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<�/o:shapelayout><�/xml><�![endif]--> <�/head> <�body lang=EN-US link=blue vlink=purple style='tab-interval:.5in'> <�div class=WordSection1> <�table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width=663 style='width:497.25pt;mso-cellspacing:0in;margin-left:-1.5pt;mso-yfti-tbllook: 1184;mso-padding-alt:0in 5.4pt 0in 5.4pt'> <�tr style='mso-yfti-irow:0;mso-yfti-firstrow:yes;mso-row-margin-left:1.5pt'> <�td style='mso-cell-special:placeholder;border:none;padding:0in 0in 0in 0in' width=2><�p class='MsoNormal'>&nbsp;<�/td> <�td width=661 colspan=3 style='width:495.75pt;padding:.75pt .75pt .75pt .75pt'> <�p class=MsoNormal><�span style='font-size:11.0pt;font-family:"Arial",sans-serif; mso-fareast-font-family:"Times New Roman";mso-fareast-language:EN-US'>Authors, please upload your paper <�a href="http://www.nber.org/confsubmit/backend/form?id=SI16ITM">here<�/a>. <�br style='mso-special-character:line-break'> <�![if !supportLineBreakNewLine]><�br style='mso-special-character:line-break'> <�![endif]><�o:p><�/o:p><�/span><�/p> <�/td> <�/tr> <�tr style='mso-yfti-irow:1;mso-row-margin-left:1.5pt'> <�td style='mso-cell-special:placeholder;border:none;padding:0in 0in 0in 0in' width=2><�p class='MsoNormal'>&nbsp;<�/td> <�td width=661 colspan=3 style='width:495.75pt;padding:.75pt .75pt .75pt .75pt'> <�p class=MsoNormal align=center style='text-align:center'><�span style='font-size:11.0pt;font-family:"Arial",sans-serif;mso-fareast-font-family: "Times New Roman";mso-fareast-language:EN-US'>NATIONAL BUREAU OF ECONOMIC RESEARCH, INC. <�br style='mso-special-character:line-break'> <�![if !supportLineBreakNewLine]><�br style='mso-special-character:line-break'> <�![endif]><�o:p><�/o:p><�/span><�/p> <�/td> <�/tr> <�tr style='mso-yfti-irow:2;mso-row-margin-left:1.5pt'> <�td style='mso-cell-special:placeholder;border:none;padding:0in 0in 0in 0in' width=2><�p class='MsoNormal'>&nbsp;<�/td> <�td width=661 colspan=3 style='width:495.75pt;padding:.75pt .75pt .75pt .75pt'> <�p class=MsoNormal align=center style='text-align:center'><�span style='font-size:11.0pt;font-family:"Arial",sans-serif;mso-fareast-font-family: "Times New Roman";mso-fareast-language:EN-US'>SI 2016 International Trade &amp; Macroeconomics <�br style='mso-special-character:line-break'> <�![if !supportLineBreakNewLine]><�br style='mso-special-character:line-break'> <�![endif]><�o:p><�/o:p><�/span><�/p> <�/td> <�/tr> <�tr style='mso-yfti-irow:3;mso-row-margin-left:1.5pt'> <�td style='mso-cell-special:placeholder;border:none;padding:0in 0in 0in 0in' width=2><�p class='MsoNormal'>&nbsp;<�/td> <�td width=661 colspan=3 style='width:495.75pt;padding:.75pt .75pt .75pt .75pt'> <�p class=MsoNormal align=center style='text-align:center'><�span style='font-size:11.0pt;font-family:"Arial",sans-serif;mso-fareast-font-family: "Times New Roman";mso-fareast-language:EN-US'>Fabio <�span class=SpellE>Ghironi<�/span> and Stephen J. Redding, Organizers <�br style='mso-special-character:line-break'> <�![if !supportLineBreakNewLine]><�br style='mso-special-character:line-break'> <�![endif]><�o:p><�/o:p><�/span><�/p> <�/td> <�/tr> <�tr style='mso-yfti-irow:4;mso-row-margin-left:1.5pt'> <�td