After the cancellation of the 2020 workshop due to the COVID-19 pandemic we are pleased to host the Third Behavioral Macroeconomics Workshop on July 7-8, 2021. The workshop take place in virtual form due to the ongoing travel restrictions.The workshop is open to the public and takes place via Zoom. To participate in the workshop, please register under the following links
Day 1 (July 7, 2021): https://uni-bamberg.zoom.us/meeting/register/tJ0kd-GvqzkvGtEM9RxAw4Lq_eDfFsG9XwLR
Day 2 (July 8, 2021): https://uni-bamberg.zoom.us/meeting/register/tJ0oce-hpj4jGd30lPURJ26Gfq1aXA3hAGq_
Program (all times are in CEST time)Day 1: Wednesday, July 7, 2021¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯13: 55 Opening Remarks
Session A - Expectations and Survey Data (Chair: Joep Lustenhouwer, Heidelberg University)14:00 – 14:40 Selection in Information Acquisition and Monetary Non-Neutrality
Hassan Afrouzi (Columbia University), Discussant: Zeno Enders (Heidelberg University)
14:40 – 15:20 Average Inflation Targeting and Household Expectations
Raphael Schoenle (Brandeis University), Discussant: Kostas Mavromatis (De Nederlandsche Bank)
15:20 – 16:00 Uncertainty, Expectation Dispersion, and the Reaction to News
Jonas Dovern (University of Erlangen-Nürnberg). Discussant: Wei Qian (Shanghai University of Finance and Economics)
Session B – Experiments (Chair: Tomasz Makarewicz, Bielefeld University)16:30 – 17:10 An Experimental Horse Race of Different Monetary Policy Regimes
Luba Petersen (Simon Fraser University), Discussant: Isabelle Salle (Bank of Canada)
17:10 – 17:50 The Role of the End Time in Experimental Asset Markets
Anita Kopanyi-Peuker (Radboud University). Discussant: Tomasz Makarewicz (Bielefeld University)
17:50 – 18:30 Intertemporal Prospect Theory
Matthias Weber (University of St. Gallen), Discussant: Özgür Gürerk (University of Erfurt)
Session C – Rational Inattention (Chair: Sven Schreiber, FU Berlin and IMK Düsseldorf)19:00 – 19:40 The Rational Inattention Framework: Recent Developments
Mirko Wiederholt (Sciences Po, Paris). Discussant: Michael Krause, Uni Köln
19:40 – 20:20 The Inattentive Consumer: Sentiment and Expectations
Rupal Kamdar (Indiana University, Bloomington), Discussant: Thomas Theobald, IMK
20:20 – 21:00 A Rational Theory of Limited Attention
Alexandre Kohlhas (IIES, Stockholm). Discussant: Jonas Löbbing, LMU München
Day 2: Thursday July 8, 2021¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯Session D - Expectations in Macroeconomic Models (Chair: Emanuel Gasteiger, TU Wien)14:00 – 14:40 Boundedly Rational Decision Making in Continuous-Time
Chandler Lester (University of Oregon). Discussant: Mike Shin (University of Sydney)
14:40 – 15:20 Heterogeneous Expectations and the Effective Lower Bound
Tolga Özden (U Amsterdam), Discussant: Jacek Suda (NBP and Warsaw School of Economics)
15:20 – 16:00 Stagnation and Fiscal Policy: A Nonlinear Analysis
Seppo Honkapohja (Aalto University), Discussant: Alex Grimaud (TU Wien)
Session E – COVID-19 and Economic Behavior (Chair: Christian Proaño, University of Bamberg)16:30 – 17:10 The Effects of Fiscal Policy on Households during the COVID-19 Pandemic: Evidence from Emerging Economies
Lena Dräger (University of Hannover), Discussant: Sebastian Gechert (IMK Düsseldorf)
17:10 – 17:50 How to Design Virus Containment Polices? A Joint Analysis of Economic and Epidemic Dynamics Under the COVID-19 Pandemic
Herbert Dawid (Bielefeld University), Discussant: Paola D’Orazio (University of Bochum)
17:50 – 18:30 Virus Dynamics with Behavioral Responses
Krishna Dasaratha (Yale University). Discussant: Florian Herold (University of Bamberg)
18:30 – 19:30 Closing Remarks and Informal Social Meeting
Time allocation: 25 minutes for paper presentations, 5 minutes for discussants, 10 minutes for general discussion.
