LACEA-LAMES 2006: Congress Programme

The Congress Programme is subject to last minute changes.

This version of the Programme was viewed at 10/20/2006 2:45:37 AM

2ND NOVEMBER 2006

DAY OVERVIEW
08:00 - 09:00 REGISTRATION
09:00 - 09:30 OPENING CEREMONY
09:45 - 11:15 INVITED LECTURES AND PANELS
11:15 - 11:45 COFFEE BREAK
11:45 - 13:00 CONTRIBUTED SESSIONS
13:00 - 14:30 LUNCH
13:15 - 14:15 LACEA KEYNOTE LECTURE
13:15 - 14:15 LAMES KEYNOTE LECTURE
14:30 - 15:45 CONTRIBUTED SESSIONS
15:45 - 16:15 COFFEE BREAK
16:15 - 17:45 INVITED LECTURES AND PANELS
18:00 - 19:00 PLENARY LECTURE
10:30 - 10:45 JOURNAL ECONOMIA
10:45 - 12:00 JOURNAL ECONOMIA
12:30 - 13:45 JOURNAL ECONOMIA
15:15 - 16:30 JOURNAL ECONOMIA
16:45 - 18:00 JOURNAL ECONOMIA
18:00 - 19:15 JOURNAL ECONOMIA

08:00 - 09:00 REGISTRATION

09:00 - 09:30 OPENING CEREMONY

09:00 - 09:30 OPENING CEREMONY ()
Chairperson: Alejandro Hernandez, Instituto Tecnológico Autónomo de México
Room Gymnasium
09:45 - 11:15 INVITED LECTURES AND PANELS
LACEA

09:45 - 11:15 FOREIGN BANKS IN EMERGING ECONOMIES (LACEA)
Chairperson:
Discussant: Rafael Repullo, CEMFI
Room Auditorium
  FOREIGN BANKS IN TRANSITION COUNTRIES. TO WHOM DO THEY LEND AND HOW ARE THEY FINANCED?
Ralph de Haas, EBRD

  
  INTERNATIONAL BANKS, CROSS BORDER GUARANTEES AND REGULATION
Andrew Powell, Inter American Development Bank

  
  FOREIGN BANKS IN POOR COUNTRIES, THEORY AND EVIDENCE
Enrica Detragiache, IMF
  
09:45 - 11:15 INVITED LECTURE IN HONOR OF ALBERT HIRSCHMAN (LACEA)
Chairperson: Nora Lustig, UNDP
Discussant: Sachs Jeffrey, Columbia University
Room Gymnasium
09:45 - 11:15 INVITED LECTURES AND PANELS
LAMES - Econometrics and Empirical Economics

09:45 - 11:15 ECONOMETRIC THEORY (LAMES EEE)
Chairperson:
Room
  GOODNESS-OF-FIT TESTS FOR FUNCTIONAL DATA
Joel Horowitz, Northwestern University

  
  NONPARAMETRIC LIKELIHOOD: EFFICIENCY AND ROBUSTNESS
Yuichi Kitamura, Yale University
  
09:45 - 11:15 INVITED LECTURES AND PANELS
LAMES - Theoretical and Applied Economics

09:45 - 11:15 ECONOMIC THEORY (LAMES TAE)
Chairperson: Salvador Barbera, Universitat Autonoma de Barcelona
Room 101
  PRICING IN MATCHING MARKETS
Andrew Postlewaite, University of Pennsylvania
Co-Authors: George Mailath, University of Pennsylvania and Larry Samuelson, University of Wisconsin

  
  MONOTONE BAYESIAN EQUILIBRIUM IN GAMES OF STRATEGIC COMPLEMENTARITIES
Xavier Vives, IESE
  
11:15 - 11:45 COFFEE BREAK

11:45 - 13:00 CONTRIBUTED SESSIONS
LACEA

11:45 - 13:00 ECONOMIC CRISES (LACEA)
Chairperson: Eduardo Fernández-Arias, Inter-American Development Bank
Room Aud
  THE PERSISTENCE OF THE CURRENT ACCOUNT SURPLUS FOLLOWING AN EXTERNAL SECTOR CRISIS
Juan Manuel Jauregui, IAE Business School

  
  GROWTH COLLAPSES AND PRODUCTIVITY DESTRUCTION
Eduardo Fernández-Arias, Inter-American Development Bank
Co-Authors: Juan Blyde, Inter-American Development Bank and Christian Daude, University of Maryland at College Park

  
  PHOENIX MIRACLES IN EMERGING MARKETS:RECOVERING WITHOUT CREDIT FROM SYSTEMIC FINANCIAL CRISES
Ernesto Talvi, CERES
Co-Authors: Guillermo Calvo, Inter_American Develpment Bank and University of Maryland and Alejandro Izquierdo, Inter-American Development Bank
  
11:45 - 13:00 THE DEVELOPMENT OF LATIN AMERICAN BOND MARKETS (LACEA)
Chairperson:
Organizer: Eduardo Borensztein ,
Discussant: Augusto de la Torre, World Bank
Room 108
  IN SEARCH FOR THE RIGHT METRIC FOR CORPORATE BOND MARKETS IN ARGENTINA
Sergio Pernice , CEMA

  
  THE DEVELOPMENT OF BRAZILIAN BOND MARKET
Andre Carvalhal da Silva, Instituto COPPEAD

  
  THE DEVELOPMENT AND CHALLENGES FACED BY THE MEXICAN BOND MARKET
Sara Castellanos, Banco de México and Lorenza Martínez, ITAM
  
11:45 - 13:00 INFLATION PERSISTANCE IN LATIN AMERICA I (LACEA)
Chairperson:
Room 107
  THE EVOLVING INFLATION PROCESS IN BRAZIL
Waldyr Areosa, Department of Economics, Pontifícia Universidade Católica (PUC-Rio, Brazil) and Banco Central do Brasil

  
  DISINFLATION UNDER IMPERFECT CREDIBILITY IN COLOMBIA
Franz Haman, Central Bank of Colombia

  
  REGIME SWITCHING IN INFLATION DYNAMICS: DOES INFLATION TARGETING MATTERS?
Vicente Tuesta, Banco Central de Reserva del Perú
  
11:45 - 13:00 LATIN AMERICAN AND THE CARIBBEAN RESPOND TO THE GROWTH OF CHINA AND INDIA (LACEA)
Chairperson: Guillermo Perry, World Bank
Organizer: Olarreaga Marcelo, World Bank
Room 101
  CHINA AND INDIA S TRADE: OPPORTUNITY OR THREAT FOR LAC EXPORTERS?
Soloaga Isidro, Universidad de las Americas,Puebla

  
  CHINA AND THE RECENT EVOLUTION OF LATIN AMERICA S MANUFACTURING EXPORTS
Gordon Hanson, UC San Diego

  
  SUBSTITUTION BETWEEN FOREIGN CAPITAL IN CHINA, INDIA, AND THE REST OF THE WORLD: MUCH ADU ABOUT NOTHING?
Daniel Lederman, World Bank

  
  EFFECTS ON SERVICE TRADE WITH THE UNITED STATES
Caroline Freund, The World Bank
  
11:45 - 13:00 POVERTY AND GROWTH (LACEA)
Chairperson:
Organizer: Luis Felipe Lopez-Calva, ITESM, Mexico City Campus
Room 106
  MDG’S IN MEXICO
Miguel Szekely, Private Consultant

