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Call for Papers

The Eighth Conference organized by the International Research Forum on Monetary Policy (IRFMP) will be held at the Federal Reserve Board in Washington, D.C. on March 21-22, 2014. The purpose of the IRFMP is to promote the discussion of innovative research on theoretical and empirical macroeconomic issues with relevance for monetary policy.

In the wake of the global financial crisis and slow ensuing recovery, policymakers in advanced economies face many challenges. These include how best to withdraw monetary accommodation as economic expansions mature, how to put fiscal positions on a sustainable footing, how to overcome the lasting impairment of private sector balance sheets, and how to speed up labor market recovery. Paper submissions that adopt novel methodological approaches for addressing these and related macroeconomic questions are highly encouraged. Some specific examples of relevant topics might include:

  • Non-conventional monetary policies, financial stability, and exit strategies
  • Optimal design of fiscal stabilization and consolidation strategies
  • Sovereign debt and default, and the nexus between banks and sovereigns
  • Private sector deleveraging, regulatory policies, and their macroeconomic effects
  • Deep recessions and labor markets
  • International aspects of the recovery from the financial crisis (including monetary and fiscal spillovers)
  • Policy design under model uncertainty, information frictions, or heterogeneous beliefs

Conference papers will be placed on a website; there will be no conference volume. Although this call is being circulated fairly widely, further circulation is encouraged, especially to younger economists.

Complete manuscripts (and not just abstracts) should be submitted electronically in PDF format to by 15 November 2013. Authors of accepted papers will be notified by 15 December 2013.

Travel expenses of presenting authors will be reimbursed (though participants from central banks and other official institutions will be expected to cover their own expenses).

Last update: July 18, 2013