We are writing to invite you to submit a paper or to express your interest in attending CEPR's 2020 European Research Workshop in International Trade (ERWIT), to be held in Milan from 3 to 5 June 2020, organised in cooperation with Università degli Studi di Milano, Centro Studi Luca d'Agliano, the Baffi Carefin Centre of Bocconi University and the Horizon 2020 MICROPROD Project. Papers are invited on any trade-related issues.

ERWIT is an annual workshop that brings together international economists from across Europe and key researchers from outside the region. The workshop disseminates the findings of recent research on international trade, and presentations often involve exploratory rather than finished papers. It provides a unique opportunity to discuss trade-related research in a relaxed atmosphere.

The workshop will run for 3 full days from the early morning on Wednesday 3 June until the late afternoon on Friday 5 June. The afternoon of Friday 5 June will be dedicated to the MICROPROD Project Conference. CEPR and the local organisers will offer some funding for travel and accommodation, but we cannot guarantee funding for all participants. If you have alternative research travel funding at your disposal, we encourage you to indicate this on your reply form. This will help fund travel for participants who do not have other sources of funding, young researchers in particular. Where funding is provided for travel costs, this will be in accordance with the CEPR Travel Guidelines.

Kindly note that it will not be possible to accept all applications to attend the event. At this stage, we would thus like you to simply confirm your interest in attending the meeting and indicate whether or not you wish to present a paper. When selecting papers, some preference will be given to researchers who have not presented at ERWIT recently, although we still encourage everyone to apply.

Authors who are CEPR members can upload their submission on https://portal.cepr.org/european-research-workshop-international-trade-erwit-2020. If you do not currently have a CEPR profile, please create a new profile here https://portal.cepr.org/user/register and then click on the registration link above. The deadline for submissions is 18:00 (BST), Friday 13 December 2019.

If you have any difficulties registering for this meeting, please contact Mandy Chan, Senior Events Officer at [email protected] or +44 20 7183 8804.

Beata Javorcik, Giorgio Barba Navaretti, Carlo Altomonte, Gianmarco I.P. Ottaviano

With the contribution of the Achille and Giulia Boroli Chair in European Studies - Bocconi University

Keynote speeches will be delivered by:

Please send a draft of your paper, or a detailed abstract, in electronic form to [email protected] by January 5, 2020. Please indicate with your submission if you will need funding (CEPR's travel reimbursement policy will apply).

Organizing Committee: Philippe Bacchetta, Florin Bilbiie and Jean-Paul Renne.

After eight successful workshops in Ancona (2012, 2013, 2014, 2018), Kobe (2015), Chicago (2016, 2019) and London (2017) the Money and Finance Research Group (MoFiR), together with the Banco de Portugal and the Católica Lisbon School of Business and Economics, are pleased to announce the next workshop will be held in Lisbon, Portugal, on 4-5 June, 2020.

The organising committee of this small informal workshop invites submissions of high-quality theoretical and empirical research on financial intermediation. Scholars in the fields of banking and finance will meet to discuss current issues in banking, financial stability, and financial regulation, focusing on policy reforms for a stable global financial environment. The workshop will provide an opportunity for presentations and discussions about policy-relevant research in an informal and highly interactive environment.

The keynote speaker will be Murillo Campello (Cornell University and NBER)

This year the workshop will include an additional half-day (3 June, afternoon) at ISEG, Lisbon, on SME financing, with invited speakers.

Travel costs (airfare) for presenters and invited discussants will be reimbursed for an amount up to ?500 for domestic travelers and ?1,500 for overseas travelers. There is no conference fee, and all meals are included, but participants must cover their own accommodation costs.

SUBMISSION DEADLINE: To submit a paper (full papers accepted only), please visit the call for papers webpage https://portal.cepr.org/9th-mofir-workshop-banking https://portal.cepr.org/9th-mofir-workshop-banking. The deadline for submission is 6pm (GMT), Sunday 15 December 2019. If you do not currently have a CEPR account, please create a new profile here https://portal.cepr.org/user/register and then click on the registration link above. If you have any difficulties registering for this meeting, please contact Mandy Chan, Senior Events Officer at [email protected] or +44 20 7183 8804 for assistance (with subject header "9th MoFiR Workshop on Banking").

