The aim of this workshop is to bring together for the first time young and experienced researchers who are working on themes related to data-driven economic agent-based models (ABMs). ABMs are mathematical and computational models that explicitly represent the dynamics of units of a system, without imposing any ex-ante equilibrium constraint. ABMs have never existed …
This discussion will focus on the article The Crypto Banking System, which dives into the required foundations to build a financial system on top of decentralized finance (DeFi). The work illustrates through balance sheets how institutions would be interconnected, building on Zoltan Pozsar’s mapping of the Shadow Banking System (see here and here) We will …
WEBINAR REPLICATE REPLICATE: HOW YOU CAN TAKE PART SESSION 3: Replication in Quantitative Macroeconomics Macroeconomics differs from other fields in Economics in both the sources of data used and in the style of computation involved. In particular, data most often comes from reputable existing datasets, such as various IMF datasets, or those run by large …
This session covers Lecture 16: Foreign Exchange The lecture gives us a framework for reasoning about the foreign exchange dealer market in the context of a flexible-exchange-rate system. In typical money-view fashion, we look at foreign exchange market making through a lens of trading money for money, while pushing the trade of commodities and non-financial …
The Keynesian Economics Working Group is glad to announce a group meeting taking place at the Brazilian Keynesian Association conference (AKB). In this side event, professor Louis-Philippe Rochon (Laurentian University, Canada) will discuss with us what is the future of post-Keynesian economics. We will go through the history of post-Keynesian economics. Then, we will discuss …
YSI @ AKB 2022 | What is the future of post-Keynesian economics? Read More »
The Chamber of Labor Vienna, the Chamber of Labor Upper Austria, the Austrian Society for Pluralist Economics together with INET’s Young Scholars Initiative host the 11th Young Economists Conference on October 7th and 8th 2022, Vienna. YSI is preparing an exciting pre-conference program which will take place on October 6th, with workshops dedicated to scientific …
YSI Pre-conference Workshop @ 11th Young Economists Conference, Vienna Read More »
This is an event which will conclude our discussion of Stefano Ugolini's book "The Evolution of Central Banking". It will take a form of an one-hour Q&A session with professor Ugolini himself.
This session covers Lecture 17: Direct and Indirect Finance Until now, we haven't been talking as much about banks as intermediaries. The lecture will help us think about next week's Gurley and Shaw reading, which emphasizes indirect finance and intermediation. Mehrling tells a story about how the money market and capital market became intertwined, why …
Discussion — Lecture 17: Direct and Indirect Finance Read More »
YSI Africa Pre-Conference Mentorship Workshop at 15th Annual Meeting of the African Economic History Network (AEHN) Theme: North-South Relations and Pandemic Politics: Geopolitics or Scientific Responses to COVID-19? Botswana first alerted the world of the existence of a new COVID-19 variant. Shortly thereafter, South Africa followed suite providing more details on the distinctive features of …
Pre-conference Africa WG Workshop at the AEHN 15th Annual Meeting Read More »
WEBINAR REPLICATE REPLICATE: HOW YOU CAN TAKE PART SESSION 4: Advice and Information on Computational Reproductions: Students May Find Them Messier Than Expected Drawing on experience teaching and conducting replications this talk focuses on the most basic form of replication: the computational reproduction. This means simply trying to reproduce the numerical results of a previous …
S4: Advice and Information on Computational Reproductions Read More »
This session covers Reading 9: the first part of Chapter 5 of Money in a Theory of Finance by Gurley and Shaw (1960) Reinforcing some of what we learned in Lecture 17, Gurley and Shaw present a model that emphasizes funding over payments. "Primary debt" is any debt that directly funds a real investment—direct investment. …
The Keynesian Economics, Complexity Economics and Financial Stability Working Groups are glad to announce a new partnership with the Forum for Macroeconomics and Macroeconomics Policy. As part of this partnership, YSI will offer partial travel stipends to young scholars who will present at the 26th FMM Conference. The YSI stipend selection in mid-August (more details …
This is the first of five sessions on Charles P. Kindleberger's 1993 (1984) book A Financial History of Western Europe. From the Dust Jacket: Charles Kindleberger highlights the development of financial institutions to meet emerging needs, and the similarities and contrasts in the handling of financial problems such as transferring resources from one country to …
