The workshop is sponsored by UniCredit
& Universities Foundation and is part of a broader
series of events organized to celebrate the 50th anniversary of the Faculty of
Economics of the University of Pavia. Up to 15 papers
will be selected for presentation. The submission deadline is June
The workshop aims at bringing together leading scholars and young
researchers working in the areas of business cycle dynamics, financial
frictions and asset pricing. The ongoing financial and macroeconomic turmoil
has renewed the interest of both policy makers and academics on the
interaction between capital market imperfections and the macro-economy. Understanding the role of financial frictions in the
propagation of shocks to both the real and the financial sector is of
primary importance to envisage effective policy responses, along with
providing some guidance on how to design regulatory and supervisory
frameworks for financial intermediaries.
Both empirical and theoretical contributions are
invited. Suitable research topics include (but are not
o Business cycle, unemployment dynamics and financial frictions.
o Asset prices and bubbles.
o Financial intermediation and macroprudential regulation.
o Interactions between fiscal and monetary policy and
non-conventional monetary policy during the crisis.
Jordi Galė (CREI, Universitat Pompeu Fabra and Barcelona GSE)
Smets (Director General, DG
Research, European Central Bank).
The following scholars have already
agreed to participate: Seppo Honkapohja (Bank of Finland), Henrik Jensen (University of Copenhagen), Jesper Linde (Federal Reserve
Board of Governors), Raoul Minetti
(Michigan State University), Vincenzo
Quadrini (University of Southern California).
Submissions. To submit a paper
(or express your interest to participate in the conference), please email
email@example.com, attaching a draft or an extended abstract of the
paper by June 15, 2013.
Limited funding is available to
cover travel and accommodation for presenters. Please mention in the
submission whether you require reimbursement of your travel expenses.
(University of Pavia)
Vincenzo Quadrini (University of Southern
Lorenza Rossi (University of Pavia)
Emiliano Santoro (Catholic University of Milan and University of