The post-war period has witnessed a dramatic increase in international trade flows and foreign direct investment, as well as in the number of firms that produce outside of national borders. The objective of the conference is to improve our understanding of the impact of these trends. Specific...

PRELIMINARY PROGRAM - Are There Thresholds of Current Account Adjustment? - Financial Account Adjustment - Current Account Adjustment and International Wealth Transfers - Current Accounts and Global Rebalancing in a Multi-Country Simulation Model - The Emergence and Transformation of the US...

Franco Modigliani's death in September 2003 deprived the economics profession of one of its most accomplished practitioners-an outstanding theorist who made significant contributions to the design of policies for improving the economic wellbeing. Modigliani, a refugee from Mussolini's fascist...