Selected, excellent papers of the 5th HenU/INFER Workshop on Applied Macroeconomics (2019) will be considered for a special issue in Journal of International Money and Finance on "Monetary and Fiscal Fragility in the 2020s". Those papers will be subject to additional double blinded peer review.

Submission Process

Once your paper is accepted for presentation at the 5th HenU/INFER Workshop, you need to register for the conference. During the registration process, you will be asked if you want your paper to be considered for the JIMF special issue. If you do, you need to submit the final version of your paper by April 30th, 2019. This will give you time to include comments and suggestions received during the conference.

Please note: Registration will open in late december.

The special issue of the 4th HenU / INFER Workshop on Applied Macroeconomics will be published in Review of International Economics. Please submit the final version of your paper before August 1st, 2018 to Makraim El-Shagi via email - This email address is being protected from spambots. You need JavaScript enabled to view it. (for authors of presented papers only).

The special issue of the 3rd HenU / INFER Workshop on Applied Macroeconomics on "Current Issues in Applied Macroeconomics" will be published in Macroeconomic Dynamics.


The issue will include the following papers:

  1. Jerbashian, V.: Intellectual Property and Product Market Competition Regulations in a Model with Two R&D Performing Sectors
  2. Ho, T.-K. / Lin, Y.-C. / Yeh, K.-C.: Alternative Monetary Policies under Keynesian Animal Spirits
  3. Steiner, A.: Monetary Policy - When the Zero Lower Bound Is Within Reach: A Smooth Transition Regression Approach
  4. Fidrmuc, J. / Degler, M.: Temporal and Spatial Dependence of Interregional Risk Sharing: Evidence from Russia
  5. Tochkov, K.: Regional convergence in large emerging economies: A distribution dynamics approach
  6. Sarlin, P. / von Schweinitz, G.: Optimizing policymakers' loss functions in crisis prediction: before, within or after?
  7. Balima, H. W. / Combes, J.-L. / Minea, A.: The “Dark Side” of Credit Default Swaps Initiation: A Close Look at Sovereign Debt Crises
  8. Swofford, J. / Hjertstrand, P. / Whitney, G. A.: Index Numbers and Revealed Preference Rankings
  9. Bussiere, M. / Karadimitropoulou, A. / León-Ledesma, M.A.: Current Account Dynamics and the Real Exchange Rate: Disentangling the Evidence
  10. Bournakis, I. / Mallick, S.: Do Corporate Taxes harm economic performance? Explaining distortions in R&D- and Export-Intensive UK Firms
  11. Marakbi, R. / Turcu, C. / Villieu, P.: Institutions’ Impact on the Corruption-Growth Nexus: Nonlinearities and Transmission Channels
  12. El-Shagi, M.: When Does Monetary Measurement Matter (Most)?


Selected papers from the 2nd HenU / INFER Workshop on Applied Macroeconomics were published in Economic Modelling in Volume 67 (December 2017) and Volume 68 (January 2018):


Volume 67, December 2017

Popescu, Alexandra / Turcu, Camelia: Sovereign debt and systemic risk in the eurozone: A macroeconomic perspective, pp 275-284

Kapounek, Svatopluk / Kučerová, Zuzana / Fidrmuc Jarko: Lending conditions in EU: The role of credit demand and supply, in: Economic Modelling, pp 285-293

Siliverstovs, Boriss: Dissecting models' forecasting performance, pp 294-299

Belke, Ansgar / Gros, Daniel: Optimal adjustment paths in a monetary union, pp 338-345

Zhang, Heng-Guo / Su, Chi-Wei / Song, Yan / Qiu, Shuqi / Xiao, Ran / Su, Fei: Calculating Value-at-Risk for high-dimensional time series using a nonlinear random mapping model, pp 355-367


Volume 68, January 2018

Diallo, Boubacar: Bank efficiency and industry growth during financial crises, Economic Modelling, pp 11-22

Klingelhöfer, Jan / Rongrong, Sun: China's regime-switching monetary policy, pp 32-40

Mezei, József / Sarlin, Peter: RiskRank: Measuring interconnected risk, in: Economic Modelling, pp 41-50

Lauretta, Eliana: The hidden soul of financial innovation: An agent-based modelling of home mortgage securitization and the finance-growth nexus, pp 51-73

Abberger, Klaus / Graff, Michael / Siliverstovs, Boriss / Sturm, Jan-Egbert: Using rule-based updating procedures to improve the performance of composite indicators, pp 127-144