On-Site
Workshops
Claudio Morana
Centre for Macroeconomics, London School of Economics, December 1, 2023
Jointly organized by the Centre for Macroeconomics (CFM, LSE), the Center for European Studies (CefES, UNIMIB), and the Rimini Center for Economic Analysis-Europe (RCEA-Europe, UNIMIB)
The Great Moderation, a benign macroeconomic regime lasting over 40 years in industrialized countries, might be over. The Global Financial Crisis (GFC) and ensuing Great Recession initially, the COVID-19 pandemic recession, and the geopolitical crisis triggered by Russiaβs full-scale invasion of Ukraine more recently, have probably started a reversal in the favorable supply-side developments that had a key role in the Great Moderation. Hence, what are the characteristics of the emerging new macroeconomic regime? Is the new regime ahead inflationary or even stagflationary? Will the new regime show a higher natural interest rate? Is the secular stagnation over? Will the current productivity slowdown persist in the new macroeconomic regime? What is the future of globalization? What are the implications of the green transition? What are the policy challenges ahead?
Considering the above questions, the workshop gathers academics and policymakers to discuss recent scientific results concerning the end of the Great Moderation, the emergence of a new macroeconomic regime, and the associated challenges for economic policy.
The topics of interest, without being exhaustive, concern: inflation and stagflation. globalization and de-globalization. the slowdown in productivity growth, demographic and labor market trends. macroeconomic regimes and the financial-business cycle nexus, macroprudential and resilience policies, fiscal and monetary policy in a time of crisis, fiscal policy and financial stability, disinflationary supply-side policies, supply-side growth policies
Charles Goodhart, CBE, FBA, Emeritus Professor of Banking and Finance with the Financial Markets Group at the London School of Economics will present a keynote talk on "Beyond the Great Moderation: Evidence and Policy Challenges".
Submissions: Deadline: Friday, 20 October 2023
Please submit your paper by the 20th of October, 2023 by filling out the Google form here.
Authors of accepted papers will be notified of acceptance by the 27th of October, 2023.
Participation in the workshop is free. Limited refunding of traveling expenses is available for presenting authors.
If you like to attend the workshop as an auditor, please fill out the form here.
