skip to content

The Cambridge-INET Institute - continuing as the Janeway Institute


Aggregate Demand, the Labor Market and Macroeconomic Policy Conference

In the aftermath of the recent financial crisis a number of policy issues have been brought at the center stage of both policy debates and academic research. This conference aims to bring together some of the recent papers on the topics listed:

  • The interactions between aggregate demand and the labor market; jobless recoveries; and the macroeconomic implications of long-term unemployment.
  • Macroeconomic policies in times of a crisis; debt consolidation; and sovereign risk.
  • Fiscal and monetary policy in a liquidity trap; macroeconomic implications of low real interest rates.
  • Asset prices and their interactions with aggregate economic activity, labor markets and policy.

    See full Call for Papers

Organised by: Giancarlo Corsetti (University of Cambridge, CFM and CEPR); Greg Kaplan (Princeton University and NBER); Pontus Rendahl (University of Cambridge, CFM and CEPR).

Sponsors: Cambridge-INET, University of Cambridge and Centre for Macroeconomics

Venue: Corpus Christi College, Cambridge

Event Date: Thursday 4th September 2014 - Friday 5th September 2014

Time: 09:00am - 06:00pm

See programme for full details

Slides and Papers:

"Fiscal Policy in an Unemployment Crisis" by Pontus Rendahl (Cambridge University) [paper] [slides]

"Precautionary Savings and Aggregate Demand" by Edouard Challe (Ecole Polytechnique), Julien Matheron (Banque de France), Xavier Ragot (Paris School of Economics) and Juan F. Rubio-Ramirez (Duke University) [slides]

"Uncertainty Traps" by Pablo Fajgelbaum (UCLA), Edouard Schaal (NYU) and Mathieu Taschereau-Dumouchel (Wharton) [paper] [slides]

"The Limited Role of Aggregate Demand Policy in Restoring Output to Its Pre-Crisis Path” by Robert Hall (Stanford University) [paper] [slides]

“Aggregate Demand, Idle Time, and Unemployment” by Pascal Michaillat (London School of Economics) and Emmanuel Saez (Berkeley) [paper] [slides]

“Wealth and Volatility” by Jonathan Heathcote (Federal Reserve Bank of Minneapolis) and Fabrizio Perri (Federal Reserve Bank of Minneapolis) [slides]



Labour Markets

Macroeconomic Policy


Theme: transmission