International seminar on macroeconomics.

• Position: Conferences

NBER's 37th International Seminar on Macroeconomics (ISOM) took place in Riga on June 27 and 28, 2014. The seminar was organized by Research Associates Richard Clarida of Columbia University, Jeffrey Frankel of Harvard University, Francesco Giavazzi of Bocconi University, and Helene Rey of London Business School. The organizers chose the following papers for discussion:

* Kristin Forbes, MIT and NBER; Marcel Fratzscher, DIW Berlin and CEPR; and Roland Straub, European Central Bank, "Capital Controls and Macroprudential Measures: What Are They Good For?"

* Agustin Benetrix and Philip Lane, Trinity College Dublin, and Jay Shambaugh, George Washington University and NBER, "International Currency Exposures, Valuation Effects, and the Global Financial Crisis"

* Cecilia Hornok, Hungarian Academy of Sciences, and Miklos Koren, Central European University, "Lumpy Trade and the Welfare Effects of Administrative Barriers"

* Oscar Jorda, Federal Reserve Bank of San Francisco; Moritz Schularick, University of Bonn; and Alan Taylor, University of California, Davis and NBER, "Betting the House"

* Evi Pappa, Rana...