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Centre for Economic Policy Research, Athens University of Economics and Business and Bilkent University are pleased to announce a research conference on “Rethinking Macroeconomic Policy in Times of Turmoil”. This is an in-person conference, to be held on the island of Aegina, Greece on June 19-20, 2023 and will also serve as the annual symposium of the CEPR Monetary Economics and Fluctuations program.

The meeting aims at bringing together leading economists to discuss how macroeconomic policy should adapt to the evolving economic landscape. The world economy has changed rapidly after the great recession and economists had to rush to catch up with novel dynamics. Now, with the impact of the COVID-19 pandemic still lingering, Russian invasion of the Ukraine is dragging down growth and putting additional upward pressure on prices. GDP growth is expected to slow down further in many developed countries and high inflation has already persisted for longer than expected. This combination of growth and inflation leaves monetary policymakers with no easy choices. At the same time, given the dim economic outlook and the fiscal expansions during the pandemic, fiscal policymakers are not in a much better position.

​​​Macroeconomic outcomes will crucially depend on the policy mix. Fiscal and monetary policy actions have complemented each other well during the pandemic and their cooperation will also be key in addressing the current high inflation period. Careful studies of the macroeconomic policy interactions and the policy mix are now needed more than ever.

This conference calls for papers that will address current challenges for mitigating the economic slowdown, lessening the fiscal burden for small open and emerging countries, addressing inequalities related to the current inflation surge, and also policies to credibly maintain price stability, as well as rethinking the macroeconomic policy mix in view of the new milieu we are in.

Selected papers presented at the conference will be considered for a European Economic Review (EER) special issue entitled “Rethinking Macroeconomic Policy in Times of Turmoil”.  The special issue will be edited by Evi Pappa. Papers will be refereed according to usual EER standards, however the editor will expedite the editorial process. Authors submitting a paper are asked to indicate whether they wish their paper to be considered for the special issue.

The deadline for submitting papers is 23h59 GMT on February 23, 2023. Preference will be given to completed papers and to detailed drafts. The selected contributors will be notified by March 1, 2023. Submitting coauthors will be expected to present their papers and participate in both days of the conference, if accepted.

A conference dinner on the first day and lunches on both days will be covered by organizers. Participants should plan on covering their travel and accommodation expenses.

Paper Submissions

Authors who already have a CEPR HUB profile can upload their submission by:

  1. Going to https://hub.cepr.org/ and logging in
  2. After you have logged in, go to https://hub.cepr.org/event/3811
  3. Click on "Step 1: Apply"
  4. Under "Apply to Attend" click "Yes"
  5. Tick the boxes that apply to you 
  6. Tick "Would you like to submit a paper?", upload your paper and supply the requested information
  7. Click "Submit form" to make the submission.

Authors who do not have a CEPR HUB profile can upload their submission by:

  1. Creating a new profile here https://hub.cepr.org/user/register
  2. After you have logged in, go to https://hub.cepr.org/event/3811
  3. Click on "Step 1: Apply"
  4. Under "Apply to Attend" click "Yes"
  5. Tick the boxes that apply to you 
  6. Tick "Would you like to submit a paper?", upload your paper and supply the requested information
  7. Click "Submit form" to make the submission.

If you have any difficulty in applying, please email [email protected].

  • Only full drafts of papers will be considered.
  • Each paper submission should include an abstract (200 words max).
  • Submit your document in PDF format to ensure that all fonts, symbols, and equations appear the way they were originally typed.

Keynote speakers:
Rachel Ngai (London School of Economics and CEPR)
Loukas Karabarbounis (University of Minnesota) 

Scientific committee:
Refet S. Gürkaynak (Bilkent University and CEPR)
Evi Pappa (Universidad Carlos III de Madrid and CEPR) 

Local organizer:
Vanghelis Vassilatos (Athens University of Economics and Business)