Other Activities

In addition to research and writing, CLAE staff members and visiting scholars participated in other activities that gave visibility to the Federal Reserve Bank of Dallas and the center.

When CLAE visiting scholar Finn Kydland received the Nobel Prize for economics, his CLAE coauthor, Carlos Zarazaga, traveled to Stockholm to attend the ceremonies. Kydland and Zarazaga presented “Argentina’s Capital Gap Puzzle” at the annual meeting of the Argentinean Association of Political Economy in Buenos Aires and again at a seminar at Argentina’s Universidad Austral. They presented “Argentina’s Lost Decade and Subsequent Recovery: Hits and Misses of the Neoclassical Growth Model” at Texas A&M University and the University of Greenwich in England.

Zarazaga discussed Alejandro Neut and Andrés Velasco’s “Tough Policies, Incredible Policies?” at the National Bureau of Economic Research’s Inter-American Seminar on Economics in Cambridge, Mass. He also discussed Banco de México economist Jesus Gonzalez García’s “The Effect of Annual Inflation Targets on the Conduct of Monetary Policy During the Disinflation Process in Mexico” at a Federal Reserve Bank of Atlanta conference, “Strategies for Implementing Monetary Policy in the Americas: The Role of Inflation Targeting.”

CLAE Director General William C. Gruben presented “Is Tighter Fiscal Policy Expansionary Under Fiscal Dominance? Hypercrowding Out in Latin America” at the meetings of the Western Economic Association International in Vancouver. He presented the same paper in Spanish at Universidad Autónoma de México in Mexico City. At the Western Economic Association International meetings, Gruben also presented “Empirically Testing Maquiladora Conventional Wisdoms” and discussed Alicia Giron’s “The Mexican Financial Sector Ten Years After NAFTA” and Noemí Levy Orlik’s “Open Market Operations Limitations in Countries with Restricted Lender of Last Resort: The Mexican Experience in the Nineties.” His co-discussant was Dallas Fed Executive Vice President Harvey Rosenblum.

At the fall meetings of the Federal Reserve System Committee on International Economics Analysis, Gruben discussed “The Value of Financial Intermediaries: Empirical Evidence from Syndicated Loans to Emerging Market Borrowers,” by Gregory Nini. Darryl McLeod presented “Currency Competition and Inflation Convergence,” which he wrote with Gruben, at the Latin American and Caribbean Economic Association meetings in San Jose, Costa Rica. Gruben’s article “Economic Rebound” was published in Twin Plant News, and “Venezuela’s Problems Run Deeper Than Chavez” appeared in Dow Jones Capital Markets.

Pia M. Orrenius, along with coauthors Mark G. Guzman and Joseph H. Haslag, presented “Accounting for Fluctuations in Social Network Usage and Migration Dynamics” at the meeting of the Federal Reserve System Committee on International Economic Analysis and again at the Southern Economic Association meetings in New Orleans. These same authors presented “Coordination, Sunspots and Endogenous Volatility: An Application to Illegal Immigration” at the Latin American and Caribbean Economic Association meetings in San Jose.

Orrenius and coauthor Roberto Coronado presented “The Impact of Illegal Immigration and Enforcement on Border Crime Rates” at the annual meeting of the Population Association of America in Boston. She presented “Immigration, Economic Growth and Recent Policy Impacts” at the Inter- American Development Bank Remittance Conference in Washington, D.C., and “Self- Selection Among Undocumented Immigrants from Mexico,” which she coauthored with Madeline Zavodny, at a seminar at the University of California at San Diego. Orrenius was a moderator at the Federal Reserve Bank of Chicago conference “Financial Access for Immigrants: Learning from Diverse Perspectives.”

Visiting scholar Pedro Amaral and CLAE coauthor Erwan Quintin presented “Making Finance Matter” at the annual meeting of the Argentinean Association of Political Economy in Buenos Aires. Quintin served as a visiting expert at the European Central Bank. He presented “Growing Old Together: Firm Survival and Employee Turnover,” coauthored by John Stevens, at a seminar at Arizona State University. Quintin organized 16 seminars at the Federal Reserve Bank of Dallas and presented “Is China Eating Mexico’s Lunch?” to the Dallas Fed’s board of directors and again to the Society of International Business Fellows.

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