Latest News 

The CEPR-EABCN Euro Area Business Cycle Dating Committee deliberated on 27 December 2022 to assess the state of euro area economic activity, relying on quarterly data through the third quarter of the year. Across euro area countries, some of the dispersion caused by the Covid shock has dissipated but differences in the recovery are still notable.

For more information, please visit the Dating committee section on the website

Upcoming Events

Conference
31/08/2023 to 01/09/2023
University of Mannheim, Germany

The conference covers a broad range of themes around monetary and macro-finance topics. It will bring together recent contributions in this area of research, including studies with a strong theoretical basis and empirical papers. A non-exclusive list of examples of relevant topics includes:
▪ High inflation and its consequences
▪ Supply-side disturbances and structural change
▪ Financial stability and international capital markets
▪ Digital assets and the unit of account role of money
▪ Monetary and fiscal interactions with high public debt levels
▪ The role of firm, product and consumer heterogeneity
▪ The role of expectations and communication
Markus Brunnermeier (Princeton University and CEPR) and Christian Wolf (MIT) are confirmed invited speakers, and we welcome further relevant submissions.

Deadline: April 20, 2023
Training School
20/09/2023 to 22/09/2023
Banco de Portugal

We are pleased to announce details of the latest EABCN Training School; a three-day course entitled “Analysis of macroeconomics data using local projections”. Òscar Jordà (SF-FED) will teach the course. It is primarily aimed at participants in the Euro Area Business Cycle Network but applications will also be considered from doctoral students, post-doctoral researchers, and economists working in central banks and government institutions outside of the network, as well as commercial organisations (fees are applicable for non-network non-academic organisations).

Deadline: July 14, 2023
Training School
08/05/2023 to 10/05/2023
Banco de Portugal

Professor David Berger (Duke University) will teach a three-day course titled  “Housing and the Macroeconomy”. The training school will take place in person at the Banco de Portugal on May 8-10, 2023. 

 

Deadline: Passed

Recent Events

Conference
25/11/2022
Online

Many central banks in emerging economies have recently been adopting inflation-targeting regimes to steer inflation towards a target, thus reducing inflation volatility and ensuring macroeconomic stabilization, especially at times of adverse shocks. Although emerging markets differ substantially in terms of inflation targeting policy rules and parameters, operational design and policy tools, the empirical evidence seems to broadly suggest that inflation targeting is effective even in volatile and vulnerable macroeconomic environments. However, the uneven recovery in demand and supply following recent events, such as the pandemic and the war in Ukraine, may generate novel challenges for central banks and governments: How anchored are inflation expectations in this new environment? For how long can central banks rely on inflation anchoring? How to phase out ultra-cheap money in an increasingly fragile real and financial sector? How to choose between risks of over-tightening versus under-tightening? Is an inflation targeting framework useful for tackling these issues?

program

 

November 08, 2022
Conference
14/11/2022
EUI - Florence

The Euro Area Business Cycle Dating Committee, in collaboration with the Pierre Werner Chair, is organising a conference on potential output and output gap measurement, aiming at shedding light on how theoretical and statistical concepts of potential output and the output gap relate and how to measure them in practice. The focus is the Euro Area - either taken as a whole or, possibly, for different constituent countries - with a particular interest on the relationship between cyclical fluctuations extracted with different methods and gaps.

Program available here https://www.eui.eu/events?id=550060

November 14, 2022
Training School
07/11/2022 to 09/11/2022
Online via Zoom

Professor Refet Gűrkaynak (Bilkent University and CEPR) will teach a three day online class on "Finance for Macroeconomists: High Frequency Analysis, News, Surprises and Shocks".

 

October 02, 2022
Training School
26/09/2022 to 28/09/2022
Online via Zoom

Professors Eric Ghysels, Massimiliano Marcellino and Jonas Straukas will a three-day course entitled “What's New in Mixed Frequency Data (MIDAS), with Applications to Machine Learning and Big Data”. 

The focus of the course is the use of mixed frequency data in economics and finance. A variety of single and multiple equation models will be considered, for both small and large datasets, combined with alternative estimation and inference techniques. Theory and practical implementations will be covered.

 

August 24, 2022
Training School
12/09/2022 to 14/09/2022
Online via Zoom

Professor John Hassler (IIES Stockholm University) and Professor Per Krusell (IIES Stockholm University) will teach a three day online class on "Climate Change and its Effects on Macro/Monetary Policy".

 

August 08, 2022
Conference
02/09/2022 to 03/09/2022
University of Mannheim

The conference covers a broad range of themes related to the conduct of monetary policy. It will bring together recent contributions in this area of research, including studies with a strong theoretical basis and empirical papers. A non-exclusive list of examples of relevant topics includes:
▪ The role of climate change for monetary policy
▪ Monetary policy response to supply-side disturbances and structural change
▪ Monetary and fiscal interactions: monetary policy with high public debt levels
▪ The role of firm, product and consumer heterogeneity for monetary policy
▪ The role of expectations and communication in monetary policy
▪ Digital assets and the unit of account role of money
Ludwig Straub (Harvard University) and Michael Weber (University of Chicago) are confirmed invited speakers.

March 31, 2022