5th Workshop on Financial Econometrics and Empirical Modeling of Financial Markets: New Challenges for Monetary Policy and Financial Markets 

Nowadays Central banks must navigate several challenges simultaneously, adapting their policies to address unforeseen crises, geopolitical turmoil, and long-term environmental issues. The role of central banks is expanding beyond traditional economic stabilization, requiring them to consider broader global risks and work in coordination with fiscal and regulatory authorities to ensure economic resilience in an ever-changing world. Monetary policy, as a flexible and adaptable tool, is essential in addressing the complex interplay of these critical factors. The different challenges have in common that monetary policy also needs to adjust and develop tools to accommodate the increasing uncertainty surrounding the future path of inflation and the real economy.

This workshop attempts to bring together researchers from different areas to address these challenges. We invite researchers to present their original work on related topics including, but not necessarily limited to, the following:  

• • Monetary policy in a high inflation environment

  • Change in monetary policy and financial market effects

  • Inflation expectation in a high inflation regime

  • Monetary policy transmission in times of uncertainty and the role of financial markets

  • Macroeconomic effects of uncertainty and geopolitical risk

  • Central bank communication and financial markets

  • Green central banking and green finance

  • Central Bank Digital Currency (CBDC)

  • Spillover effects in expectations and uncertainty

Date and Venue: 

The workshop will be held on October 16 and 17, 2025 at the FernUniversität in Hagen, Campus Berlin. The venue is the Berlin Campus of the FernUniversität in Hagen (Kurfürstendamm 21, D-10719 Berlin).

Program:

TBA

Organizing Committee: 

Robert L. Czudaj, Technical University of Freiberg (robert-lukas.czudaj@vwl.tu-freiberg.de)

Joscha Beckmann, University of Hagen and Kiel Institute for the World Economy (joscha.beckmann@fernuni-hagen.de) 

Paper Submission:

Abstracts of papers or preferably full papers should be submitted electronically by May 30, 2025 using Conference Maker. Authors will be notified by no later than July 4, 2025.

Registration Fee:

There is no participation fee. Dinner on the first evening and lunch on the second day will be covered. Accommodation will not be covered.

Special Issue:

Journal of Macroeconomics will publish a special issue on the topic New Challenges for Monetary Policy and Financial Markets with selected papers presented at the workshop. Papers should be submitted after the workshop via the journal's submission system and will undergo a usually review process handled by Neville Francis as Main Editor as well as Robert L. Czudaj and Joscha Beckmann as Guest Editors. Further details on the submission procedure will be provided during the workshop.

Call for Papers