Research Events & Seminars

Annual Workshop: ESCB Research Cluster 2

Dublin, 23-24 October 2025

The Central Bank of Ireland and Banca d’Italia are pleased to announce the Ninth Annual Workshop of the ESCB Research Cluster 2, to be held at the Central Bank of Ireland in Dublin, on 23-24 October 2025.

Research Cluster 2 focuses on issues related to international macroeconomics, fiscal policy, labour economics, competitiveness, and EMU governance. The Annual Workshop seeks to foster awareness and collaboration in research initiatives across institutions, and so submissions will be considered over a wide range of topics. Both theoretical and empirical contributions are welcome. The workshop is open to European System of Central Banks (ESCB) and Bank of England (BoE) researchers only.

Keynote speakers will be Swati Dhingra (LSE and Bank of England) and Gianmaria Milesi Ferretti (Brookings Institution).

ESCB authors are invited to submit a draft paper or extended abstract, in PDF format, by 2 June 2025 writing to [email protected]. For more details, see the call for papers.

Conferences

• 2023 Financial stability policies in a changing lending landscape
• 2023 Global Interdependence Center Conferences
• 2023 Annual International Journal of Central Banking Research Conference
• 2020 Euro at 20
• 2022 Mortgage Measures Framework Review
• 2018 Irish Economic Association Annual Conference
• 2018 NBER International Seminar on Macroeconomics

Workshops

• 2024 Economics Winter Workshop
• 2024 Central Bank / UCD research workshop
• 2023 Economics Winter workshop
• 2022 Labour Markets and Earnings Developments
• 2015 Banking, credit and macroprudential policy: what can we learn from micro-data? 

• 9 January 2025
  Irem Demirci (Nova School of Business and Economics)
• 16 January 2025
  John Duca (Oberlin College and Federal Reserve Bank of Dallas)
• 22 January 2025
  Oliver de Groot (University of Liverpool)
• 23 January 2025
  David Aikman (King's College London)
• 30 January 2025
  Radek Sauer (IEA)
• 6 February 2025
  Pedro Teles (Nova University Lisbon and Banco de Portugal)
• 11 February 2025
  Ronan Lyons (Trinity College Dublin)
• 20 February 2025
  Valerio Poti (University College Dublin)
• 27 February 2025
  Arzé Karam (Durham University Business School)
• 6 March 2025
  Jonathon Hazell (London School of Economics)
• 13 March 2025
  Hans Degryse (KU Leuven)
• 20 March 2025
  Mathias Trabandt (Goethe University Frankfurt)
• 27 March 2025
  Evi Pappa (Universidad Carlos III)
• 3 April 2025
  Peter Klenow (Stanford University)
• 10 April 2025
  Andrea Ferrero (University of Oxford)
• 17 April 2025
  Daniel Murphy (University of Virginia)
• 24 April 2025
  Daniel Walker (Bank of England)
• 1 May 2025
  Ralph de Haas (KU Leuven and EBRD)
• 8 May 2025
  Aubrey Poon (University of Kent)
• 15 May 2025
  Natalia Ramondo (Boston University)
• 22 May 2025
  Leonardo D'Amico (Harvard University)
• 29 May 2025
  Jan Hanousek (CERGE-EI)
• 12 June 2025
  Elena Loutskina (University of Virginia)
• 19 June 2025
  Luca Gambetti (Universitat Autonoma de Barcelona, Collegio Carlo Alberto)
• 26 June 2025
  Anu Jose (BCFU)

