Submission deadline: 31 August 2019

Call for Papers

First joint European Central Bank - Federal Reserve Bank of New York workshop on expectations surveys: a tool for research and monetary policy

New York, 21 and 22 November 2019

Over the past decade, central banks have started to collect survey data on expectations from consumers, economists, professional forecasters and firms. These surveys provide insights into how economic agents form their expectations and how these expectations feed into economic decisions with wide-reaching implications for the economy and for monetary policy.

In view of these developments, the European Central Bank and the Federal Reserve Bank of New York are organising a joint workshop on 21 and 22 November 2019, which will take place at the Federal Reserve Bank of New York. The aim of the workshop is to bring scholars together to present their current research involving expectations surveys. The workshop will take place on an annual basis, alternating between New York and Frankfurt.

Contributions in the following areas are of particular interest:

  • factors influencing the way consumers and firms form expectations
  • the effect of policy measures on expectations and decisions
  • how expectations shape behaviour
  • methodological issues related to expectations data and surveys
  • the use of expectations in econometric models and substantive applications

In addition to the accepted papers the programme will feature two plenary sessions by Olivier Coibion (University of Texas at Austin) and Ulrike Malmendier (University of California, Berkeley).

We invite authors to submit completed papers to Olivier.Armantier@ny.frb.org by 31 August 2019, using the subject line "Workshop on Expectations Surveys".

Successful applicants will be notified by 21 September 2019. The organisers will cover reasonable travel expenses up to USD 600 for domestic flights and USD 1,200 for international flights, and two nights of accommodation for one presenter of each accepted paper, subject to the relevant institutional rules and guidelines. Presenters are requested to stay for the entire workshop. Please note that attendance is by invitation only.

Organising committee:

  • Olivier Armantier (Federal Reserve Bank of New York)
  • Dimitris Georgarakos (European Central Bank)
  • Geoff Kenny (European Central Bank)
  • Gizem Kosar (Federal Reserve Bank of New York)
  • Luc Laeven (European Central Bank)
  • Wilbert van der Klaauw (Federal Reserve Bank of New York)