The 4th Joint Bank of Canada-European Central Bank-Federal Reserve Bank of New York (BOC-ECB-FRBNY) Conference on Expectations Surveys will be held on October 12 and 13, 2023 at the Bank of Canada’s Head Office in Ottawa.
About this conference
Building on the success of the previous editions in 2019, 2021 and 2022, the aim of this conference is to bring together scholars to present their current research involving expectations surveys.
Over the past decade, researchers and central banks have started to collect survey data on expectations from consumers, experts and professional forecasters, and firms. These surveys provide insights into how economic agents form and update their expectations, the heterogeneity and biases in these expectations and how these expectations feed into economic decisions that can have wide implications for the economy and for monetary policy.
The conference program will feature two plenary keynote speakers: Yuriy Gorodnichenko (University of California, Berkeley) and Michael Weber (University of Chicago, Booth School of Business).
This conference will be in person with a hybrid option. In-person attendance of presenters is required (subject to any health policy rules at the time). Remote participation will be available for other attendees.
The organizers will cover reasonable travel expenses (up to Can$1,200 for domestic and Can$2,000 for international flights) and two nights of accommodation for one presenter per selected paper, subject to the relevant institutional rules and guidelines.
Presenters are requested to stay for the entire conference. Please note that attendance is by invitation only.
Call for papers
We invite authors to submit completed papers via Conference Maker by June 30, 2023.
Contributions in the following areas are of particular interest:
- Factors influencing the expectation formation and updating of expectations
- The effect of policy interventions on economic expectations and decisions
- How expectations shape subsequent behavior and economic choices
- The anchoring of inflation expectations and dynamics of expectations in high-inflation environments
- Price setting and wage setting behaviour by firms
- Methodological issues related to expectations data and surveys
- The use of expectations in econometric and structural models and substantive applications
Successful applicants will be notified by August 15, 2023.
For any inquiries, .
- Olivier Armantier (FRBNY)
- Maarten Dossche (ECB)
- Dimitris Georgarakos (ECB)
- Yuriy Gorodnichenko (UC Berkeley)
- Kim P. Huynh (Bank of Canada)
- Monica Jain (Bank of Canada)
- Geoff Kenny (ECB)
- Gizem Kosar (FRBNY)
- Olena Kostyshyna (Bank of Canada)
- Patrick Sabourin (Bank of Canada)
- Jason Somerville (FRBNY)
- Wilbert van der Klaauw (FRBNY)