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Macroeconomics of Expectations

25 mars 2023 Call for papers
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Banque de France, CEPR and Paris School of Economics are jointly organizing the conference on the Macroeconomics of Expectations on 22-23 June 2023.
Using micro-data on households, firms and professional forecasters much recent research has documented significant and heterogeneous departures of expectations from the rational, fully informed benchmark. Other contributions have stressed the consequences of limited information and imperfect expectations for macroeconomic dynamics and the effects of policies.
The Banque de France, CEPR and Paris School of Economics joint conference aims at bringing together leading researchers from academia, central banks and other policy institutions to present research findings related to the importance of expectations for macroeconomic dynamics and the conduct of macroeconomic policies.

Confirmed keynote speakers are:


George-Marios Angeletos (Northwestern University)
Ulrike Malmendier (University of California, Berkeley and CEPR)

The topics of interest include, but are not limited to:

Macroeconomic consequences of information frictions
Households / firms expectation formation
The role of information frictions for monetary policy
Central bank communication and expectations
The role of expectations for individual decisions
We invite authors to submit completed papers. Extended abstracts will be also considered but preference will be given to completed papers.
The deadline for submission is Wednesday 25 March 2023. Authors of accepted papers will be informed by 15 April 2023. Travel and local accommodation for speakers and discussants from academic institutions will be funded by the Banque de France according to its internal guidelines.

If you have any difficulties registering for this meeting, please contact Mark Mc Gee, Events Officer at

Organising Committee: Tobias Broer (PSE, IIES Stockholm University and CEPR), Gaetano Gaballo (HEC and CEPR), Erwan Gautier (Banque de France), Paul Hubert (Banque de France and Sciences Po - OFCE), Alexandre Kohlhas (Oxford University)


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