6th International MACroeconomics Workshop

Name: 6th International MACroeconomics Workshop
Start: 2020-12-04T08:00:00.000Z
End: 2020-12-04T17:00:00.000Z
Location: Faculté des Sciences Économiques

Rennes (Ille-et-Vilaine) • Vendredi 4 décembre 2020, 09h00

Crédits : CREM

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.