DUAL SUBMISSION OPTION: In the submission, authors should indicate if they wish their paper to be considered (at no extra fee) for publication by RCFS under the Dual Submission Program. This is a "no-fault" submission option: if the RCFS reviews the paper and rejects it, the authors may submit it to any SFS journal at a later date as if it was never submitted. See http://sfs.org/dualsubmissionpolicy/ for details.

Papers will be selected by the program committee and corresponding authors will be notified of acceptance by 1 March, 2020. Given capacity constraints and to promote an active discussion, preference will be given to authors who can attend the whole workshop.

Programme Committee: Pietro Alessandrini (Università Politecnica delle Marche and MoFiR), Lamont Black (DePaul University), Martin Brown (University of St. Gallen), Nicola Cetorelli (Federal Reserve Bank of New York), Claire Célérier (University of Toronto), Hans Degryse (KU Leuven and CEPR) Ralph De Haas (EBRD and Tilburg University and CEPR), Andrew Ellul (Indiana University, ECGI and CEPR), Michele Fratianni (Università Politecnica delle Marche and MoFiR), Jon Frost (Bank for International Settlements), Leonardo Gambacorta (Bank for International Settlements and CEPR), Mariassunta Giannetti (Stockholm School of Economics and CEPR) , Arpit Gupta (NYU Stern), Nandini Gupta (Indiana University), Kinda Hachem (University of Virginia), Vasso Ioannidou (Lancaster University and CEPR), Rustom M. Irani (University of Illinois at Urbana-Champaign and CEPR), Sebnem Kalezmi Ozcan (University of Maryland, NBER and CEPR), José María Liberti (DePaul University, Northwestern University and MoFiR), David Martinez, Miera (Universidad Carlos III and CEPR), Raoul Minetti (Michigan State University), Camelia Minoiu (Federal Reserve Board), Steven Ongena (University of Zurich, SFI and CEPR), Marco Pagano (University of Naples Federico II, CSEF, EIEF and CEPR), Jacopo Ponticelli (Northwestern University), Sergio Schmukler (The World Bank and MoFiR), Enrico Sette (Bank of Italy), Janis Skrastins (Washington University in St. Louis), Sascha Steffen (Frankfurt School of Finance & Management), Jason Sturgess (Queen Mary University of London), Hirofumi Uchida (Kobe University and MoFiR), Gregory Udell (Indiana University and MoFiR), Iichiro Uesugi (Hitotsubashi University and MoFiR)

Local Organising Committee: Diana Bonfim (Banco de Portugal and Católica Lisbon School of Business and Economics), Geraldo Cerqueiro (Católica Lisbon School of Business and Economics), Cláudia Custódio (Imperial College Business School and CEPR), Andrea F. Presbitero (International Monetary Fund and MoFiR), Alberto Zazzaro (University of Naples Federico II, CSEF and MoFiR)

Additional Information: MoFiR and workshop website: https://sites.google.com/view/mofir2020/home Location: Banco de Portugal ( https://www.bportugal.pt/en/ ) and Católica Lisbon School of Business and Economics ( https://www.clsbe.lisboa.ucp.pt )

The banking sector is undergoing rapid technological change. This creates opportunities as well as challenges for the banks, and potentially has implications for financial stability and financial regulation. The aim of this conference is to bring together researchers in different fields of finance and economics to discuss current issues in banking, financial stability, and financial regulation. We are inviting high quality submissions of both theoretical and empirical nature on micro- and macroeconomic aspects of financial intermediation. Topics could include, but are not limited to:

Technological advances and access to credit;

Changing business models of banks and financial stability;

Evolving competition in the financial sector;

The adequacy of micro and macro-prudential policies to safeguard financial stability;

The resolution of failed banks and too-big-to-fail (TBTF);

The transmission of monetary policy;

Information production and disclosure (e.g., stress tests, accounting statements) and its impact on market discipline and financial stability;

Corporate governance at financial institutions;

The internationalization of the banking sector.

SUBMISSION DEADLINE: JANUARY 15th, 2020.

Papers should be submitted electronically to [email protected] along with your affiliation and email address. Authors of accepted papers will be contacted by March 1st, 2020. Economy class travel and accommodation for invited participants will be covered.

