00 - 12:30

INVITED LECTURE

ROOM: BALL ROOM A

ENTREPRENEURSHIP AND EMPLOYMENT

CHRISTOPHER PISSARIDES
(London School of Economics)

CHAIR: Máximo Rossi
(DEFCS, UDELAR)
 

12:30 - 13:45

LUNCH

13:45 - 15:00

ROUND TABLE

ROOM:  BALL ROOM A

THE NEW POLICY AGENDA FOR LATIN AMERICA:WHERE DO WE GO FROM HERE?

CHAIR: ERNESTO TALVI
(CERES)