Sunday, April 3, 2011

IDEP's "Asset Prices, Credit and Macroeconomic Policies" Conference

Last week I had the pleasure of attending the conference "Asset Prices, Credit and Macroeconomic Policies" organized by the Institut D'Économie Publique (IDEP) in Marseilles. Presentation slides can be found here and articles here.

The remarkable feature of this conference was the broad presentation in just two days of the many challenges that macroeconomics research has been facing since the inset of the latest financial crisis. Researchers could offer some interesting insights, but many questions remain yet to be answered.

Attending the conference reinforced my impression that modern macroeconomics research continues to suffer from two serious problems: excessive aggregation and lack of integration with public choice theory. I hope to move my own research towards this direction in the future.

BTW, congratulations to the organizing committee for putting together such a great conference.

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