International Monetary Fund

CALL FOR PAPERS

Housing, Stability, and the Macroeconomy: International Perspectives

November 14–15, 2013, Federal Reserve Bank of Dallas

The Great Recession interrupted a decade-long boom in real house prices in many advanced countries and emerging markets. In this post-crisis era, policy makers around the world face a delicate balancing act: an overhaul of the financial regulatory environment is needed to avoid excesses, and yet a rebound in the housing market would strengthen what has been an uncertain recovery so far. These developments have prompted a great deal of new research on housing and mortgage markets, macroeconomic models with housing credit channels, and macro-prudential regulation and macroeconomic stability.

To inform researchers and policymakers of these efforts and to foster future advances, the Federal Reserve Bank of Dallas, the IMF Research Department and the Journal of Money, Credit, and Banking are sponsoring a two-day conference to provide a venue for original theoretical and empirical studies on the macroeconomics of housing, broadly defined, focusing on the lessons learned from the crisis and outstanding issues that remain to be addressed. Possible topics include, but are not necessarily limited to, national and international, cross-country research on:

  • The macroeconomics of housing demand and supply (including house price dynamics, changing mortgage lending standards and the interaction of housing wealth with consumer spending).
  • Macroeconomic models with housing and lending standards or other financial frictions.
  • The implications of heterogeneous housing markets for monetary unions.
  • Tackling distressed housing markets, including the macroeconomics of addressing problem loans and bankruptcy.
  • Identifying policies that contributed to the recovery of the U.S. housing market, and may contribute to the eventual recovery of European housing markets.
  • The macroeconomic implications of housing policy and mortgage finance reforms.
  • Housing markets, financial stability and macro-prudential policy.
  • International capital flows, synchronization of housing cycles and housing markets.
  • Housing and long-run economic growth.

All of the papers presented at the conference will be considered for publication in a special issue of the Journal of Money, Credit, and Banking (JMCB). To ensure that the special issue provides a coherent record of the conference, we will ask authors to formally submit their papers to the JMCB upon being accepted on the program. The usual submission fee will be waived.

Submission of Papers

  • Complete or substantially complete manuscripts should be sent in PDF format to Mr. Hites Ahir at HAhir@imf.org no later than Friday, 14th June 2013.
  • Manuscripts submitted for this conference may not be under review at any other journal.
  • Papers will be selected by a scientific committee including the conference organizers, Rabah Arezki (IMF), Thorsten Beck (Tilburg University), Robert DeYoung (University of Kansas), John Duca (Federal Reserve Bank of Dallas), Prakash Loungani (IMF), and Anthony Murphy (Federal Reserve Bank of Dallas).
  • Authors of accepted papers will be notified by Friday, 9th August 2013.
  • Economy airfare and lodging expenses will be provided for presenting authors.
  • Early submissions and expressions of interest are welcome.

Event Details

  • Date of the conference: November 14–15, 2013
  • Place: Federal Reserve Bank of Dallas, Texas, USA
  • Deadline for submission: June 14, 2013

  • Conference Organizers: Rabah Arezki (IMF), Thorsten Beck (Tilburg University), Robert DeYoung (University of Kansas), John Duca (Federal Reserve Bank of Dallas), Prakash Loungani (IMF), and Anthony Murphy (Federal Reserve Bank of Dallas).

International Monetary Fund


REGISTRATION
To register, please visit Federal Reserve Bank of Dallas's web page here