Call For Papers
Conference on "The Role of Financial Intermediaries in Monetary Policy Transmission"

Amsterdam, June 19 and 20, 2013

Conference sponsored by:
Dutch Central Bank
European Banking Center at Tilburg University
Journal of Economic Dynamics and Control

OVERVIEW: The aim of the conference is to foster the discussion about the interaction between the financial sector and the real economy and their implications for the conduct of monetary policy and financial regulation. The recent financial crisis has stimulated both theoretical and empirical research on the propagation mechanisms underlying the business cycles, in particular the role of financial frictions. Many issues concerning the interactions between banking and monetary policy forced policy designers to redefine economic policies, and motivated macroeconomists to understand the implications of financial intermediation constraints on asset price fluctuations, the behavior of non-financial firms, households, governments and in turn on real macroeconomic performance. This conference will showcase innovative research on the role of financial intermediaries and financial frictions in the transmission of monetary policy and how to design both the new banking regulatory and supervisory structures and monetary policy in order to stabilize the economy.

Anil Kashyap of the University of Chicago Booth School of Business has agreed to deliver a keynote address at the conference.

The Journal of Economic Dynamics and Control will publish a special conference issue and we strongly urge all presenters to submit their papers to this issue, subject to the regular JEDC processes. When submitting, please indicate whether you intend to submit your paper to the special issue or not.

TOPICS: We invite both empirical and theoretical papers. Topics would include, but are not limited to:
- DSGE models with banking sector and/or financial frictions and/or risk premia (also estimation of these models)
- The behavior of banks during the recent crisis, and more generally over the business cycle
- Credit channel of the monetary policy
- Macroprudential regulation, financial regulation and financial stability in the light of recent financial crisis
- Effects of quantitative easing on the banking sector and the real economy
- Transmission of monetary and fiscal policy (also potential asymmetries over the business cycle due to financial frictions)
- Optimal monetary policy in a DSGE model with banking sector and/or financial frictions and/or risk premia
- Firms dynamics over the business cycles
- Financial Markets and unemployment fluctuations in DSGE models
- Bank-firm interactions over the business cycle
- The nexus of zero lower bound and financial frictions and its effects on the transmission of (monetary policy) shocks

The sponsors will cover economy class travel, hotel accommodations and miscellaneous expenses for presenting authors and all other invited participants.

PROGRAM COMMITTEE:
- Tobias Adrian (FRB New York)
- Thorsten Beck (EBC, Tilburg University)
- Andrea Colciago (De Nederlandsche Bank)
- Damjan Pfajfar (EBC, Tilburg University)
- Hyun Song Shin (Princeton University)
- Oreste Tristani (European Central Bank)
- Emmanuel de Veirman (De Nederlandsche Bank)
- Wolf Wagner (EBC, Tilburg University)
- Egon Zakrajsek (Federal Reserve Board)

PAPER SUBMISSION PROCEDURE: Papers should be submitted by January 15, 2013 via e-mail to ebc@uvt.nl. Manuscripts should not be under review at any other journal. Decisions will be made by March 20 and successful authors notified shortly thereafter.

CONFERENCE WEBSITE: https://www.tilburguniversity.edu/research/institutes-and-research-groups/ebc/events/2013/financial-intermediaries