Conference program 2019
10th Workshop on Theoretical and Experimental Macroeconomics
The Bank of Canada, Ottawa, Canada, June 25-26, 2019
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10th Workshop on Theoretical and Experimental Macroeconomics
The Bank of Canada, Ottawa, Canada, June 25-26, 2019
Contact usCall for papers
The Tenth International Workshop on Theoretical and Experimental Macroeconomics
The Bank of Canada, Ottawa, Canada, June 25-26, 2019
Macroeconomic theories have traditionally been tested using non‐experimental data from the field. However, modern, micro‐based macroeconomic models can also be tested in the laboratory, which affords better causal inference, and researchers have begun to pursue such experimental tests. The purpose of the International Workshop on Theoretical and Experimental Macroeconomics is to provide a platform for exchange of ideas and promote greater interaction between macroeconomic researchers, behavioral/experimental economists and policy makers, with the aim of advancing macroeconomics in a direction that allows it to account for more of the real behavior of economic agents and economies with the help of relevant experimental evidence.
The 10th workshop is jointly organized by the Bank of Canada, Simon Fraser University and the BES Lab (Behavioral and Experimental Sciences Lab, formerly LEEX, at Universitat Pompeu Fabra). We invite researchers using behavioral, experimental and theoretical approaches to addressing macroeconomic questions to submit a paper to this two-day conference. Varadarajan V. Chari (University of Minnesota) and Marco Cipriani (Federal Reserve Bank of New York) will deliver the keynote lectures. There will also be a panel discussion on "the future role of laboratory experiments in macroeconomics."
The deadline for submissions is March 15, 2019. Submissions should include either a full paper or an extended abstract including the main results. Authors chosen to present papers will be notified by April 1st, 2019. The deadline for workshop registration is April 15, 2019.
To submit a paper, please follow the 2-step application procedure described in "How to Apply" section.
Participation without submission is possible. If you wish to participate without presenting a paper, please contact the organizers using the contact form. In addition to the workshop, the organizers invite young researchers and graduate students to participate in the 12th BESLab Experimental Economics Summer School in Macroeconomics to be held at University of Ottawa from June 24-30, 2019. Summer school participants are encouraged and expected to participate in the workshop.
Information about previous workshops is available here. Please forward this announcement to all interested parties.
Please forward this announcement to all interested parties.
Workshop Organizers
- Robert Amano (Bank of Canada)
- Gabriele Camera (Chapman University and University of Bologna)
- John Duffy (University of California at Irvine)
- Janet Jiang (Bank of Canada)
- Rosemarie Nagel (ICREA, Universitat Pompeu Fabra, and Barcelona GSE )
- Luba Petersen (Simon Fraser University);
- Shyam Sunder (Yale University)
Program
The Tenth International Workshop on Theoretical and Experimental Macroeconomics
The Bank of Canada, Ottawa, Canada, June 25-26, 2019
Tuesday, June 25, 2019
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08:20–08:50 |
Registration and Continental Breakfast:
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| 08:50–09:00 | Opening Remarks Governor Stephen S. Poloz (Bank of Canada) |
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09:00–10:30 |
Session I: Monetary Policy
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10:30–11:00 |
Refreshment Break |
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11:00–12:30 |
Session II: Banking Chair: Jonathan Chiu (Bank of Canada)
Liquidity Requirements and the Interbank Loan Market: An Experimental Investigation: Douglas Davis (Virginia Commonwealth University), Oleg Korenok (Virginia Commonwealth University), John Lightle (Virginia Commonwealth University), and Edward S. Prescott (Federal Reserve Bank of Cleveland) |
|
12:30–13:30 |
Lunch |
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13:30–14:30 |
Keynote Presentation Chair: John Duffy (University of California, Irvine) Leverage, Asset Prices, and Default in the Laboratory: Marco Cipriani (Federal Reserve Bank of New York), Ana Fostel (University of Virginia), and Daniel Houser (George Mason University) |
| 14:30–15:00 | Refreshment Break |
| 15:00–16:30 |
Session III: Central Bank Communication Chair: Robert Amano (Bank of Canada) Vague Talk in ECB Press Conference: News or Noise?: Nan Hu (Goethe University Frankfurt) and Zexi Sun (Goethe University Frankfurt) Enhancing Central Bank Communications Using Simple and Relatable Information: David Bholat (Bank of England), Nida Broughton (The Behavioral Insights Team)), Alice Parker (Bank of England), Janna Ter Meer (The Behavioral Insights Team) and Eryk Walczak (Bank of England) |