• 25 January 2024
  Zivile Zekaite (IEA)
  Owner-occupied housing costs, ECB policy, and inflation expectations
• 8 February 2024
  Yota Deli (University College Dublin)
  Education, Entrepreneurs and Firm Outcomes: The Role of Credit
• 15 February 2024
  Karamfil Todorov (Bank for International Settlements)
  ETFs, Illiquid Assets, and Fire Sales
• 22 February 2024
  Fabio Parla (University of Palermo)
  Common shocks and climate risk in European equities
• 29 February 2024
  Michael Wosser (MFD)
  Measuring Costs and Benefits of Mortgage Measures in a Consumption Framework
• 7 March 2024
  Davide Romelli (Trinity College Dublin)
  Warning words in a warming world: Central bank communication and climate change
• 14 March 2024
  Sergio De Ferra (University of Oxford)
  Inequality, Expenditure Composition, and the Transmission of Monetary Policy
• 21 March 2024
  John Duca (Oberlin College and Federal Reserve Bank of Dallas)
  A Tale of Two U.S. House Price Booms: Some Preliminary Findings
• 28 March 2024
  Boryana Madzharova (RCU)
  Understanding Market Entry Sequences of Products with Different Quality
• 4 April 2024
  Beren Demirolmez (STSD)
  Offshore debt issuance, within-company loans and measured FDI: determinants and implications
• 11 April 2024
  Matija Lozej (IEA)
  On household labour supply in sticky-wage HANK models
• 18 April 2024
  Caterina Mendicino (European Central Bank)
  The Foreign Liability Channel of Bank Capital Requirements
• 25 April 2024
  Michele Pelli (RCU)
  Cross-Border M&A and the Exchange Rate: Evidence from Switzerland
• 2 May 2024
  Nora Strecker (University College Dublin)
  Falling tariffs: Implications of globalization-induced tariff reductions on firms, workers, and tax revenue implications
• 16 May 2024
  Klodiana Istrefi (Banque de France)
  ECB communication and its impact on financial markets
• 23 May 2024
  Yuting Chen (IFD)
  The First-mover Advantage Puzzle? New Evidence from Irish Domiciled Corporate Bond Funds
• 30 May 2024
  Amy Handlan (Brown University)
  Monetary Communication Rules
• 6 June 2024
  Fang Yao (MFD)
  The Conduct of LTV Policy under Inflationary Shocks
• 13 June 2024
  Jordan Roulleau-Pasdeloup (National University of Singapore)
  Endogenous Persistence at the Effective Lower Bound
• 20 June 2024
  Stephen Byrne (IEA)
  The Sources of Capital Misallocation in Europe
• 4 July 2024
  Anil Yadav (RCU)
  Diffusion of New Technologies and Regional Industrial Path Development: Evidence from Brazil
• 11 July 2024
  Andreas Fuster (EPFL, SFI, SNB)
  Affordable housing, unaffordable credit? Concentration and high-cost lending for manufactured homes
• 18 July 2024
  Fulvia Fringuellotti (Federal Reserve Bank of New York)
  Payout Restrictions and Bank Risk-Shifting
• 25 July 2024
  Joao Magro (FRGP)
  Covenant violations and disinvestment
• 12 September 2024
  Vitaliia Yaremko (Trinity College Dublin)
  Interactions between macroeconomic expectations and labour supply: Implications for wage-price spirals
• 27 September 2024
  Tamon Asonuma (International Monetary Fund)
  Heterogeneous Sovereign Default Costs
• 30 September 2024
  Refet Gürkaynak (Bilkent University)
  Corporate Borrowing Spreads in the Euro Area
• 2 October 2024
  Refet Gürkaynak (Bilkent University)
  News, Noise, Anchoring and International Yield Curves
• 3 October 2024
  Ronald Davies (University College Dublin)
  Space Pirates, or, Subsidizing Industrial Sabotage in Outer Space
• 10 October 2024
  Steven Ongena (Zurich, SFI, KU Leuven, NTNU)
  Joining Forces: Why Banks Syndicate Credit
• 15 October 2024
  Katrin Godker (Bocconi University)
  Mental Models in Financial Markets: How Do Finance Experts Reason About the Pricing of Climate Risks?
• 17 October 2024
  Michael Mahony (MFD)
  Firm Credit Conditions and Flood Risk: Evidence from Ireland
• 24 October 2024
  Kalina Manova (University College London)
  Multinational Firms and Global Innovation
• 31 October 2024
  Marco Moreno (STSD)
  Monetary policy shocks and their effects across the wealth distribution: evidence from new European data
• 7 November 2024
  Nicola Pavanini (Tilburg University)
  Leverage Regulation and Housing Inequality
• 14 November 2024
  Anatoli Segura (Bank of Italy)
  Common Deposit Insurance, Cross-Border Banks and Welfare
• 21 November 2024
  Danish Us-Salam (BCFU)
  Mitigating Vulnerability: The Role of Risk Warnings, Information Order; Salience in High-Risk Investments
• 25 November 2024
  Christiane Baumeister (University of Notre Dame)
  Uncovering Disaggregated Oil Market Dynamics: A Full-Information Approach to Granular Instrumental Variables
• 28 November 2024
  Laszlo Tetenyi (Banco de Portugal, Catolica Lisbon School of Business and Economics)
  Trade, Misallocation, and Capital Market Integration
• 3 December 2024
  Jin Cao (Norges Bank)
  Relationship Lending and Monetary Policy Pass-Through
• 11 December 2024
  Tommaso Monacelli (Bocconi University)
  HBANK: Monetary Policy with Heterogeneous Banks