A Financial History of Western Europe | Part 1 — Money Read More »
This workshop is for anyone who wants to know more about the work of economists outside of academia, in particular working in the public sector. This workshop addresses the questions: • What do you do as a government economist?• What tools do you use?• Is there a place for alternative economics? It is open to …
Working as a Government Economist – What’s it like?! Read More »
SESSION 5: Student Replication Presentation by Franziska Strunz (PhD student at the Universität der Bundeswehr in Munich, DE) ARTICLE BEING REPLICATED:Auerbach and Gorodnichenko (2016) “Effect of Fiscal Shocks in a Globalized World”, published in the IMF Economic Review (available here: https://link.springer.com/article/10.1057/imfer.2015.15). Also: data series extended with data from 2014 to 2022. ABSTRACT:"Although theoretical models consistently …
S5: Student Replication on Fiscal Shocks in the Globalized World Read More »
This session covers Lecture 18: Forwards and Futures The lecture is somewhat of a sequel to Lecture 8, which talked about lining up the timings of cashflows and cash commitments. People can use forwards and futures to match up the time pattern of their cash inflows with their cash commitments. Our exploration of forward contracts …
Ft. Mariana Mazzucato, Joe Stiglitz, and Martin Guzmán Pre-conferenceMore information forthcoming Round table: What challenges do Latin American countries face in trying to apply economic development theories?2:30 pm to 4:30 pm, Buenos Aires timeSpeakers: Leopoldo Tornarolli (CEDLAS-UNLP), Florencia Kohon (MECON) and Estanislao Malic (CCC / UNQUI)Note: will be held in Spanish Conference: Strategies for economic …
Strategies for economic development in an uncertain global landscape Read More »
This YSI workshop will bring young scholars together to discuss new ways of thinking about epistemologies, methods and networks that we need for strategic delinking in Africa including debates on economic and monetary sovereignty as well as reparations. In Africa, debates around the idea of delinking date back to the early 1980s with the implementation …
African Economic and Monetary Sovereignty: How to Delink? Read More »
The Amsterdam Center for Law and Economics (ACLE) and the Young Scholar Initiative (YSI) welcome submissions from young talents carrying out high-quality interdisciplinary research in the fields of Law & Finance, broadly construed. The conference will take place on 27 and 28 October 2022 at the University of Amsterdam. We welcome a broad range of …
WEBINAR REPLICATE REPLICATE: HOW YOU CAN TAKE PART SESSION 6: Questionable research practices outside of the lab Social scientists are increasingly interested in questionable research practices and their role in producing false and misleading results. Many scientists are prescribing open practices (e.g., open data, prospective registration) as a way to restore the credibility of academic …
S6: Questionable research practices outside of the lab Read More »
YSI Community Call Whether you're brand new to the community or a long time YSI'er, the monthly community call is a chance to (re)connect with other members, and let yourself be inspired by your peers. *This month's alumni highlight: Aleksandar Stojanović *Aleksandar Stojanović is Assistant Professor of Practice in Economics at New York University Shanghai. …
October Community Call | Ft. Aleksandar Stojanović Read More »
This session covers Lecture 19: Interest Rate Swaps NOTE: Part 4 of this lecture is missing from Perry Mehrling's site and the YouTube playlist. Here's a direct link.Part 4: What is a Swap This week and next week's lectures describe two important building blocks for shadow banking: interest-rate swaps (this week) and credit default swaps …
This is the second of five sessions on Charles P. Kindleberger's 1993 (1984) book A Financial History of Western Europe. From the Dust Jacket: Charles Kindleberger highlights the development of financial institutions to meet emerging needs, and the similarities and contrasts in the handling of financial problems such as transferring resources from one country to …
A Financial History of Western Europe | Part 2 — Banking Read More »
Agent-based models (ABM) are a powerful and growing tool that can address the complexity of the economy. As this field grows, we see an increasing number of master and Ph.D. students using this tool in their research on a wide range of topics. This event will be a one-day workshop in which participants will present …
This session covers Reading 10: Excerpts from a 1952 report to the FOMC (parts one, two, and three) The document is the previously secret Fed report that Perry Mehrling mentions in Lecture 19. The Fed is figuring out how they want to run monetary policy after the Treasury-Fed accord of 1951. The report gives us …