Digitalization and the productivity slowdown: a measurement puzzle? Gabriel Quirós (Deputy Director, STA, IMF)

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VILA-REAL / CASTELLÓN / 28 AND 29 JUNE 2018

SCHEDULE Thursday, June 28 8:30-9:00 Registration 9:00-9:30 Opening 9:30-11:00 Parallel Sessions A 11:00-11:30 Coffee break 11:30-13:00 Plenary Session (OPEN ROOM) Digitalization and the productivity slowdown: a measurement puzzle? Gabriel Quirós (Deputy Director, STA, IMF) 13:00-14:00 AEEFI board meeting (OPEN ROOM) 14:00-15:00 LUNCH 15:00-16:30 Parallel Sessions B 16:30-17:00 Coffee break 17:00-18:30 Parallel Sessions C 20:00 Visit and dinner at Football Stadium La Cerámica. Departure from the hotel (Bus) Friday, June 29 9:00-10:30 Parallel Sessions D 10:30-11:00 Coffee break 11:00-12:30 Plenary Session (OPEN ROOM) Exchange Rate and Productivity: Heterogeneity and Asymmetries. Laura Alfaro (Harvard Business School) 12:30-14:00 Parallel Sessions E 14:00-15:00 LUNCH & Closing IMPORTANT: in all parallel sessions the last presenter will act as the session chair. Each presenter is invited to discuss the previous paper in his/her session (the first presenter will discuss the last paper).

PARALLEL SESSIONS PROGRAM Thursday, June 28 9:30-11:00 Parallel Sessions A Session A1 (NA VIOLANT ROOM) The influence of intraday seasonality on volatility transmission pattern. Nuria Alemany (Universitat Jaume I) Risk-neutral volatilities of equity and treasury bond returns. Gonzalo Rubio (Universidad CEU Cardenal Herrera) Dissecting Interbank Risk using Basis Swap Spreads. Pedro Serrano (Universidad Carlos III de Madrid) Session A2 (JAUME I ROOM) Globalization, Welfare, and the Attitudes toward Higher Education. Pablo Agnese (UIC Barcelona) Branch campus gravity: The determinants of cross-border higher education. Cristina Villó (Universidad Católica de Valencia) Employments effects of on-the-job human capital acquisition. Jose Ignacio Silva (Universitat de Girona) Session A3 (PRESS ROOM) Foreign direct investment & trade: A global value chains analysis. Federico Carril (Universidad de Granada) Financial Market Development in Host and Source Countries and Its Effects on Bilateral FDI. Julian Donaubauer (Helmut Schmidt University Hamburg) Foreign Direct Investment in Information and Communication Technologies (ICT) sectors: A computable general equilibrium analysis. María Latorre (Universidad Complutense de Madrid) Fiscal discipline and foreign direct investment. Laura Márquez (University of Adelaide) Session A4 (OPEN ROOM) The Political Economy of Institutional Evolution in the Eurozone. Norbert Szijarto (Institute of World Economics) International Macroprudential Spillovers: Germany and the Euro Zone. José Carrasco (Universidad Rey Juan Carlos) A multi-country analysis of austerity policies in the European Union. Oscar Bajo Rubio (Universidad de Castilla-La Mancha)

15:00-16:30 Parallel Sessions B Session B1 (NA VIOLANT ROOM) Corruption and Economic Development. Debora Ramella (Università di Torino) Extent and Determinants of Resource Misallocation: A Cross-section Study for Developing Countries. Roman Fossati (Universidad Diego Portales) NEET rates convergence in Europe: a regional analysis. Laia Maynou (London School of Economics (LSE and CRES-UPF) Session B2 (JAUME I ROOM) Distributional effects of import penetration: an analysis of the Spanish case. Ignacio Pineda (Universitat Jaume I) A computable general analysis of Brexit Barriers to trade and immigration restrictions. Gabriela Ortiz (Universidad Complutense de Madrid) Industry employment and import competition: a generalised propensity score approach. Guadalupe Serrano (Universitat de València) Session B3 (PRESS ROOM) The Persistence and cross-persistence of R&D Outsourcing: onshore and offshore strategies. Dolores Añón (Universitat de València) Moving ideas across borders: Patents and FDI. Jordi Paniagua (Universitat de València) R&D and firm growth during bad times. Apoorva Gupta (University of Nottingham) Inter-Firm R&D Collaboration Within and Across Regional Borders. Edwards Terence (Loughborough University) Session B4 (OPEN ROOM) Do institutions of the euro area converge?. Laura López (Universidad de Murcia) Eurace Open: an agent-based multi-country model. Marko Petrovic (Universitat Jaume I) The Unconventional Monetary Policy of the ECB: Effectiveness and Transmission Analysis. Mª Asunción Prats (Universidad de Murcia)

