Call: CEBRA’s Sessions at WEAI, San Diego, June 25-29, 2017

On June 25-29, 2017 CEBRA is organizing four sessions at the 2017 annual meeting of the Western Economic Association International in San Diego.

Paper submissions should be sent to weai@cebra.org by 22.01.2017. Decisions will be made by 31.01.2017.

Also, CEBRA is inviting its members and its member central banks to submit further complete sessions. We need to negotiate additional sessions with WEAI, so we are asking potential session submitters to be in touch asap. Please contact weai@cebra.org, Anthony Landry (alandry@wharton.upenn.edu) and Martin Berka (m.berka@auckland.ac.nz) if you want to submit a complete session.

For information about the meeting, please consult www.weai.org.

 

SESSION 1

Title: The Future of Unconventional Monetary Policies

Organizer: Pau Rabanal, IMF

Participating: Pau Rabanal and Anthony Landry

Short Description: During the Global Financial Crisis, central banks in most advanced economies deployed new instruments, commonly known as unconventional monetary policies (UMP), once policy rates hit their effective lower bound. A key question going forward is whether these policies should be part of the central bank’s toolkit, or if they should only be deployed in a financial crisis. This session will seek contributions on the following questions: Should unconventional monetary policies still be deployed when interest rates and economic conditions normalize? What should be the optimal size of the central bank’s balance sheet? What should be the optimal policy mix between conventional and unconventional monetary policies, and other government policies such as fiscal, macroprudential and structural policies?

SESSION 2

Title: Applied Macroeconomics and Time Series Econometrics

Organizer: Tatsuma Wada, Keio University

Participating: Tatsuma Wada and Martin Berka

Short Description: Time Series Econometrics has been a powerful tool for macroeconomic analysis. Recent developments such as non-linearity, structural breaks, and time-varying parameters are shown to be useful for some cases. But there are some problems yet to be overcome in these models: low (if any) forecasting power, intricacy in computing, and difficulties in model comparisons. This session looks forward to new ideas in macroeconomic modeling and time series econometrics.

SESSION 3

Session title: The effects and transmission of monetary policy.

Organizers: Sami Alpanda (University of Central Florida) and Julien Champagne (Bank of Canada).

Participating: Julien Champagne and Johannes Wieland.

Short description: The pace of recovery following the Great Recession in the U.S. have been rather tepid, despite the significant amount of monetary stimulus provided to the economy. The transmission channels and the effects of monetary policy that are featured in policy models anticipated stronger effects on the real economy. In this session, we would like to showcase new contributions in the literature that focus on the transmission channels and the effects of monetary policy. In particular, contributions would revisit the issues regarding the identification of monetary policy shocks, and explore the possible state-dependent nature of the effects of monetary policy.

SESSION 4

Title: Asset markets Linkages: Risks and Spillovers

Organizer: Yu-chin Chen, University of Washington

Participating: Mario Crucini and Yu-chin Chen

Short description: Understanding the interconnection between macro economy and various markets is crucial for risk management and policy design. This session looks to explore, both theoretically and empirically, information and risk-spillover between markets such as equity, bonds, commodity, FX, within and across countries.