Global Spillovers and Economic Cycles

In an increasingly integrated global economy, assessing the propagation of shocks is becoming of major interest for the international economic cycles analysis. It is indeed challenging to evaluate the impact of certain types of shocks on global business cycles and to disentangle the various transmission channels, such as trade flows, financial linkages or confidence effects. This conference will focus on empirical and theoretical contributions providing an assessment of various spillover effects at a global level and new perspectives on structural analysis, forecasting and economic policy design and assessment. Possible topics include:

  • The evaluation of changing trade and financial linkages across countries 
  • The macroeconomic effects of swings in commodity prices
  • The cyclical relationships emerging-advanced countries
  • The integration of financial spillovers in global macro and econometric models
  • Theoretical and empirical analyses of the transmission of monetary and fiscal policy across countries

Ayhan Kose (IMF), Christopher Otrok (University of Missouri), Fabrizio Perri (Bocconi University and CEPR) and Lucrezia Reichlin (London Business School and CEPR) have already confirmed their participation, and we welcome further relevant submissions. Both theoretical and empirical papers are suited, and applications on the euro area are particularly welcome.

The deadline for replies is 9am GMT on Monday February 25, 2013. Authors who are not CEPR members can email their submission to Authors who are CEPR members can upload their submission on There you can indicate whether you will be able to cover your own travel costs, or whether you will require funding from CEPR. Guidelines on how to register online for CEPR Meetings can be found at Authors of successful submissions and accepted participants will be notified by early April 2013 at the latest.

The event is hosted by the Banque de France, and sponsored by the EABCN in collaboration with the Paris School of Economics and the Pierre Werner Chair Programme of the Robert Schuman Centre for Advanced Studies at the European University Institute. Limited funding is available for travel expenses for academic participants presenting or acting as discussants. Expenses will be reimbursed according to the standard CEPR travel guidelines (
Costs will not be covered for central bank participants. 


Philippe Bacchetta (University of Lausanne and CEPR)
Laurent Ferrara (Banque de France)
Jean Imbs (Paris School of Economics and CEPR)
Massimiliano Marcellino (European University Institute, Bocconi University and CEPR) 

Updated on: 05/03/2017 13:02