Welcome to the home page of CEBRA, the Central Bank Research Association. The mission of CEBRA is to encourage applied and theoretical research on topics relevant to central banks, financial regulators, international financial institutions, and fiscal authorities, as well as to connect the research staff of these institutions with academia.
NEWS:
Virtual Conference „Inflation: Drivers and Dynamics Conference 2020“, Federal Reserve Bank of Cleveland
The Inflation: Drivers and Dynamics 2020 conference, co-sponsored by the Center for Inflation Research and the European Central Bank, took place on May 21–22, 2020. The conference was held virtually. Please use this link to get to the conference webpage and the recorded sessions.
Scientific Committee:
Peter Karadi, Ed Knotek, Christiane Nickel, Chiara Osbat, Robert Rich, Raphael Schoenle
CfP: „COVID-19, real uncertainty, and monetary policy“, CEBRA Session at the 2021 ASSA meetings, Chicago, January 3-5, 2021 – submission deadline is May 25th 2020.
The Central Bank Research Association (CEBRA) is organizing a session on COVID-19, real uncertainty, and monetary policy at the 2021 ASSA meetings in Chicago on January 3-5. The session aims to bring together top researchers from academia, central banks, and other policy institutions to present the latest research findings related to COVID-19, real uncertainty and monetary policy.
Session Organizers:
Stephen Cecchetti – Brandeis University, NBER and CEPR
Raphael Schoenle (chair) – Federal Reserve Bank of Cleveland, Brandeis University, CEPR
Michael Weber – Chicago Booth, NBER and CEPR
Authors interested in presenting research related to the topic at this conference should submit a PDF of their paper to idd@cebra.org.
The deadline for submissions is May 25, 2020.
Announcement: launch of a new research program on „Inflation: Drivers and Dynamics (IDD)
Together with the Inflation Center of the Federal Reserve Bank of Cleveland, we are happy to announce the launch of a new research program on „Inflation: Drivers and Dynamics (IDD). The goal of the program is to draw upon the expertise of academics and policymakers to improve our understanding of the inflation process, its welfare consequences and business cycle properties, and statistical methods that offer greater forecast accuracy. The IDD program is led by its Co-Directors Rob Rich and Raphael Schoenle (Term 2020-2024) and an Advisory Committee of leading central bank and academic researchers.
Call for papers: CEBRA’s 2020 Annual Meeting at the London School of Economics and Political Science, London, September 01-03, 2020 – submission deadline was March 3rd
The preliminary program can be found here (subjects to change).
Submission link (please copy paste into browser): https://safe-frankfurt.de/cebra-submission-portal
Tuesday, 01 Sept, LSE Shaw Library (tbc), 15.00-20.30 (tbc)
Opening high-level policy discussion on the future of money and payments High-level policy panels on Central Bank Digital Currencies, Payments Systems, and the Future of the International Money and Financial System
Speakers: Tobias Adrian (IMF), Philip Lane (ECB), others TBC
Followed by a reception
Wednesday & Thursday 02-03 Sept, LSE, 9.00-17.30
The main conference takes place at LSE and features 35 contributed sessions and poster sessions on a wide variety of policy-relevant topics.
The scientific committee is chaired by Charlie Bean (LSE), Michael Kumhof (BoE), and Ricardo Reis (LSE)
On the afternoon of Wednesday September 2nd, Ben Broadbent (BoE) will deliver a keynote talk.
Thursday 03 Sept, 17.30-19.30, Court Room, Bank of England (identification required).
Closing reception hosted by the Bank of England.
Submissions are being sought on the below list of themes:
- Regulation and financial stability
- Drivers and dynamics of inflation
- International finance and macroeconomics
- Financial markets
- Monetary policy, frameworks, and communication
- Monetary policy and microfinance
- The macroeconomics of climate change
- The macroeconomics of migration
- Financial innovation, cyber risks, and cryptocurrencies
Papers submitted to the contributed sessions can also be considered for poster sessions.