FURTHER INFORMATION:

The conference will be held at Tilburg University. Tentatively, the program starts Thursday June 4th at 9:00 and ends Friday at 16:00. The program will include up to 10-12 papers with their discussions, leaving ample time for comments from the audience and for interaction among participants. Presenters and discussants are expected to attend for the whole duration of the conference. More details about the conference and the venue can be found at:

https://www.tilburguniversity.edu/research/institutes-and-research-groups/ebc

ORGANISERS:

Fabio Castiglionesi (EBC, Tilburg University), Vasso Ioannidou (Lancaster University and CEPR), Louis Raes (EBC, Tilburg University), Thorsten Lehnert (Luxembourg School of Finance)

PROGRAM COMMITTEE (to be completed):

How to apply
For CEPR members and for those with a CEPR profile, please submit your paper via the CEPR online system by visitinghttps://portal.cepr.org/RPN-Populism-2020. If you do not have a personal profile, you can create one here and then cilck on the registration link above. If you have any difficulty in applying, please email Mariolina Ciccone in the CEPR events team, at [email protected] with the subject header "10005-RPN Populism 2020".

If you wish to attend please do ensure that your application and paper reach CEPR by 18:00 (GMT) January 19, 2020. We cannot accept submissions received after this date. It may not be possible to accept all applications to attend this symposium if demand exceeds the space available. We aim to notify successful applicants by the end of February 2020.

The organisers and steering committee of the 21st CEPR Conference on Applied Industrial Organisation (IO) are writing to invite you to submit a paper or to express your interest in attending the conference, which will take place in Rome, 8-10 June 2020. The conference will be organised by Andrea Pozzi (Einaudi Institute for Economics and Finance and CEPR), Mar Reguant (Northwestern University, NBER, and CEPR) and Nicolas Schutz (University of Mannheim and CEPR).

The event is hosted by the Einaudi Institute for Economics and Finance (EIEF) and will take place at their facilities in central Rome. Financial support for the conference is generously provided by the Journal of Industrial Economics (JIE), EIEF, University of Zurich, European Research Council (ERC), Charles River Associates, Cornerstone Research, SOSE and CEPR.

Conference Details:

The Applied IO conference series seeks to contribute to the understanding of the breadth of topics analysed within the field of Industrial Organisation, including demand, productivity, competition in the short- and long-run, innovation, investment, and auctions, to develop empirical protocols and tests of economic models, to promote the exchange and the dissemination of results at the forefront of research, and finally, to evaluate current competition and regulation policies. It will cover the state of the art in both theoretical and empirical Industrial Organisation.

The last two years, the conference "returned to its roots" and witnessed enhanced collaboration between IO economists from both sides of the Atlantic. Fostering this collaboration, we are happy to confirm the attendance and participation of Simon Anderson (Virginia and CEPR), Uli Doraszelski (Wharton and CEPR), Phil Haile (Yale), Jean-Francois Houde (Wisconsin), Francine Lafontaine (Michigan and CEPR), Jeanine Miklos-Thal (Rochester), Nathan Miller (Georgetown), Eugenio Miravete (Texas and CEPR), Aviv Nevo (UPenn), Ariel Pakes (Harvard), Matt Shum (Caltech), Amanda Starc (Kellogg), and Jidong Zhou (Yale SOM).

Young European researchers are encouraged to apply to the concurrent CEPR/JIE School for Industrial Organisation. The goal of the school is to provide a forum for young European researchers in Applied IO to get exposure for and receive feedback on their work. Based on the success of the format last year, researchers accepted to the school will give very short (<10 min) presentations of their work at some point during the conference and participate in poster sessions during an extended lunch period immediately after their presentations. Given its goals, only young researchers pursuing or having recently (within four years) received a PhD from a European economics program are eligible. Preference will be given to those students expecting to go on the academic job market in 2020-21, with additional (though lesser) preference given to other applicants according to their time since PhD completion.

Applicants to the main conference that are eligible and wish to also be considered for the school should indicate such with their submission. In such cases, no separate school application is necessary. Further details about the school are included in its own Call for Papers available here: https://cepr.org/6739/cfp-school.

Building on the success of the policy panel last year, we will again have a policy panel. The topic and panelists will be confirmed as soon as possible and will be announced at the same time as the conference program.

Please forward this call to others, especially junior faculty, who might have papers suitable for the conference or school. Papers will be selected by a committee of the organisers. Anyone may sign up to receive future calls for this conference at https://www.econ.uzh.ch/en/people/faculty/crawford/cepr.html.

