International finance and macroeconomics.

• Position: Program and Working Group Meetings

The NBER's Program on International Finance and Macroeconomics met in Cambridge on October 31, 2014. Research Associates Charles Engel of the University of Wisconsin, Madison and Emmanuel Farhi of Harvard University chose these papers to discuss:

* Seunghoon Na, Columbia University; Stephanie Schmitt-Grohe and Martin Uribe, Columbia University and NBER; and Vivian Yue, Emory University, "A Model of the Twin Ds: Optimal Default and Devaluation" (NBER Working Paper No. 20314)

* Cristina Arellano, Federal Reserve Bank of Minneapolis and NBER, and Yan Bai, University of Rochester and NBER, "Linkages Across Sovereign Debt Markets" (NBER Working Paper No. 19548)

* Marcos Chamon, International Monetary Fund; Julian Schumacher, Humboldt University of Berlin; and Christoph Trebesch, University of Munich, "Foreign...