The financial crisis and the subsequent economic recovery were associated with spectacular price movements in a number asset markets. Understanding these fluctuations and their interactions with the macro economy remains challenging. The conference seeks to bring together innovative work...

Prof. Lutz Kilian (U. Michigan) will cover the determination of the price of oil in global markets and the relationship between the price of oil and the macroeconomy (inflation, growth, financial markets). The program will include: - Determinants of historical oil price fluctuations - How...

The purpose of the IRFMP is to promote the discussion of innovative research on theoretical and empirical macroeconomic issues with relevance for monetary policy. Topics: - factors accounting for very low global real interest rates; - whether central banks have adequate scope to ease policy in a...