Paper Submissions, Conference Attendance, and Deadlines:

The deadline for submissions is Friday 17 January, 2020 at 18:00 (GMT). Authors will be notified about whether their paper has been accepted in March 2020.

Authors can upload their submission by visiting the registration link: https://portal.cepr.org/cepr-conference-applied-industrial-organisation-2020 and logging into your CEPR account. If you do not currently have a CEPR account, please create a new profile here https://portal.cepr.org/user/register and then click on the registration link above. If you have any difficulties registering for this meeting, please contact Mandy Chan, Senior Events Officer, at [email protected] or +44 20 7183 8804.

Individuals wishing to attend the conference should also express their interest via the online form above. We try to accommodate as many such requests as possible, but please understand if we cannot due to space or budgetary constraints. Preference for attendance is given to young researchers and CEPR IO Programme members.

Accommodation and Accommodation Funding:

We have reserved a block of rooms for the conference at a number of hotels near EIEF. Conference participants are free to take advantage of these rooms as long as they book before the end of the day on 31 March 2020. After this date, participants will be responsible for finding their own accommodation in Rome.

We are unfortunately unable to guarantee accommodation expenses will be covered for all participants on the programme. Accommodation expenses for participants not on the programme are not often funded, but will be considered. Please let us know with your submission whether you wish to be considered for accommodation funding. Funding priority will be given to junior faculty. As typical, travel expenses will only be covered in exceptional circumstances according to the usual CEPR Travel Guidelines.

The goal of the symposium is to provide a forum for high-quality work in public economics and to bring together economists in the field from across Europe as well as key researchers from outside the region. Paper proposals are invited in any area of public economics. Both theoretical and empirical work is welcome.

This year, we celebrate the launch of POLECON, our political economy network within the public economics group, led by Helios Herrera and Ronny Razin. To this effect, the symposium will feature a special morning session on June 8 dedicated to Political Economy & Public Finance. This session will be joint with participants from the two-day conference organized by the CEPR Populism Network at Stockholm University.

We encourage submissions in all areas of public finance. We are particularly interested this year in works at the intersection of public and political economy related to our understanding of recent inequality trends, and research analyzing the political economy of public policy design.

Our keynote speakers for the conference will be Emmanuel Saez (UC Berkeley), Alberto Alesina (Harvard University and CEPR) and Stefanie Stantcheva (Harvard University and CEPR).

The event provides an opportunity for researchers from different universities and countries to discuss their work in a relaxed atmosphere and to develop long-term collaborative relationships. It also provides an opportunity for young researchers to meet and discuss their work with senior economists.

The conference brings together around 40 economists for a period of two days. To foster the desired interaction we ask that participants stay for the entire duration of the symposium.

Funding
Travel and accommodation expenses will be covered for all participants according to the CEPR Travel Guidelines. If you could contribute to the costs of your attendance from a research grant at your disposal, however, this would free up funds for other participants. Please indicate in your application whether you will be able to cover your own travel costs, or whether you will require funding from CEPR.

How to apply
For CEPR members and for those with a CEPR profile, please submit your paper via the CEPR online system by visiting https://portal.cepr.org/PE-Symp-2020. If you do not have a personal profile, you can create one here and then cilck on the registration link above. If you have any difficulty in applying, please email Mariolina Ciccone in the CEPR events team, at [email protected] with the subject header "3580-PE Annual Symposium 2020".

If you wish to attend please do ensure that your application and paper reach CEPR by 18:00 (GMT) January 19, 2020. We cannot accept submissions received after this date. It may not be possible to accept all applications to attend this symposium if demand exceeds the space available. We aim to notify successful applicants by the end of February 2020.

We invite you to submit a paper or express interest in attending the 2020 CEPR/LSE Annual Symposium in Labour Economics, taking place on 11-12 June 2020 and hosted by the Centre for Economic Performance at the London School of Economics.

The keynote speakers are Enrico Moretti (University of California, Berkeley and CEPR) and Alessandra Voena (University of Chicago and CEPR).

The goal of the symposium is to bring together leading economists working in any area of labour economics. To foster the desired interaction, we ask that participants stay for the entire duration of the conference. The programme will start on Thursday morning (11th) and end on Friday afternoon (12th).

