Credit Dynamics and the Macroeconomy

Credit market dynamics have increasingly influenced macroeconomic developments in recent years. Notably, since the start of the recent Great Recession, credit markets have been a major source of macroeconomic disturbances as well as being important in the transmission of shocks originating elsewhere. Given the likely fundamental changes that credit dynamics has seen in relation to the macroeconomy in recent years, a re-assessment of the theoretical and empirical modelling of the links between credit and macroeconomic variables is warranted. This conference will bring together policymakers and academics interested in these issues. We welcome submissions of theoretical and empirical papers on the topic. Keynote speakers are Simon Gilchrist, Anil Kashyap and Nobuhiro Kiyotaki