Call for Papers
ECB Conference on Heterogeneity in Currency Areas and Macroeconomic Policies

28-29 November 2013, Frankfurt am Main

Directorates General Economics and Research, European Central Bank, Centre for Economic Policy Research

Deadline for Submission of Papers: 30 June 2013

The Directorate General Economics and Directorate General Research of the European Central Bank, in collaboration with the Centre for Economic Policy Research (CEPR), are organising a conference entitled "Heterogeneity in currency areas and macroeconomic policies", which will be held on 28 and 29 November 2013 in Frankfurt am Main.

The recent sovereign and financial crisis in the euro area has emphasised the importance of understanding and dealing with cross-border heterogeneity in large currency areas, whether the borders of states and provinces within a country (as in a federal country like the United States) or across countries (as in an economic and monetary union like the euro area).

TOPICS: The goal of the conference is to invite policy-relevant theoretical and empirical academic contributions and bring together academic economists and central bank researchers to discuss these issues. Possible topics include, but are not limited to:
- cross-border financial linkages and monetary policy;
- trade integration, financial integration and the propagation of and adjustment to shocks;
- sovereign risk, financial frictions and monetary policy;
- standard and non-standard monetary policies in multi-sector/multi-country economies;
- labour market frictions and macroeconomic adjustment;
- migration and labour mobility;
- coordination and competition among multiple fiscal authorities in a currency area;
- monetary and fiscal policy interactions in a monetary union;
- macro-prudential policies in a heterogeneous currency area;
- the positive and normative economics of fiscal federal institutions;
- monetary policy and lending-of-last-resort functions in a monetary union;
- heterogeneity and monetary policy: steady state considerations versus transitional dynamics.

Both empirical and theoretical contributions are welcome.

PARTICIPANTS: Among those who have already confirmed their participation are Emmanuel Farhi (Harvard University), Jordi Gali (Centre de Recerca en Economia Internacional (CREI)), Philippe Martin (Sciences Po), Atif Mian (Princeton University) and Fabrizio Perri (Bocconi University and University of Minnesota).

PAPER SUBMISSION PROCEDURE: To submit a paper, please e-mail MPR-MSY-conference-2013@ecb.int, attaching the paper in pdf format, by 30 June 2013. Authors whose papers have been accepted will be notified by 31 July 2013.

FUNDING: Travel and accommodation expenses of those presenting papers and discussants will be reimbursed. It should be noted, however, that participants from the European System of Central Banks or other European Union institutions are expected to cover their own expenses.

ORGANISERS: Giancarlo Corsetti (University of Cambridge & CEPR), Luca Dedola, Giovanni Lombardo and Roberto Motto (all ECB).