5th HenU/INFER Workshop on Applied Macroeconomics

 March 29th - 31st 2019

Visit the conference website


From March 29th to 31st 2019, the Center for Financial Development and Stability (CFDS) at Henan University and the International Network for Economic Research (INFER) will organize their 5th annual Workshop on Applied Macroeconomics hosted by Henan University.

The Global Financial Crisis has brought countries' monetary financial and fiscal vulnerabilities to the forefront of the academic debate. Many countries increased government spending, driving both domestic and foreign debt up and leaving them highly vulnerable. Unable to stop the crisis with fiscal measures, most countries eventually resorted to highly expansionary monetary policy to provide more stimulus. Both the Fed and the ECB lowered their rates to the zero lower bound and finally engaged in unconventional monetary policy. This drastically increased their government debt holdings, strengthening the linkages between monetary and fiscal issues. At the same time, global capital flows were redirected to countries which maintained positive interest rates, many of them emerging markets who now – with the Fed slowly normalizing its policy – fear a sudden stop.

That is, more than a decade after the outbreak of the crisis its repercussions are still felt. Therefore, this year’s workshop will have a focus on the fiscal and monetary fragility that we are facing, especially its international aspects. As always, we invite papers from all fields in applied macroeconomics, but papers matching those issues are particularly welcome.



Please submit your paper or extended abstract by November 15th 30th, 2018 via conferencemaker, preference will be given to full papers. The authors will be informed about acceptance by December 15th, 2018.


Special issue

Selected, excellent papers will be considered for a special issue in Journal of International Money and Finance on "Monetary and Fiscal Fragility in the 2020s". Those papers will be subject to additional double blinded peer review. More details on the submission process will be available on the conference website.


Keynote lectures

Prof. Lawrence Christiano

Alfred W. Chase Chair in Business Institutions, Northwestern University
Department of Economics, Northwestern University

 Prof. Randall Wright

Ray B. Zemon Chair in Liquid Assets in the Department of Finance, Investment and Banking at the Wisconsin School of Business
Department of Economics at University of Wisconsin Madison

Dinner Keynote

Prof. Joshua Aizenman

Robert R. and Katheryn A. Dockson Chair in Economics and International Relations
 at the Department of Economics at the USC Dornsife College of Art, Letters and Science


Travel and accommodation

Please arrange your arrival in Kaifeng on March 28th, since we will schedule presentations all day on March 29th and 30th.  Rooms including breakfast are available at the conference venue (Lavenda Dream Hotel Kaifeng New Century Grand Hotel Kaifeng) for a special conference rate of 328 RMB (about 48 USD or 42 EUR). Lunch and dinner are provided for all participants of accepted papers by Henan University from the evening of the 28th to the evening of the 30th. On March 31st, Henan University will organize a social event to visit the Yellow River Scenic Area near Zhengzhou. The fee for the trip will be around 500 RMB (about 70 USD or 60 EUR). 


Organizing Committee

Makram EL-SHAGI (HenU / IWH)

ZHANG Lin (HenU)


Contact / Support

Kerstin EL-SHAGI (HenU)

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Scientific Committee

Makram EL-SHAGI (HenU / IWH)

ZHANG Lin (HenU)

Young Bin AHN (HenU)


DONG Baomin (HenU)

Jarko FIDRMUC (Zeppelin University)


JIANG Lunan (HenU)


Frank SHAO (HenU)

SUN Rongrong (HenU)

Camelia TURCU (Univ. Orleans/INFER)

WANG Qianqian (HenU)

Phil Zhicheng XU (HenU)

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