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Workshop/CfP - Macroeconomics of Uncertainty and Volatility, 28-30 August, University of Stanford,

Publish Date: Apr 03, 2017

Deadline: Apr 20, 2017

Event Dates: from Aug 28, 2017 12:00 to Aug 30, 2017 12:00

About the workshop 

he session will cover recent work on the causes and effects of changes in volatility and uncertainty in the aggregate economy, which remain topical given the recent Brexit and Trump election outcomes. Many observers, including policymakers such as Bernanke, Summers, and Romer, have highlighted that these have been major driving factors in the recent credit-crunch recession and advanced heuristic arguments of why this might have been the case. Unfortunately, our theoretical and empirical understanding of these topics is limited since only recently have macroeconomists started working on these issues from a more systematic basis. Nevertheless, changes in volatility and uncertainty similar to the ones observed for the U.S. economy can be shown to be quantitatively significant factors in business cycle fluctuations and a key element in a successful explanation of aggregate fluctuations. Moreover, the presence of changes in volatility and uncertainty has important implications for the design of optimal policies and for our assessment of the responses of central banks and fiscal authorities to recent developments in the world economy. Therefore, the session will aim to include about 14 recent papers on these topics. Our goal is to have a balanced mix of theoretical and empirical papers and a strong interest in applications to policy.

Organized by: Nick Bloom (Stanford University), Steve Davis (University of Chicago), Jesus Fernandez-Villaverde (University of Pennsylvania).

Call for Papers 

Online Paper Submission Procedure:

  • If you are a contributor, please create an account to securely submit your paper.  You may submit the same paper to more than one session (or different papers to more than one session).  You can access your submitted papers later via the "My Account" link in the left sidebar. If the file size of your paper is large (around 5 MB or more), please email it to the contact below, instead of submitting online.

  • If you are a session organizer, please create an account and request Session Organizer status for your account by emailing  You can access papers for your session via the "Review Papers" link in the left sidebar. 

  • For assistance please contact


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