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 NBHECworkshop@norges-bank.no 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)