DE / EN
Frankfurt-Mannheim Macro Workshop, 23–24 September 2021

                                                      The 2021 Frankfurt-Mannheim Macro Workshop will take place on
                                                                                        23–24 September 2021
                                                                                         as a virtual workshop


and is organized by Anne Hannusch (University of Mannheim) and Zainab Iftikhar (University of Frankfurt).

You can find the call for papers HERE.

The Frankfurt-Mannheim-Macro Workshop is held on a yearly basis. It provides a forum for the discussion and the development of macro-oriented research projects by researchers at universities and research institutions in Frankfurt and Mannheim and aims at stimulating the exchange between the two groups. The workshop targets a broad audience including advanced PhD students, junior and tenured faculty.

Note that if the health situation allows, the workshop will be held in person at the Goethe University in Frankfurt on 24 September 2021.
 

 

Euro Area Business Cycle Network Training School: Beliefs and Social Networks, Online Seminar, June 14-17, 2021

Hosted By: University of Mannheim
Organizers: Klaus Adam and Eleonora Granziera

General Description

We are pleased to announce details of the latest EABCN Training School, a course over 2 weeks entitled „Beliefs and Social Networks“. Professor Johannes Stroebel (NYU Stern School of Business) 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).

Course outline

This course will introduce participants to a recent literature that studies the interaction between household and investor beliefs, social interactions, financial markets, and the broader macroeconomy. The first lecture explores the role of investor beliefs in affecting financial markets, reviewing a number of recent research papers that combine survey evidence of investor beliefs with (largely behavioural) models of asset pricing. The second class then discusses the determinants of investor beliefs. The third class explores how social interactions affect investor beliefs and behaviors in the housing market. And the fourth class explores how social networks and social interactions affect a range of other economic outcomes, such as mutual fund investments and international trade patterns. In the process, we will introduce a new data set, the Social Connectedness Index, that measures the extent to which indiviudals across various regions are connected on Facebook. Participants are then encouraged to work on a group project with this publicly available data set to explore how social networks affect a range of economic outcomes. Possible projects include using the Social Connectedness Index to explore the propagation of economic shocks across geographies, or to forecast the spread of Covid-19.

The course is divided into four lecture sessions taught over four days, followed by a practice/presentation session the following week.

14–17 June 2021:

Session 1: Investor Beliefs and Financial Markets

Session 2: The Determinants of Household and Investor Beliefs

Session 3: Social Interactions and Beliefs in the Housing Market

Session 4: Social Networks and Economic Outcomes

25 June 2021:

Group presentations: Data work with Social Connectedness Index

Administrative Information:

The course will take place online. More information about logistics will be circulated closer to the date.

 

Euro Area Business Cycle Network Training School, June 7-23, 2021

Modern Macro, Money, and International Finance
by
Markus Brunnermeier (Princeton University)

Online Course

Teaching (Markus Brunnermeier): 
June 7, 14, 21, 2021, 2:30–4:00 pm and 4:30–6:00 pm CEST

TA-Sessions (Sebastian Merkel) : 
June 9, 16, 23, 2021, 2:30–4:00 pm CEST

Deadline: 6pm (UK time), Friday 14 May, 2021


General Description

We are pleased to announce details of the latest EABCN Training School; “Modern Macro, Money, and International Finance”. Professor Markus Brunnermeier will teach the course and Sebastian Merkel will give the TA sessions. 

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).
 

Course Contents

This course will expose participants to modern continuous time modelling techniques at the intersection between macroeconomics, monetary economics and (international) finance. The aim of this course is to develop and teach advanced tools and includes a step-by-step solution procedure that participants can apply to a variety of economic problems.
Topics include monetary theory based on financial frictions, non-linear dynamics, endogenous risk and risk premium dynamics, safe assets, fiscal debt capacity, currency competition in an international setting, and as well as digital currency issues. 

1. A Simple Heterogenous Agents Model
2. Endogenous Risk, Price of Risk, and Risk Premium Dynamics
3. Money Model with Idiosyncratic Risk, the Fiscal Theory of Price Level, and MMT
4. The I Theory of Money, Safe Assets and Flight to Safety
5. Welfare: Monetary Policy and Macro-Prudential Policy Interaction
6. International Monetary System: A Risk Perspective
7. Digital Money, Digital Currency Areas, Digital Dollarization

The course will take place online in the afternoons for Europe:

•June 7th lecture (3 hours)

•June 9th practice (1.5 hours)

•June 14th lecture (3 hours)

•June 16th practice (1.5 hours)

•June 21st lecture (3 hours)

•June 23rd practice (1.5 hours)


Administrative Information:


 Further information will be available to successful applicants. Candidates who have a CEPR profile should apply by submitting their CV online at: portal.cepr.org/eabcn-training-school-modern-macro-money-and-international-financeby 6pm (UK time), 14 May, 2021. If you do not currently have a CEPR profile, please create a new one hereand then click on the registration link.PhD students should also send a statement that specifies the ways participating in theschool will be useful for their current research (max 300 words).Participants from non-academic institutions where the employer is not a member of the EABCN network are charged a course fee of EUR 1000.

About the Instructor:

Markus K. Brunnermeier is the Edwards S. Sanford Professor at Princeton University. He is a faculty member of the Department of Economics and director of Princeton's Bendheim Center for Finance. He is also a research associate at NBER, CEPR, and CESifo and a member of the Bellagio Group on the International Economy. He is a Sloan Research Fellow, Fellow of the Econometric Society, Guggenheim Fellow and the recipient of the Bernácer Prize granted for outstanding contributions in the fields of macroeconomics and finance. He is/was a member of several advisory groups, including to the IMF, the Federal Reserve of New York, the European Systemic Risk Board, the Bundes­bank and the U.S. Congressional Budget Office. Brunnermeier was awarded his Ph.D. by the London School of Economics (LSE).


For more information on EABCN, visit the website.

Economic Perspectives on Societal Challenges: Mannheim Workshop on Firm Heterogeneity and Macroeconomics, Dec 10-11, 2021

We invite submissions for a workshop on Firm Heterogeneity and Macroeconomics.
The workshop will be in-person at the University of Mannheim on December 10-11.


Mannheim is conveniently located in close proximity to Frankfurt airport (30 minutes by
train). We expect all travel restrictions to be lifted by then.


We are delighted to announce that Simon Gilchrist (NYU) and Virgiliu Midrigan (NYU)
have confirmed their participation as keynote speakers.
Please find the call for papers here.