Jointly hosted by the European Central Bank and the Federal Reserve Bank of New York.
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 that can have wide 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 organizing a workshop on November 21st and 22nd at the Federal Reserve Bank of New York. The aim of the workshop is to bring together scholars to present their current research involving expectations surveys. The workshop will take place once a year and will alternate between Frankfurt and New York.
Contributions in the following areas are of particular interest:
- Factors influencing the expectation formation of consumers and firms
- The effect of policy interventions on expectations and decisions
- How expectations shape behavior
- Methodological issues related to expectations data and surveys
- The use of expectations in econometric models and substantive applications.
In addition to contributed papers, the program will feature two plenary sessions by Olivier Coibion (University of Texas Austin) and Ulrike Malmendier (University of California – Berkeley).
We invite authors to submit completed papers to Olivier.Armantier@ny.frb.org by August 31, 2019, using the email subject "Workshop on Expectations Surveys." Successful applicants will be notified by September 21, 2019. The organizers will cover reasonable travel expenses (up to $600 for domestic and $1,200 for international flights) and two nights of accommodation for one presenter per selected 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.
Federal Reserve Bank of New York
33 Liberty Street
New York, NY 10045
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)