Home

The Euro Area Business Cycle Network (EABCN) aims to bring together researchers from Central Banks and other policy institutions with those in academia to help shape the European business cycle agenda.

Latest news

Albert Marcet new Scientific Chair and Massimiliano Marcellino new Scientific Vice Chair

Andrew Scott stepped down from his role as Scientific Committee Chair in December 2010. The EABCN would like to thank him for his significant contribution to the Network.

The Network welcomes Albert Marcet as new Scientific Chair and Massimiliano Marcellino as new Scientific Vice Chair.

Conference: 'Money is Back', London 30 April - 1 May 2012

A popular assumption in monetary economics in the last ten year has been to abstract from the presence of money supply. The premise seems to be that movements in the money supply are not an important determinant of monetary policy. Much of the recent policy interventions have been about influencing the money supply. the effect of these so-called "unconventional" measures can only be analysed with models where the money supply does play a role. This conference aims at discussing models where the role of money supply is addressed directly.

Click here for the call for papers.

Deadline: February 24, 2012

Conference: 'Fiscal and Monetary Policy in the aftermath of the Financial Crisis', Paris 8-9 December 2011

A number of issues pertainig to fiscal and monetary policy have been brought to the center stage of both policy debates and academic research in the aftermath of the recent financial crisis. The conference aims to bring together some of the recent papers on the topics listed below.

Debt consolidation, fiscal rules, debt sustanability, sovereign debt crises and default;
Fiscal and monetary policy in a liquidity trap, financial frictions;
Policy coordination and spillovers in an open economy or in a monetary union.

Click here for the program.

15th Traning School: 'The Econometric Analysis of Mixed Frequency Data with Macro/Finance Applications', Florence 26-28 October 2011

The 15th EABCN Training School will be a three-day course on "The Econometric Analysis of Mixed Frequency Data with Macro/Finance Applications'” taught by Professor Eric Ghysels. This training school will take place in Florence from 26 to 28 October 2011.

Click here for the invitation;
Click here for the application form;

Deadline passed.

Conference: 'Econometric Modelling of Macro-Financial Linkages', Florence 24-25 October 2011

The global financial crisis has emphasized the close linkages between macroeconomic and financial conditions, stimulating theoretical and empirical research on how to formally include these linkages into economic and econometric models, and on how to use the resulting models for structural analysis, forecasting, and economic policy design and assessment exercises. The conference will focus on the econometric aspects of the macro-financial linkages.

Click here for the program.

Albert Marcet is interviewed on Vox

Albert Marcet explains why the predictions of potential Spanish sovereign default are misguided. He discusses debt and financial coordination in the eurozone and comments on his new role as scientific chair of the EABCN.

Click here to listen to the interview.

14th Traning School: "Unemployment and Matching", Nicosia, 6-8 June 2011

The 14th EABCN Training School will be a three-day course on "Unemployment and Matching” taught by Professor Christopher Pissarides and Dr Rachel Ngai. This training school will take place in Nicosia from 6 to 8 June 2011.

Andrew Scott interviews two leading economists: Tom Sargent and Jordi Gali

Click here to listen to the inteviews and to download the transcripts.

13th Training School: "Baysian Inference in Macroeconomic Models" Brussels, 15 - 17 December 2010

The 13th EABCN Training School was a three-day course on "Baysian Inference in Macroecomic Models” taught by Professor Giorgio Primiceri. This training school took place in Brussels from 15 to 17 December 2010.

12th Training School: "Monetary-Fiscal Policy Interactions" Amsterdam, 14 - 16 September 2010

This EABCN Training School was a three-day course on "Monetary-Fiscal Policy Interactions” taught by Professor Eric M. Leeper. It took place in Amsterdam from 14 to 16 September 2010.

Conference: 'Advances in Business Cycle Research - Directions since the Crises', Brussels, 13-14 December 2010

The Great Recession, which began in the US in December 2007, has thrown up a huge variety of new research threads, reopening old debates and challenging widely held preconceptions. Policy makers and academics have not been slow to respond to these challenges. Three years after the crisis began the aim of this conference was to perform an audit of what has been learnt and what needs to be studied. It offered a broad perspective covering both theory and econometric practice and created an event for policymakers to pose what they consider to be the as yet most important unanswered questions.

Click here the final program.

11th Training School: Tools for Nonlinear DSGE Models, Rome, 23 - 25 June 2010

This was a three-day course on "Tools for Nonlinear DSGE Models” taught by Professor Jesus Fernandez-Villaverde. This training school, hosted by Banca d'Italia, took place in Rome from 23 to 25 June 2010.

Click here for the invitation.

Real Time Data Base: now publicly available on ECB SDW

We are happy to announce that now the database, available on this website since October 2005, is now publicly downloadable from the ECB Statistical Warehouse (SDW).

A detailed description of the database is contained in the CEPR/EABCN Working Paper "An Area Wide Real Time Data Base for the Euro Area" by Domenico Giannone, Jerome Henry, Magdalena Lalik and Michele Modugno.

For more details click here.

Conference: 'International Business Cycle - Linkages, Differences and Implications', Budapest, 28-29 June 2010

Global imbalances are widely seen to have been a contributory cause to the recent financial crisis and subsequent recession. The recession saw a sharp fall in trade and greater than usual synchronised declines across nations. A financial crisis in the US produced a sharp recession in Europe. The importance of spillovers between Emerging and Western Europe became apparent. In turn recovery is taking shape in different ways across different countries. There is a growing belief that understanding world business cycles will require greater understanding of the business cycle in emerging markets as well as global interactions between countries.

The conference was hosted by Magyar Nemzeti Bank.

Click here to view the programme and papers.