International seminar on macroeconomics.

• Position: Conferences

The NBER's 38th International Seminar on Macroeconomics took place in Zurich, Switzerland on June 26-27. The seminar was organized by research associates Jeffrey Frankel of Harvard University, Francesco Giavazzi of Bocconi University, Helene Rey of London Business School, and Kenneth West of University of Wisconsin-Madison. These papers were discussed:

* Tarek A. Hassan, University of Chicago and NBER; Thomas Mertens, New York University; and Tony Zhang, University of Chicago, "Not so Disconnected: Exchange Rates and the Capital Stock" (NBER Working Paper No. 21445)

* Lorenzo Bretscher and Christian Julliard, London School of Economics, and Carlo Rosa, Federal Reserve Bank of New York, "Human Capital and International Portfolio Diversification: A Reappraisal"

* Harris Dellas and Dirk Niepelt, University of Bern, "Sovereign Debt with Heterogeneous Creditors"

* Anton Korinek, Johns Hopkins University and NBER, and Damiano Sandri, International Monetary Fund, "Capital Controls or Macroprudential Regulation?" (NBER Working Paper No. 20805)

* Javier Bianchi, University of Wisconsin-Madison and NBER; Chenxin Liu, University of Wisconsin-Madison...