December 15, 2023
April 22-23, 2024
The conference is hosted by the Bank of Canada. Co-organizers include the NYU Stern|Volatility and Risk Institute, the Leibniz Institute for Financial Research SAFE, the Imperial College|Brevan Howard Centre for Financial Analysis, the London Business School|AQR Asset Management Institute, the Deutsche Bundesbank, and the European Central Bank.
Over the past year or so, most central banks around the globe have been battling rampant inflation while attempting to achieve a soft landing of their domestic economies — a task compounded by the global conflicts in Ukraine and the Middle East, post-pandemic supply chain strains, and banking fragility — with unresolved fiscal quandaries in the background. These unprecedented challenges may render those efforts less effective, while fueling financial distortions on Wall Street and allocation inefficiencies on Main Street.
The final program will include both submitted and invited papers. The Conference will also feature panel discussions on the major outstanding issues in sovereign bond markets.
We solicit theoretical and empirical papers on the interactions between sovereign bond markets and conventional and unconventional monetary policy, regulation, fiscal policy, foreign exchange, and the macroeconomy in inflationary times. Topics of interest include (but are not limited to):
- Unconventional monetary policies during periods of turmoil and:
- Pricing of financial assets and exchange rates
- Divergent policy-making around the globe
- Market participants, primary dealers, and other institutions
- Risk taking by banks
- Spillovers and network effects from the US/Europe/Japan to other economies
- Spillovers and network effects across asset classes
- Currency regimes
- Investment and financial decisions of firms
- Financial market liquidity.
- The impact of inflation-motivated monetary and fiscal policies on the sovereign bond markets
- Financial stability in an unstable world and:
- Sovereign risk in inflationary or recessionary economies
- Quantitative tightening
- Conflicting monetary and fiscal policies
- The bank-sovereign “doom loop”
- Financial dislocations and their real effects.
While the above topics define the broad contours of the areas of interest, papers in related areas may also be considered.
Those wishing to present a paper at the Conference should submit by December 15, 2023 at firstname.lastname@example.org. Decisions regarding acceptance will be made by February 1, 2024. The final version of accepted papers must be received by March 1, 2024.