style='mso-cell-special:placeholder;border:none;padding:0in 0in 0in 0in' width=2><�p class='MsoNormal'>&nbsp;<�/td> <�td width=661 colspan=3 style='width:495.75pt;padding:.75pt .75pt .75pt .75pt'> <�p class=MsoNormal align=center style='text-align:center'><�span style='font-size:11.0pt;font-family:"Arial",sans-serif;mso-fareast-font-family: "Times New Roman";mso-fareast-language:EN-US'>July 14, 2016 <�br style='mso-special-character:line-break'> <�![if !supportLineBreakNewLine]><�br style='mso-special-character:line-break'> <�![endif]><�o:p><�/o:p><�/span><�/p> <�/td> <�/tr> <�tr style='mso-yfti-irow:5;mso-row-margin-left:1.5pt'> <�td style='mso-cell-special:placeholder;border:none;padding:0in 0in 0in 0in' width=2><�p class='MsoNormal'>&nbsp;<�/td> <�td width=661 colspan=3 style='width:495.75pt;padding:.75pt .75pt .75pt .75pt'> <�p class=MsoNormal align=center style='text-align:center'><�span style='font-size:11.0pt;font-family:"Arial",sans-serif'>Royal <�span class=SpellE>Sonesta<�/span> Hotel<�br> Parkview Room<�br> 40 Edwin H. Land Boulevard<�br> Cambridge, Massachusetts<�/span><�span style='font-size:11.0pt;font-family: "Arial",sans-serif;mso-fareast-font-family:"Times New Roman";mso-fareast-language: EN-US'><�br style='mso-special-character:line-break'> <�![if !supportLineBreakNewLine]><�br style='mso-special-character:line-break'> <�![endif]><�o:p><�/o:p><�/span><�/p> <�/td> <�/tr> <�tr style='mso-yfti-irow:6;mso-row-margin-left:1.5pt'> <�td style='mso-cell-special:placeholder;border:none;padding:0in 0in 0in 0in' width=2><�p class='MsoNormal'>&nbsp;<�/td> <�td width=661 colspan=3 style='width:495.75pt;padding:.75pt .75pt .75pt .75pt'> <�p class=MsoNormal align=center style='text-align:center;mso-outline-level: 2'><�b><�u><�span style='font-size:11.0pt;font-family:"Arial",sans-serif; mso-fareast-font-family:"Times New Roman";mso-fareast-language:EN-US'>PRELIMINARY PROGRAM<�o:p><�/o:p><�/span><�/u><�/b><�/p> <�/td> <�/tr> <�tr style='mso-yfti-irow:7'> <�td width=663 colspan=4 valign=top style='width:497.25pt;padding:.75pt .75pt .75pt .75pt'> <�p class=MsoNormal><�span style='font-size:11.0pt;font-family:"Arial",sans-serif; mso-fareast-font-family:"Times New Roman";mso-fareast-language:EN-US'>Wednesday, July 13<�br style='mso-special-character:line-break'> <�![if !supportLineBreakNewLine]><�br style='mso-special-character:line-break'> <�![endif]><�o:p><�/o:p><�/span><�/p> <�/td> <�/tr> <�tr style='mso-yfti-irow:8;mso-row-margin-right:4.5pt'> <�td width=99 colspan=2 valign=top style='width:74.25pt;padding:.75pt .75pt .75pt .75pt'> <�p class=MsoNormal><�span style='font-size:11.0pt;font-family:"Arial",sans-serif; mso-fareast-font-family:"Times New Roman";mso-fareast-language:EN-US'>6:00 pm<�o:p><�/o:p><�/span><�/p> <�/td> <�td width=558 style='width:418.5pt;padding:.75pt .75pt .75pt .75pt'> <�p class=MsoNormal><�span style='font-size:11.0pt;font-family:"Arial",sans-serif; mso-fareast-font-family:"Times New Roman";mso-fareast-language:EN-US'>Clambake at the Royal <�span class=SpellE>Sonesta<�/span> Hotel<�br style='mso-special-character: line-break'> <�![if !supportLineBreakNewLine]><�br style='mso-special-character:line-break'> <�![endif]><�o:p><�/o:p><�/span><�/p> <�/td> <�td