One special poster session on Inflation: drivers, dynamics, and persistence will be jointly organized by the Center for Inflation Research, Federal Reserve Bank of Cleveland and ECB – Directorate General Research. Committee members are Luca Dedola (ECB), Robert Rich (FRB Cleveland) and Raphael Schoenle (FRB Cleveland).
The Deadline for Submissions was Tuesday March 3rd.
Call for papers: ITM annual conference, „Adjustments in and to an Uncertain World“, Vilnius, Lithuania, 24-25 September, 2020 – submission deadline is May 1st 2020.
This conference, organised by the Bank of Lithuania, the National Bank of Poland, CEPR, and CEBRA’s International Trade and Macroeconomics Program, will focus on recent transformations of international trade and macroeconomic interdependence induced by the growth of global value chains (GVCs).
The Topics of interest include (but are not restricted) to:
- Firms adjustment margins in the face of large adverse shocks;
- Trading firms’ behavior in an increasingly uncertain environment with rising protectionism, bilateralism, sanctions and global re-shuffling;
- The role of financial, institutional, informational, and other frictions in an uncertain environment;
- Impact of financial innovations and technologies on firms’ decisions;
- The role of uncertainty and information processing capabilities by firms;
- The role of policy to aid adjustment process.
Keynote Speakers: Emmanuel Farhi (Harvard University and CEPR) ,Beata Javorcik (EBRD and University of Oxford and CEPR) , Jennifer La`O (Columbia University), Kalina Manova (University College London and CEPR)
The Deadline for Submissions is Thursday May 1st.
CfP: „Exchange Rates and Monetary Policy“, CEBRA IFM, CEPR and Sveriges Riksbank, Stockholm, Sweden, October 1‐2, 2020 – submission deadline was April 15, 2020
The fourth annual meeting of CEBRA’s International Finance and Macroeconomics program is joint with CEPR and Sveriges Riksbank, and will be held in Stockholm, Sweden, on October 1‐2, 2020. The meeting will focus on the interaction between exchange rates and monetary policy.
The Topics of interest include (but are not restricted) to:
- the role of exchange rate movements as shock absorbers or sources of macroeconomic and
- financial instability
- monetary policy design in small open economies
- the international transmission of monetary policy
- distributional effects of exchange rate movements and
- exchange rates and global imbalances.
Keynote Speakers: Hélène Rey (London Business School and CEPR) and Philip Lane (European Central Bank and CEPR)
The Deadline for Submissions was Wednesday April 15th.
CfP: CEBRA Workshop for Commodities and Macroeconomics, Central Bank of Chile, Santiago, October 1‐2, 2020 – submission deadline was April 1, 2020
The Central Bank of Chile will host the Fourth Central Bank Research Association (CEBRA) Workshop for Commodities and Macroeconomics in Santiago on October 1‐2, 2020.
The Topics of interest include (but are not limited) to:
- Modeling and forecasting commodity prices and quantities.
- Macroeconomic implications and welfare effects of commodity price fluctuations
- Monetary or fiscal policy responses to commodity price fluctuations
- Fiscal budgeting and hedging policies for commodity‐producing countries
- Impact of commodity price fluctuations on capital flows and exchange rates
- Interactions between commodity prices and financial markets
- Commodity investment and production decisions and their effects on the economy
- Technological innovation and adoption in commodity markets
- The economics of non-renewable and renewable resources
- Commodities and the economics of climate and environmental change
Keynote Speakers: Stephanie Schmitt-Grohe and Martin Uribe (both Columbia University)
The Deadline for Submissions was Wednesday April 1st.