Scientific CommitteeEmanuel Gasteiger (TU Wien), Joep Lustenhouwer (Heidelberg University), Tomasz Makarewicz (Bielefeld University), Christian R. Proaño (University of Bamberg), Sven Schreiber (FU Berlin and IMK Düsseldorf) and Frank Westerhoff (University of Bamberg)
Day 1 (July 7, 2021): https://uni-bamberg.zoom.us/meeting/register/tJ0kd-GvqzkvGtEM9RxAw4Lq_eDfFsG9XwLR
Day 2 (July 8, 2021): https://uni-bamberg.zoom.us/meeting/register/tJ0oce-hpj4jGd30lPURJ26Gfq1aXA3hAGq_
Program (all times are in CEST time)Day 1: Wednesday, July 7, 2021¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯13: 55 Opening Remarks
Session A - Expectations and Survey Data (Chair: Joep Lustenhouwer, Heidelberg University)14:00 – 14:40 Selection in Information Acquisition and Monetary Non-Neutrality
Hassan Afrouzi (Columbia University), Discussant: Zeno Enders (Heidelberg University)
14:40 – 15:20 Average Inflation Targeting and Household Expectations
Raphael Schoenle (Brandeis University), Discussant: Kostas Mavromatis (De Nederlandsche Bank)
15:20 – 16:00 Uncertainty, Expectation Dispersion, and the Reaction to News
Jonas Dovern (University of Erlangen-Nürnberg). Discussant: Wei Qian (Shanghai University of Finance and Economics)
Session B – Experiments (Chair: Tomasz Makarewicz, Bielefeld University)16:30 – 17:10 An Experimental Horse Race of Different Monetary Policy Regimes
Luba Petersen (Simon Fraser University), Discussant: Isabelle Salle (Bank of Canada)
17:10 – 17:50 The Role of the End Time in Experimental Asset Markets
Anita Kopanyi-Peuker (Radboud University). Discussant: Tomasz Makarewicz (Bielefeld University)
17:50 – 18:30 Intertemporal Prospect Theory
Matthias Weber (University of St. Gallen), Discussant: Özgür Gürerk (University of Erfurt)
Session C – Rational Inattention (Chair: Sven Schreiber, FU Berlin and IMK Düsseldorf)19:00 – 19:40 The Rational Inattention Framework: Recent Developments
Mirko Wiederholt (Sciences Po, Paris). Discussant: Michael Krause, Uni Köln
19:40 – 20:20 The Inattentive Consumer: Sentiment and Expectations
Rupal Kamdar (Indiana University, Bloomington), Discussant: Thomas Theobald, IMK
20:20 – 21:00 A Rational Theory of Limited Attention
Alexandre Kohlhas (IIES, Stockholm). Discussant: Jonas Löbbing, LMU München
Day 2: Thursday July 8, 2021¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯Session D - Expectations in Macroeconomic Models (Chair: Emanuel Gasteiger, TU Wien)14:00 – 14:40 Boundedly Rational Decision Making in Continuous-Time
Chandler Lester (University of Oregon). Discussant: Mike Shin (University of Sydney)
14:40 – 15:20 Heterogeneous Expectations and the Effective Lower Bound
Tolga Özden (U Amsterdam), Discussant: Jacek Suda (NBP and Warsaw School of Economics)
15:20 – 16:00 Stagnation and Fiscal Policy: A Nonlinear Analysis
Seppo Honkapohja (Aalto University), Discussant: Alex Grimaud (TU Wien)
Session E – COVID-19 and Economic Behavior (Chair: Christian Proaño, University of Bamberg)16:30 – 17:10 The Effects of Fiscal Policy on Households during the COVID-19 Pandemic: Evidence from Emerging Economies
Lena Dräger (University of Hannover), Discussant: Sebastian Gechert (IMK Düsseldorf)
17:10 – 17:50 How to Design Virus Containment Polices? A Joint Analysis of Economic and Epidemic Dynamics Under the COVID-19 Pandemic
Herbert Dawid (Bielefeld University), Discussant: Paola D’Orazio (University of Bochum)
17:50 – 18:30 Virus Dynamics with Behavioral Responses
Krishna Dasaratha (Yale University). Discussant: Florian Herold (University of Bamberg)
18:30 – 19:30 Closing Remarks and Informal Social Meeting
Time allocation: 25 minutes for paper presentations, 5 minutes for discussants, 10 minutes for general discussion.
Scientific CommitteeEmanuel Gasteiger (TU Wien), Joep Lustenhouwer (Heidelberg University), Tomasz Makarewicz (Bielefeld University), Christian R. Proaño (University of Bamberg), Sven Schreiber (FU Berlin and IMK Düsseldorf) and Frank Westerhoff (University of Bamberg)