style='mso-cell-special:placeholder;border:none;padding:0in 0in 0in 0in' width=6><�p class='MsoNormal'>&nbsp;<�/td> <�/tr> <�tr style='mso-yfti-irow:9'> <�td width=663 colspan=4 valign=top style='width:497.25pt;padding:.75pt .75pt .75pt .75pt'> <�p class=MsoNormal><�span style='font-size:11.0pt;font-family:"Arial",sans-serif; mso-fareast-font-family:"Times New Roman";mso-fareast-language:EN-US'>Thursday, July 14<�br style='mso-special-character:line-break'> <�![if !supportLineBreakNewLine]><�br style='mso-special-character:line-break'> <�![endif]><�o:p><�/o:p><�/span><�/p> <�/td> <�/tr> <�tr style='mso-yfti-irow:10'> <�td width=99 colspan=2 valign=top style='width:74.25pt;padding:.75pt .75pt .75pt .75pt'> <�p class=MsoNormal><�span style='font-size:11.0pt;font-family:"Arial",sans-serif; mso-fareast-font-family:"Times New Roman";mso-fareast-language:EN-US'>12:00 n<�o:p><�/o:p><�/span><�/p> <�/td> <�td width=564 colspan=2 style='width:423.0pt;padding:.75pt .75pt .75pt .75pt'> <�p class=MsoNormal><�span style='font-size:11.0pt;font-family:"Arial",sans-serif; mso-fareast-font-family:"Times New Roman";mso-fareast-language:EN-US'>Lunch<�br style='mso-special-character:line-break'> <�![if !supportLineBreakNewLine]><�br style='mso-special-character:line-break'> <�![endif]><�o:p><�/o:p><�/span><�/p> <�/td> <�/tr> <�tr style='mso-yfti-irow:11'> <�td width=99 colspan=2 valign=top style='width:74.25pt;padding:.75pt .75pt .75pt .75pt'> <�p class=MsoNormal><�span style='font-size:11.0pt;font-family:"Arial",sans-serif; mso-fareast-font-family:"Times New Roman";mso-fareast-language:EN-US'>1:00 pm<�o:p><�/o:p><�/span><�/p> <�/td> <�td width=564 colspan=2 style='width:423.0pt;padding:.75pt .75pt .75pt .75pt'> <�p class=MsoNormal><�span style='font-size:11.0pt;font-family:"Arial",sans-serif; mso-fareast-font-family:"Times New Roman";mso-fareast-language:EN-US'>Julian di Giovanni, <�span class=SpellE>Universitat<�/span> <�span class=SpellE>Pompeu<�/span> <�span class=SpellE>Fabra<�/span><�br> Andrei <�span class=SpellE>Levchenko<�/span>, University of Michigan and NBER<�br> Isabelle <�span class=SpellE>Mejean<�/span>, <�span class=SpellE>Ecole<�/span> <�span class=SpellE>Polytechnique<�/span><�br> <�/span><�span style='font-size:11.0pt;font-family:"Arial",sans-serif'><�a href="http://www.nber.org/confer/2016/SI2016/ITM/di_Giovanni_Levchenko_Mejean.pdf"><�i>The Micro Origins of International Business Cycle <�span class=SpellE>Comovement<�/span> <�/i><�/a><�/span><�span style='font-size:11.0pt;font-family:"Arial",sans-serif; mso-fareast-font-family:"Times New Roman";mso-fareast-language:EN-US'><�br> <�br> Discussant: <�/span><�span style='font-size:11.0pt;font-family:"Arial",sans-serif; color:black'>Silvana <�span class=SpellE>Tenreyro<�/span>, London School of Economics<�/span><�span style='font-size:11.0pt;font-family:"Arial",sans-serif; mso-fareast-font-family:"Times New Roman";mso-fareast-language:EN-US'><�br style='mso-special-character:line-break'> <�![if !supportLineBreakNewLine]><�br style='mso-special-character:line-break'> <�![endif]><�o:p><�/o:p><�/span><�/p> <�/td> <�/tr> <�tr style='mso-yfti-irow:12;height:2.5pt'> <�td width=99 