International finance and macroeconomics.

• Position: Program and Working Group Meetings

The NBER's Program on International Finance and Macroeconomics met in Cambridge on March 12, 2010. NBER Research Associates Roberto Chang of Rutgers University and Kristin Forbes of M IT organized the meeting. These papers were discussed:

* G. Andrew Karolyi, Cornell University, and Rose C. Liao, Rutgers University, "What is Different about Government-Controlled Acquirers' Cross-Border Acquisitions?"

* Cosmin Ilut, Duke University, "Ambiguity Aversion: Implications for the Uncovered Interest Rate Parity Puzzle"

* Kalina Manova, Stanford University and NBER; Shang-Jin Wei, Columbia University and NBER; and Zhiwei Zhang, International Monetary Fund, "Firm Exports and Multinational Activity under Credit Constraints"

* Sebnem Kalemli-Ozcan, University of Houston and NBER; Herman Kamil, International Monetary Fund; and Carolina Villegas-Sanchez, University of Houston, "What Hinders Investment in the Aftermath of Financial Crises: Balance-Sheet Mismatches or...