6th International MACroeconomics Workshop

Risks, Uncertainty and Macroeconomics Performances
Risks, Uncertainty and Macroeconomics Performances

Workshop presentation

This workshop is part of a cycle (6th edition since 2014) devoted to recent theoretical and econometric developments in International MACroeconomics (IMAC). The philosophy developed since the first IMAC workshop is to share national experiences and to confront academics with economists working in different kinds of economic or financial organizations.

The theme this year concerns macroeconomics risks, uncertainty, and their consequences. The current global macroeconomic situation in developed as well as emerging countries is actually unprecedented, with the conjunction of a pandemic crisis, very low interest rates, collapsing foreign trade flows and domestic activity, a high level of uncertainty with the threat of trade and currency wars.

On December 4 (AM), Prof. Yushi Yoshida (Shiga University, Japan) will present a paper on Japan's current account movements. This paper is based on an empirical analysis of the current account’s components, i.e., trade balance and primary income balance. The econometric methodology developed by Yushi and his coauthor is based on structural VAR models with sign restrictions.
Prof. Roman Horvath (Charles University, Czech republic) will then offer an in-depth review of the literature on Central Bank transparency: its measurement, its recent trends and its effects. He will explain why central banks have become more transparent over the last three decades. Transparency is a crucial issue in the context of increasingly accommodative monetary policies.
In the afternoon of December 4, four papers will be presented by Cristina Badarau (LAREFI, Bordeaux) on prudential rules, Franck Martin (CREM, Rennes 1) on the banking sector, Jean-Sébastien Pentecôte (CREM, Caen-Normandy) on business cycle synchronization and Marc Pourroy (CRIEF, Poitiers) on the effects of fiscal and monetary policies on inflation.

Registration

The workshop will happen online this year, due to the current sanitary situation.

Contact for registration: Tovonony Razafindrabe - tovonony.razafindrabe@univ-rennes1.fr

Organizing Committee

  • Jean-Christophe Poutineau - CREM CNRS, Université de Rennes 1
  • Jean-Sébastien Pentecôte - CREM CNRS, Université de Caen Normandie
  • Tovonony Razafindrabe - CREM CNRS, Université de Rennes 1
  • Fabien Rondeau - CREM CNRS, Université de Rennes 1