colspan=2 valign=top style='width:74.25pt;padding:.75pt .75pt .75pt .75pt; height:2.5pt'> <�p class=MsoNormal><�span style='font-size:11.0pt;font-family:"Arial",sans-serif; mso-fareast-font-family:"Times New Roman";mso-fareast-language:EN-US'>2:00 pm<�o:p><�/o:p><�/span><�/p> <�/td> <�td width=564 colspan=2 style='width:423.0pt;padding:.75pt .75pt .75pt .75pt; height:2.5pt'> <�p class=MsoNormal><�span style='font-size:11.0pt;font-family:"Arial",sans-serif; mso-fareast-font-family:"Times New Roman";mso-fareast-language:EN-US'>Sophie <�span class=SpellE>Guilloux-Nefussi<�/span>, <�span class=SpellE>Banque<�/span> de France <�br> <�/span><�span style='font-size:11.0pt;font-family:"Arial",sans-serif'><�a href="http://www.nber.org/confer/2016/SI2016/ITM/Guilloux-Nefussi.pdf"><�i>Globalization, Market Structure and Inflation Dynamics <�/i><�/a><�/span><�span style='font-size:11.0pt;font-family:"Arial",sans-serif;mso-fareast-font-family: "Times New Roman";mso-fareast-language:EN-US'><�br> <�br> Discussant: Oleg <�span class=SpellE>Itskhoki<�/span>, Princeton University and NBER<�br style='mso-special-character:line-break'> <�![if !supportLineBreakNewLine]><�br style='mso-special-character:line-break'> <�![endif]><�o:p><�/o:p><�/span><�/p> <�/td> <�/tr> <�tr style='mso-yfti-irow:13'> <�td width=99 colspan=2 valign=top style='width:74.25pt;padding:.75pt .75pt .75pt .75pt'> <�p class=MsoNormal><�span style='font-size:11.0pt;font-family:"Arial",sans-serif; mso-fareast-font-family:"Times New Roman";mso-fareast-language:EN-US'>3:00 pm<�o:p><�/o:p><�/span><�/p> <�/td> <�td width=564 colspan=2 style='width:423.0pt;padding:.75pt .75pt .75pt .75pt'> <�p class=MsoNormal><�span style='font-size:11.0pt;font-family:"Arial",sans-serif; mso-fareast-font-family:"Times New Roman";mso-fareast-language:EN-US'>Break<�br style='mso-special-character:line-break'> <�![if !supportLineBreakNewLine]><�br style='mso-special-character:line-break'> <�![endif]><�o:p><�/o:p><�/span><�/p> <�/td> <�/tr> <�tr style='mso-yfti-irow:14'> <�td width=99 colspan=2 valign=top style='width:74.25pt;padding:.75pt .75pt .75pt .75pt'> <�p class=MsoNormal><�span style='font-size:11.0pt;font-family:"Arial",sans-serif; mso-fareast-font-family:"Times New Roman";mso-fareast-language:EN-US'>3:30 pm<�o:p><�/o:p><�/span><�/p> <�/td> <�td width=564 colspan=2 style='width:423.0pt;padding:.75pt .75pt .75pt .75pt'> <�p class=MsoNormal><�span style='font-size:11.0pt;font-family:"Arial",sans-serif; mso-fareast-font-family:"Times New Roman";mso-fareast-language:EN-US'>Ricardo M. Reyes-<�span class=SpellE>Heroles<�/span>, Princeton University<�br> <�i>The Role of Trade Costs in the Surge of Trade Imbalances<�/i><�br> <�br> Discussant: <�/span><�span class=SpellE><�span style='font-size:11.0pt; font-family:"Arial",sans-serif;color:black'>Doireann<�/span><�/span><�span style='font-size:11.0pt;font-family:"Arial",sans-serif;color:black'> Fitzgerald, Federal Reserve Bank of Minneapolis and NBER<�/span><�span style='font-size:11.0pt;font-family:"Arial",sans-serif;mso-fareast-font-family: "Times New Roman";mso-fareast-language:EN-US'><�br style='mso-special-character: line-break'> <�![if !supportLineBreakNewLine]><�br