  
  THE MICROECONOMICS OF POVERTY TRAPS IN MEXICO
Héctor J. Villarreal, EGAP / ITESM Campus Monterrey

  
  MEASURING CHRONIC POVERTY
James Foster, Vanderbilt University
Co-Author: Maria Santos, Universidad Nacional del Sur
  
11:45 - 13:00 EDUCATION AND SOCIAL EXPENDITURE (LACEA)
Chairperson: Olivera Mauricio, GWU
Room SA1
  ENDOGENOUS PEER EFFECTS IN SCHOOL PARTICIPATION
Gustavo Bobonis, University of Toronto
Co-Author: Frederico Finan, University of California, Berkeley

  
  PUBLIC DEBT AND SOCIAL EXPENDITURES: FRIENDS OR FOES?
Olivera Mauricio, GWU
Co-Author: Eduardo Lora, Inter-American Development Bank

  
  DELAYED ENROLLMENT AND SCHOOL READINESS IN A DEVELOPING COUNTRY
Patrick McEwan, Wellesley College
Co-Author: Joseph Shapiro, University of Oxford
  
11:45 - 13:00 ESTIMATION OF DYNAMIC SIMULATED MODELS (LACEA)
Chairperson: Camilo Tovar, Bank for International Settlements
Room 105
  OIL SHOCKS AND MONETARY POLICY IN AN ESTIMATED DSGE MODEL FOR A SMALL OPEN ECONOMY
Claudio Soto, Central Bank of Chile
Co-Author: Juan Pablo Medina, Central Bank of Chile

  
  SYSTEM GMM ESTIMATION WITH A SMALL NUMBER OF INDIVIDUALS
Marcelo Soto, Instituto de Analisis Economico

  
  AN ANALYSIS OF DEVALUATIONS AND OUTPUT DYNAMICS IN LATIN AMERICA USING AN ESTIMATED DSGE MODEL
Camilo Tovar, Bank for International Settlements
  
11:45 - 13:00 LABOR FORCE PARTICIPATION (LACEA)
Chairperson: Pablo Castañeda, Superintendencia de AFP/ Boston University
Room SA2
  OCCUPATIONAL CHOICE AND WAGE DISTRIBUTION IN A GENERAL EQUILIBRIUM MODEL. EVIDENCE FROM CHILE:1965-2004
Puentes Esteban, Univerisity of Chicago

  
  PORTFOLIO CHOICE AND BENCHMARKING: THE CASE OF THE UNEMPLOYMENT INSURANCE FUND IN CHILE
Pablo Castañeda, Superintendencia de AFP/ Boston University

  
  PARTIAL-EQUILIBRIUM MODEL OF LABOR FORCE PARTICIPATION-EXPLAINING THE RENT RISES IN THE LABOR FORCE PARTICIPATION RATE IN DEVELOPING COUNTRIES-
Donald Robbins, Universidad de Antioquia
Co-Author: Daniel Salinas, Universidad de Antioquia
  
11:45 - 13:00 TOPICS ON DISCRIMINATION AND SEGREGATION I (LACEA)
Chairperson: Adrián Peralta-Alva, University of Miami
Room SA3
  THE GENDER WAGE GAP IN CHILE 1992-2003 FROM A MATCHING COMPARISONS PERSPECTIVE
Hugo Nopo, IADB

  
  OBESITY: AN UNINTENDED CONSEQUENCE OF TAXES AND THE GENDER WAGE GAP?
Adrián Peralta-Alva, University of Miami
Co-Author: Pere Gomis-Porqueras, Department of Economics, University of Miami

  
  APPAREL TRADE AND GENDER BIAS: LATIN AMERICA VS. ASIA
Darryl McLeod, Economics Dept., Fordham University
Co-Authors: María Eugenia Dávalos, Fordham University and William Gruben, Vice President and Senior Economist, Federal Reserve Bank of Dallas
  
11:45 - 13:00 PENSION ECONOMICS AND FINANCE (LACEA)
Chairperson: Ximena Quintanilla, University College London/ Institute for Fiscal Studies
Room B3
  EL SISTEMA DE PENSIONES DE CHILE, UNA PROYECCIÓN HASTA 2050
Angel Melguizo Esteso, Economista del Servicio de Estudios del BBVA
Co-Authors: David Taguas Coejo, Subdirector del Servicio de Estudios del BBVA and Agustín Vidal-Aragón de Olives, Director de Pensiones y Seguros América de BBVA

  
  DISABILITY RETIREMENT AMONG BRAZILIAN PUBLIC SERVANTS BETWEEN 1994 AND 2004
Marcelo Sales Pessoa, IPEA / EPGE-FGV / IBMEC-RJ
Co-Author: Paulo Tafner, IPEA/MPOG

  
  INDIVIDUALS CHICE OF PENSION SYSTEM. DID CHILEANS MAXIMISE PENSIONS WHEN CHOOSING BETWEEN PAYG AND FF-DC?
Ximena Quintanilla, University College London/ Institute for Fiscal Studies
  
11:45 - 13:00 FINANCIAL MARKETS (LACEA)
Chairperson: Galindo Arturo, Universidad de los Andes
Room B4
  ESTIMATING A THEORETICAL MODEL OF STATE BANKING COMPETITION USING A DYNAMIC PANEL: THE BRAZILIAN CASE
Bruno Rocha, IPE/USP
Co-Authors: Fábio Miessi, USP and Jose Carlos Silva, USP

  
  FINANCIAL CRISIS AND SECTORAL DIVERSIFICATION OF ARGENTINE BANKS, 1999-2004
Galindo Arturo, Universidad de los Andes
Co-Author: Bebczuk Ricardo, Universidad de la Plata

  
  RECURSIVE THICK MODELING AND THE CHOICE OF MONENATY POLICY IN MEXICO
Arnulfo Rodriguez, Banco de México
Co-Author: Pedro N. Rodriguez, Universidad Complutense de Madrid
  
11:45 - 13:00 FINANCIAL CRISES (LACEA)
Chairperson: Marcus Miller, Warwick University
Room B5
  INFORMATION STRUCTURE AND FINANCIAL CRISES: WHY DIDN’T LOMBARD STREET SOUND THE ALARM?
Juan Huitzilihuitl Flores Zendejas, Universidad Carlos III Madrid

  
  SOVEREIGN DEBT RESTRUCTURING: THE JUDGE, THE VULTURES AND CREDITOR RIGHTS
Marcus Miller, Warwick University
Co-Author: Dania Thomas, Universisty of Keele

  
  SOVEREIGN DEAFAULTERS: DO INTERNATIONAL CAPITAL MARKETS PUNISH THEM?
Diego Saravia, Pontificia Universidad Catolica de Chile
Co-Author: Miguel Fuentes, Universidad Católica de Chile
  
11:45 - 13:00 POLITICAL ECONOMY (LACEA)
Chairperson: Paulo Arvate,
Room 305
  FIGHTING FOR POWER AND STAYING IN POWER
Halvor Mehlum, University of Oslo
Co-Author: Karl Moene, University of Oslo

