6th HenU/INFER Workshop on Applied Macroeconomics April 24th - 26th 2020 October 10th - 12th 2020 Due to the ongoing Covid-19 crisis and its related travel restrictions, we decided to postpone the 6th HenU/INFER Workshop. We decided against an online event and hope that we can set a new date for our conference not too far in the future. Below please find our plans for the 6th conference. . The Center for Financial Development and Stability (CFDS) at Henan University and the International Network for Economic Research (INFER) will organize their 6th annual Workshop on Applied Macroeconomics hosted by Henan University. Since the economic reforms in 1978, China has ascended to the second largest economy on the globe (the largest when looking at purchasing power adjusted values). The financial markets have been growing correspondingly, and by the end of 2017, the Chinese bond market had become the third largest fixed income market in the world. That makes the People’s Bank of China (PBoC) who is in charge of both monetary policy and to a large extent for financial market regulation one of the most important central banks of the world. This year, we specifically invite papers dealing with the Chinese monetary and financial system. However, as always, papers from all areas of applied macroeconomics are highly welcomed. Read More
5th HenU/INFER Workshop on Applied Macroeconomics March 29th - 31st 2019 Visit the conference website Program From March 29th to 31st 2019, the Center for Financial Development and Stability (CFDS) at Henan University and the International Network for Economic Research (INFER) organized their 5th annual Workshop on Applied Macroeconomics hosted by Henan University. The Global Financial Crisis has brought countries' monetary financial and fiscal vulnerabilities to the forefront of the academic debate. Many countries increased government spending, driving both domestic and foreign debt up and leaving them highly vulnerable. Unable to stop the crisis with fiscal measures, most countries eventually resorted to highly expansionary monetary policy to provide more stimulus. Both the Fed and the ECB lowered their rates to the zero lower bound and finally engaged in unconventional monetary policy. This drastically increased their government debt holdings, strengthening the linkages between monetary and fiscal issues. At the same time, global capital flows were redirected to countries which maintained positive interest rates, many of them emerging markets who now – with the Fed slowly normalizing its policy – fear a sudden stop. That is, more than a decade after the outbreak of the crisis its repercussions are still felt. Therefore, this year’s workshop will have a focus on the fiscal and monetary fragility that we are facing, especially its international aspects. As always, we invite papers from all fields in applied macroeconomics, but papers matching those issues are particularly welcome. Read More
4th HenU/INFER Workshop on Applied Macroeconomics June 23rd and 24th 2018 http://appliedmacro.org/ Program On June 23rd and 24th 2018 the Center for Financial Development and Stability (CFDS) at Henan University and the International Network for Economic Research (INFER), organized their 4th annual Workshop on Applied Macroeconomics hosted by Henan University. With TTIP failing to gain popular support in Europe, and CETA only barely making its way through the European institutions, Trumps protectionist agenda threatening the very existence of NAFTA, and the uncertain conditions of the Brexit looming over Europe, the role of international macroeconomic links has a role in the spotlight of attention.On the one hand, the developed economies in the Western hemisphere are looking at the more dynamic emerging markets (in particular China), hoping for impulses to their own economy. At the same time, a wave of protectionist sentiment seems to be sweeping over the globe.Therefore, this year’s workshop will have a focus on international macroeconomics, especially topics relating to trade, exchange rate and capital market regulation. As always, we invite papers from all fields in applied macroeconomics, but papers matching those issues are particularly welcome. Read More
3rd HenU / INFER Workshop on Applied Macroeconomics (2017) March 17th and 18th 2017 http://appliedmacro.org/ Program During the last years dynamic macroeconomics experienced a revolution. With central banks all over the world hitting the zero lower bound and resorting to quantitative easing, the workhorse models used in quantitative macro that were built around central banks who set the interest reate, became almost impossible to apply. Almost a decade after the beginning of the Great Recession, it remains a key challenge to the profession to understand macroeconomic dynamics in a time, where the nominal interest rate is close to zero, monetary policy is based on quantities, and growth is persistently depressed. On March 17th and 18th 2017 the School of Economics of Henan University (HenU) and the International Network for Economic Research (INFER) devoted their third joint workshop on applied macroeconomics to those and related issues. More information about the workshop can be found on our website http://appliedmacro.org/. Read More
2nd HenU / INFER Workshop on Applied Macroeconomics, 18-19 March 2016 2nd HenU / INFER Workshop on Applied Macroeconomics 18-19 March 2016, Henan (China) jointly organized by School of Economics of Henan University (HenU) International Network for Economic Research (INFER) Ever since the outbreak of the great financial crisis, economists have to face the question why our profession failed to foresee the crisis. Thus, our understanding of business cycles and our forecasting techniques have been subject to intense scrutiny, not only from outside the profession but mainly from inside. The consensus that emerged during the so called Great Moderation, that is now considered a brewing storm rather than a phase of prosperity, has crumbled. At the same time, with a potential structural break only a few years back, new challenges arose for the analysis and prediction of business cycle fluctuation. Therefore, it is more important than ever to work on the empirical understanding of the business cycle and to improve our toolbox for forecasting, in particular forecasting in ime of crisis and forecasting crisis. On March 18th and 19th the School of Economics (HenU) and the International Network for Economic Research (INFER) devoted their second joint workshop on applied macroeconomics to these and related issues. Read More
1st HenU / INFER Workshop on Applied Macroeconomics 1st HenU /INFER Workshop on Applied Macroeconomics 18-19 March 2015, Henan (China) jointly organized by School of Economics of Henan University (HenU) International Network for Economic Research (INFER) On March 18th and 19th 2015 the School of Economics at Henan University (HenU) and the International Network for Economic Research (INFER) organized their first joint workshop on applied macroeconomics at the Kaifeng Zhongzhou International Hotel. The organizers welcomed more than 30 participants from China and the US, Germany, Spain, Serbia, Belgium, Switzerland, Japan, UK and Finland. Read More