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CEBRA’s BOSTON POLICY WORKSHOP, July 09, 2017, Federal Reserve Bank of Boston, MA, USA

Call for papers (Access the pdf here)

The Central Bank Research Association (CEBRA) is organizing an afternoon workshop on Sunday July 9, 2017.  The objective of this workshop is to bring together policymakers and researchers from across the globe to present policy-relevant work and discuss current issues and challenges in monetary policy and financial stability.

The event is open to researchers affiliated with a central bank or related policy institution only, as well as, to CEBRA’s executive officers and members of the Senior Council. The submitting author must be a member of CEBRA. To join CEBRA free of charge, please visit

After the recent global financial crisis, financial stability risks have come up to the forefront of policy discussions.  Central banks around the globe have addressed financial instability with different tools, including extraordinary monetary policy measures. Other approaches have favored the implementation of macroprudential policies to minimize externalities caused by a large ex-post decline in asset values.  Regarding monetary policy, the key issue of concern is the extended recovery period during which central banks have kept interest rates at very low levels, a period far longer than what almost anyone would have initially expected.  Overall, policy makers have faced a complex situation, which has generated a sizable demand for economic and financial research on these relevant topics. Against this background, we welcome submissions related, but not restricted, to policy-relevant research on financial stability and/or monetary policy.

The deadline for submissions is 22 January 2017. Please send drafts of completed papers to Authors of accepted papers will be informed by 15 March 2017. Please address any questions to

The workshop is hosted by the Federal Reserve Bank of Boston’s Research and Supervision Departments, and takes place at 600 Atlantic Ave., Boston, MA.

Scientific committee:

Chair: Jose Fillat (FRB Boston)

Edward Offenbacher (Bank of Israel)

Giovanni Olivei (FRB Boston)

Frank Smets (ECB)

Skander van den Heuvel (FR Board/ECB)



Banque de France: 12th Annual Central Bank Conference on Microstructure of Financial Markets, Paris, September 29-30

The Banque de France’s 12th Annual Central Bank Conference on Microstructure of Financial Markets is organised by Benoit Mojon and will take place at Banque de France Conference Center Auditorium on 29 and 30 septembre 2016.

This annual central bank workshop gives researchers, policy-makers and practitioners the opportunity to discuss theoretical work, empirical findings and policy implications related to the microstructure of financial markets. 

Financial market microstructure may influence – and be affected by – how central bank implement monetary policy. Topics of interest include market liquidity, the effectiveness of non-conventional monetary policy measures, financial stability and systemic risk. The conference will gather high quality research on the aspects of micro-structure that are the most relevant for central banks. Bruno Biais (Toulouse School of Economics) and Lasse Pedersen (Copenhagen BS and NYU Stern) will give keynote presentations.

Further information and an updated program can be accessed here.


Program: International Trade and Macroeconomic Interdependence in the Age of Global Value Chains, Vilnius, 15-16 September 2016

CEBRA’s International Trade and Macroeconomics Research Program is pleased to announce the program of its inaugural annual conference on  International Trade and Macroeconomic Interdependence in the Age of Global Value Chains. The event takes place in Vilnius, on 15-16 September 2016 and is co-organized with the Bank of Lithuania, the National Bank of Poland, and the Centre for Economic Policy Research (CEPR).

Organizing Committee:

Michal Brzoza-Brzezina, National Bank of Poland and CEBRA

Mihnea Constantinescu, Bank of Lithuania and CEBRA

Jan Hagemejer, National Bank of Poland

Fabio Ghironi, University of Washington, CEBRA and CEPR

Gianmarco I. P. Ottaviano, London School of Economics, CEBRA and CEPR


Preliminary Program


Thursday, September 15

8:00     Coffee and Registration

8:30     Welcoming Remarks: TBA

9:00     Keynote Panel: Rethinking Trade and Interdependence in the Age of GVCs

Richard Baldwin, Graduate Institute, Geneva and CEPR

Fabio Ghironi, University of Washington, CEBRA and CEPR

David Haugh, Organisation for Economic Co-operation and Development

10:30   Coffee Break

11:00   Invited Presentation: Peak trade? An Anatomy of the Recent Global Trade Slowdown