  
  HOW IMPORTANT IS THE CREDIBILITY PROBLEM IN POLITICS? EVIDENCE FROM STATE-LEVEL ABORTION LEGISLATION.
Francisco Rodríguez, Wesleyan University

  
  VERTICAL TRANSFERENCES AND THE APPROPRIATION OF RESOURCES BY THE BUREAUCRACY: THE CASE OF BRAZILIAN STATE GOVERNMENTS
Paulo Arvate,
Co-Authors: Nelson Marconi, Getulio Vargas Foundation, Joao Moura, and Paulo Palombo,
 
11:45 - 13:00 MONETARY POLICY IN OPEN ECONOMIES (LACEA)
Chairperson: Rodrigo Caputo, Central Bank of Chile
Room SA-1
  MONETARY POLICY, EXCHANGE RATE AND INFLATION INERTIA IN CHILE: A STRUCTURAL APPROACH
Rodrigo Caputo, Central Bank of Chile
Co-Author: Felipe Liendo, Central Bank of Chile

  
  WHY DO CENTRAL BANKERS INTERVENE IN THE FOREIGN EXCHANGE MARKET? SOME NEW EVIDENCE AND THEORY
Pablo Guerron, Northwestern University and North Carolina State U

  
  NONLINEAR MECHANISMS OF THE EXCHANGE RATE PASS-THROUGH: A PHILLIPS CURVE MODEL WITH THRESHOLD FOR BRAZIL
André Minella, Central Bank of Brazil
Co-Author: Arnildo Correa, Central Bank of Brazil
  
11:45 - 13:00 THE CHALLENGES OF SOCIAL INCLUSION (LACEA)
Chairperson: Luis Miguel Castilla, Corporación Andina de Fomento (CAF)
Room 104
  TEACHING ENTREPRENEURSHIP: IMPACT OF BUSINESS TRAINING ON MICROFINANCE CLIENTS AND INSTITUTIONS
Martin Valdivia, Grupo de Análisis para el Desarrollo (GRADE)
Co-Author: Dean Karlan, Yale University

  
  MEDIUM AND LONG RUN EFFECTS OF NUTRITION AND CHILD CARE: EVALUATION OF A COMMUNITY NURSERY PROGRAMME IN RURAL COLOMBIA
Orazio Attanasio, University college London

  
  THE PERFORMANCE OF DECENTRALIZED SCHOOL SYSTEMS: EVIDENCE FROM FE Y ALEGRIA IN VENEZUELA
Daniel Ortega, Corporación Andina de Fomento
  
11:45 - 13:00 NUTRITION INTERVENTIONS IN MEXICO (LACEA)
Chairperson: Gonzalo Hernandez, Consejo Nacional de Evaluacion de la Politica Social
Room B-2
  MILK FORTIFICATION: A STRATEGY TO IMPROVE HUMAN CAPITAL
Salvador Villalpando, Instituto Nacional de Salud Publica

  
  DOES URBANIZATION MAKE A DIFFERENCE? IMPACT EVALUATION OF OPRTUNIDADES IN URBAN MEXICO
Lynette Neufeld, Instituto de Salud Publica

  
  CLUES INTO THE DILEMMA CONDITIONAL CASH TRANSFERS VS. FOOD PROVISION: IMPACT EVALUATION OF A RANDOMIZED CONTROLLED EXPERIMENTAL TRIAL IN MEXICO
Mishel Unar, Instituto Nacional de Salud Publica
  
11:45 - 13:00 FOREIGN AID AND FDI (LACEA)
Chairperson: Katherine Terrell, University of Michigan
Room B1
  FOREIGN AID AND GROWTH IN AGGREGATE PRODUCTIVITY
Pablo Selaya, University of Copenhagen

  
  INTERNATIONAL MERGER WAVES
Muge Adalet, Victoria University of Wellington
Co-Authors: Julian di Giovanni, International Monetary Fund and Andre Faria, IMF, Research Department

  
  VERTICAL AND HORIZONTAL FDI SPILLOVERS IN TRANSITION ECONOMIES: DO INSTITUTIONS MATTER?
Katherine Terrell, University of Michigan
Co-Author: Jan Svejnar, University of Michigan
  
11:45 - 13:00 CONTRIBUTED SESSIONS
LAMES - Econometrics and Empirical Economics

11:45 - 13:00 ECONOMETRIC THEORY I (LAMES EEE)
Chairperson: Guido Kuersteiner, University of California at Davis
Room
  KERNEL ESTIMATION WHEN DENSITY MAY NOT EXIST
Victoria Zinde-Walsh, McGill University

  
  A CONSISTENT SPECIFICATION TEST FOR MODELS DEFINED BY CONDITIONAL MOMENT RESTRICTIONS
Manuel Domínguez, ITAM
Co-Author: Ignacio Lobato, ITAM

  
  DOES MONETARY POLICY MATTER? SEMIPARAMETRIC CONDITIONAL INDEPENDENCE TESTS USING THE POLICY PROPENSITY SCORE
Guido Kuersteiner, University of California at Davis
  
11:45 - 13:00 INTERNATIONAL ECONOMICS AND DEVELOPMENT I (LAMES EEE)
Chairperson: Jorge Carrera, Banco Central de la República Argentina
Room
  LONG RUN DETERMINANTS OF REAL EXCHANGE RATES IN LATIN AMERICA
Jorge Carrera, Banco Central de la República Argentina
Co-Author: Romain Restout, GATE, ENS Letters et Sciences Humaines, Lyon

  
  MACRO SHOCKS OVER THE BRAZILIAN YIELD CURVE WITH AFFINE MODELS
Marco Shinobu Matsumura, IPEA
Co-Author: Ajax Moreira, IPEA

  
  ON THE PURCHASING POWER PARITY FOR LATIN AMERICAN COUNTRIES
Jose Divino, Catholic University of Brasilia
Co-Authors: Joaquim Andrade, University of Brasilia and Vladimir Teles, Getulio Vargas Foundation - Sao Paulo School of Economics
  
11:45 - 13:00 EDUCATION I (LAMES EEE)
Chairperson: Juliano Assuncao, DEPARTMENT OF ECONOMICS, PUC-RIO
Room
  DEMAND FOR LOCALLY PROVIDED PUBLIC SCHOOLING IN BRAZILIAN MUNICIPALITIES: A MEDIAN VOTER APPROACH
Maria da Conceição Sampaio de Sousa, University of Brasilia - Department of Economics
Co-Author: Constantino Cronemberger Mendes, IPEA

  
  SCHOOL ATTAINMENTS OF WORKING TEENAGERS
Maria Carolina Leme, Getulio Vargas Foundation

  
  THE EFFECT OF AFFIRMATIVE ACTION IN UNIVERSITY ADMISSION ON HIGH SCHOOL STUDENTS' PROFICIENCY
Juliano Assuncao, DEPARTMENT OF ECONOMICS, PUC-RIO
Co-Author: Bruno Ferman, Department of Economics, PUC-Rio
  
11:45 - 13:00 APPLIED MACROECONOMICS I (LAMES EEE)
Chairperson: Marcelo Mello, Ibmec/RJ and Virginia Tech
Room
  STOCHASTIC CONVERGENCE AMONG U.S. STATES AND REGIONS
Marcelo Mello, Ibmec/RJ and Virginia Tech

