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 email@example.com 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 firstname.lastname@example.org, Anthony Landry (email@example.com) and Martin Berka (firstname.lastname@example.org) if you want to submit a complete session.
For information about the meeting, please consult www.weai.org.
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?
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 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.
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.
2017 Annual Meeting of the Central Bank Research Association
Hosted by the Bank of Canada
July 20-21, 2017, Ottawa, Canada
The annual meeting of the Central Bank Research Association (CEBRA) brings together policy-relevant research on topics of interest to central banks and international financial institutions. CEBRA’s 2017 Annual Meeting is organized jointly with the Bank of Canada (BoC) and takes place on July 20-21 2017 at the BoC’s conference center in Ottawa.
The 2017 meeting features six sessions jointly organized by CEBRA and BoC. Further, the meeting features special sessions organized by the Bank for International Settlements (BIS), the International Monetary Fund (IMF), and the World Bank (WB), as well as an invited session organized by the National Bureau of Economic Research (NBER).
The deadline for submissions is 28 January 2017. Please send drafts of completed papers to CEBRA2017@bankofcanada.ca stating the name of the session you are submitting to in the subject of your submission email. Please also indicate whether you would like to act as discussant. Authors of accepted papers will be informed by the end of March 2017. Please address any questions to Rhys Mendes (email@example.com).
The submitting author must be a member of CEBRA. To join CEBRA free of charge, visit www.cebra.org/join/. There is no registration fee for the event. Travel expenses will not be reimbursed by CEBRA or the BoC.
Chair: Rhys Mendes (BoC)
Members: Enrique Alberola (BIS), Marcus Brunnermeier (Princeton & NBER), Stephen Cecchetti (Brandeis & NBER), Giovanni Dell’Ariccia (IMF), Jean-Sébastien Fontaine (BoC), Galina Hale (FRBSF), Leonardo Gambacorta (BIS), Scott Hendry (BoC), Raju Huidrom (WB), Emanuel Kohlscheen (BIS), Ayhan Kose (WB), Oleksiy Kryvtsov (BoC), Sylvain Leduc (BoC), John Rogers (FRB), Georg Strasser (ECB), and Jing Yang (BoC).
|1.||Unconventional monetary policy||CEBRA & Bank of Canada||Jean-Sébastien Fontaine (BoC) and Jing Yang (BoC)|
|2.||Financial globalization and inequality||CEBRA & Bank of Canada||Galina Hale (FRBSF)|
|3.||Fintech and payments||CEBRA & Bank of Canada||Scott Hendry (BoC)|
|4.||Micro price dynamics and inflation||CEBRA & Bank of Canada||Oleksiy Kryvtsov (BoC), John Rogers (FRB), and Georg Strasser (ECB)|
|5.||Commodities and macroeconomics I||CEBRA & Bank of Canada||Enrique Alberola (BIS), Emanuel Kohlscheen (BIS)|
|6.||Commodities and macroeconomics II||CEBRA & Bank of Canada||Oleksiy Kryvtsov (BoC) and Sylvain Leduc (BoC)|
|7||Low interest rates, bank business models and changes in financial intermediation||Bank for International Settlements||Leonardo Gambacorta (BIS)|
|8||Monetary policy and financial stability||International Monetary Fund||Giovanni Dell’Ariccia (IMF)|
|9||Cyclical spillovers||World Bank||Raju Huidrom (WB) and Ayhan Kose (WB)|
|10||Recent advances in international macro-finance (invited session, no submissions)||National Bureau of Economic Research||Marcus Brunnermeier (Princeton & NBER) and Stephen Cecchetti (Brandeis & NBER)|
Madrid, 24 – 25 May 2017
Banco de España together with Centro de Estudios Monetarios y Financieros (CEMFI) is starting a series of biennial conferences to promote the research and discussion of topics related to financial stability among academics, practitioners, and policy-makers. The first conference will be held at the Banco de España’s headquarters in Madrid on 24-25 May 2017.
Mario Draghi, President of the European Central Bank, will be the keynote speaker and Luis M. Linde, Governor of the Banco de España, will open the conference.
Complete manuscripts (not abstracts) should be sent in pdf format to firstname.lastname@example.org. The deadline for submissions is 28 February 2017. Authors of accepted papers will be notified by 31 March 2017. Travel and accommodation expenses of academic participants will be reimbursed.
Access the full call here: First Conference on Financial Stability
Applications should be sent via e-mail to email@example.com by December 15, 2016.ru_vsp_spring_2017
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 www.cebra.org/join/.
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 firstname.lastname@example.org. Authors of accepted papers will be informed by 15 March 2017. Please address any questions to email@example.com.
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.
Chair: Jose Fillat (FRB Boston)
Edward Offenbacher (Bank of Israel)
Giovanni Olivei (FRB Boston)
Frank Smets (ECB)
Skander van den Heuvel (FR Board/ECB)call-boston-policy-workshop-2017-jul-09
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.
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).
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
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
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
Managing Export Complexity: The Role of Service Outsourcing
Giuseppe Berlingieri, London School of Economics
Discussant: Alessandro Barattieri, Collegio Carlo Alberto, Turin
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
1:30 Session 4: GVC Hubs, Chair: Fabio Ghironi, University of Washington, CEBRA and CEPR
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
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.
- 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)