| 16:30–17:00 | Refreshment Break |
| 17:00–18:00 |
Panel Discussion: The Future of Experimental Macroeconomics Moderator: Luba Petersen (Simon Fraser University) Panelists: Jasmina Arifovic (Simon Fraser University), John Duffy (University of California, Irvine), Cars Hommes (University of Amsterdam and Tinbergen Institute), Damjan Pfajfar (Board of Governors of the Federal Reserve System) |
| 18:00 |
Reception and Dinner (by invitation only) Host: Paul Beaudry (Deputy Governor, Bank of Canada) Bank of Canada, Noël Terrace, entrance via the East Tower Lobby (corner of Sparks and Bank Streets). |
Wednesday, June 26, 2019
|
08:30–09:00 |
Continental Breakfast Note that all sessions will take place at the Bank of Canada, in the Conference Centre. To enter the Bank, please use the entrance to the Bank of Canada Museum, located at 30 Bank Street (corner of Bank and Wellington Streets) and bring a piece of government-approved photo identification. |
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09:00–10:30 |
Session IV: Labor Decisions and Bounded Rationality Chair: Olena Kostyshyna (Bank of Canada) Wealth Effects and Labor Supply: An Experimental Study: Deniz Nebioglu (MEF University, Bilgi Economics Lab of Istanbul) and Ayça Ebru Giritligil (Istanbul Bilgi University, Bilgi Economics Lab of Istanbul) Bounded rationality in Keynesian Beauty Contest: A lesson for Central Bankers: John Duffy (University of California, Irvine), Jess Benhabib (New York University), and Rosemarie Nagel (ICREA, Universitat Pompeu Fabra, and Barcelona GSE) |
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09:00–10:30 |
Refreshment Break |
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11:00–12:30 |
Session V: Behavioral Theory and Evidence Chair: Rosemarie Nagel (ICREA, Universitat Pompeu Fabra, and Barcelona GSE) Economic Agents as Imperfect Problem Solvers: Cosmin Ilut (Duke University and NBER) and Rosen Valchev (Boston College) Do You Know That I Know That You Know…? Higher Order Beliefs in Survey Data: Olivier Coibion (University of Texas Austin and NBER), Yuriy Gorodnichenko (University of California Berkeley and NBER), Saten Kumar (Auckland University of Technology), and Jane Ryngaert (Wake Forest University) |
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12:30–13:30 |
Lunch |
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13:30–14:30 |
Keynote Presentation Chair: Oleksiy Kryvtsov (Bank of Canada) Optimal Taxation in a Global Economy: Varadarajan Chari (University of Minnesota and Federal Reserve Bank of Minneapolis), Juan Pablo Nicolini (Federal Reserve Bank of Minneapolis and Universidad Di Tella) and Pedro Teles (Banco de Portugal, Catolica Lisbon SBE, and CEPR) |
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14:30–15:00 |
Refreshment Break |
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15:00–16:30 |
Session VI: Expectations in Asset Markets Chair: Lerby Ergun (Bank of Canada) Long-Horizon Expectations: a Lab Experiment: George Evans (University of Oregon and University of St Andrews), Cars Hommes ((University of Amsterdam and Tinbergen Institute), Bruce McGough (University of Oregon), and Isabelle Salle (Bank of Canada) Expectations and Stock Market Participation: Theory and Evidence: Michael Shin (University of California, Irvine) |
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16:30–17:00 |
Refreshment Break |
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17:00–17:45 |
Session VII: Price Dynamics Chair: Olga Rud (RMIT University) Market concentration and the dynamics of prices and mark-ups: Curtis Kephart (New York University, Abu Dhabi) and David Munro (Middlebury College) |
|
17:45–17:55 |
Closing Remarks Lawrence Schembri (Deputy Governor, Bank of Canada) |
Organizers:
- Robert Amano (Bank of Canada)
- Gabriele Camera (Chapman University and University of Bologna)
- John Duffy (University of California, Irvine)
- Janet Jiang (Bank of Canada)
- Rosemarie Nagel (ICREA, Universitat Pompeu Fabra, and Barcelona GSE)
- Luba Petersen (Simon Fraser University)
- Shyam Sunder (Yale University)
Accomodation
A set of hotel rooms will be reserved. More information about the hotel and how to reserve your room will be sent to accepted participants.
How to apply
If you don't want to send your Paper you can directly go to the application form.
If you want to send your Paper or Abstract, please do the following steps:- Send to [email protected] one attached file: File should be your Paper in a email with the following subject: EM2019_lastname_firstname.
- Fill the application form (Before, remember to send your Paper to [email protected])
NOTE: Applications for the Workshop are closed.
Tenth Workshop on Theoretical and Experimental Macroeconomics
Ottawa, Canada, June 25-26, 2019
Address: 234 Wellington St, Ottawa, ON K1A 0G9, Canadà
Telephone number: +01 613 782 7437