 
  HOW TO BE LESS IGNORENT ABOUT THE SOLOW RESIDUAL
Camilla Josephson, London School of Economics

  
  OIL PRICE SHOCKS AND MACROECONOMIC DYNAMICS: THE ROLE OF INVENTORIES
Ana María Herrera, Michigan State University
  
11:45 - 13:00 EMPIRICAL FINANCE I (LAMES EEE)
Chairperson: Pelin Berkmen, International Monetary Fund
Room
  ON THE REAL EFFECTS OF INFLATION AND INFLATION UNCERTAINTY IN MEXICO
Kevin Grier, University of Oklahoma
Co-Author: Robin Grier, University of Oklahoma

  
  EXCHANGE RATE POLICY AND LIABILITY DOLLARIZATION: AN EMPIRICAL STUDY
Pelin Berkmen, International Monetary Fund
Co-Author: Eduardo Cavallo, Harvard University and IADB

  
  A BAYESIAN METHOD OF FORECAST AVERAGING FOR MODELS KNOWN ONLY BY THEIR HISTORIC OUTPUTS: AN APPLICATION TO THE BCRAS REM
Pedro Elosegui, Banco Central República Argentina
Co-Authors: Francisco Lepone, BCRA and George McCandless, Banco Central de la República Argentina
  
11:45 - 13:00 CONTRIBUTED SESSIONS
LAMES - Theoretical and Applied Economics

11:45 - 13:00 EXCHANGE RATES (LAMES TAE)
Chairperson: David Backus, Stern School, New York University
Room
  REAL EXCHANGE RATES AND THE RELATIVE PRICE OF NONTRADED GOODS
Caroline Betts, University of Southern California
Co-Author: Timothy Kehoe, University of Minnesota

  
  TRADE COSTS AND INTERNATIONAL PRICE DISPERSION

Co-Authors: Mario Crucini, , Zumrut Imamoglu, and Chris Telmer, Carnegie Mellon University

  
  DEVALUATION BELIEFS AND DEBT CRISIS: THE ARGENTINEAN CASE
Jose Maria Da Rocha, ITAM
  
11:45 - 13:00 ANTITRUST AND FIRM BEHAVIOR (LAMES TAE)
Chairperson: Rafael Del Villar, Banco de México
Room
  PRIVATE V. PUBLIC ANTITRUST ENFORCEMENT
Sue Mialon, University of North Dakota

  
  UNCOVERING DYNAMIC INTERRELATIONSHIPS IN THE PROCESS OF CRIMINAL ANTITRUST INVESTIGATIONS
Vivek Ghosal, Georgia Institute of Technology

  
  HOW REASONABLE IS THE "REASONABLE" ROYALTY RATE? DAMAGE RULES AND PROBABILISTIC INTELLECTUAL PROPERTY RIGHTS
Jay Choi, Michigan State University
  
11:45 - 13:00 POLITICAL COMPETITION (LAMES TAE)
Chairperson: Maurício Bugarin, University of Brasilia and University of Illinois at Urbana Champaign
Room
  SPATIAL ELECTORAL COMPETITION WITH PRE-POSITIONED PARTIES
Alejandro Lugon, CENTRUM-PUCP

  
  POLITICAL BUDGET CYCLES IN A FISCAL FEDERATION: THE EFFECT OF PARTISAN VOLUNTARY TRANSFERS
Maurício Bugarin, University of Brasilia and University of Illinois at Urbana Champaign
Co-Author: Ivan Fecury Sydrião Ferreira, Banco Central do Brasil

  
  A MODEL OF POLITICAL COMPETITION WITH ACTIVISTS APPLIED TO THE ELECTIONS OF 1989 AND 1995 IN ARGENTINA
Guido Cataife, Washington University in Saint Louis
Co-Author: Norman Schofield, Washington University
  
11:45 - 13:00 EVOLUTIONARY AND DYNAMIC GAMES (LAMES TAE)
Chairperson: Héctor Salgado-Banda, BANCO DE MEXICO
Room
  CHOOSING OPPONENTS IN PRISONERS’ DILEMMA: AN EVOLUTIONARY ANALYSIS
Peter Engseld, Lund University
Co-Author: Andreas Bergh, Ratio institute

  
  COLLECTIVE ACTIONS TO PROTECT THE ENVIRONMENT. A LEARNING DYNAMICS
Paloma Zapata-Lilo, Facultad de Ciencias, UNAM

  
  COMPETING OR COLLUDING IN A STOCHASTIC ENVIRONMENT
Héctor Salgado-Banda, BANCO DE MEXICO
Co-Author: ADRIANA BRECCIA, UNIVERSITY OF YORK
  
11:45 - 13:00 TAXATION AND PENSION REFORM (LAMES TAE)
Chairperson: Gustavo Ventura, Penn St. University
Room
  MACROECONOMIC IMPLICATIONS OF EARLY RETIREMENT IN THE PUBLIC SECTOR: THE CASE OF BRAZIL
Gerhard Glomm, Indiana University
Co-Authors: Juergen Jung, and Chung Tran,

 
  TAX REFORM AND FORMALIZATION OF THE ECONOMY: SIMULATING DIFFERENT ALTERNATIVES FOR BRAZIL
Renata Narita, University College London
Co-Authors: Reynaldo Fernandes, INEP/Ministry of Education of Brazil and Univ. of Sao Paulo and Amaury Gremaud, INEP/Ministry of Education of Brazil and Univ. of Sao Paulo

  
  TAXATION, AGGREGATES AND THE HOUSEHOLD
Gustavo Ventura, Penn St. University
  
11:45 - 13:00 ASSET PRICING (LAMES TAE)
Chairperson: Juan Pablo Nicolini, Universidad Di Tella
Room
  HOUSING MARKET AND CURRENT ACCOUNT IMBALANCES IN A TWO-SECTOR OPEN ECONOMY MODEL
Maria Teresa Punzi, Boston College

  
  EXPLORING THE BUSINESS CYCLE AND ASSET PRICING IMPLICATIONS OF A GENERAL EQUILIBRIUM MODEL WITH AGENCY COSTS
Cesar Serra, University of California, Los Angeles

  
  STOCK MARKET VOLATILITY AND LEARNING
Juan Pablo Nicolini, Universidad Di Tella
Co-Authors: Klauss Adam, European Central Bank and Albert Marcet, Universitat Pompeu Fabra
  
11:45 - 13:00 CONTRACTS (LAMES TAE)
Chairperson: Anastasia Kartasheva, Georgia State University
Room
  LEGAL ENFORCEMENT, COLLATERAL AND HETEROGENEITY OF PROJECT FINANCING CONTRACTS
Gabriel Madeira, University of Chicago

  
  A THEORY OF DISMANTLING A JOINT OWNERSHIP: THE ROLE OF THE VENTURE CAPITALIST IN AN IPO
Rodolfo Campos, UCLA
Co-Authors: Gonzalo Islas, UCLA and Raphael Lam, UCLA

  
  OPTIMAL DESIGN OF INVESTMENT PROMOTION POLICIES
Anastasia Kartasheva, Georgia State University
  
