International finance and macroeconomics.

• Position: Program and Working Group Meetings

The NBER's Program on International Finance and Macroeconomics met in Cambridge on October 30. Research Associates Ariel Burstein of University of California, Los Angeles, and Charles Engel of University of Wisconsin-Madison organized the meeting. These papers were discussed:

* Javier Cravino and Andrei Levchenko, University of Michigan and NBER, "The Distributional Consequences of Large Devaluations"

* Gita Gopinath, Harvard University and NBER; Sebnem Kalemli-Ozcan, University of Maryland and NBER; Loukas Karabarbounis, University of Chicago and NBER; and Carolina Villegas-Sanchez, ESADE, "Capital Allocation and Productivity in South Europe" (NBER Working Paper No. 21453)

* Doireann Fitzgerald, Federal Reserve Bank of Minneapolis and NBER; Stefanie Haller, University College Dublin; and Yaniv Yedid-Levi, University of British Columbia, "How Exporters Grow"

* Philippe Bacchetta and Elena Perazzi, University...