5th Workshop on Macroeconomic Dynamics: Theory and ApplicationsRome, 20 December 2006

The workshop was launched five years ago by a group of representatives of the main Italian universities, to bring together Italian-based researchers and their Italian colleagues working abroad.

The purpose is to offer participants, in particular junior economists, an opportunity to present and discuss research on modern dynamic macroeconomics and to encourage the creation of networks of economists working in closely related fields and topics, ideally for future joint research projects and collaborations. The list of participants included several talented economists from the most prestigious international and Italian universities.

Each of the twelve papers presented during the day illustrated, in different ways, the evolution of knowledge in economics. A wide range of topics was covered - from the application of dynamic general equilibrium methods to policy problems, to the attempt to model a new equilibrium notion based on the idea of limited commitment by the policymaker, to the quest for a new theory to account for the trends economic and demographic development.

All the papers made use of rigorous theory and careful empirical analysis, which is the best service the economics profession can offer to those who have ultimately to make policy decisions.

Organizing Committee

Guido Ascari (University of Pavia), Giorgio Bellettini (University of Bologna), Gianluca Femminis (University Cattolica of Milano), Francesco Lippi (University of Sassari), Marco Maffezzoli (Bocconi University), Alessandro Missale (University of Milano), Tommaso Monacelli (Bocconi University), Michele Santoni (University of Milano) and Alessandro Secchi (Bank of Italy).

Programme