International Macroeconomics

Research in the International Macroeconomics (IM) programme covers:

  • European Economic and Monetary Integration
  • International Policy Coordination and the Role of International Institutions
  • Exchange Rates and Regimes
  • Growth: macroeconomics of international and interregional (relative) growth performance
  • Employment and Unemployment
  • Inflation
  • Financial Market Structure
  • Inequality: macroeconomics of income inequality; political economy of redistribution
  • Economic Analysis of Institutions: political economy, electoral cycles, design of institutions etc.
  • Business Cycles

The International Macroeconomics Programme is directed by Antonio Ciccone (Universitat Pompeu Fabra), Giancarlo Corsetti (Cambridge University) and Wouter den Haan (LSE).

The European Summer Symposium in Macroeconomics (ESSIM) is the Programme's annual meeting. This annual event has stimulated much of the pioneering research conducted in Europe in international economics over the last few years, and brings together some of Europe's top economists (and some noted Americans) for an intensive and highly interactive 4-day conference.First held in 1991, ESSIM has since been held annually at the end of spring. It is usually held in an isolated resort and brings together about 60 researchers, providing a unique opportunity to discuss research in a relaxed atmosphere. ESSIM lasts four days, and an average of 26 papers are presented.  There is no central theme for ESSIM that is chosen each year. Instead the idea is to have researchers present their current research on all sorts of topics covered in the IM programme.The sessions are drawn from the papers received from the call that is sent out. The sessions are organized by themes, with typically two papers per session. Since the 1999 meeting we have had formal discussants for all the papers in addition to questions and comments from the floor. A consequence of the new format is that almost every invited economist has a chance to participate actively, either presenting a paper or discussing one. A call for papers is circulated widely (during November of the previous year), with papers/authors selected by the Programme Directors. Every year high calibre, possibly non-CEPR macroeconomists (typically from the U.S.) are also involved. A number of promising "youngsters" who might be considered for membership in the future are also invited to join the conference. Given the limited number of slots and the necessary rationing, no researcher is allowed to present two years in a row.

Recent Symposia have included:

The Macroeconomics of Global Interdependence (MGI) is organized under the auspices of the IM Programme Area.

More information on the International Macroeconomics Programme: