Recent events in the world economy have prominently featured issues related to sovereign debt, its management, and its implications for fiscal and monetary policy. On Nov. 27 and 28, the Federal Reserve Bank of Richmond brings together a distinguished group of scholars to present ongoing work on the topic of sovereign debt. The workshop will feature eight papers, with ample time for questions and discussion.
Economists with an interest in models of sovereign debt
Tuesday, November 27
9:00 a.m. – 9:45 a.m.
Registration and Continental Breakfast
9:45 a.m. – 10:00 a.m.
Jeffrey M. Lacker, Federal Reserve Bank of Richmond
10:00 a.m. – 11:00 a.m.
"Sovereign Defaults and Banking Crises"
Cesar Padilla, McMaster University
11:00 a.m. – 12:00 p.m.
"Optimal Domestic Sovereign Default"
Pablo D' Erasmo, University of Maryland (joint with Enrique Mendoza, University of Maryland)
12:00 p.m. – 1:30 p.m.
1:30 p.m. – 2:30 p.m.
"Fiscal Rules and the Sovereign Default Premium"
Leo Martinez, International Monetary Fund (joint with Juan Carlos Hatchondo, Federal Reserve Bank of Richmond and Indiana University; and Francisco Roch, IMF)
2:30 p.m. – 3:00 p.m.
3:00 p.m. – 4:00 p.m.
"The Dynamics of Sovereign Debt Crises and Bailouts"
Harald Uhlig, University of Chicago (joint with Francisco Roch, International Monetary Fund)
4:00 p.m. – 5:00 p.m.
"Gambling for Redemption and Self-Fulfilling Debt Crises"
Tim Kehoe, University of Minnesota (joint with Juan Carlos Conesa, University of Autonoma Barcelona)
Wednesday, November 28
8:00 a.m. – 8:30 a.m.
8:30 a.m. – 9:30 a.m.
"Fiscal Challenges to Monetary Dominance"
Olivier Jeanne, Johns Hopkins University (joint with Hou Wang, Johns Hopkins University)
9:30 a.m. – 9:45 a.m.
9:45 a.m. – 10:45 a.m.
"Crisis and Commitment: Inflation Credibility and the Vulnerability to Sovereign Debt Crises"
Mark Aguiar, Princeton University (joint with Manuel Amador, Stanford University; Emmanuel Farhi, Harvard University; and Gita Gopinath, Harvard University)
10:45 a.m. – 11:45 a.m.
"Optimal Policy for Macro-Financial Stability"
Eric Young, University of Virginia (joint with Gianluca Benigno, London School of Economics and Political Science; Huigang Chen, MarketShare Partners; Chris Otrok, University of Missouri and Federal Reserve Bank of St. Louis; and Alessandro Rebucci, Inter-American Development Bank)
Deadline: November 27, 2012
Registration has closed. Thank you for your interest.