International Finance and Macroeconomics.

• Position: Program and Working Group Meetings

Members of the NBER's International Finance and Macroeconomics Program met in Cambridge October 26. Research Associates Guido Lorenzoni of Northwestern University and Vivian Yue of Emory University organized the meeting. These researchers' papers were presented and discussed:

* Andres Drenik, Columbia University; Rishabh Kirpalani, Pennsylvania State University; and Diego Perez, New York University, "Currency Choice in Contracts"

* George A. Alessandria, University of Rochester and NBER, and Carter B. Mix, University of Rochester, "The Global Trade Slowdown: Trade and Growth, Cause and Effect"

* Anusha Chari, University of North Carolina at Chapel Hill and NBER; Ryan Leary, University of North Carolina at Chapel Hill; and Toan Phan, Federal Reserve Bank of Richmond, "The Transmission of (sub)Sovereign Default Risk: Evidence from Puerto Rico"

* Pablo Sebastian Fanelli, Princeton University, CEMFI, "Monetary Policy, Capital Controls, and International Portfolios"

* Pierre-Olivier...