Conference: The Pandemic Crisis, Macro‐Financial Distress, Risks and Opportunities

The 11th RCEA Money‐Macro‐Finance Conference will be held online in association with the Center for European Studies (CefES) of the University of Milano‐Bicocca, the University of California Riverside, and the Joint Research Centre (JRC) on 27‐28 July 2021. The conference is part of the RCEA‐2021 programme. Papers dealing with both empirical and theoretical issues in the money, macro and finance areas are welcome for contributed sessions.

Objective

The goal of the conference is to assemble a group of leading researchers in macroeconomics, monetary economics and finance to present and discuss their recent work. While the focus of the conference is on theoretical and empirical work related to macro‐financial prospects, we welcome papers in all areas of economics and finance related to the overarching theme of the conference.

Practical information & Programme

The conference programme, information on registration, organising committee and keynote speakers can be found on the RCEA event's page.

Background

The prompt fiscal and monetary responses to the pandemic recession have so far prevented a major worldwide financial crisis. Yet the pandemic is not over, the economic contraction is still large, the expected recovery uneven across countries and sectors, and the risk of new episodes of financial stress, as arising from both corporate and sovereign debts, palpable. At this stage, it is still uncertain whether the pandemic has marked the peak of the financial cycle. But the risks of a too early exit strategy from the expansionary policy mix are self‐evident. This is particularly true for EU economy, for which the lagging vaccination campaign and the third wave of the pandemic raise serious concerns for recovery. The pandemic has turned out to be a formidable challenge, but also a formidable opportunity for long due structural reforms.

Venue

online, EU