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3rd International conference on macroeconomics

As a result of the collaboration agreement between Valencia University’s Institute of International Economics and the Rafael del Pino Foundation, the 3rd International Conference on Macroeconomics was held at the Foundation headquarters on 19-20 September 2008.

The inaugural lecture was given by Charles Goodhart, Professor Emeritus of Banking and Finance at the London School of Economics. The title of his lecture was “The regulatory response to the current financial crisis”.

The academic papers presented addressed issues related with the labour market, tax rules in open economies, monetary policies in relation to rises or falls in exchange rates, the relevance of the public deficit for explaining the external deficit, and identifying the effects of monetary policies on the economic cycle. The conference was attended by 30 academics and economic analysts and the programme was as follows:

 Opening: Charles Goodhart (London School of Economics), Rafael Doménech (Valencia University and  the Spanish Prime Minister’s Economic Office) and Vicente J. Montes Gan (Rafael del Pino Foundation);
 Martin Uribe (Columbia University), What’s News in Business Cycles;
 Miklos Koren (Central European University), A Spatial Explanation for the Balassa-Samuelson Effect;
 Juan José Dolado (Carlos III University of Madrid), Does immigration affect the Phillips Curve? Some  Evidence from Spain;
 Stephanie Schmitt-Grohe (Columbia University); explaining the Effects of Government Spending Shocks  on Consumption and the Real Exchange Rate;
 Fabio Ghironi (Boston College); Monopoly Power and Endogenous Variety in Dynamic Stochastic General  Equilibrium: Distortions and Remedies;
 Todd B. Walker (Indiana University Bloomington); Fiscal Foresight: Analytics and Econometrics, and
 Frank Smets (European Central Bank); Downward wage rigidity and monetary policy in a monetary  union.

The conference coordinators were: Javier Andrés and Rafael Doménech (Valencia University), Alejandro Cuñat (Essex University) and Campbell Leith (Glasgow University).