Carnegie-Rochester Conference Series on Public Policy

Semi-annual Conference

Editors:    Bennett McCallum

                 Charles I. Plosser


Upcoming Conference

Conference Event Reply Form


April 23-24, 2004

Simon School, University of Rochester

Rochester, NY


Carnegie-Rochester Conference Schedule
"The Economics of Exchange Rates" in Honor of Alan Stockman

April 23-24, 2004

Thursday, April 22


8:00 pm-11:00 pm      Welcome Reception, Hyatt Regency - refer to hotel monitor


Friday, April 23


       8:30 am                Bus transportation to campus


 8:45-9:15 am              Packet Retrieval and Breakfast


                                    CONFERENCE SESSION I - SCHLEGEL 207


     Chairman:              Charles Plosser         

 9:15-10:30 am            "Explaining the Puzzling Tax Dynamics of the European Union: Quantitative Lessons of Tax Competition in Financially Integrated Countries"

by Enrique Mendoza and Linda Tesar

                                    Discussant:  Ellen McGrattan


10:30-10:45 am           Break


10:45-12:00 pm          "Latin America in the Rear View Mirror"

by Harold Cole, Lee Ohanian and James Schmitz

                                    Discussant: William Easterly


     12:00 pm               Luncheon Schlegel Hall Rotunda


                                    CONFERENCE SESSION II - SCHLEGEL 207


     Chairman:              Bennett McCallum

 1:30-2:45 pm             "Exchange Rate Regime Durability and Performance in Developing Versus Advanced Economies"   

                                    by Aasim Husain, Ashok Mody and Kenneth Rogoff

                                    Discussant: David Backus


2:45-3:00 pm              Break


 3:00-4:15 pm             "Rational Speculation and Exchange Rates"

                                    by Margarida Duarte and Alan Stockman

Discussant:  Maurice Obstfeld


        4:30 pm               Bus Transportation back to the Hyatt Regency


        6:30 pm               Bus departs Hyatt Regency for transportation to the Country Club of Rochester


        6:45 pm               Cocktails, Country Club of Rochester


        7:30 pm               Dinner, Country Club of Rochester

         9:30 pm               Transportation back to the Hyatt Regency


Saturday, April 24



          8:00 am             Bus transportation to campus


    8:15-8:45 am           Breakfast


                                    CONFERENCE SESSION III - SCHLEGEL 207


     Chairman:              Thomas Cooley

  8:45-10:00 am           "Implications of State Dependent Pricing for Dynamic Macroeconomic Modeling"

by Michael Dotsey and Robert King

                                    Discussant: Susanto Basu


10:00-10:15 am           Break


10:15-11:30 am           "Tax Distortions and the Case for Price Stability"

by Fabrice Collard and Harris Dellas

                                    Discussant:  Lawrence Christiano


      11:30 am               Lunch available in Schlegel Hall Rotunda.


12:15 pm               Bus transportation to airport.


Transportation will also be available for earlier or later flights if needed.






ADVISORY COMMITTEE: Bennett McCallum and Charles Plosser, Co-chairs:  Andrew Abel, Thomas Cooley,
                                                Janice Eberly, Marvin Goodfriend, Sergio Rebelo, Alan Stockman and Stanley Zin