EABCN – EUI Joint Conference

• Department of Economics

Hosted by the European University Institute and sponsored by the EABCN, this event explores topics related to empirical and theoretical methods, interest rates, and economic and monetary policies.

The natural rate of interest is the short-term interest rate that would prevail when the economy is at full employment and stable inflation. The natural rate of interest therefore is a crucial guidepost for monetary policy. However, it cannot be observed directly and thus it has to be estimated. Organised by Barbara Rossi (EUI, UPF, and CEPR) and Eleonora Granziera (Norges Bank), the conference covers a broad range of themes around empirical methods for estimating the natural rate of interest as well as theoretical models. It thus will bring together recent contributions in this area of research, including studies with a strong theoretical basis and empirical papers.

A non-exclusive list of examples of relevant topics includes:

• Empirical estimates of the natural rate of interest
• Interest rates and monetary policy
• Long-run inflation and unemployment
• The economic determinants of the natural rate of interest in the long-run
• Keynote speaker: Ricardo Reis (London School of Economics)