style='mso-special-character:line-break'> <�![endif]><�o:p><�/o:p><�/span><�/p> <�/td> <�/tr> <�tr style='mso-yfti-irow:15'> <�td width=99 colspan=2 valign=top style='width:74.25pt;padding:.75pt .75pt .75pt .75pt'> <�p class=MsoNormal><�span style='font-size:11.0pt;font-family:"Arial",sans-serif; mso-fareast-font-family:"Times New Roman";mso-fareast-language:EN-US'>4:30 pm<�o:p><�/o:p><�/span><�/p> <�/td> <�td width=564 colspan=2 style='width:423.0pt;padding:.75pt .75pt .75pt .75pt'> <�p class=MsoNormal><�span class=SpellE><�span style='font-size:11.0pt; font-family:"Arial",sans-serif;mso-fareast-font-family:"Times New Roman"; mso-fareast-language:EN-US'>Kiminori<�/span><�/span><�span style='font-size: 11.0pt;font-family:"Arial",sans-serif;mso-fareast-font-family:"Times New Roman"; mso-fareast-language:EN-US'> Matsuyama, Northwestern University<�br> <�span class=SpellE>Iryna<�/span> <�span class=SpellE>Sushko<�/span>, Institute of Mathematics, National Academy of Sciences of Ukraine<�br> Laura <�span class=SpellE>Gardini<�/span>, University of <�span class=SpellE>Urbino<�/span><�br> <�/span><�span style='font-size:11.0pt;font-family:"Arial",sans-serif'><�a href="http://www.nber.org/confer/2016/SI2016/ITM/Matsuyama_Sushko_Gardini.pdf"><�i>Globalization and Synchronization of Innovation Cycles <�/i><�/a><�/span><�span style='font-size:11.0pt;font-family:"Arial",sans-serif;mso-fareast-font-family: "Times New Roman";mso-fareast-language:EN-US'><�br> <�br> Discussant: Christopher <�span class=SpellE>Tonetti<�/span>, Stanford University and NBER<�br style='mso-special-character:line-break'> <�![if !supportLineBreakNewLine]><�br style='mso-special-character:line-break'> <�![endif]><�o:p><�/o:p><�/span><�/p> <�/td> <�/tr> <�tr style='mso-yfti-irow:16;mso-yfti-lastrow:yes'> <�td width=99 colspan=2 valign=top style='width:74.25pt;padding:.75pt .75pt .75pt .75pt'> <�p class=MsoNormal><�span style='font-size:11.0pt;font-family:"Arial",sans-serif; mso-fareast-font-family:"Times New Roman";mso-fareast-language:EN-US'>5:30 pm<�o:p><�/o:p><�/span><�/p> <�/td> <�td width=564 colspan=2 style='width:423.0pt;padding:.75pt .75pt .75pt .75pt'> <�p class=MsoNormal><�span style='font-size:11.0pt;font-family:"Arial",sans-serif; mso-fareast-font-family:"Times New Roman";mso-fareast-language:EN-US'>Adjourn<�o:p><�/o:p><�/span><�/p> <�/td> <�/tr> <�![if !supportMisalignedColumns]> <�tr height=0> <�td width=2 style='border:none'><�/td> <�td width=97 style='border:none'><�/td> <�td width=558 style='border:none'><�/td> <�td width=6 style='border:none'><�/td> <�/tr> <�![endif]> <�/table> <�p class=MsoNormal><�span style='font-size:11.0pt;font-family:"Arial",sans-serif'><�o:p>&nbsp;<�/o:p><�/span><�/p> <�p class=MsoNormal><�span style='font-size:11.0pt;font-family:"Arial",sans-serif; mso-fareast-font-family:"Times New Roman";mso-fareast-language:EN-US'><�o:p>&nbsp;<�/o:p><�/span><�/p> <�p class=MsoNormal><�span style='font-size:11.0pt;font-family:"Arial",sans-serif; mso-fareast-font-family:"Times New Roman";mso-fareast-language:EN-US'><�o:p>&nbsp;<�/o:p><�/span><�/p> <�p class=MsoNormal><�span style='font-size:11.0pt;font-family:"Arial",sans-serif'><�o:p>&nbsp;<�/o:p><�/span><�/p> <�/div> <�/body> <�/html>