Recent events:
Program of CEBRA’s ASSA Session: Inflation and Price Setting, San Diego, January 3-5, 2020
Program of the 2019 CEBRA Workshop for Commodities and Macroeconomics, September 26‐27, Rome, Italy
Program of the 2019 Annual Meeting, July 18-20, NYC, USA
Invitation to the public high-level panels of the CEBRA’s 2019 Annual Meetings, July 19, Columbia University, New York
The 2019 Annual Meeting of the Central Bank Research Association (CEBRA) will take place at the Columbia SIPA on July 19-20. There are two options to attend this meeting:
- It is possible to attend the entire two-day CEBRA Annual Meetings taking place on July 19-20. To register for the full meeting, register here (a registration fee applies; registration closes June 15th).
- In additional, Columbia SIPA and the Central Bank Research Association (CEBRA) have the pleasure to invite you to the public high-level panels. Admission to the public high-level panels is free. To register for the public high-level panels, which take place alongside the 2019 Annual Meetings, register here.
The detailed invitation can be found on this page.
Call for Papers: „Digital currencies, central banks and the blockchain: policy implications“, Vienna, October 25, 2019
The submission deadline was 15 June 2019. The call for papers can be downloaded here.
The Oesterreichische Nationalbank (OeNB) will host a workshop on “Digital currencies, central banks and the blockchain: policy implications”. The workshop will be organised in association with the Bank for International Settlements (BIS) and the Central Bank Research Association (CEBRA). The conference committee consists of Martin Summer (OeNB) and Raphael Auer (BIS).
Policy-relevant submissions are being sought on the potential use cases of distributed ledger technology (DLT) in financial markets and resulting implications for public authorities. Examples include studies examining the technology, economics and regulatory implications of central bank digital currencies, cryptocurrencies, asset-backed tokens and decentralised market platforms.
Call for Papers: “ The effect of Monetary Policy Normalization on Emerging Markets „, IFM Annual Conference, Mexico City, December 5-6, 2019
The third annual meeting of CEBRA’s International Finance and Macroeconomics program is sponsored by the Bank of Mexico and the Financial Stability and Development (FSD) Network of the Inter-American Development Bank (IDB). It will focus on all aspects and issues related to the effect of monetary policy normalization on emerging market economies (EMEs). An ideal mix of papers will include both theoretical and empirical work.
Specific topics could be related but are not restricted to:
- Effects on monetary policy normalization on cross-border lending and the financial sector in EMEs
- Monetary and financial policy reaction of EMEs and optimal response
- Fiscal policy space in EMEs
- Implications for the banking system development in the EMEs
- Real effects of monetary policy normalization in EMEs
Keynote speaker: Kristin Forbes (Jerome and Dorothy Lemelson Professor of Management and Global Economics, MIT)
The conference will take a full day on December 5 and adjourn at lunch on December 6.
Funding: Accommodation (up to 2 nights) and travel expenses (economy class fare) will be covered for authors and discussants by the Bank of Mexico and the FSD Network. However, participants are encouraged to fund their own travel expenses from other sources as only limited funding is available.
The deadline for submissions was June 15, 2019. The link to the call for papers can be found here.
Authors of accepted papers will be informed by August 1, 2019. Please address any questions to fsd@iadb.org.
2019 Annual Meeting at Federal Reserve Bank of New York and Columbia University July 18-20, 2019
The preliminary program can be found on this page (subject to changes).
The 2019 annual meeting commences at 14.00 on Thursday, July 18 with a high-level policy workshop at the Federal Reserve Bank of New York, featuring presentations by Nellie Liang and Jeremy C. Stein and a keynote talk by John C. Williams.
The over 30 contributed sessions and further high-level panels take place on Friday and Saturday, July 19-20 at the Kellogg Center, School of International and Public Affairs, Columbia University. The Bank for International Settlements and Columbia University organise high-level panels. Contributed sessions are organised by Financial Stability Board, International Monetary Fund, Swiss National Bank, Federal Reserve Bank of St. Louis, Bank of Israel, Federal Reserve Bank of Cleveland, European Central Bank, Sveriges Riksbank, Federal Reserve Bank of San Francisco, Norges Bank, Bank of Spain, Bank of Japan, Bank of Canada, Bank of Korea,Oesterreichische Nationalbank, Federal Reserve Bank of Minneapolis, Deutsche Bundesbank, Central Bank of Ireland, Columbia University, SAFE/Goethe University Frankfurt, Center for Economic Policy Research, Asian Bureau of Finance and Economic Research, and International Banking Research Network.
