Latest News 

The CEPR-EABCN Euro Area Business Cycle Dating Committee deliberated on the 14th of March 2022 to assess the state of euro area economic activity. Real GDP returned to its pre-pandemic level in the final quarter of 2021, despite supply constraints, stringent pandemic restrictions due to the third COVID wave and higher energy prices. Investment and private consumption were important components of recovery, as was government consumption.

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

Upcoming Events

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.


Deadline: August 24, 2022
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.

Deadline: Passed
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".

More details and call for applications will be available soon

Deadline: Passed

Recent Events

Training School
20/06/2022 to 22/06/2022
Online via Zoom

Professors Francesco D’Acunto and Michael Weber will teach a three-day course entitled “Subjective Inflation Expectations: Measurement, Effects, and Policy Implications”.

May 27, 2022
Training School
15/06/2022 to 17/06/2022
University of Mannheim

Professor Ludwig Straub (Harvard University) will teach the EABCN Training School "Heterogeneous-Agent Macro in the Sequence Space" in Manheim. The goal of this course is to get participants up to speed on solution methods for general equilibrium models with heterogeneity, including computation of steady states, transition dynamics, estimation, and optimal policy. We will focus on the “sequence space” approach to solving these problems

April 01, 2022
19/05/2022 to 20/05/2022
National Bank of Ukraine (hybrid)


The 7th annual research conference jointly organized by the National Bank of Ukraine (NBU) and the Euro Area Business Cycle Network (EABCN) will focus on the emerging challenges of public and private competition in payments and decentralized finance along with their legal and regulatory challenges. Confirmed keynote speakers are Prof. Markus Brunnermeier (Princeton University) and Tommaso Mancini-Griffoli (International Monetary Fund).

The organizing committee invites submissions in the following areas (non-exhaustive)
- Monetary Policy effectiveness with public private currency competition
- Trade, FX volatility with cross-border CBDC
- Macroprudential policy for the digital age
- The microstructure of digital financial markets
- New avenues with algorithmic financial products
- Pricing Digital Assets
- The industrial organization of payment platforms: national competition for global players?
- Leapfrogging in emerging economies’ payment infrastructure and instruments

March 06, 2022
19/05/2022 to 22/05/2022
Eltville am Rhein, Germany

We welcome submissions from a broad range of themes related to the consequences of the Covid-19 shock for empirical macroeconomics. Topics of the conference include but are not limited to
• Rare events and disaster-type shocks
• Measuring economic uncertainty and its effects
• Nowcasting and forecasting in a changing environment
• Inflation dynamics
• Business cycle measurement
Serena Ng (Columbia University) and Frank Schorfheide (University of Pennsylvania) have confirmed their participation as invited speakers.

February 15, 2022
12/05/2022 to 13/05/2022

The twelfth conference organised by the International Research Forum on Monetary Policy (IRFMP) will be hosted by the European Central Bank (ECB) and will be held virtually on 12-13 May 2022

The conference will feature a policy panel chaired by Isabel Schnabel (member of the ECB’s Executive Board) and comprising Loretta Mester (President and CEO of the Federal Reserve Bank of Cleveland), Lucrezia Reichlin (London Business School, EABCN and CEPR) and Refet Gürkaynak (Bilkent University and CEPR). 

March 13, 2022
Training School
04/04/2022 to 07/04/2022

Professors Itamar Drechsler, Alexi Savov and Philipp Schabl will teach a four-day course entitled “Financial Intermediation and Monetary Policy”.  This class will explore the role of financial intermediaries in the transmission of monetary policy. The central topics are how monetary policy affects bank lending, the supply of liquidity, risk premia, and inflation through its interaction with the financial system. The training school will cover both theory and empirics, emphasizing the most recent contributions to the literature as well as our own work. Above all, this is a very active area of research, and we hope our discussions will stimulate the next wave of new ideas.

March 20, 2022