17:00-18:30 Parallel Sessions C Session C1 (PRESS ROOM) Productivity spillovers through linkages with multinationals. Jen-Chung Mei (University of Sheffield) Offshoring and Growth of Productivity and Export Intensity. Roger Bandick (Linköping University) Firm Exports, Foreign Ownership, and the Global Financial Crisis. Marcel Smolka (Aarhus University) Session C2 (NA VIOLANT ROOM) Structural Transformation in Mexico: What is the Role of FDI?. Henning Mühlen (University of Hohenheim) Foreign Direct Investment and Economic Growth in Latin America. 1980-2010. Luz Dary Ramírez (Universidad de Salamanca) Influence of Foreign direct investment on Innovation: Case of Europe. Devesh Singh (Kaposvári Egyetem) Session C3 (OPEN ROOM) The Euro s Effect on Trade: an Analysis of 'Old' and 'New' Emu Members. Isaac Mensah (Ca' Foscari University of Venice) Good Jobs, Bad Jobs and Protectionism. Fernando Perera (Universidad de la Laguna) The happy few: Cross-country evidence of the euro effect on trade. Salvador Gil (Universitat de València) Session C4 (JAUME I ROOM) Trading, Military Alliances and Economic Growth. Evidence from NATO. Natalia Utrero (Centro Universitario de la Defensa) The relevance of currency-denomination for the cross-border effects of monetary policy. Isabel Argimon (Banco de España) Structural reforms as a system: Complementarities between trade openness, capital account liberalisation, and banking sector reform. Bruno Trancoso (Católica Porto Business School, CEGE)

Friday, June 29 9:00-10:30 Parallel Sessions D Session D1 (PRESS ROOM) Trade Law and Trade Flows. Jordi Paniagua (Universitat de València) Trading Activities, Productivity and Markups. Mª Engracia Rochina (Universitat de València and Erices) Does the GATT/WTO promote trade? After all, Rose was right. Salvador Gil (Universitat de València) Session D2 (NA VIOLANT ROOM) Price gaps at the border: evidence from multi-country household scanner data. Natalia Zabelina (University of Siegen) Smooth Breaks and Nonlinear Mean Reversion in Real Interest Parity: Evidence from East Asian Countries. Abdullah Gülcü (Middle East Technical University) An Empirical Examination of Absolute Purchasing Power Parity: Argentina 1810-2016. Alejandro Jacobo (Universidad Nacional de Córdoba) Session D3 (OPEN ROOM) Expected shortfall assessment in commodity ETF portfolios with semi-nonparametric specifications. Javier Perote (Universidad de Salamanca) Commodity Pricing: Evidence from Rational and Behavioral Models. Enrique Salvador (Universitat Jaume I) The pattern of prices in the Spanish retail fuel market. Jordi Ripollés (Universitat Jaume I and IEI) Session D4 (JAUME I ROOM) Macroeconomic performance and collective bargaining in the EU. Julimar da Silva (Universidad Autónoma de Madrid) Disentangling permanent and transitory monetary shocks with a non-linear Taylor rule. Juan Angel Lafuente (Universitat Jaume I and IEI) Foreign Monetary Policy and Firms' Default Risk. Pedro Serrano (Universidad Carlos III de Madrid) 12:30-14:00 Parallel Sessions E

Session E1 (NA VIOLANT ROOM) Advanced business services and multinational corporation: theory and evidence. Artur Klimek (Wroclaw University of Economics) Leadership in Internationalization Strategies. Maja Barac (Universitat de València) Firm Heterogeneity and Location Choice of European Multinationals. Maite Alguacil (Universitat Jaume I and IEI) Session E2 (PRESS ROOM) BRICS: How Important is the Exchange Rate Pass-Through?. Rebeca Jimenez (University of Salamanca) The exchange rate as an adjustment mechanism in open economies: Implications for the floating, the fixed exchange rate and monetary unions. Carmen Díaz Roldán (Universidad de Castilla- La Mancha) International trade, exchange rate regimes and financial crises. María Santana (Universitat de les Illes Balears) Session E3 (JAUME I ROOM) Inequality Trends in China and India: A look at the macro drivers. Héctor Sala (Universitat Autònoma de Barcelona) Trends, Breaks and Persistence in Top Income Shares. Atanu Ghoshray (University of Newcastle) Globalization and Life Satisfaction: The Role of Income Inequality. Juliette Milgram (Universidad de Granada) Economic integration, within-country and between-country inequality in Europe. Javier Ordóñez (Universitat Jaume I and IEI) Session E4 (OPEN ROOM) The relationship between Aid for Trade and total factor productivity. Martina Siskova (Universitat Autònoma de Barcelona) From carry trades to curvy trades. Thomas Kostka (European Central Bank) Information spillovers and export extensive margin. Juan de Lucio (Universidad de Nebrija)