13:00 - 14:30 LUNCH

13:15 - 14:15 LACEA KEYNOTE LECTURE

13:15 - 14:15 REFORMING PENSIONS IN THE AMERICAS - GETTING IT WRONG AND RIGHT (LACEA)
Chairperson: Klaus Schmidt-Hebbel, Banco Central de Chile
Room Gymnasium
  REFORMING PENSIONS IN THE AMERICAS - GETTING IT WRONG AND RIGHT
Lawrence Kotlikoff, Boston University
  
13:15 - 14:15 LAMES KEYNOTE LECTURE

13:15 - 14:15 LAMES MIGUEL SIDRAUSKI LECTURE (LAMES TAE)
Chairperson:
Room Bailleres Auditorium
  COMMITMENT AND BREAKDOWN IN BARGAINING AMONG THE MANY
Andreu Mas-Colell, Universitat Pompeu Fabra
  
14:30 - 15:45 CONTRIBUTED SESSIONS
LACEA

14:30 - 15:45 INFLATION PERSISTANCE IN LATIN AMERICA II (LACEA)
Chairperson:
Organizers: Nicoletta Batini, IMF and Roberto Garcia-Saltos, IMF
Room 107
  INFLATION PERSISTENCE AND MONETARY POLICY IN THE MEXICAN ECONOMY
Ana M. Aguilar, Banco de México

  
  INFLATION PERSISTENCE, PRICE STICKINESS AND WAGE SETTING IN CHILE: A STRUCTURAL APPROACH
Juan Pablo Medina, Central Bank of Chile
Co-Authors: Rodrigo Caputo, Central Bank of Chile and Claudio Soto, Central Bank of Chile

  
  INFLATION PERSISTENCE IN LATIN AMERICA?
Nicoletta Batini, IMF
  
14:30 - 15:45 DECENTRALIZATION OF PUBLIC SERVICE DELIVERY IN MEXICO (LACEA)
Chairperson:
Organizer: Gladys Lopez-Acevedo, World Bank
Discussants: Gerardo Esquivel, Colegio de México and Steve Webb, World Bank
Room 106
  DECENTRALIZATION AND PUBLIC SERVICES DELIVERY
Gladys Lopez-Acevedo, World Bank and Steve Webb, World Bank
  
14:30 - 15:45 THE DEVELOPMENT IMPACT OF WORKERS' REMITTANCES (LACEA)
Chairperson: Guillermo Perry, World Bank
Organizers: Pablo Fajnzylber, World Bank and J. Humberto Lopez, World Bank
Room 104
  THE DEVELOPMENT IMPACT OF REMITTANCES IN LAC
Pablo Fajnzylber, World Bank and J. Humberto Lopez, World Bank

  
  REMITTANCES AND ECONOMIC DEVELOPMENT
Nicola Spatafora, IMF

  
  WORKERS REMITTANCES AND SOCIAL CHANGE
Donald Terry, IADB
  
14:30 - 15:45 BANKING (LACEA)
Chairperson: Jose L. Negrin, Banco de Mexico
Room B-4
  RISK, CONCENTRATION AND REGULATION IN THE COLOMBIAN BANKING SYSTEM
Jorge Tovar, Universidad de Los Andes
Co-Authors: Juan Carlos Echeverry, Universidad de Los Andes and Christian Jaramillo H., Universidad de los Andes

  
  COMPETITION IN THE MEXICAN BANKING SYSTEM 2000-2005: A DISAGGREGATED ANALYSIS.
Jose L. Negrin, Banco de Mexico

  
  BANKIN SPREADS IN LATIN AMERICA
Gastón Gelos, International Monetary Fund
  
14:30 - 15:45 BUSINESS CYCLES (LACEA)
Chairperson: Federico S Mandelman, Boston College at this time, Federal Reserve Bank of Atlanta at the time of the conference.
Room 305
  CHAIN REACTIONS, TRADE CREDIT AND THE BUSINESS CYCLE
Miguel Cardoso-Lecourtois, BBVA ECONOMIC RESEARCH DEPARTMENT

  
  LOOKING FOR NONLINEARITIES AND ASYMMETRIES OVER THE MEXICAN BUSINESS CYCLE
Pablo Mejía-Reyes, Facultad de Economía, Universidad Autónoma del Estado de México

  
  BUSINESS CYCLES AND MONETARY REGIMES IN EMERGING ECONOMIES: A ROLE FOR A MONOPOLISTIC BANKING SECTOR.
Federico S Mandelman, Boston College at this time, Federal Reserve Bank of Atlanta at the time of the conference.
  
14:30 - 15:45 EDUCATION I (LACEA)
Chairperson:
Room 306
  USING SCHOOL SCHOLARSHIPS TO ESTIMATE THE EFFECT OF GOVERNMENT SUBSIDIZED PRIVATE EDUCATION ON ACADEMIC ACHIEVEMENT IN CHILE
Alejandra Mizala, Universidad de Chile
Co-Authors: Priyanka Anand, American Institutes for Research and Andrea Repetto, Universidad de Chile

  
  QUALITY OF SCHOOLING AND QUALITY OF SCHOOLS FOR INDIGENOUS STUDENTS IN GUATEMALA, MEXICO AND PERU
Harry Patrinos, World Bank
Co-Author: Joseph Shapiro , Oxford University

  
  DETERMINANTS OF INDIGENOUS STUDENT ACHIEVEMENT
Martha Hernandez-Zavala, The World Bank
Co-Author: Heather Marie Layton, The World Bank
  
14:30 - 15:45 INTERNATIONAL TRADE I (LACEA)
Chairperson: Pablo Sanguinetti, Universidad Torcuato Di Tella
Room B3
  LABOR REALLOCATION IN RESPONSE TO TRADE REFORM
Marc-Andreas Muendler, University of California, San Diego

  
  RANDOM VERSUS CONSCIOUS SELECTION INTO EXPORT MARKETS - THEORY AND EMPIRICAL EVIDENCE
Ricardo Lopez, Indiana University
Co-Author: Julian Emami-Namini, University of Duisburg-Essen

  
  SOUTH-SOUTH INTEGRATION AGREEMENTS AND THE DYNAMICS OF REGIONAL SPECIALIZATION: DO PREFERENTIAL TARIFFS MATTER?*
Pablo Sanguinetti, Universidad Torcuato Di Tella
  
14:30 - 15:45 MIGRANT REMITTANCES AND DEVELOPMENT (LACEA)
Chairperson: Maurice Kugler, Center for International Development at Harvard University
Room SA3
  WHAT IS THE IMPACT OF INTERNATIONAL REMITTANCES ON POVERTY AND INEQUALITY IN LATIN AMERICA?
Pablo Acosta, Corporacion Andina de Fomento
Co-Authors: Cesar Calderon, World Bank, Pablo Fajnzylber, World Bank and J. Humberto Lopez, World Bank

  
  MIGRANT REMITTANCES, HUMAN CAPITAL FORMATION AND JOB CREATION EXTERNALITIES IN CENTRAL AMERICA
Maurice Kugler, Center for International Development at Harvard University

  
  WHAT DRIVES INTERNAL MIGRATION IN MEXICO? A GRAVITY MODEL APPROACH
Soloaga Isidro, Universidad de las Americas,Puebla
  
