Introduction

3rd LeeX International Conference on Theoretical and Experimental Macroeconomics

in Universitat Pompeu Fabra.

June 18-19, 2012

cabecera_events

Introduction    Location    Program   Papers    Accommodation    BCN Information    

How to Subscribe  Summer Schools    Contact Us


Location

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Universitat Pompeu Fabra
Ramon Trias Fargas, 25-27
08005 Barcelona

 



Introduction

For over 30 years, macroeconomic models have had explicit microfoundations with regard to the behavior of firms, consumers and government agencies. This modelling approach has lead to closer ties between micro/game theorists and macro theorists. On the applied side, the assumptions and predictions of macroeconomic models have historically been tested using non-experimental field data as collected by government agencies. Given an explicit micro-founded macroeconomic model, an alternative empirical approach that is attracting increased attention is to collect the data relevant to evaluating these models using controlled laboratory settings with paid human subjects. The idea of "macroeconomic experiments" might be met with skepticism. Nevertheless, micro-founded macro models can be readily tested in the laboratory with human subjects incentivized to play according to certain roles. The experimental findings can be informative with respect to questions of equilibrium selection or the efficacy of various government policies. There are many additional advantages to conducting experiments: for instance, the data most relevant to testing a model's predictions or assumptions can be collected while noisy, confounding factors can be minimized.

In an effort to demonstrate that macroeconomics can also be an experimental discipline, and to further promote, together with CREI, a collaboration between macroeconomic theorists and experimentalists, we are organizing the third ever international conference devoted to macroeconomic experiments and theory.

The two day conference will be held: June 18-19 at Universitat Pompeau Fabra in Barcelona, Spain

Keynote speakers are:

  • Shyam Sunder, Yale University

  • Ramon Marimon, European University Institute, Universitat Pompeu Fabra, and  Barcelona GSE 

The conference organizers are:


Call for papers: The organizers invite researchers pursuing theoretical and/or experimental research on macroeconomic topics to submit an abstract, or preferably a completed paper by Friday, March 16, 2012. The organizers will choose up to 13 papers from among the submitted papers and put together a two-day program of papers that will be announced April 1, 2012. Those selected to present will be notified by email.

A set of hotel rooms has been reserved. You will need to make the reservation by yourself directly to the hotel (see accomodation page). Please do it within this week since there are important events in Barcelona at the same time, so hotel space is scarce. Due our limited funding we will pay all meels excluding breakfast. 

Conference Registration: There is no registration fee for this conference. Participation is not restricted to those presenting papers. If you are planning to attend, but do not wish to submit a paper, please send an email with your full name and affiliation to lictem12@upf.edu so that we may include you on the distribution list for the conference.

Prior to this conference there will be the Fifth Barcelona LeeX Experimental Economics Summer School in Macroeconomics in Universitat Pompeu Fabra, June 11-15, 2012 BLEESS-2012.

 

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