The scientific committee is chaired by Patricia Mosser, Takatoshi Ito, Stefanie Schmitt-Grohé, and Michael Woodford (all Columbia University)
To register for the event, please visit here. Please note that registration to the high level workshop at the FRB New York on July 18 has already closed due to capacity constraints.
The link to the call for papers can be found here.
Call for Papers – CEBRA Workshop for Commodities and Macroeconomics, Rome, September 26‐27, 2019
The program can be found here.
The Bank of Italy and the European Central Bank will host the third CEBRA Workshop for Commodities and Macroeconomics.
Researchers at central banks and in academia are invited to submit papers on the economics of commodities (including energy, metals, and agricultural products) and their interaction with the economy.
Paper topics could be related (but are not restricted) to:
- Modeling and forecasting commodity prices and quantities.
- The role of different shocks in driving commodity prices.
- Interactions between commodity prices and financial markets.
- Commodity prices and global inflation.
- Impact of commodity price fluctuations on capital flows and exchange rates.
- Monetary or fiscal policy responses to commodity price fluctuations.
- Fiscal budgeting and hedging policies for commodity‐producing countries
Keynote Speaker:
Per Krusell (Stockholm University)
The deadline for submissions was May 1, 2019. The link to the call for papers can be found here.
Call for Papers – CEBRA’s ASSA Session: Inflation and Price Setting, San Diego, January 3-5, 2020
The program can be found here.
The session aims to bring together top researchers from academia, central banks, and other policy institutions to present the latest research findings related to inflation and price setting behavior. Some of the topics of interest include, but are not limited to:
- Inflation dynamics and monetary policy
- Monetary policy frameworks and the inflation process
- Determinants of inflation expectations and their relationship with observed inflation
- Input costs, networks and their role in inflation dynamics
- Micro-level price dynamics and implications for aggregate inflation
- Inflation forecasting
The deadline for submissions was May 15, 2019. The call for papers can be found here.
Session Organizers:
Raphael Schoenle (chair) – Federal Reserve Bank of Cleveland, Brandeis University and CEPR
Luca Dedola – European Central Bank and CEPR
Gee Hee Hong – International Monetary Fund
Call for Papers: “Risk, Volatility and Central Bank’s policies” IFM Annual Conference, 29-30.11.2018, Madrid
The second annual meeting of CEBRA’s International Finance and Macroeconomics program is sponsored by the Bank of Spain.
It will focus on all aspects of issues related to risk and volatility as they relate to central bank policies: conventional and unconventional monetary policy as well as financial stability policy.
Specific topics could be related but not restricted to:
- Measurement of global risk and volatility and more broadly global financial conditions and stress indicators
- Monetary policy and financial stability in an environment of low volatility
- The international risk-taking channel of monetary policy
- Effects of risk and volatility on international spillovers and global liquidity
- Implication of monetary policy normalizations on cross-border lending, risk-taking, and volatility
- Leverage, interconnectedness, and risk-taking
- Effects of global risk and volatility on real sector decisions
Keynote speakers:
- Torben Andersen (Kellogg School of Management, Northwestern University)
- Ricardo Reis (London School of Economics and Political Science)
Access the program of the meeting here.
Program of the 2018 Annual Meeting at SAFE/Goethe University Frankfurt, August 20-21 2018
Call for Papers: “Post-implementation Evaluation of the G20 Financial Regulatory Reforms” at CEBRA’s 2018 annual meeting
The Financial Stability Board (FSB) and Deutsche Bundesbank plenary session on the
‘Post-implementation Evaluations of the G20 Financial Regulatory Reforms’ will take place on Tuesday 21.08.2018 at the Research Center SAFE in Frankfurt as part of CEBRA’s 2018 Annual Meeting.
