"Political Economy, Public Policy, and Financial Markets"
November 13-14, 2015
The Carnegie-Rochester-NYU Conference on Public Policy is now soliciting papers for a conference on “Political Economy, Public Policy, and Financial Markets." This Conference will be held at Carnegie Mellon University on November 13-14, 2015. The papers and comments are intended for publication in the July 2016 issue of the Journal of Monetary Economics.
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 April 13, 2015.
Financial markets have long been shaped by legislative and regulatory public policy. Government sets standards and rules in financial markets through a variety of specialized agencies. Broad macroeconomic and tax policies impact aggregate outcomes and financial markets; accounting and disclosure standards also impact aggregate and financial market outcomes. Whether or not these standards, rules and policies work as intended, they are determined by political processes so politics influences outcomes in financial markets and vice-versa.
We invite proposals that use theoretical models and empirical or narrative methods to identify and explore the interplay between political economy, public policy, and financial markets. We hope to bring together researchers from financial economics, macroeconomics, public economics, and political economy to address the intended and unintended consequences of actual or potential political decisions for financial markets and to propose alternative policies where needed.
The following topics are among those of interest: 1) the relationship between political uncertainty and asset prices, 2) the feedback from financial market outcomes to electoral and political processes, 3) the impact of politics on financial market regulation, 4) the impact of tax policies on domestic and international financial markets and the feedback from these markets on U.S. tax policies, 5) the impact of accounting and disclosure standards on domestic and international financial markets and the feedback from these markets on accounting and disclosure standards, 6) the unintended consequences of financial regulation, 7) the politics of macro-prudential policy, and 8) the implications of the interplay between financial markets and political processes for independent government agencies and their relationship to other branches of government and to industry.
The editors, in collaboration with the Carnegie-Rochester-NYU Advisory Board, will make the final selection of papers to be included in the Conference. Authors will be notified by May 1, 2015 if their paper has been selected. Authors will receive an honorarium of $2500 and be expected to present their paper at the Conference. The papers should represent original research not presented or 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 authors only if their paper is accepted.