14:30 - 15:45 SOCIAL POLICY AND HEALTH (LACEA)
Chairperson: Roberto Machado, Inter-American Development bank
Room SA2
  MEDICAL BEHAVIOR: AN APPLICATION TO CESAREAN SECTION DELIVERY IN URUGUAY
Patricia Triunfo, Department of Economics
Co-Authors: Leonel Muinelo, Department of Economics and Máximo Rossi, Department of Economics

  
  THE EFFECT OF INCOME ON DEMAND FOR MICRONUTRIENTS IN POOR RURAL MEXICO
Vincenzo Di Maro, University College London
Co-Authors: Teresa Gonzalez-Cossio, Instituto Nacional de Salud Publica, Sonia Rodríguez Ramírez, Instituto Nacional de Salud Publica and Emmanuel Skoufias, The World Bank

  
  AID AND FISCAL POLICY IN NICARAGUA: A FISCAL RESPONSE ANALYSIS
Roberto Machado, Inter-American Development bank
  
14:30 - 15:45 IMPROVING LIVING STANDARDS (LACEA)
Chairperson: Maria Victoria Fazio, WORLD BANK
Room B5
  A SYSTEMIC ASSESSMENT OF MDG ACHIEVEMENT: THE CASE OF GUATEMALA
Juan F. Castro, Universidad del Pacifico

  
  BREAKING THE CYCLE OF UNDERINVESTMENT IN HUMAN CAPITAL IN LATIN AMERICA„U
Maria Victoria Fazio, WORLD BANK
Co-Authors: Omar Arias, World Bank, ana maria diaz, world bank and Maria Victoria Fazio, WORLD BANK

  
  A SUBJECTIVE WELL-BEING EQUIVALENCE SCALE FOR MEXICO: ESTIMATION AND POVERTY AND INCOME-DISTRIBUTION IMPLICATIONS
Mariano Rojas, Universidad de las Americas, Puebla, Mexico
  
14:30 - 15:45 FINANCIAL ECONOMICS (LACEA)
Chairperson: Demian Panigo, UNLP, ENS
Room 105
  MERGERS AS AUCTIONS
Jrisy Esther Motis Espejel, University of Toulouse-EHESS (GREMAQ)
Co-Author: Marc Ivaldi, Université de Toulouse

  
  THE COST OF EQUITY IN LATIN AMERICA
Demian Panigo,
Co-Author: Ricardo Pasquini,

 
  TAX INCENTIVES AND BUSINESS INVESTMENT: NEW EVIDENCE FROM MEXICO
Arturo Ramírez Verdugo, Protego Asesores
  
14:30 - 15:45 OPEN MACROECONOMICS I (LACEA)
Chairperson: Klaus Schmidt-Hebbel, Banco Central de Chile
Room B. Auditorium
  GLOBAL IMBALACES OR BAD ACCOUNTING? THE MISSING DARK MATTER IN THE WEALTH OF NATIONS
Federico Sturzenegger, Harvard University
Co-Author: Jeromin Zettelmeyer, imf

  
  MULTILATERAL INTERMEDIATION OF CONCESSIONAL LENDING: WHAT IS THE TRADE-OFF FOR DONOR COUNTRIES?
Andrew Powell, Inter American Development Bank
Co-Author: Matteo Alessandro Bobba, Inter American Development Bank

  
  REVISITING THE FELDSTEIN-HORIOKA PUZZLE: AN INSTITUTIONAL SECTOR VIEW
Klaus Schmidt-Hebbel, Banco Central de Chile
  
14:30 - 15:45 POLITICAL ECONOMY OF REFORM (LACEA)
Chairperson: Carlos M. Urzúa, Tecnológico de Monterrey, Campus Ciudad de México
Room SA1
  CONSENSOS Y DISENSOS ENTRE LOS ECONOMISTAS MEXICANOS
Carlos M. Urzúa, Tecnológico de Monterrey, Campus Ciudad de México

  
  INEQUALITY HAS SLOWED REFORM IN LATIN AMERICA
Nancy Birdsall, Center for Global Development

  
  POLITICAL INFLUENCE AND ENVIRONMENTAL REGULATION: EVIDENCE FROM MUNICIPAL ELECTORAL CYCLES IN URBAN BRAZIL
Claudio Ferraz, University of California, Berkeley and Instituto de Pesquisa Economica Aplicada
 
14:30 - 15:45 THE IMPACT OF HOUSING AND LOCAL DEVELOPMENT INTERVENTIONS (LACEA)
Chairperson: Felix Velez, SEDESOL
Room B-2
  A FIRM FOUNDATION TO A HAPPY AND HEALTHY LIFE
Paul J. Gertler, The World Bank

  
  HOUSING PROJECTS FOR THE POOR: THE IMPACT OF "TU CASA" PROGRAM IN MEXICO
Sebastian Galiani, Universidad de San Andrés

  
  INSTITUTIONAL COORDINATION AND LOCAL DEVELOPMENT: THE IMPACT OF TERRITORIAL STRATEGIES IN MEXICO
Andres Zamudio, ITESM, Campus Ciudad de Mexico
  
14:30 - 15:45 CAPITAL FLOWS TO EMERGING MARKETS (LACEA)
Chairperson: Sebastian Nieto Parra , Institut d'Etudes Politiques de Paris (Sciences Po Paris)
Room 108
  CAPITAL FLOWS TO BRIC'S COUNTRIES. FUNDAMENTALS OR JUST LIQUIDITY?
Eduardo Pedreira-Collazo, BBVA Research Department

  
  INEFFECTIVE CONTROLS ON CAPITAL INFLOWS UNDER SOPHISTICATED FINANCIAL MARKETS: BRAZIL IN THE NINETIES
Marcio Garcia, PUC-Rio

  
  THE USUAL SUSPECTS: INVESTMENT BANKS’ RECOMMENDATIONS AND EMERGING MARKETS
Sebastian Nieto Parra , Institut d'Etudes Politiques de Paris (Sciences Po Paris)
Co-Author: Javier Santiso , OECD
  
14:30 - 15:45 REGULATION (LACEA)
Chairperson:
Room B1
14:30 - 15:45 CONTRIBUTED SESSIONS
LAMES - Econometrics and Empirical Economics

14:30 - 15:45 HEALTH I (LAMES EEE)
Chairperson: Marta Rubio Codina, University of Toulouse I
Room
  CHILD CARE PROVISION: SEMIPARAMETRIC EVIDENCE FROM A RANDOMIZED EXPERIMENT IN RURAL MEXICO.
Marta Rubio Codina, University of Toulouse I

  
  CHILD CARE SUBSIDIES UNDER RATIONING AND EMPLOYMENT OF SINGLE MOTHERS
Julio Guzman, University of Chicago

  
  MATERNAL SMOKING DURING PREGNANCY AND CHILD BIRTH WEIGHT
Emma Tominey, UCL
  
14:30 - 15:45 APPLIED MACROECONOMICS II (LAMES EEE)
Chairperson: Pablo Guerron, Northwestern University and North Carolina State U
Room
  EVIDENCE ABOUT MERCOSUR'S BUSINESS CYCLE
Carlos Enrique Carrasco Gutierrez, Escola de Pós-Graduação em Economia - Fundação Getulio Vargas (EPGE-FGV)
Co-Author: Fábio Augusto Reis Gomes, Escola de Governo - Fundação João Pinheiro (EG-FJP) and Centro de Pesquisa em Economia Internacional (CEPE)

