RESEARCH FELLOWSHIP PROGRAMS, Hong Kong Institute for Monetary Research

Access the call here

The Hong Kong Institute for Monetary Research (HKIMR) accepts applications for positions as  visiting Research Fellow on an ongoing and highly competitive basis under the two following programmes.

The HKIMR offers an attractive remuneration package, including travel and accommodation allowances. If you are interested and meet the specific requirements, please email a proposal of 3-5 pages together with your curriculum vita to Hong Kong Institute for Monetary Research ( The Council of Advisors reviews proposals on a quarterly basis. Since the Council frequently requests clarifications of the proposed projects, applicants need to apply well in advance of their desired dates of visit.

Call: CEBRA Workshop for Commodities and Macroeconomics, September 28‐29, 2017 at the Federal Reserve Board, Washington, DC, USA

CEBRA Workshop for Commodities and Macroeconomics

Thursday and Friday, September 28‐29, 2017

Hosted by the Federal Reserve Board, Washington, DC, USA

Call for papers
The Federal Reserve Board will host a CEBRA workshop for Commodities and Macroeconomics in Washington DC on September 28‐29, 2017. The workshop will focus on the broad economic implications of commodity markets. We invite researchers to submit papers on any aspect of the economics of commodities (including energy, metals, and agricultural products) and their interaction with the broader economy.

Specific topics could be related (but not restricted) to:
 Modeling and forecasting commodity prices and quantities.
 Measure of expectations and their role in commodity price movements.
 The roles of demand, supply, and financial shocks in driving commodity prices.
 Speculation and commodity prices.
 Interactions between commodity prices and financial markets.
 Technological innovation and adoption in commodity markets.
 Analysis investigating commodity project investment and production decisions.
 Broad macroeconomic implications of commodity price fluctuations.
 The welfare effects of shocks in particular commodity markets, e.g., falling oil prices.
 Monetary or fiscal policy responses to commodity price fluctuations.
 Fiscal budgeting and hedging policies for commodity‐producing countries.
 Aggregate output and inflation responses to commodity price movements.
 Commodity price cycles’ effects on the global economy, emerging economies, or
commodity‐producing economies.
The submitting author must be a member of CEBRA. To join CEBRA free of charge, please
The deadline for submissions is June 15, 2017. Please send drafts of completed papers to Authors of accepted papers will be informed by July 31.
Please address any questions to
Scientific committee: Martin Bodenstein, Deepa Datta, Benjamin Johannsen, Maria Tito, and Robert Vigfusson

CEBRA Board Call for Papers Commodities and Macro


(updated) Program of the 2017 Annual Meeting at Bank of Canada, July 20-21, Ottawa, Canada

Program of the 2017 Annual Meeting of the

Central Bank Research Association

Hosted by the Bank of Canada

     July 20-21, 2017, Ottawa, Canada

Access the updated program here


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).

Scientific committee:

 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).


Program CEBRA Annual Meeting 2017



Call: Fragmentation of International Trade and Finance and Risks from Rising Protectionism. Annual meeting of the International Finance and Macroeconomics Program @ Bank of England, London, October 19-20, 2017

The first annual meeting of CEBRA’s International Finance and Macroeconomics program is sponsored by the Bank of England. The submitting author must be a member of CEBRA. To join CEBRA free of charge, please visit:
The deadline for submissions is May 15, 2017.


Program: CEBRA’s Sessions at the WEAI 2017 meetings in San Diego

On June 25-29, 2017 CEBRA is organizing five sessions at the 2017 annual meeting of the Western Economic Association International in San Diego. The program is outlined below and the time schedule of the sessions will be posted on the web page of WEAI later this year.

Access the call here.

Bold indicates the scheduled presenter.

SESSION 1: The Future of Unconventional Monetary Policies

  1. Margarita Rubio (University of Nottingham), “Macroprudential Policies in a Low Interest-Rate Environment”
  2. Annukka Ristiniemi (Riksbank), “Quantitative easing and the price-liquidity trade-off”
  3. Mario Crucini (Vanderbilt), Did Unconventional Fiscal Policy under the ARRA Help Those Most In Need? A County-Level Analysis
  4. Pau Rabanal (IMF), “Should Unconventional Monetary Policies Become Conventional?”

SESSION 2: Applied Macroeconomics and Time Series Econometrics

  1. Andreas Fischer (Swiss National Bank), “Portfolio rebalancing in times of stress”
  2. Ine Van Robays (ECB), “Time-variation in US monetary policy spillovers: Good versus bad times”
  3. Martin Berka (University of Auckland), “Structural determinants of real exchange rates in the OECD”
  4. Tatsuma Wada (Keio Univeristy), TBA

SESSION 3: The effects and transmission of monetary policy

  1. Johannes Wieland (UCSD), “Financial Dampening”
  2. Kevin Lansing (FRB-SF), “Endogenous Regime Shifts in a New Keynesian Model With a Time-Varying Natural Rate of Interest”
  3. Julien Champagne (Bank of Canada), “The Macroeconomic Effects of Monetary Policy in a Small-Open Economy : Narrative Evidence from Canada”
  4. Sami Alpanda (UCF), “Household Debt Overhand and the Transmission of Monetary Policy”

SESSION 4: Asset markets Linkages: Risks and Spillovers
ORGANIZER: YU-CHIN CHEN, University of Washington

  1. Alexandra Tabova (FRB Board), “Searching for Yield Abroad: Risk-Taking through Foreign Investment in U.S. Bonds”
  2. Dorislav Dobrev (FRB Board), “High-Frequency Cross-Market Trading: Model Free Measurement and Applications”
  3. Anthony Landry (Bank of Canada), “Capital-Goods imports and US Growth”
  4. Yu-chin Chen (Washington), “Exchange rates and yield curves in the era of unconventional monetary policies”

SESSION 5: Central bank policy and household decisions

  1. Chomsisengphet Souphala (Office of the Comptroller of the Currency), “Monetary Policy Shock, Cash Demand and Consumption: Evidence from Turkey”
  2. Matilda Kilström (Riksbank), “Household Debt and Monetary Policy: Revealing the Cash-Flow Channel”
  3. Edison Yu (Philadelphia Fed), “Uncertainty and Consumer Credit Decisions”
  4. Xin Zhang (Riksbank), “Monetary Normalizations and Consumer Credit: Evidence from Fed Liftoff and Online Lending”

Call for applications: Research Unit Visiting Scholars Programme at the Bank of Finland, Monetary Policy and Research Department, Fall/Winter 2017

The Bank of Finland’s Research Unit (RU) invites applications for the Visiting Scholars Programme in the areas of macroeconomics, monetary policy, financial stability and financial markets. More information are available under
The application deadline is April 30, 2017.


Call: Understanding inflation: lessons from the past, lessons for the future?

Frankfurt am Main, 21-22 September 2017

Many countries have seen low inflation in recent years, and both structural and cyclical factors seem to have contributed to this. The aim of the conference is to enhance our understanding of the drivers and dynamics of inflation and of inflation expectations, to draw conclusions from the most recent low inflation environment as well as from earlier episodes, and to discuss lessons for the future. The conference is intended to provide a forum for discussing innovative research and to facilitate exchanges of views between researchers and policymakers.

Submission Deadline: 31 May 2017

For further information, please visit the website.