The objective of this event is to bring distinguished researchers in Macroeconomics in the relaxed and fruitful atmosphere of Salento, the peninsula located in the southernmost region of Apulia, Italy. The Programme Committee welcomes submissions of theoretical or empirical papers addressing issues including (but not limited to):

  • Monetary and Fiscal Policy
  • International macroeconomics
  • Imperfect information
  • Heterogeneity, search and matching

The deadline for paper submissions is 31 March 2019.

Jonas Dovern, Ulrich Fritsche, Prakash Loungani, Natalia Tamirisa, 13 November 2014

Forecasts of many macroeconomic variables tend to be serially correlated, which is inconsistent with rational expectations. This column presents new evidence from a two-decade panel of individual forecasts from 36 different nations. While there is evidence of sluggish behaviour in average forecasts, individual forecasts are revised quite often. Sticky information theory might not be an adequate description of the expectations formation of forecasters. 

Olivier Coibion, Yuriy Gorodnichenko, 24 August 2012

Economics and economists have taken a beating in the last few years. One practice on the receiving end of much criticism has been the use of models that assume rational expectations when individuals are well informed. This column proposes some tests of these assumptions and argues that 'imperfect information' models may succeed where others have failed.

CEPR Policy Research