The ISoM, which is held every year in Europe, is the opportunity for US and EU-based economists to get together and discuss recent work in a broad range of issues in Macroeconomics. Over two days, presenters and discussants exchanged views in the Grote Directievergaderzaal on such topics as the relationship between hours worked and productivity shocks, real-time monitoring of the global business cycle, the credibility of the ECB at its inception, the effects of fiscal policy on long-term rates in the presence of default risk, the difficulty of modelling Pigou cycles, the profitability of carry trades in recent times, and the effectiveness of fiscal policy when interest rates are very low.
NBER Annual International Seminar on Macroeconomics (ISoM)
On Friday 18th and Saturday 19th of June, DNB hosted the National Bureau for Economic Research's annual International Seminar on Macroeconomics (ISoM).
All in all, the conference was a success, and a number of participants expressed the wish to visit again. This promises a stream of excellent speakers in the years to come.