CALL FOR PAPERS
Uncertainty and Non-linearities: Policy Challenges and
De Nederlandsche Bank (DNB)
Amsterdam, 30th September-1st October 2019
Jesus Fernandez-Villaverde (University of Pennsylvania)
Lars Peter Hansen (University of Chicago)
30th of May 2019
Uncertainty has received substantial attention recently. The Federal Open Market Committee identified uncertainty as a key factor in the 2001 and 2007–2009 recessions. Similarly, concerns about policy uncertainty have intensified in recent years. The International Monetary Fund suggested that uncertainty about U.S. and European fiscal and monetary policies contributed to a steep economic decline in 2008–2009 and slow recoveries afterward. Time variation and non-linearities in fundamental economic relationships imply that decision makers face new challenges and need new tools. Additionally, policy makers need criteria to select and interpret information coming from several, potentially misspecified, models.
We invite the submission of high quality theoretical and empirical papers that study the role of uncertainty and non-linearities for economic and policy analysis. Topics of interest include, but are not limited to:
• Model uncertainty, ambiguity;
• The conduct of monetary policy under uncertainty;
• Uncertainty shocks, time varying second moments, stochastic volatility;
• Incomplete information, higher order beliefs;
• Measures of uncertainty;
• Combining information from several models, model misspecification;
• Forecasting with non-linear models.
Paper submission & important dates:
Manuscripts should be submitted to: DNB_ResearchConference@dnb.nl by the 30th of May 2019. Authors of accepted papers will be notified by the 15th of June 2019.
Paolo Bonomolo, Andrea Colciago, Jakob de Haan, Anna Samarina
Amsterdam , Netherlands