International Finance and Macroeconomics.

• Position: Program and Working Group Meetings

The NBER's Program on International Finance and Macroeconomics met in Cambridge on March 28, 2014. Research Associates Gita Gopinath of Harvard University and Helene Rey of London Business School organized the meeting. These papers were discussed:

* Xavier Gabaix and Matteo Maggiori, New York University and NBER, "International Liquidity and Exchange Rate Dynamics" (NBER Working Paper No. 19854)

* Ralph Koijen, London Business School; Tobias Moskowitz, University of Chicago and NBER; Lasse Pedersen, Copenhagen Business School, New York University and NBER; and Evert Vrugt, VU University Amsterdam, PGO-IM, "Carry" (NBER Working Paper No. 19325)

* A. Craig Burnside, Duke University and NBER, and Jeremy Graveline, University of Minnesota, "Exchange Rate Determination, Risk Sharing and the Asset Market View" (NBER Working Paper No. 18646)

* Philippe Martin, Sciences Po, and Thomas Philippon, New York University and NBER, "Inspecting the Mechanism: Leverage and the Great Recession in...