The Federal Reserve Bank of Richmond and the Kiel Institute for the World Economy, as part of the Ensuring Economic and Employment Stability network, organized a conference on new developments in macroeconomics and labor economics. The conference was held at the Federal Reserve Bank of Richmond on October 2-3, 2014. Approximately 10 papers were selected for presentation. John Haltiwanger (University of Maryland), Giuseppe Moscarini (Yale University), Harald Uhlig (University of Chicago) and Carl Walsh (UC Santa Cruz) delivered plenary talks.
The conference aims to bring together high-quality research that is at the intersection of labor economics and macroeconomics. Among the areas of interest are:
1. Persistent long-term unemployment and its implications for monetary and fiscal policy
2. Changes in labor force participation: trends and cycles
3. Employment outcomes and earnings inequality over the medium and long run
Researchers with an interest in labor market economics
"The Costs of Job Displacement Over the Business Cycle and Its Sources: Evidence From Germany," Johannes Schmieder (Boston University), Till von Wachter (University of California, Los Angeles) and Stefan Bender (Institute for Employment Research)
"What Shifts the Beveridge Curve? Recruitment Effort and Financial Shocks," Alessandro Gavazza (London School of Economics), Simon Mongey (New York University) and Gianluca Violante (New York University)