Call for Papers: CEBRA Workshop for Commodities and Macroeconomics, 5‐6.09.2018, Dallas
The Federal Reserve Bank of Dallas and the Bank of Canada will host the second Central Bank Research Association (CEBRA) Workshop for Commodities and Macroeconomics. Confirmed speakers: Lawrence Christiano (Northwestern U) and Lutz Kilian (U Michigan)
Access the program of the workshop here.
Call for Papers: “International Spillovers” ITM Annual Conference, 20-21.09.2018, Warsaw
Narodowy Bank Polski (NBP) in cooperation with the Bank of Lithuania, the Central Bank Research Association’s International Trade and Macroeconomics Program (CEBRA ITM) and the Centre for Economic Policy Research (CEPR) is organising a conference to discuss current issues in the area of international spillovers.
Access the program of the conference here.
More information can be found on the conference website.
Call for Papers: CEBRA’s 2018 Annual Meeting co-organized with the Research Center SAFE at Goethe University Frankfurt, August 20-21, 2018
The meeting features a keynote speech by Jens Weidmann, as well as high-level panels organized by the International Monetary Fund, Deutsche Bundesbank, and the Financial Stability Board.
The deadline for submissions was February 15, 2018.
David Lopez-Salido elected as inaugural Director of the Monetary Policy and Macro Finance research program. Researchers and institutions interested in contributing to this Research Program are asked to get in touch with David. More information is available here.
CEBRA’s 2017 Headline Events (For more events see our news feed):
Call for papers of the Workshop for Commodities and Macroeconomics, September 28‐29, 2017 at the Federal Reserve Board, Washington, DC. Deadline has passed, program can be accessed here.
2017 Annual Conference of the International Trade and Macroeconomics Program, Hosted by the Bank of Italy, October 5-6, 2017, Rome, Italy. Deadline has passed, preliminary program can be accessed here.
2017 Annual Meeting of the International Finance and Macroeconomics Program, Hosted by the Bank of England’s Moorgate Auditorium, October 19-20, 2017, London. Deadline has passed, program can be accessed here.
2017 Annual Meeting of the Central Bank Research Association, Hosted by the Bank of Canada, July 20-21, 2017, Ottawa, Canada. The 2017 annual meeting features six sessions jointly organized by CEBRA and the Bank of Canada. Further, the meeting features special sessions organized by the Bank for International Settlements, the International Monetary Fund, and the World Bank, as well as an invited session organized by the National Bureau of Economic Research. The deadline for submissions was 28 January 2017. The Program can be accessed here.
CEBRA’s sessions at the WEAI meetings, San Diego, June 25-29, 2017. CEBRA will be organizing four sessions at this event. Additionally, we are inviting our members to submit complete sessions. The deadline for submission was 22 January 2017. Access the program here.
CEBRA’s BOSTON POLICY WORKSHOP, July 09, 2017, Federal Reserve Bank of Boston, MA, USA. Submission deadline was 22 January 2017. Access the program here.
CEBRA’s 2016 Headline Events:
2016 Annual Meeting and Program of the Norges Bank-ESCB-CEBRA Workshop “Financial Stability and Macroprudential Policy” 16.08.2016 Oslo. Access the call here.
New: Video Highlights from the Event. International Trade and Macroeconomic Interdependence in the Age of Global Value Chains, CEBRA-Bank of Lithuania-National Bank of Poland-CEPR, Vilnius, 15-16 September 2016. Access the call here.
Portland (OR), June 29 – July 3, 2016: CEBRA sessions on real exchange rates, global banks and international linkages, and labor mobility at the Western Economic Association meetings – Access the program here