## esr-workshop-121021

## Source details

**Canonical URL:** [esr-workshop-121021](https://www.imf.org/-/media/files/conferences/2021/esr-workshop/esr-workshop-121021.pdf)

## Other formats

- [Markdown version](/-/media/files/conferences/2021/esr-workshop/esr-workshop-121021.pdf.md)
- [Structured JSON version](/-/media/files/conferences/2021/esr-workshop/esr-workshop-121021.pdf.json)

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### Conference Schedule and Format
- Virtual conference Via WebEx (Times are in EST)
- 9:00–9:15 a.m. Opening Remarks
  - Antoinette Sayeh (Deputy Managing Director, IMF)

### Session 1: Supply Disruptions, Trade and the Global Economy in a Post-COVID World
- Moderator: Antonio Spilimbergo (IMF Research Department)
- 9:15–10:00 a.m.
  - “De-Globalisation? Global Value Chains in the Post-COVID-19 Age,” by Pol Antràs (Harvard University)
  - Discussant: Nitya Pandalai-Nayar (University of Texas at Austin)
- 10:00–10:45 a.m.
  - “What Can Stockouts Tell Us about Inflation? Evidence from Online Micro Data,” by Alberto Cavallo (Harvard Business School) and Oleksiy Kryvtsov (Bank of Canada)
  - Discussant: George Alessandria (University of Rochester)
- 10:45 a.m.-1:15 p.m. Virtual Break

### Session 2: Fiscal Policy and Global Imbalances
- Moderator: Valerie Cerra (IMF Fiscal Affairs Department)
- 1:15–2:00 p.m.
  - “Fiscal Policy in the Age of COVID: Does it ‘Get in all the Cracks?’” by Pierre Olivier Gourinchas (University of California, Berkeley), Ṣebnem Kalemli-Ӧzcan (University of Maryland, College Park), Veronika Penciakova (Federal Reserve Bank of Atlanta), Nick Sander (Bank of Canada)
  - Discussant: Veronica Guerrieri (University of Chicago)
- 2:00–2:45 p.m.
  - 2021 ESR Chapter 2 “Fiscal Policy and External Adjustment: What’s Coming?“ by Gustavo Adler (IMF), Cian Allen (IMF), Giovanni Ganelli (IMF), Keiko Honjo (IMF), and Daniel Leigh (IMF)
  - Discussant: Yuriy Gorodnichenko (University of California, Berkeley)
- 2:45-3:00 p.m. Virtual Break
- 3:00-3:45 p.m.
  - “Did the Tax Cuts and Jobs Act Reduce Profit Shifting by US Multinational Companies?” by Javier Garcia-Bernardo (University of Amsterdam), Petr Janský (Charles University), Gabriel Zucman (University of California, Berkeley)
  - Discussant: Katarzyna Bilicka (Utah State University)

### Workshop Organizers
- Rudolfs Bems
- Giovanni Ganelli
- Luciana Juvenal
- Sergio Beltran
- Lucia Buono
- Jane Haizel

*Source: esr-workshop-121021*

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_Source: https://www.imf.org/-/media/files/conferences/2021/esr-workshop/esr-workshop-121021.pdf_