  
  NON-SEPARABILITY, HETEROGENEOUS LABOR SUPPLY, INVESTMENT, AND THE BUSINESS CYCLE
Pablo Guerron, Northwestern University and North Carolina State U

  
  THE CAUSAL EFFECT OF EDUCATION ON AGGREGATE INCOME
Marcelo Soto, Instituto de Analisis Economico
  
14:30 - 15:45 ECONOMETRIC THEORY II (LAMES EEE)
Chairperson: Alfonso Flores-Lagunes, University of Arizona
Room
  TIME EFFECTS, ECONOMIC EFFECTS, AND PROGRAMME IMPACTS
Miguel Foguel, Instituto de Pesquisa Economica Aplicada and University College London

  
  PAIRWISE-DIFFERENCE ESTIMATION OF INCOMPLETE INFORMATION GAMES.
Aradillas-Lopez Andres, Princeton University

  
  IDENTIFICATION AND ESTIMATION OF CAUSAL MECHANISMS AND NET EFFECTS OF A TREATMENT
Alfonso Flores-Lagunes, University of Arizona
Co-Author: Carlos A. Flores, University of Miami
  
14:30 - 15:45 INTERNATIONAL ECONOMICS AND DEVELOPMENT II (LAMES EEE)
Chairperson: Maria Soledad Martinez Peria, World Bank
Room
  DO WORKERS’ REMITTANCES PROMOTE FINANCIAL DEVELOPMENT?
Maria Soledad Martinez Peria, World Bank
Co-Authors: Reena Aggarwal, Georgetown University and Asli Demirguc-Kunt, World Bank

  
  SHARED LEGACIES, DISPARATE OUTCOMES: WHY AMERICAN SOUTH BORDER CITIES TURNED THE TABLES ON CRIME AND THEIR MEXICAN SISTERS DID NOT
Pedro Albuquerque, Texas A&M International University

  
  JOINING LONGITUDINAL AND CROSS-SECTION DATA FOR THE ESTIMATION OF THE DETERMINANTS OF CONSUMPTION IN NICARAGUA
Randolph Bruno, Sant'Anna School of Advanced Studies, LEM, Pisa
Co-Author: Marco Stampini, sant'anna school of advanced studies
  
14:30 - 15:45 EMPIRICAL FINANCE II (LAMES EEE)
Chairperson: Vicente Tuesta, Banco Central de Reserva del Perú
Room
  THE EXCHANGE RATE AND THE “FUNDAMENTALS” IN MEXICO 1985-2005: A SVAR MODEL
Armando Sanchez, Center of Economic Modeling and Forecasting, School of Economics, UNAM
Co-Authors: Eduardo Loria, Center of Economic Modeling and Forecasting, School of Economics, UNAM, Eduardo Loria, Center of Economic Modeling and Forecasting, School of Economics, UNAM and Uberto Salgado, Center of Economic Modeling and Forecasting, School of Economics, UNAM

  
  THE EURO AND INFLATION UNCERTAINTY IN THE EUROPEAN MONETAYR UNION
Guglielmo Maria Caporale, Brunel University, London

  
  EURO-DOLLAR REAL EXCHANGE RATE DYNAMICS IN AN ESTIMATED TWO-COUNTRY MODEL: WHAT IS IMPORTANT AND WHAT IS NOT
Vicente Tuesta, Banco Central de Reserva del Perú
Co-Author: Pau Rabanal, Caixa
  
14:30 - 15:45 CONTRIBUTED SESSIONS
LAMES - Theoretical and Applied Economics

14:30 - 15:45 INDUSTRIAL ORGANIZATION I (LAMES TAE)
Chairperson: Jose Gallardo, Organismo Supervisor de la Inversion en Telecomunicaciones
Room
  THE ROLE OF CONSUMER'S RISK AVERSION ON PRICE RIGIDITY
Sergio A. Lago Alves, Central Bank of Brazil
Co-Author: Mirta Bugarin, University of Brasilia

  
  ECONOMETRIC ANALYSIS OF HOUSEHOLD ELECTRICITY DEMAND IN PERU
Luis Bendezu, Organismo Supervisor de la Inversion en Energia
Co-Author: Jose Gallardo, Organismo Supervisor de la Inversion en Telecomunicaciones

  
  AUCTIONING WILDCAT TRACTS IN THE GULF OF MEXICO
Nicolas Melissas, ITAM
  
14:30 - 15:45 MODELLING PREFERENCES AND CHOICE (LAMES TAE)
Chairperson: Federico Echenique, Caltech
Room
  AMBIGUITY THROUGH CONFIDENCE FUNCTIONS
José Heleno Faro, Instituto Nacional de Matemática Pura e Aplicada
Co-Author: Alain Chateauneuf, CERMSEM, Université de Paris I

  
  ORDER EXTENSIONS, OPPORTUNITY CORRESPONDENCES, AND RATIONAL CHOICE
Susanne Fuchs-Seliger, University of Karlsruhe

  
  SUPERMODULARITY IS NOT FALSIFIABLE
Federico Echenique, Caltech
Co-Author: Christopher Chambers, Caltech
  
14:30 - 15:45 ECONOMICS OF THE FAMILY (LAMES TAE)
Chairperson: Pena Ximena, Georgetown University
Room
  MARRIAGE, DIVORCE, AND STIGMA: GLOBAL SOCIAL INTERACTIONS IN AN OVERLAPPING GENERATIONS ENVIRONMENT
Finn Christensen, Towson University

  
  ALTRUISM, FERTILITY, AND THE VALUE OF CHILDREN: HEALTH POLICY EVALUATION AND INTERGENERATIONAL WELFARE
Rodrigo Soares, Univesity of Maryland and PUC-Rio
Co-Author: Javier Birchenall, University of California at Santa Barbara

  
  ASSORTATIVE MATCHING AND THE EDUCATION GAP
Pena Ximena, Georgetown University
  
14:30 - 15:45 MONETARY POLICY (LAMES TAE)
Chairperson: Alberto Torres, Banco de México
Room
  A STUDY ON ADMINISTERED PRICES AND OPTIMAL MONETARY POLICY: THE BRAZILIAN CASE
Mirta Bugarin, University of Brasilia
Co-Author: Paulo Springer de Freitas, Brazilian Federal Senate

  
  THE INEQUALITY CHANNEL OF MONETARY TRANSMISSION
Waldyr Areosa, Department of Economics, Pontifícia Universidade Católica (PUC-Rio, Brazil) and Banco Central do Brasil
Co-Author: Marta Areosa, Department of Economics, Pontifícia Universidade Católica (PUC-Rio, Brazil) and Banco Central do Brasil

  
  INFLATION AND INEQUALITY
Fabia Carvalho, Central Bank of Brazil and University of Brasilia
Co-Author: Danniel Lafeta, Central Bank of Brazil and University of Brasilia
  
14:30 - 15:45 INNOVATION AND GROWTH I (LAMES TAE)
Chairperson: Yaw Nyarko, New York University
Room
  INTRA- AND INTER-SECTORAL KNOWLEDGE SPILLOVERS AND TFP GROWTH RATES. EVIDENCE FROM THE US.
Núria Quella, Banco de México

