The Ideas for Growth Session on Macroeconomics focused on International Capital Flows.

Francesco Caselli chaired the session and Maurice Obstfeld (UC Berkeley) presented 'Stories of the twentieth century for the twenty-first'.  Pierre-Olivier Gourinchas (UC Berkeley) presented 'Global liquidity and the reform of the international monetary system' and Veronica Rappoport (Colombia) presented 'Dissecting the Effect of Credit Supply on Trade: Evidence from Matched Credit-Export Data'.

Subir Gokarn (Reserve Bank of India) and Danny Leipziger (George Washington School of Business) were the discussants.