Funding

Travel and accommodation expenses will be covered according to CEPR guidelines. Meals taken during the conference will be covered for all participants.

How to apply

If you are a CEPR member or have a profile on the CEPR portal, please submit your paper by visiting the call for papers webpage. If you do not currently have a CEPR profile, please create a new profile here and then click on the registration link above. Please include the paper you wish to submit or indicate if you would like to participate without presenting a paper.
If you have any difficulties registering for this meeting, please contact Mariolina Ciccone, Events Officer at [email protected] or +44 20 7183 8809. The deadline for submissions is 6pm (GMT), Friday 14 February 2020. We aim to notify successful applicants by early March 2020.

Bilkent Economics, together with CEPR, is organizing a workshop on monetary economics, with emphasis on heterogeneity of policies and responses to these. Topics of interest include, but are not limited to:

1. Business cycle asymmetries
2. Asymmetry of monetary policy responses to financial and real developments
3. Asymmetry of financial market and real economy responses to monetary policy
4. The presence and nature of perceived central bank private information effects
5. The effects of second moments of income/wealth/wage/price distributions on responses of first moments to monetary policy

Jonathan H. Wright (Johns Hopkins University) has agreed to be the keynote speaker of the conference. The organizers welcome submissions of relevant papers. Travel and accommodation expenses for academic speakers on the programme will be covered. The conference is funded by the European Research Council (ERC) under the European Union?s Horizon 2020 research and innovation program (grant No. 726400 "Theory and Empirics of Asymmetry").
The submission deadline is 1 March 2020 (18:00 GMT). Authors of accepted papers will be notified by 15 March 2020.

For CEPR members and for those with a CEPR profile, please submit your paper via the CEPR online system by visiting https://portal.cepr.org/Bilkent-Conf-June-2020. If you do not have a personal profile, you can create one here and then click on the registration link above. If you have any difficulty in applying, please email Mariolina Ciccone in the CEPR events team, at [email protected] with the subject header "40050- Bilkent Conference June-2020".

We are writing to invite you to submit a paper proposal or to express your interest in attending the eighth CEPR Economic History Symposium, which will take place in Geneva, 12-13 June 2020.

The symposium aims to bring together leading researchers in the field. Papers are being sought on topics including, but not necessarily limited to:

• Macroeconomic and financial history
• Economic growth in the very long run
• Institutions and economic development
• The history of the international economy

If you would like to submit a paper proposal, please upload a draft with your reply form by visiting https://portal.cepr.org/eighth-cepr-economic-history-symposium and indicate whether or not you wish to present a paper or act as a discussant. You will also be asked to specify your funding requirements. If you do not currently have a CEPR profile, please create a new profile here https://portal.cepr.org/user/register and then click on the registration link above.

If you have any difficulties registering for this meeting, please contact Mandy Chan, Senior Events Officer at [email protected] or +44 20 7183 8804.

The deadline for replies is Monday 13 January 2020, 18:00 GMT. We cannot accept submissions received after this date.

Accommodation expenses will be covered for participants on the programme. Limited travel funding is available according to the CEPR travel guidelines. The organisers will notify prospective participants by mid-February 2020 of their decision.

Yours sincerely,

The Organisers/Scientific Committee

• Industrial policy and economic development in the 21st century
• The role of governments, universities, and incubators in fostering innovation
• The role of investment and export promotion
• The role of SME support programs
• Green industrial policies to combat climate change
• The role of state-owned banks and enterprises
• Sector-targeting, economic clusters, national champions, and special economic zones
• The political economy of industrial policy
• The relationship between industrial policy and competitiveness
• Lessons from South Korean and Chinese industrial policy
• Public-private partnerships and infrastructure investments

The symposium features keynote talks by Ann E. Harrison (University of California, Berkeley) and Ricardo Hausmann (Harvard University).

Authors of accepted papers will be invited (without obligation) to submit their papers for a special issue of the Economics of Transition and Institutional Change. Accommodation expenses will be covered for speakers and discussants. Travel costs will be reimbursed in accordance with CEPR?s expense guidelines: https://cepr.org/sites/default/files/CEPR%20TRVL%20GUIDELINES%202018.pdf.

To submit a paper (full papers accepted only), please send an email to Lucie Newman at [email protected]. In the subject header, please add "Submission: the Economics of Industrial Policy" and nothing else. In the case of multiple-authored papers, indicate who will present and whether or not the presenter would also be willing to act as a discussant. The submission deadline is Friday 7 February 2020 and authors will be notified about the acceptance of papers by Friday 20 March 2020.