Marcel Timmer, University of Groningen


Bart Los, University of Groningen

Robert Stehrer, Vienna Institute for International Economic Studies

Gaaitzen de Vries, University of Groningen

12:00   Lunch

1:00     Session 1: GVCs and Labor Markets, Chair: TBA

Routine Jobs, Employment and Technological Innovation in Global Value Chains

Luca Marcolin, Organisation for Economic Co-operation and Development

Sébastien Miroudot, Organisation for Economic Co-operation and Development

Mariagazia Squicciarini, Organisation for Economic Co-operation and Development

Discussant: Philipp Harms, University of Mainz


Offshoring, Low-skilled Immigration and Labor Market Polarization

Federico S. Mandelman, Federal Reserve Bank of Atlanta

Andrei Zlate, Federal Reserve Bank of Boston

Discussant: Rosario Crino’, Catholic University Milan and CEPR

3:00     Coffee Break

3:30     Session 2: GVC Organization, Chair: Mihnea Constantinescu, Bank of Lithuania

Do Multinationals Transplant Their Business Model?

Dalia Marin, University of Munich and CEPR

Linda Rousova, European Central Bank

Thierry Verdier, Paris School of Economics and CEPR

Discussant: TBA

Managing Export Complexity: The Role of Service Outsourcing

Giuseppe Berlingieri, London School of Economics

Discussant: Alessandro Barattieri, Collegio Carlo Alberto, Turin

5:30     Adjourn

6:00     Dinner (for program participants only)


Friday, September 16


9:00     Invited Presentation: Internalizing Global Value Chains: A Firm-Level Analysis

Laura Alfaro, Harvard University


Pol Antràs, Harvard University and CEPR

Davin Chor, National University of Singapore

Paola Conconi, Université Libre de Bruxelles and CEPR

10:00   Coffee Break

10:30   Session 3: GVCs and Prices, Chair: TBA

Global Value Chains and Effective Exchange Rates at the Country-Sector Level

Nikhil Patel, Bank for International Settlements

Zhi Wang, United States International Trade Commission

Shang-Jin Wei, Asia Development Bank and CEPR

Discussant: Rudolfs Bems, University of Tokyo


International Inflation Spillovers through Input Linkages

Raphael A. Auer, Bank for International Settlements, CEBRA and CEPR

Andrei A. Levchenko, University of Michigan, CEBRA and CEPR

Philip Sauré, Swiss National Bank

Discussant: Sophie Guilloux-Nefussi, Bank of France

12:30   Lunch

1:30     Session 4: GVC Hubs, Chair: Fabio Ghironi, University of Washington, CEBRA and CEPR

Fundamental Moments

Jean Imbs, Paris School of Economics and CEPR

Laurent L. Pauwels, University of Sydney

Discussant: Aleksandra Parteka, Gdansk University of Technology

2:30     Coffee Break

3:00     Session 5: GVCs and Macroeconomic Issues, Chair: Fabio Ghironi, University of Washington, CEBRA and CEPR

Global Value Chain Participation and Current Account Imbalances

Johannes Brumm, University of Zurich

Georgios Georgiadis, European Central Bank

Johannes Gräb, European Central Bank

Fabian Trottner, Princeton University

Discussant: Gianluca Benigno, London School of Economics and CEPR


Global Perspective on Structural Labour Market Reforms in Europe

Povilas Lastauskas, University of Cambridge

Julius Stakenas, Bank of Lithuania

Discussant: Matteo Cacciatore, HEC Montréal

5:00                 Adjourn





Call: December 13-14, 2016, ECB/CEPR, “Wage developments in the aftermath of the crisis”


More information on:

12th Joint ECB/CEPR Labour Market Workshop on “Wage developments in the aftermath of the crisis”

December 13-14, 2016
European Central Bank, Frankfurt am Main

Deadline is Friday, 9 September

About the conference

The 12th Joint ECB/CEPR Labour Market Workshop focuses on how the crisis has affected wage dynamics, how wage adjustments have varied with underlying structural differences, and how the wage dynamics have shaped macroeconomic outcomes. It aims to draw lessons from past wage developments for the challenges lying ahead.

