International trade and investment.

• Position: Program and Working Group Meetings

The NBER's Program on International Trade and Investment met in Cambridge on March 25 and 26, 2011. Program Director Robert C. Feenstra of the University of California, Davis organized the meeting. These papers were discussed:

* Matthieu Bussiere and Giulia Sestieri, Banque de France; Giovanni Callegari, IMF; Fabio Ghironi, Boston College and NBER; and Norihiko Yamano, OECD, "Estimating Trade Elasticities: Demand Composition and the Trade Collapse of 2008-9"

* Daniel Paravisini and Daniel Wolfenzon, Columbia University and NBER; Veronica Rappoport, Columbia University; and Philipp Schnabl, New York University, "Dissecting the Effect of Credit Supply on Trade: Evidence from Matched Credit-Export Data"

* Arnaud Costinot, MIT and NBER; Jonathan Vogel, Columbia University and NBER; and Su Wang, MIT, "An Elementary Theory of Global Supply Chains"

* Richard Baldwin, Graduate Institute, Geneva and NBER, and Anthony Venables, University of Oxford, "Relocating the Value Chain: Offshoring and Agglomeration in the Global Economy" (NBER Working Paper No. 16611)

* Beatriz de Blas, Universidad Autonoma de Madrid, and...