The 14th. Texas Monetary Conference at Texas A&M University

College Station, April 29 and 30, 2006
Room 1002, Allen Building


This year, the Conference is hosted by the Economics Department at the campus of Texas A&M University in College Station, with additional support from the Private Enterprise Research Center at Texas A&M (PERC)  As in other years, the conference is co-sponsored by the University of Texas, the Dallas Fed, Rice and Southern Methodist Universities and the University of Houston. Click here for driving directions from Austin, Dallas or Houston, and here for local maps and directions (conference site, hotel, restaurant).

Important detail: Transportation from the Hilton will be provided at around half an hour prior to events. Continental breakfast and light lunches will served at the 41st. Club, just across from Room 1002 in Allen Building, where the conference is taking place. 

Saturday, April 29

                        8:00  Continental Breakfast

8:25-8:30: Welcome & Rules of the Game

8:30 - 9:20  Gabriele Camera (Purdue University) "Anonymous Markets and Monetary Trading" (with C. D. Aliprantis and D. Puzello) Version updated April 15

9:20 - 9:40 Dror Goldberg (Texas A&M University), Discussant

9:40 - 9:55 Open discussion

9:55 - 10:45 Pamela Labadie (George Washington University) "Allocation of Individual Risks in a Market Economy" Version updated April 11 

10:45 - 11:05 Juan Carlos Cordoba (Rice University), Discussant.

11:05 - 11:20 Open Discussion

11:20 - 11:35 BREAK

11:35 - 12:25   Nobuhiro Kiyotaki (Princeton University and Federal Reserve Bank of New York) "Adjusting to Capital Liberalization" (With K. Aoki and G. Benigno)   Version updated April 19   

12:25 - 12:45  Dietrich Vollrath (University of Houston) Discussant

12:45 - 1:00 Open Discussion

1:00 - 2:15 LUNCH

2:15 - 3:05 Enrique G. Mendoza (University of Maryland and the International Monetary Fund) "Endogenous Sudden Stops in a an Equilibrium Model of the Business Cycle: Fisher's Deflation of Tobin's Q" Version updated April 6 

3:05 - 3:25 Javier Reyes (University of Arkansas)  Discussant

3:25 - 3:40  Open discussion

3:40 - 4:00 BREAK

4:00 - 4:50 Guillermo A. Calvo (University of Maryland and the Inter-American Development Bank) "Phoenix Miracles in Emerging Markets: Recovering without Credit from Systemic Financial Crisis" (with A. Izquierdo and E. Talvi)

4:50 - 5:10 Carlos Zarazaga (Federal Reserve Bank of Dallas)    Discussant

5:10 - 5:25 Open Discussion

7:00: (Faculty and Invited Guests) DINNER at Messina Hof, followed by nightcap at the Auernheimer's

Sunday, April 30

                        8:30  Continental Breakfast

9:00 - 9:50 Martin Uribe (Duke University) "On Overborrowing"

9:50 - 10:10 Leonardo Auernheimer  (Texas A&M University), Discussant

10:10 - 10:25 Open Discussion

10:25 - 10:45 BREAK

10:45 - 11:35 Lawrence Christiano (Northwestern University) "Optimal Monetary Policy in a ‘Sudden Stop' " (with F. Braggion and J. Roldos)

11:35 - 11:55  Alejandro Izquierdo (Inter-American Development Bank)   Discussant

11:55 - 12:10 Open Discussion

                                                    12:10 LUNCH AND FAREWELL UNTIL 2007