The European Central Bank (ECB) is organising a Conference on macroeconomic modelling for central banks on 27 and 28 November, 2024 at the ECB in Frankfurt am Main, Germany.
The unexpected events of the recent years (Covid-19, post-pandemic inflation, large-scale fiscal/monetary policies, artificial intelligence, climate change, etc.) have brought the topic of modelling and forecasting at central banks to the spotlight. The conference aims to serve as a platform to assess and validate the modelling and forecasting agendas employed by central banks, bringing together researchers and practitioners to discuss advances and modelling frontiers in the areas of heterogeneity, artificial intelligence, and climate change.
Contributions in the topics below are of particular interest:
Implications of agent heterogeneity for business cycle dynamics
- Optimal monetary and fiscal policies with heterogeneous agents
- Asymmetric impact of aggregate shocks in heterogeneous agent/bank/sector models
- Economic and financial consequences of artificial intelligence
- Innovations in deep learning for macroeconomic modelling
- Forecasting using large language models
- Macroeconomic models with physical risk micro-foundations
- Modelling innovations on the macroeconomic impact of nature and/or climate adaptation
The conference will also feature a Day-Ahead with policymakers, academics, and practitioners to foster discussion and debate around the importance of macroeconomic models for central banking, their usefulness in research-related policy preparation, but also their challenges and future trends.
Argia Sbordone (Federal Reserve Bank of New York) and David Vines (Oxford University) will deliver keynote speeches. A high-level policy panel will follow with Don Coletti (Bank of Canada), Juha Kilponen (Suomen Pankki), Silvana Tenreyro (LSE) and Carlos Thomas (Banco de España).
Paper submissions deadline: 15 September 2024.
Successful applicants will be notified by 30 September 2024.
We invite authors to submit completed papers to MacroModellingConf@ecb.europa.eu
The conference will be in-person at the ECB premises in Frankfurt.
Organizing Committee:
Matteo Ciccarelli (ECB), Matthieu Darracq Pariès (ECB), Romanos Priftis (ECB)