• 6 January 2023
  Juan Rubio Ramirez (Emory Uni, USA)
  Uniform Priors for Impulse Responses
• 19 January 2023
  Carlos Montes-Galdon (ECB) Conditional density forecasting: a tempered importance sampling approach
• 26 January 2023
  Matija Lozej (IEA)
  A single monetary policy for heterogeneous labour markets: the case of the euro area
• 2 February 2023
  Antonio Marsi (University of Bologna) The effect of anti-fragmentation policies across the business cycle
• 9 February 2023
  Francesco Lucidi (Sapienza University / European University of Rome) The effects of temperature shocks on energy prices and inflation in the Euro Area
• 18 February 2023
  Anuj Pratap Singh (MFD)
  Liquidity, Equity or Asset Position? Disentangling the First Time Buyer Response to Help to Buy Enhancement
• 23 February 2023
  Benjamin Born (Frankfurt School of Finance & Management)
  Inclusive Monetary Policy: How Tight Labor Markets Facilitate Broad-Based Employment Growth
• 9 March 2023
  Elio Bolliger (Uni Lausanne)
  Inflation Expectations, Perceptions and News Media: Regional Differences in Switzerland
• 16 March 2023
  Shane Byrne (BCFU)
  The Last Mile of Monetary Policy: Inattention, Reminders, and the Refinancing Channel
• 23 March 2023
  Niall McGeever (MFD)
  Do non-bank lenders mitigate credit supply shocks? Evidence from a major bank exit
• 30 March 2023
  Emanuele Franceschi (ECB)
  Inflation Persistence
• 6 April 2023
  Elio Bolliger (MFD)
  Distressed Mortgages: A Machine Learning Assessment
• 20 April 2023
  Cecilia Sarchi (STATS)
  Firms' Financing Access and Composition and Their Interactions with the Monetary Policy
• 27 April 2023
  Filippo Arigoni (MFD) Foreign economic policy uncertainty shocks and real activity in the Euro area (slides)
• 4 May 2023
  Klaus Adam (University of Mannheim) TBD
• 11 May 2023
  Emil Bandoni (MFD)
  Institutional investors in residential real estate markets: procyclicality, affordability and monetary policy transmission
• 18 May 2023
  Karel Mertens (Dallas Fed) TBD
• 25 May 2023
  Marta Karas (Wraclow Uni)
  Systemic Turbulence
• 8 June 2023
  Pei Kuang (Birmingham Uni)
  Macroprudential Policy and Housing Market Expectations
• 15 June 2023
  Ralph Luetticke (Tuebingen University) Foreign portfolios and domestic business cycles with heterogeneous agents
• 29 June 2023
  Andrew Hannon (University of Cambridge) Housing, Rental Markets, Mortgage Policies and the Wealth Distribution
• 6 July 2023
  Neil Lawton (MPOL)
  Inflation expectations, oil price shocks and the role of the ZLB
• 13 July 2023
  Margarita Rubio (University of Nottingham) The macroprudential toolkit: effectiveness and interactions
• 20 July 2023
  Matija Lozej (IEA)
  Macroeconomic Effects of Carbon Transition Policies: An Assessment Based on the ECB's NA
• 7 September 2023
  Sara Spaziani (Brown University)
  Optimal Unemployment Insurance with Interindustry Subsidies and Labor Reallocation
• 14 September 2023
  Kevin Devereux (Peking University)
  When and Where do Minimum Wage Hikes Increase Hours? Evidence from Ireland
• 21 September 2023
  Neeltje Van Horen (Bank of England)
  SME Exposure to Inflation Risk: The Role of Leverage
• 28 September 2023
  Filippo Arigoni (MFD)
  Economic Policy Uncertainty in the US and EUR/USD Real Exchange Rate Fluctuations
• 05 October 2023
  Garo Garabedian (MPOL)
  Liquidity Shocks and the Real Economy 
• 10 October 2023
  Tom Holden (Bundesbank)
  Robust Real Rate Rules
• 19 October 2023
  Filippo Pallotti (University College London) Who Bears the Costs of Inflation? Euro Area Households and the 2021–2022 Shock
• 26 October 2023
  Dmitriy Sergeyev (Bocconi University) The Economics of Financial Stress
• 2 November 2023
  Matija Lozej (IEA)
  Who gets jobs matters - monetary policy and the labour market in HANK with SAM
• 09 November 2023
  Saad Aftab (Queen Mary University of London) Do Wealth Management Products Exacerbate Bank Systemic Risk?
• 16 November 2023
  Marcel Peruffo (University of Sydney) Distributive Effect of Banking Sector Losses
• 23 November 2023
  Francesco Furlanetto (Norges Bank) Did Monetary Policy Kill the Phillips Curve - Some Simple Arithmetics
• 30 November 2023
  Dilan Aydin Yakut (MPOL)
  When is monetary policy more powerful? (With Rob Goodhead and David Byrne)
• 07 December 2023
  Michael Hatcher (University of Southampton) Simulating Multiple Equilibria in Rational Expectations Models With Occasionally-Binding Constraints
• 14 December 2023
  Michele Pelli (RU) and Anil Yadav (RU) MP: "How Do Households Respond to Negative Deposit Rates? Evidence from a Swiss"; AY: "Estimating effects of staggered intervention with Count and Binary outcomes: a simulation study"

