Norges Bank

New Developments in Business Cycle Analysis

Rome, Wednesday June 8th 2016

Call for Papers

Norges Bank, HEC Montreal and LUISS-Guido Carli are organizing a joint conference to bring together researchers working on empirical and theoretical aspects of business cycle analysis. The aim of the workshop is to discuss new approaches in modelling business cycles; novel empirical evidence on the behaviour of households, firms and governments during expansion, recession, crisis and recovery periods; and the new policy paradigms that have emerged after the global slump started in 2007. Relevant topics include, but are not limited to:

  • economic recovery following boom-bust episodes and cross-country spillovers
  • the impact on business cycles and economic policy of search frictions in the labor market, worker-employer matching and the labor force participation decision
  • the role of uncertainty in the business cycle
  • implications of heterogeneity in households and firms in responding to macroeconomic shocks
  • the macroeconomic impact and policy implications of fluctuations in commodity prices
  • the analysis of sectorial, regional and international labor and capital reallocation
  • the role of financial intermediation and financial channels in mitigating regional/sectorial imbalances
  • the implications of non-standard monetary policy measures for central bank balance sheet structures and monetary policy implementation
  • Interactions between asset price fluctuations and real economic activity

Sydney Ludvigson (New York University) and Frank Smets (European Central Bank) will be the keynote speakers for the event.

A discussant will be assigned to each presenter. Travel and accommodation expenses will be reimbursed for academic participants, subject to a cap. Papers (or extended abstracts) for submission should be sent to by March 28, 2016. Authors of accepted papers will be notified by April 4, 2016.

On June 7 LUISS-Guido Carli will host the «Research Meeting on Dynamic Macroeconomics», organized jointly with the conference. Conference participants are welcome to attend.

Program Committee:

  • Pierpaolo Benigno (LUISS – Guido Carli)
  • Francesco Furlanetto (Norges Bank)
  • Federico Ravenna (HEC Montreal)
Published 15 March 2016 13:30
Edited 18 May 2016 09:26
Published 15 March 2016 13:30
Edited 18 May 2016 09:26