NYU Stern

CRNYU - April 2014

"Uncertainty and the Macroeconomy"
April 2014

The Carnegie-Rochester Conference on Public Policy is now soliciting papers for a conference on “Uncertainty and the Macroeconomy.” This conference will be held in Rochester, at the Simon School of Business, University of Rochester, on April 25-26, 2014. The papers and comments are slated for publication in a special issue of the Journal of Monetary Economics in January 2015.

Recent economic analysis has emphasized the importance of economic uncertainty for asset prices and macroeconomic quantities. The term “uncertainty” can be broadly interpreted to include conventional notions of volatility and risk as well as the notion of Knightian uncertainty. These notions of uncertainty can apply to various macroeconomic variables, including technological uncertainty and uncertainty about monetary and fiscal policy. We are seeking papers that (i) develop and provide better measures of uncertainty or (ii) analyze the effects of uncertainty and variations in uncertainty on financial markets and the macroeconomy.

The editors invite detailed abstracts of no more than two pages describing the proposed research paper. (If a preliminary version of the paper is available, authors may include it with their abstract.) Proposals should be submitted electronically to Sue North, Editorial Assistant for the Journal of Monetary Economics, no later than October 31, 2013, at north@simon.rochester.edu. The editors, in collaboration with the Carnegie-Rochester Advisory Board, will make the final selection of papers to be included in the Conference. Authors will be notified by November 18, 2013, if their paper has been selected. Authors will receive an honorarium of $2500 for each paper and are expected to present their papers at the Conference. The papers should represent original research not published elsewhere. Since the papers are intended for publication, authors will not be able to publish or reprint the work elsewhere without the permission of the editors and publisher. Please note that the editors will contact potential authors only if their paper is accepted.