  
  TRIPS UNDER NO ENFORCEMENT OF THE NATIONAL TREATMENT COMMITMENT RULE
Rafael Morais, University of Toulouse

  
  CORRUPTION AND GROWTH UNDER WEAK IDENTIFICATION
Philip Shaw, University of Connecticut
Co-Author: Marina-Selini Katsaiti, University of Connecticut, Department of Economics
  
14:30 - 15:45 INTERNATIONAL MACROECONOMICS (LAMES TAE)
Chairperson: Juana Tellez, Banco de la Republica
Room
  CAN ENFORCEMENT CONSTRAINTS EXPLAIN CAPITAL FLOWS AFTER FINANCIAL LIBERALIZATIONS?
Julian Diaz, University of Minnesota

  
  THE COMPOSITION OF CAPITAL FLOWS WHEN EMERGING MARKET FIRMS FACE FINANCING CONSTRAINTS
Diego Valderrama, Federal Reserve Bank of San Francisco
Co-Author: Katherine Smith, US Naval Academy

  
  INTERNATIONAL ASSETS IN A TWO-COUNTRY LEARNING-BY-DOING GROWTH MODEL
Juana Tellez, Banco de la Republica
  
14:30 - 15:45 REGULATION (LAMES TAE)
Chairperson: Juan Dubra, Universidad de Montevideo
Room
  CAN SELF REGULATION WORK?. A STORY OF CORRUPTION, IMPUNITY AND COVER-UP
Javier Nunez, Department of Economics, University of Chile

  
  LICENSE PRICES FOR FINANCIALLY CONSTRAINED FIRMS
Preston McAfee, Caltech
Co-Author: Roberto Burguet, institute for economic analysis (CSIC)

  
  GETTING POLLUTERS TO TELL THE TRUTH
Juan Dubra, Universidad de Montevideo
Co-Author: Marcelo Caffera, Universidad de Montevideo
  
15:45 - 16:15 COFFEE BREAK

16:15 - 17:45 INVITED LECTURES AND PANELS
LACEA

16:15 - 17:45 LATIN AMERICAN DEVELOPMENT FORUM SERIES – STATE REFORM:WHAT"S NEW, WHAT"S NEXT? (LACEA)
Chairperson: Guillermo Perry, World Bank
Room Gymnasium
  STATE REFORM:WHAT"S NEW, WHAT"S NEXT?
Francis Fukuyama, John Hopkins U.
  
16:15 - 17:45 IMF REGIONAL ECONOMIC OUTLOOK (LACEA)
Chairperson: Ilan Goldfajn, Pontificia Universidade Catolica do Rio de Janeiro
Discussants: Mauricio Cardenas, Fedesarollo and Alejandro Werner, SHCP
Room B. Auditorium
  REGIONAL ECONOMIC OUTLOOK
Anoop Singh, IMF
  
16:15 - 17:45 CORPORATE GOVERNANCE IN STATE OWNED ENTERPRISES (LACEA)
Chairperson: Juan Jose Suarez, PEMEX
Room Sala de Conferencias
16:15 - 17:45 INVITED LECTURES AND PANELS
LAMES - Theoretical and Applied Economics

16:15 - 17:45 HEALTH AND PROGRAM EVALUATION (LAMES TAE)
Chairperson: Maximo Torero, International Food Policy Research Institute (IFPRI)
Room 101
  OUT OF SYNC? ECONOMIC RESEARCH ON HEALTH AND DEVELOPMENT AND HEALTH CONDITIONS IN DEVELOPING COUNTRIES
Jere Behrman, University of Pennsylvania
Co-Authors: Julia A. Behrman, University of Pennsylvania and Nykia M. Perez, University of Pennsylvania

  
  HOW IMPORTANT IS THE AMOUNT OF CASH IN CONDITIONAL CASH TRANSFER PROGRAMS FOR CHILD HEALTH
Paul J. Gertler, The World Bank
Co-Authors: Lia Fernald, University of California Berkeley and Lynette Neufeld, Instituto de Salud Publica
  
16:15 - 17:45 POLITICAL ECONOMY (LAMES TAE)
Chairperson: James A Robinson, Harvard Univeristy
Room 113
  ELECTORAL ECONOMICS IN OLD, NEW AND FRAGILE DEMOCRACIES
Allan Drazen, University of Maryland

  
  POLITICAL CAREERS OR CAREER POLITICIANS
Antonio Merlo, University of Pennsylvania
Co-Author: Andrea Mattozzi, California Institute of Technology
  
18:00 - 19:00 PLENARY LECTURE

18:00 - 19:00 HEALTH AS HUMAN CAPITAL ()
Chairperson: Juan Pablo Nicolini, Universidad Di Tella
Room Gymnasium
  HEALTH AS HUMAN CAPITAL
Gary Becker, University of Chicago
  
10:30 - 10:45 JOURNAL ECONOMIA

10:30 - 10:45 WELCOME AND INTRODUCTION (LACEA)
Chairperson:
Room
10:45 - 12:00 JOURNAL ECONOMIA

10:45 - 12:00 PAPER ON ENERGY MARKETS IN LATIN AMERICA (LACEA)
Chairperson:
Room
  PAPER ON ENERGY MARKETS IN LATIN AMERICA
Osmel Manzano, Corporacion Andina de Fomento
  
12:30 - 13:45 JOURNAL ECONOMIA

12:30 - 13:45 STRATIFICATION AND PUBLIC UTILITY SERVICES IN COLOMBIA:SUBSIDIES OR DISTORTIONS? (LACEA)
Chairperson:
Room
  STRATIFICATION AND PUBLIC UTILITY SERVICES IN COLOMBIA: SUBSIDIES TO HOUSEHOLDS OR DISTORTIONS ON HOUSING PRICES?
Carlos Medina, Banco de la República de Colombia
Co-Author(s): Leonardo Morales, Banco de la República de Colombia
  
15:15 - 16:30 JOURNAL ECONOMIA

15:15 - 16:30 INCOME MOBILITY IN LATIN AMERICA (LACEA)
Chairperson:
Room
  INCOME MOBILITY IN LATIN AMERICA
Robert Duval, Univrsity of California, San Diego
  
16:45 - 18:00 JOURNAL ECONOMIA

16:45 - 18:00 ANOTHER PASSTHROUGH BITES THE DUST? OIL PRICES AND INFLATION (LACEA)
Chairperson:
Room
  ANOTHER PASSTHROUGH BITES THE DUST? OIL PRICES AND INFLATION
Christopher Andrew Neilson, Banco Central de Chile
Co-Author(s): José De Gregorio, Central Bank of Chile and Oscar Landerretche, Universidad de Chile
  
18:00 - 19:15 JOURNAL ECONOMIA

18:00 - 19:15 STATE OWNED BANKS. DO THEY PROMOTE OR DEPRESS FINANCIAL DEVELOPMENT AND ECONOMIC GROWTH? (LACEA)
Chairperson:
Room
  STATE OWNED BANKS. DO THEY PROMOTE OR DEPRESS FINANCIAL DEVELOPMENT AND ECONOMIC GROWTH?
Ugo Panizza, Inter-American Development Bank
  

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