The conference will be held at the EBRD, One Exchange Square, London. The conference programme starts on Wednesday morning (17 June) and ends on Thursday afternoon (18 June).

An invitation-only conference dinner will be held on Wednesday evening.

Details about the sponsors:

https://www.ebrd.com/home https://www.ebrd.com/home

https://cepr.org/ https://cepr.org/

http://services.bepress.com/eot/ http://services.bepress.com/eot/

ORGANISING AND PROGRAMME COMMITTEE

We invite submissions of papers and expressions of interest in attending the Fourth Empirical Investigations in Services Trade (EIST) conference. The meeting will take place on 22-23 June in Ankara, Turkey, hosted by TEDU-TRC. The theme of the conference is economic analysis of trade and investment in services. We welcome submissions related to any aspect of international trade and investment in services, including empirical analyses of sectoral policy and regulation, trade and investment agreements, labour market adjustment and trade or investment in services, the role of services in value chains and offshoring and analysis using firm-level data.

Travel and accommodation expenses will be covered for one author of accepted papers. The meeting is open to attendees who are not presenting papers, subject to space constraints. Participants who are interested in attending must fund their own travel expenses as only limited funding is available.

Conference Format: The programme will include 10-12 papers, with one hour per paper devoted to presentation, discussant remarks, and open discussion.

Submissions: The (draft) papers should be submitted by Sunday 12 April 2020. Selections will be made and authors notified by Friday 24 April . A final conference schedule will be posted on the conference website by mid May.

• Please submit only completed or nearly completed papers.
• Papers should be submitted electronically, in PDF format, to [email protected]

Conference Registration:

• Please notify if you would like to attend but are not submitting a paper, and, if so, would be willing to serve as a discussant.

The Scientific Committee

The recent global financial crisis has sparked renewed interest in the interwar financial and banking crises, particularly those associated with the Great Depression of the 1930s. This new wave of research has been supported by an unprecedented increase in the digitisation of monetary and financial statistics as well as data on local economic activity and businesses. The digitisation of newspapers, central bank and parliamentary reports in several countries improves access to archival sources, opening new perspectives on the political economy of these crises.

Remarkable progress has been made in our understanding of domestic or international financial contagion (through interbank networks), as well as the real effects of banking crises. However, this new wave of research has remained little comparative, and most of the work has focused on the contagion and consequences of the 1930-1931 banking troubles.

The first objective of this conference is to be truly comparative by bringing together researchers working on numerous different countries. The second is to extend the scope of the analysis by considering the entire period between the two world wars. We are very interested in articles that attempt to explain the financial vulnerabilities of the early 1930s by examining the accumulation of risk (and the first financial crises) that started in the aftermath of the First World War. Third, the conference aims to examine the entire financial system, investigating the relationships between stock markets, banks and non-bank financial institutions (including public financial entities). Fourth, we also welcome papers that study how financial and banking systems were fixed in countries exiting crises.

Paper submission

Please send full papers or extended abstracts (3 - 5 pages) by Monday 16 December 2019

Authors who are CEPR members can upload their submission on the following registration link https://portal.cepr.org/new-perspectives-interwar-financial-and-banking-crises. Please also indicate in your submission whether you would be interested in being a discussant as well. If you are not a CEPR member, please create a CEPR profile at https://portal.cepr.org/user/register and then click on the registration link above to make a submission. If you have any difficulties registering for this meeting, please contact Mandy Chan, Senior Events Officer at [email protected] or +44 20 7183 8804.

Selected authors will be notified of acceptance on Wednesday 15th January 2020.

Conference organisers can cover the accommodation and travel costs of speakers who need it (please indicate this, if applicable, when submitting your paper).

Location: Paris School of Economics, 48 Boulevard Jourdan, Paris, France

Organisers: Eric Monnet (PSE, EHESS, CEPR) and Angelo Riva (EBS, PSE)

Scientific Committee: Olivier Accominotti (LSE and CEPR), Stéphanie Collet (SAFE, Frankfurt), Natacha Postel-Vinay (LSE and CEPR), Gary Richardson (UC Irvine), Tobias Straumann (University of Zurich)