Research topics of particular relevance to the conference include:

  • Determinants of recent wage developments (for example, sectoral differences, productivity, slack, low inflation environment, zero lower bound)
  • Modelling wage dynamics
  • Effects of structural reforms on wage determination mechanisms during and after the crisis
  • Analyses of changes to the wage Phillips curve
  • Wages in a monetary union with segmented labour markets
  • Macroeconomic effects of (changes in) minimum wages
  • Relative strength of adjustment of wages, hours, and employment to shocks
  • Effects of migration on wages
  • Mismatch and wage dynamics
  • Wage structure: within the firm and at the top of the wage distribution


We invite researchers to submit original papers, either theoretical or empirical, for presentation at this workshop.

EPR members are requested to submit their papers by 6 p.m. (UK time) on Friday, 9 September 2016 via the CEPR’s online system. If you do not already have a personal profile to use this area of the CEPR’s website, please set one up.

If you have any difficulties in submitting your paper or you are NOT a CEPR member, please send an e-mail to Amanda Vincent-Rous, Events Officer, with the subject line “4585 – 12th Joint ECB/CEPR Labour Market Workshop”. Please indicate in your e-mail whether or not you wish to present a paper or would be willing to act as a discussant.

The travel and accommodation expenses of presenters and discussants will be reimbursed in accordance with standard ECB guidelines.

Scientific Committee

  • Styliani Christodoulopoulou (ECB)
  • Ana Lamo (ECB)
  • Marco Manacorda (CEPR and Queen Mary, University of London)
  • Claudio Michelacci (CEPR and Einaudi Institute for Economics and Finance, EIEF, Rome)
  • Sebastian Weber (ECB)

Call: “Understanding the roots of productivity dynamics”, Bank of Italy, Rome, 19-20.12.2016.

This workshop will focus on theoretical, empirical and methodological papers that can contribute to the understanding of the microeconomic channels affecting productivity dynamics, and hence growth, with a particular attention to policy implications.

We welcome papers related to the following topics:

– Productivity growth and measurement issues

– Misallocation of inputs and allocative efficiency

– Microeconomic frictions

– Firm level heterogeneity

Keynote speakers: Jan de Loecker (Princeton, KU Leuven & NBER), Gianmarco Ottaviano (LSE & CEPR).

Please submit your paper (drafts or extended abstract) through Conference Maker® no later than September 15, 2016 (

When submitting the paper, please indicate whether you are willing to act as a discussant. Decisions will be notified by October, 3rd.

The organizers

Matteo Bugamelli and Francesca Lotti (Bank of Italy)

Mark Roberts (PSU & NBER)

Fabiano Schivardi (Bocconi, CEPR & EIEF)

John Van Reenen (LSE & CEPR)


10th South-Eastern European Economic Research Workshop, Bank of Albania, Tirana, 1-2.12.2016

Following the tradition of successful and productive research workshops, the Bank of Albania has the pleasure to announce its 10th SEE Economic Research Workshop. The workshop aims to bring together researchers, scholars and central banks experts to present and discuss their research work in economics and finance.

The 10th SEE Economic Research Workshop will take place on 1 and 2 December 2016 in Tirana, Albania. The topic of this workshop will be “Including monetary policy and financial shocks and trends in modelling and policy analysis”. Researchers are invited to submit original papers that relate to the conference topic in the following areas:

 Monetary theory and policy (under uncertainty);
 Macro-prudential and unconventional monetary policy in economic models;
 Banking supervision and financial stability;
 Economic policies (monetary & fiscal) and financial stability;
 Financial market Dynamics and uncertainty;
 International trade and international finance;
 Exchange rate Dynamics and their implications;
 International banking and finance;
 Real effects of finance.

