Forthcoming Events

Depending on the number of submissions, we may organise sessions with short and long presentations, and that each submission will be automatically considered for both, unless the author wishes otherwise, in which case they should indicate it in the "Comments" field on the submission form.

How to apply

The CEPR Network on Household Finance is launching a new online seminar series on Household Finance. The series is currently run by Cristian Badarinza (National University of Singapore) and Vimal Balasubramaniam (Queen Mary University of London). We meet once a fortnight on Friday (CET 15:00) on Zoom. This is structured like a regular seminar, with light-touch moderation and opportunities to ask questions during the presentation. The Zoom link to each seminar will be made available on email, one hour before the session.

The next talk is on Friday 21 May 2021 at 3pm CEST and the speaker will be Roxana Mihet (HEC Lausanne and the Swiss Finance Institute) presenting on "Financial Technology and the Inequality Gap".

To receive information on how to join each seminar, please sign up to our CEPR Household Finance mailing list by clicking https://portal.cepr.org/cepr-household-finance-seminar-series. The Zoom link to each seminar will be made available on email, one hour before the session. Follow us on twitter (@cepr_org) and visit our webpage https://cepr.org/cepr-household-finance-seminar-series.

We are pleased to announce details of the latest EABCN Training School; an online course entitled "The ZLB and Secular Stagnation". Professor Gauti Eggertsson 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 applicable for non-network organisations).

Course outline

The class will cover basic theory of price and output determination in the New Keynesian models and the effect of monetary and fiscal policy. We will cover how the basic framework can explain not only the effect of monetary and fiscal policy under normal circumstances, but also conditions that give rise to hyperinflation and especially conditions giving rise to zero interest rate. The class will also cover theories of prolonged slumps, often termed theories of secular stagnation, and discuss the importance of heterogeneous agent models to understand the transmission of monetary and fiscal policy. The main reference is a new manuscript on monetary economics currently being written by Gauti Eggertsson.

How to apply:

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

• May 24th lecture (3 hours)
• May 25th practice (3 hours)
• May 26th lecture (3 hours)
• May 27th practice (3 hours)
• May 28th lecture (3 hours)

Further information will be available to successful applicants. Candidates who have a CEPR profile should apply by submitting their CV online at https://portal.cepr.org/eabcn-training-school-ZLB-secular-stagnation-may-2021 by 6pm (UK time), Friday, 7 May 2021. If you do not currently have a CEPR profile, please create a new one here and then click on the registration link.

PhD students should also send a statement that specifies the ways participating in the school 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:

Gauti B. Eggertsson is a macroeconomist and a Professor of Economics at Brown University Economics Department. He received his Ph.D. in Economics from Princeton University in 2004, after having completed his B.S. in economics from the University of Iceland. He has worked at Research Departments of the International Monetary Fund and the Federal Reserve Bank of New York. Since graduation he has also been visiting faculty at Princeton, Yale, and Columbia where he taught international finance and macroeconomics at both graduate and undergraduate level. Eggertsson has published in a variety of professional journals such as the American Economic Review, Brookings Papers on Economics Activity, Economic Journal, Journal of Monetary Economics, Journal of Money, Credit and Banking, Review of Economic Dynamics and the Quarterly Journal of Economics. The main focus of his work is the analysis of monetary and fiscal policy over the business cycle, both from a modern and historical perspective. His work with Michael Woodford in 2003 is by many considered as having provided theoretical underpinning for the policy forward guidance of various central bank following the crisis of 2008.

Organisers:

Schedule:

• 25th May: David Yanagizawa-Drott (University of Zurich and CEPR)
• 8th Jun: Robin Burgess (LSE and CEPR)

Micro and Macro Implications of Household Behaviour and Financial Decision-Making is a new cross-disciplinary seminar series covering research at the intersection of household finance, macro and labour economics. It represents a collaboration between universities and research networks and centres.
 
Seminars are held on Zoom on each month and will run for 90 minutes including a discussion panel.
 
Our third meeting will be on Friday 28th May from 3:30pm-5:00pm BST and will feature Monika Piazzesi (Stanford and CEPR) presenting Learning about Housing Cost: Survey Evidence from the German House Price Boom. Discussion by Ulrike Malmendier (University of California, Berkeley and CEPR) and Stijn van Nieuwerburgh (Columbia University and CEPR).  

Registration Link:
https://us02web.zoom.us/meeting/register/tZUtd-CsrTotE9QeKAgm4qinwi2-6V2fmg8I
 
Organisers: Richard Blundell, Michael Haliassos, Christopher Hansman, Yigitcan Karabulut, Peter Levell, Benjamin Moll, Tarun Ramadorai, and Polly Simpson.
            
Abstract:
This paper uses new household survey data to study expectation formation during the recent housing boom in Germany. The cross section of forecasts depends on only two household characteristics: location and tenure. The average household in a region responds to local conditions but underpredicts local price growth. Renters make on average higher and hence more accurate forecasts than owners, although their forecasts are more dispersed and their mean squared forecast errors are higher. A quantitative model of learning about housing cost can match these facts. It emphasizes the unique information structure of housing among asset markets: renters who do not own the asset are relatively well informed about its cash flow, since they pay for housing services that owners simply consume. Renters then make more accurate forecasts in a boom driven by an increase in rents and recovery from a financial crisis.

Organizers:

Julia Cajal-Grossi (IHEID)
Monika Mrázová (UniGe and CEPR)
Frédéric Robert-Nicoud (UniGe and CEPR)

Scientific Committee:

Richard Baldwin (IHEID and CEPR)
Cosimo Beverelli (WTO)
Julia Cajal-Grossi (IHEID)
Celine Carrère (UniGe and CEPR)
Nicolas Maystre (UNCTAD)
Monika Mrázová (UniGe and CEPR)
Marcelo Olarreaga (UniGe and CEPR)
Roberta Piermartini (WTO)
Frédéric Robert-Nicoud (UniGe and CEPR)

Schedule:

Each meeting will take place on a Monday at 4.00 PM (CET) / 3.00 PM (GMT) and last for 1 hour and 15 minutes.

The line-up of speakers is as follows:

- 1st March: Steve Redding (Princeton University and CEPR)
- 15th March: Kalina Manova (University College London and CEPR)
- 29th March: Laura Alfaro (Harvard University and CEPR)
- 12th April: Gene Grossman (Princeton University and CEPR)
- 10th May: Paola Conconi (Université Libre de Bruxelles and CEPR)
- 31st May: Nathan Nunn (Harvard University)