|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.|
'Econometric Methods for Business Cycle Analysis, Forecasting and Policy Simulations', Oslo 11-12 June, 2015
The recent turbulent times have revived the interest in business cycle analysis, forecasting and methods to assess the effects of economic policies. This, in turn, has generated the development of refined or totally new econometric methods, in particular based on Bayesian techniques. The conference will cover a broad range of econometric themes with emphasis on methodological, theoretical and empirical aspects and their relevance for economic policy making.
Fabio Canova (EUI), Herman van Dijk (Erasmus University), Jesus Fernandez-Villaverde (University of Pennsylvania), Alejandro Justiniano (Chicago FED) and Hashem Pesaran (University of Southern California and University of Cambridge) have confirmed their partecipation.
- Click here for the call for papers.
- Deadline: 28 February 2015
'Inequality and Macroeconomics' Stockholm, 12-13 December 2014
- Click here for the call for papers
- Deadline: passed
'Nonlinearities in Macroeconomics and Finance in Light of Crisis' Frankfurt, 15-16 December 2014
- Click here for the call for papers.
- Deadline passed
Upcoming training schools
'Macroeconomics and Inaquality', Stockholm, 9-11 December 2014
The 22nd EABCN training school will be a three days course on 'Macroeconomics and Inequality' taught by professor Per Krusell (Stockholm University) and professor Anthony Smith (Yale University). The course will review the theoretical developments of heterogeneous agents models. The course will also cover the empirical literature on inequality in income and wealth.
- Click here for the invitation.
- Deadline: passed
Discussion forum: 'International Banking and Liquidity Risk Transmission: Lessons from cross Countries', Frankfurt 29 September 2014
Activities of international banks have been at the core of discussions on the causes and effects of the international financial crisis. Yet we know little about the actual magnitudes and mechanisms for transmission of liquidity shocks through international banks, including the reasons for heterogeneity in transmission across banks. The International Banking Research Network (IBRN), establishes in 2012, brings together researchers from around the world with access to micro-level data on individual banks to analyse issues pertaining to global banks.
Guest speakers wil include:
- Professor Claudia M. Buch (Deputy President of the Deutsche Bundesbank)
- Professor Jean Imbs (Paris School of Economics and CEPR)
- Dr Joe Peek (Federal Reserve Bank of Boston)
- Dr Huw Pill (Goldman Sachs)
- Professor Helen Rey (London School of Economics and CEPR)
Click here for more information.
'Financial Frictions and Macroeconomic Activity', Florence, 15-17 September 2014
- The course will be followed by the conference "Macroeconomic Stability, Banking Supervision and Financial Regulation", September 18-19, click here for more information about the event.
'International Dimension of Optimal Monetary Policy', Cambridge (UK), 3-5 July 2014
- trade-offs between internal and external objectives reconsidered. Open-economy Phillips Curve, loss function and targeting rules. Monetary versus macro-prudential policies;
- Open issues in the design of DSGE models for policy design and assessment:
- Local currency price stability of imports;
- Stabilization under fixed exchange rates: pitfalls in the so-called Walters' critique. Are multipliers larger under fixed exchange rate regime?
- The trasmission of sovereign risk.
- Click here for more details
'Macroeconomic Stabilization and Economic Recovery after the Financial Crisis' Cambridge (UK), 9-10 May 2014
- Click here for the program
'Financial Econometrics, Macroeconometrics, and Predictive Modelling' Florence, 12-14 May 2014
- Click here for the invitation
'Judgement and Combination in Forecasting and Policy Models', London, 20-21 March 2014
- Click here for the program and papers.
'Inflation Developments after the Great Recession', Eltville (Frankfurt), 6-7 December 2013
Inflation is at the moment under control in most of the developed world, in some areas there are deflation risks and in others active policies are in place to exit from deflation. However, rising fiscal deficits and public debt and unconventional monetary policy may have inflationary effects in the medium run, though the transmission mechanisms are still unclear and the uncertain enviroment makes it difficult to project future effects and developments in inflation expectations. This conference will focus on empirical and theoretical contributions providing an assessment of various issues related to inflation developments, offering new perspectives on structural analysis, forecasting and economic policy design and assessment.
- Click here for the program and papers
'Volatility: Measurement, Modelling and Forecasting', Florence 13-15 November 2013
The 19th EABCN training school will be three days course on 'Volatility: Measurement, Modelling and Forecasting' taught by Professor Torben G. Andersen (Kellogg School of Management, Northwestern). The training school will take place at the European University Institute, Florence, from the 13th to the 15th of November 2013.
Click here for the details
Discussion Forum: "Fiscal Fragmentation in the Euro Area: Sources, Implications and Policy Responses", Frankfurt, 23 September 2013
- Yves Mersch (European Central Bank)
- Victor Gaspar (Banco de Portugal)
- Eric Nielsen (UniCredit Bank)
- Jaume Ventura (CREI & CEPR)
- Klaus Adam (University of Mannheim & CEPR)
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.
Andrew Scott interviews two leading economists: Tom Sargent and Jordi Gali
Click here to listen to the inteviews and to download the transcripts.
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.