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The Globalization and Monetary Policy Institute

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2/2   Call for Papers—Conference on Microeconomic Sources of Real Exchange Rate Behavior (September 24–25, 2010 Vanderbilt University) The deadline for submitting a paper or expressing interest in attending as a discussant is 5 p.m., May 15, 2010.
     
2/1   International Economic Update: Global Growth Shows Signs of Improvement—Signs of a global recovery continue to appear around the world, particularly in the U.S. and emerging markets. Increases in output and international trade have allowed growth prospects for major economies to be revised up. However, rising commodity prices and stimulative monetary policies have caused inflationary pressures to build in emerging markets. Although monetary policy in most advanced economies remains accommodative, the run-up of public debt could stymie economic growth
     
1/19   Limited Asset Market Participation and the Consumption-Real Exchange Rate Anomaly—Institute Working Paper no. 41—Shows that the "consumption-real exchange rate anomaly" can be explained by a simple model in which a subset of households trade in complete financial markets, while the remaining households lead hand-to-mouth lives.
     
1/19   Size and Composition of the Central Bank Balance Sheet: Revisiting Japan's Experience of the Quantitative Easing Policy—Institute Working Paper no. 42—Re-examines Japan's experience of the quantitative easing policy in light of the policy responses against the current financial and economic crisis.
     
1/19   Transitional Dynamics of Output and Factor Income Shares: Lessons from East Germany—Institute Working Paper no. 43—Evaluates the quantitative implications of technology change and government policies for output and factor income shares during East Germany's transition since 1990.

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Director of the Institute

Mark A. Wynne

Senior Fellows

Marianne Baxter
W. Michael Cox
Mario Crucini
Michael B. Devereux
Charles Engel
Karen Lewis
Francis E. Warnock

Advisory Board

Charles Bean
Martin Feldstein
Heng Swee Keat
R. Glenn Hubbard
Otmar Issing
Finn Kydland
Guillermo Ortiz
Kenneth S. Rogoff
Masaaki Shirakawa
William White

Institute Research Economists

Simona E. Cociuba
Anthony Landry
Enrique Martinez-Garcia
Ananth Ramanarayanan
Jian Wang

Advisory Board Chairman

John B. Taylor

Research Associates

Raphael Auer
Chikako Baba
Claudio Borio
Alessandro Calza
Andrew Filardo
Andreas Fischer
Marcel Fratzscher
Bill Gruben
Sophie Guilloux
Ping He
Erasmus Kersting
Enisse Kharroubi
Robert Kollmann
Fabio Milani
Philippe Moutot
Shigenori Shiratsuka
Jens Søndergaard
Giovanni Vitale
Yu Yuan

For more information, contact Mark Wynne at mark.a.wynne@dal.frb.org send e-mail.

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