Event Details

The Economics Department are delighted to host the next Lancaster Workshop on Empirical and Theoretical Macroeconomics (ETM)

Workshop Programme Friday 14th March 2025

09:30-10.00: Registration

10.00-10.05 Welcome

10.05 - 11.15: Session 1 – Investment Frictions

Chair: Roy Zilberman

10.05-10.40: Isaac Baley (Universitat Pompeu Fabra), Corporate Taxation, Investment Frictions and Macroeconomic Dynamics

10.40-11.15: John Tsoukalas (University of Glasgow), Lumpy Adjustment: New Evidence and Aggregate Implications

11:15 - 11:30 Coffee Break

11.30 - 12.40: Session 2 – Inflation and Uncertainty

Chair: Themis Pavlidis

11.30-12.05: Céline Poilly (Aix-Marseille University), Uncertainty Shocks and Love for Variety

12.05-12.40: Mirela Miescu (Lancaster University), Inflation Uncertainty and Unemployment in the Long Run

12.40 - 14.00: Lunch & Poster Session

Giuseppe Pagano Giorgianni (Sapienza University Rome), Belief Distortions and Disagreement about Inflation

Aristotelis Margaris (University of Padova), The Dismal Cross: Public Debt and Productivity in Italy during the Great Recession

Francisca Carvalho (Lancaster University), From Climate to Economy: Understanding Climate Risks in the U.S. Market

Katerina Deligianni (Lancaster University), A Green Patent-Based Instrument for Technology News Shocks

Luca Lochi (Lancaster University), Finding Greenium: A Comprehensive Analysis of Euro Area Green and Brown Stocks

Jinghui Yu (Lancaster University), Global Technology Shocks and Labor Dynamics: Aggregate and Sectoral Evidence from OECD Countries

14.00 - 15.10: Session 3 – Monetary Policy Shocks

Chair: Will Tayler

14.00-14.35: Efrem Castelnuovo (University of Padova), Monetary Policy Shocks and Narrative Restrictions: Rules Matter

14.35-15.10: Klodiana Istrefi (Banque de France), The Systematic Origins of Monetary Policy Shocks

15.10 - 15.30: Coffee Break

15.30 - 17.15: Session 4 – Macroeconomics

Chair: Giorgio Motta

15.30-16.05: Francesco Furlanetto (Norges Bank), Macroeconomic Effects of the Gender Revolution

16.05-16.40: Federica Romei (University of Oxford), Monopsony, Income Risk and R* Multiplicity

16.40-17.15: Francesco Ravazzolo (BI Norwegian Business School & Free University of Bozen-Bolzano), Estimating Heterogeneous DSGE Models

19.00: Dinner at Toll House Inn, Penny Street, Lancaster LA1 1XT

Workshop Programme Saturday 15th March 2025

9.30-10.30: Keynote Speech – Smooth Diagnostic Expectations

Francesco Bianchi (Johns Hopkins University)

Chair: Stefano Soccorsi

10.30-10.45: Coffee Break

10.45 - 12.30: Session 5 – International and Monetary Economics

Chair: Themis Pavlidis

10.45-11.20: Francesca Monti (Universite’ Catholique de Louvain), In the Fed we Trust? Measuring Trust in Central Banking and its Effects on the Macroeconomy

11.20-11.55: Aurelien Eyquem (HEC Lausanne), Trade Wars, Capital Controls and Financial Market Structures

11.55-12.30: Stefano Soccorsi (Lancaster University), Macroeconomic Cycles and Bond Return Predictability

12.30-12.35: Closing Remarks

We are grateful to the Department of Economics (LUMS), the Centre for Financial Econometrics, Asset Markets and Macroeconomic Policy (LUMS), the Society for Nonlinear Dynamics and Econometrics, and Timberlake Consultants for financial support.

Organisers:

Giorgio Motta (g.motta@lancaster.ac.uk)

Themis Pavlidis (e.pavlidis@lancaster.ac.uk)

Stefano Soccorsi (s.soccorsi@lancaster.ac.uk)

Will Tayler (w.tayler@lancaster.ac.uk)

Roy Zilberman (r.zilberman@lancaster.ac.uk