ESSIM 1997 will bring together between 50 and 60 participants for a period of four-and-a-half days to discuss on-going research in international macroeconomics. There will be two plenary sessions each morning in which the papers with the most general appeal will be presented. The afternoon activities will be more specialized: two parallel meetings each of two sessions devoted to the discussion of a more specialized paper. The time during the afternoon between the plenary and the parallel session will be available for participants to interact and work together.