YSI Sessions organized by the Young Scholars Initiative Keynesian, Financial Stability and Complexity Working Groups
The 2008 Global Financial Crisis put the economics profession in the spotlight as the need was evident to deepen our understanding of the causes, effects and consequences of financial and economic crisis. After the crash, a torrent of criticism and new proposals flooded economics calling for a new ways of thinking and conceiving economic phenomena that can allow us to foresee economic crisis and prevent our societies to suffer the consequences. The 2008 crisis was an opportunity to rethink not only economic theoretical and modelling issues, but also for economic policy to rise to the challenge of the time. However, ten years after the 2008 Global Financial Crisis we are witnessing again stock markets and debt levels to rise as the economic recovery is at a slow path. The financial distress together with the troubled political situation is raising fears of a new economic downturn. In this context, the 22nd FMM Conference will be an excellent opportunity to ask ourselves: what have we learned from the Global Financial Crisis of 2008?
We are glad to announce two special sessions jointly organized by the Keynesian, Financial Stability and Complexity Working Groups.
For these sessions, we welcome contributions related (but not limited) to the following topics:
Economic history of financial crises
The study of economic recoveries from financial crises
Sources and policy responses to financial crises
Global economic imbalances
Financial stability and regulation
Instability in financial markets
Financialization of the economy and its effects on the productive structure
Alternative Macroeconomic models (e.g. Stock Flow Consistent, Agent Based, Kaleckian, Minskian) related to issues such as macro-financial instability and inequality.
Complex theory applied to financial markets
Empirical work in finance using complexity methods (i.e. Network Analysis)
All applicants must submit an abstract in English (400 words maximum) until 15 July [extended]. Decisions will be made in early August and will be based on clarity, relevance and originality of abstracts outlining the research question, method and (preliminary) results. In case of acceptance, full papers, including an abstract of max. 200 words are due by 25 September. Accommodation and limited travel support will be offered for selected participants.
Submit your applications to the following email: [email protected]
Questions concerning this call may be sent to the organizers, also on the email [email protected]
More information on the Young Scholars Initiative and the Working Groups that are organizing these sessions (Keynesian Economics, Financial Stability and Complexity Economics) may be found at the Young Scholars Directory: https://ysd.ineteconomics.org/workinggroups
In September 2008 the bankruptcy of Lehman Brothers was a landmark in a series of events that triggered the great financial and economic crisis. However, its roots lie much deeper: rising inequality, deregulation of financial markets, private debt and trade imbalances are discussed to play a role. Ten years later, financial markets are again reaching record highs, the world economy grows at a strong pace and major central banks are beginning to tighten their monetary policy stance. At the same time, the gains accrue largely to a small elite, even limited regulatory achievements are under attack, and right-wing populism is threatening democracy in high-income countries, while many low-income countries still struggle from war and poverty. What did societies and politicians learn from the crash? What have been theoretical achievements in orthodox and heterodox economic thinking since then? Where do we go from here?
The submission of papers in the following areas is particularly encouraged:
- History and development of financial and economic crises
- Stability and regulation of the global financial system
- Financial crises, inequality and populism
- Political economy of financial crises
- Impact of monetary and fiscal policies in crises
- Stagnation and growth
- Ecological aspects of crises and recovery
For the open part of the conference, submissions on the general subject of the Forum for Macroeconomics and Macroeconomic Policies are encouraged as well. We particularly welcome submissions of papers for graduate student sessions. Graduate students who already presented a paper in previous FMM conferences should submit to the regular sessions to improve chances for newcomers. There will also be a day of introductory lectures for graduate students prior to the opening panel on 25 October. Hotel costs will be covered for graduate student presenters (max. four nights from 25 to 27 October).
Proposals have to be submitted electronically via this web application. The deadline for paper proposals (abstract of max. 400 words) is 15 July 2018 [extended]. Proposals for organized sessions with abstracts of three or four papers are welcome and can also be submitted through the web application. Decisions will be made in early August and will be based on clarity, relevance and originality of abstracts outlining the research question, method and (preliminary) results. In case of acceptance, full papers, including an abstract of max. 200 words are due by 25 September and will be posted here. Selected papers will be published after the conference in a special Papers & Proceedings issue of the FMM’s peer reviewed European Journal of Economics and Economic Policies: Intervention (EJEEP). The conference language is English.
Registration details for the conference and the introductory lectures will be available here by mid-August. Please note that registration is a separate step from acceptance of papers.