This Event is no longer receiving submissions.

Please use Firefox, Chrome, Edge or any other web browser that is not Internet Explorer when applying online. Detailed instructions on how to submit a paper can be found at the bottom of this page.

Recent research has demonstrated the empirical and theoretical relevance of heterogeneity in agents for the understanding of business cycles. One stream of literature has focused on the structural differences across households and across firms whereas another strand stresses the implications of agents having incomplete and asymmetric information.

The BdF-CEPR conference aims at bringing together leading researchers from academia, central banks and other policy institutions to present research findings related to the effects of these two types of heterogeneity on the conduct of monetary policy. What are the key differences between the two channels and are there potential complementarities?

Confirmed invited keynote speakers are:

  • George-Marios Angeletos (Massachusetts Institute of Technology)
  • Gianluca Violante (Princeton University and CEPR)

All presentations will be in plenary sessions and each paper will be assigned a discussant.
Some of the topics of interest include, but are not limited to:

  • Heterogeneous agent New Keynesian models
  • Information dispersion and monetary policy
  • Central bank communication
  • Household / firm expectations formation
  • Monetary models consistent with microdata

We invite authors to submit completed papers. Extended abstracts will be also considered but preference will be given to completed papers.

Authors who are CEPR members can upload their submission on the following registration link https://portal.cepr.org/heterogeneous-agents-or-heterogeneous-information-which-route-monetary-policy. 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.

The deadline for paper submission is Tuesday 10 September 2019. Authors of accepted papers will be informed by 1st October 2019. Travel and local accommodation for speakers and discussants from academic institutions will be funded by the Banque de France according to its internal guidelines.