• 13 January 2022
  Mariela Dal Borgo (Banco de México) Effect of an income shock on subnational debt: Micro evidence from Mexico
• 19 January 2022
  Kevin Cunningham (TU Dublin) Survey Inflation Expectations for Ireland (Ireland Thinks)
• 20 January 2022
  Vahagn Galstyan (CBI) 
  COVID-19 and Redemptions from Irish-Resident Bond Funds
• 27 January 2022 Michela Rancan (Marche Polytechnic University) Has the Comprehensive Assessment made the European financial system more resilient? (with Silvia Calò, Wildmer Gregori, and Marco Petracco-Giudici)
• 10 February 2022 Maximilian Günnewig-Mönert (Trinity College) Housing supply elasticities in Ireland
• 17 February 2022 Manasa Gopal (Georgia Tech) 
  The Rise of Finance Companies and FinTech Lenders in Small Business Lending
• 03 March 2022
  David Low (Consumer Financial Protection Bureau What Triggers Mortgage Default? New Evidence from Linked Administrative and Survey Data
• 10 March 2022
  Margaret Samahita (UCD)
  Are economics conferences gender-neutral? Evidence from Ireland
• 16 March 2022
  Kevin Devereux (Peking University)
  Gender, Productivity, and Promotion in Irish the Economics Profession
• 31 March 2022
  Ciaran Rogers (Stanford) Quantitative Easing and Local Banking Systems in the Euro Area
• 14 April 2022
  Fang Yao Estimating Long-run Trend and Cycles of the House Price to Income Ratio in Ireland
• 21 April 2022
  Brian Higgins (Stanford)
  Savings and consumption responses to persistent income shocks
• 28 April 2022
  Nick Sander (Bank of Canada)
  Fiscal Policy in the Age of COVID: Does it ‘Get in all of the Cracks?
• 12 May 2022
  Gabriel Chodorow-Reich (Harvard)
  The 2000s Housing Cycle With 2020 Hindsight: A Neo-Kindlebergerian View
• 19 May 2022
  Cian Ruane (IMF)
  Worker mobility and domestic production networks
• 02 June 2022
  Francesca Loria (US Federal Reserve Board) Assessing Macroeconomic Tail Risk
• 09 June 2022
  Jason Somerville (NY Fed) 
  Removing Barriers to Program Enrollment: Experimental Evidence from SNAP
• 16 June 2022
  Jonathan Rice
  Macroprudential Stress Testing model
• 30 June 2022
  Filippo Arigoni (MFD)
  Climate policy uncertainty and consumer confidence in the US
• 08 September 2022 Peter Andre (briq) Narratives about the macroeconomy 
• 15 September 2022 Simone Arrigoni (IEA)
  Measuring financial conditions via equal weights combination
• 22 September 2022 James Vickery (Philadelphia Fed)
  Intermediation Frictions in Debt Relief: Evidence from CARES Act Forbearance
• 29 September 2022 Erwan Gautier (Banque de France)
  Firms' expectations - evidence from France 
• 13 October 2022 Dilan Aydin Yakut (MPOL)
  A trend inflation analysis for the Euro Area
• 20 October 2022 Joseph Kopecky (Trinity) 
  Monetary Policy Gone Boom(er)? The Effect of Population Age Structure on Interest Rate Transmission
• 10 November 2022 Daragh Clancy
  Reshoring production in small open economies
• 17 November 2022 Jane Ryngaert
  Wages and Inflation
• 24 November 2022 Ellen Ryan
  How do banks respond to collateral price shocks? The case of Covid and Commercial Real Estate
• 8 December 2022 David Aikman (King's, London)
  The scarring effects of deep contractions