10:10 – 10:25 Welcome remarks
Daniel Chiquiar, Director of Research, Banco de México
10:25 – 11:35

International price comparison: role of quality, variety, and product availability
David Argente, Federal Reserve Bank of Minneapolis, Chang-Tai Hsieh, University of Chicago, and Munseob Lee, University of California, San Diego
Discussant: Ina Simonovska, University of California, Davis

11:50 – 13:00

Cognitive hubs and spatial redistribution
Esteban Rossi-Hansberg, Princeton University, Pierre-Daniel Sarte, Federal Reserve Bank of Richmond, and Felipe Schwartzman, Federal Reserve Bank of Richmond
Discussant: Cecile Gaubert, University of California, Berkeley

13:00 – 15:00 Moderated discussion
Alejandro Díaz de León, Governor of Banco de México
15:00 – 16:10

World financial cycles
Yan Bai, University of Rochester, Patrick Kehoe, Stanford University, and Fabrizio Perri, Federal Reserve Bank of Minneapolis
Discussant: Diego Perez, New York University

16:25 – 17:35

The welfare effects of transportation infrastructure improvements
Treb Allen, Dartmouth University and Costas Arkolakis, Yale University
Discussant: Pol Antràs, Harvard University

17:50 – 19:45

Impact of expanding transportation networks in India
Gordon Hanson, University of California, San Diego and Amit Khandelwal, Columbia University
Discussant: Treb Allen, Dartmouth College

08:30 – 09:40

Exchange rates and uncovered interest differentials: the role of permanent monetary shocks
Stephanie Schmitt-Grohé, Columbia University and Martín Uribe, Columbia University
Discussant: Lawrence Christiano, Northwestern University

09:55 – 11:05

Border walls
Treb Allen, Dartmouth University; Cauê Dobbin, Stanford University; Melanie Morten, Stanford University
Discussant: Alonso de Gortari, Dartmouth College

11:20 – 12:30

Global firms in large devaluations
Joaquin Blaum, Brown University
Discussant: Kim Ruhl, University of Wisconsin