Paper Submission Process:
To participate in this workshop you should submit an extended abstract (300 – 500 words) in English and a short bio by August 31st 2016 to Dr. Altin Tanku, Director of the Research Department ( and to Drita Malutaj, Specialist in the Research Department (

All abstracts should include the title, keywords, JEL classification, authors’ names and affiliation and the email address of the corresponding author. Submitted papers shall be assessed by a Selection Committee, which will notify you for the paper acceptance by the end of October.
Final papers and the PowerPoint Presentations should be sent no later than November 15, 2016 to


Call: Challenges for Financial Stability in Europe, 6–7 October 2016, Prague

Access the call here

CALL FOR PAPERS “Challenges for Financial Stability in Europe”
6–7 October 2016
Czech National Bank, Prague

Deadline for submissions: 20 June 2016

This two-day conference is organised jointly by the Czech National Bank and the Institute of Economic Studies, Faculty of Social Sciences, Charles University. It will take place at the Czech National Bank in Prague.

The conference will focus on broad issues of current challenges to financial stability in Europe. Any theoretical or empirical paper falling in this area is welcome.

Keynote speaker:

Jon Danielsson (London School of Economics)

Paper submission and conference dates:

Please send your submission to
no later than 20 June 2016. Full papers are required. Authors are not allowed to submit more than one paper. The authors of accepted papers will be notified no later than 1 September 2016. Paper presenters are expected to discuss one other paper during the conference. The discussant assignments will be made in mid-September. The conference will be held from 6 October to 7 October 2016.

Special issues:

Selected papers will be published in special issues of the following journals:
Journal of Financial Stability
Topic: Challenges to Financial Stability in Europe
Guest editors: Roman Horvath (Charles University) and Kamil Galuscak (Czech National Bank)
Economic Systems
Topic: Interest Rates, Asset Prices and Systemic Risk
Guest editors: Michal Hlavacek (Czech National Bank) and Roman Horvath (Charles University)

When submitting your paper, please indicate whether you wish to have your paper considered for the special issue of Journal of Financial Stability, Economic Systems or both.


There is no conference fee, but participants are expected to cover their travel and accommodation expenses.


Czech National Bank, Na Prikope 28, Prague 1, 110 00, Czech Republic

Contact details:

Michal Hlavacek, Czech National Bank,
Roman Horvath, Charles University,
Kamil Galuscak, Czech National Bank,

Call – “Bank of Canada and the Canadian Payments Association Workshop on the Modelling and Simulation of Payments and Other Financial System Infrastructures” Ottawa, 27-28 October 2016

Call for Papers: Bank of Canada and the Canadian Payments Association Workshop on the Modelling and Simulation of Payments and Other Financial System Infrastructures

Ottawa, Canada, 27-28th October 2016

Papers should be submitted in electronic format to: by 1 July 2016.

The workshop, organized jointly by the Financial Stability Department and the Funds Management and Banking Department of the Bank of Canada and the Canadian Payments Association, intends to bring together central bankers and academic researchers with interest and expertise in payments systems. The workshop aims to provide a forum discuss recent research and spur the development of the next generation of models. The conference will host a limited number of paper presentations with discussants and will allow ample time for discussion and interaction.

The topics relevant to the workshop include but are not limited to theoretical, empirical and computational work on:

  • Payments systems simulation
  • Agent based modelling for payments systems
  • Structural estimation of bank networks
  • Intraday liquidity and collateral management.

More information at the conference website:

PAPER SUBMISSIONS: Papers should be submitted in electronic format to the following email address: by 1 July 2016. The program committee will complete the selection procedure by 15 August 2016. Final versions of the selected papers are due by end-September 2016.

ORGANISATIONAL INFORMATION: The event will take place at the Bank of Canada, Ottawa (Ontario), Canada. The conference will start in the morning of Thursday, October 27, 2016 and end in the early afternoon on Friday, October 28.

EXPENSES: Travel (economy fare) and accommodation expenses of academic speakers will be reimbursed.

SCIENTIFIC COMMITTEE: Segun Bewaji (Canadian Payments Association), James Chapman (Canadian Payments Association), Rodney Garratt (UC Santa Barbara), Co-Pierre Georg (Deutsche Bundesbank), Michael Gofman (U Wisconsin-Madison), Hector Perez-Saiz (Bank of Canada) and Francisco Rivadeneyra (Bank of Canada).