Selected, excellent papers of the HenU/INFER Workshop 5.5 (to be held on November 5th and 6th) will be considered for a special issue in China Economic Review. Those papers will be subject to additional double blinded peer review.

Authors of accepted papers need to decide during the conference registration if they want their paper to be considered for the special issue.The paper needs to be ready for submission one month after the conference takes place, to be able to revise the paper according to comments and suggestions received during the conference.

Selected, excellent papers of the 5th HenU/INFER Workshop on Applied Macroeconomics (2019) have been published in a special issue in Journal of International Money and Finance on "Monetary and Fiscal Fragility in the 2020s". 


Keynote Lecture

Altermatt, Lukas / Wasaki, Koheil / Wright, Randall: Asset Pricing in Monetary Economies, Journal of International Money and Finance, Vol. 115, July 2021, 102352, July 2021, 102352


Selected Papers

Chen, Qiuyu / Feng, Ling / Li, Zhiyuan / Ling, Qing-Yi: Housing prices and trade surpluses in China: An inter-temporal approach, Journal of International Money and Finance, Vol. 110, February 2021, 102284

Benchimol, Jonathan / Ivashchenko, Sergey: Switching volatility in a nonlinear open economyJournal of International Money and Finance, Vol. 110, February 2021, 102287

Levieuge, Grégory / Lucotte, Yannick / Pradines-Jobet, Florian: The cost of banking crises: Does the policy framework matter?, Journal of International Money and Finance, Vol. 110, February 2021, 102290 

Rho, Caterina / Saenz, Manrique: Financial stress and the probability of sovereign default, Journal of International Money and Finance, Vol. 110, February 2021, 102305

Harkmann, Kersti / Staehr, Karsten: Current account drivers and exchange rate regimes in Central and Eastern Europe, Journal of International Money and Finance, Vol. 110, February 2021, 102286

Sheng, Xuguang Simon / Sukaj, Rubena: Identifying External Debt Shocks in Low- and Middle-Income Countries, Journal of International Money and Finance, Vol. 110, February 2021, 102283

Bhattarai, Keshab / Mallick, Sushanta K. / Yang, Bo: Identifying external debt shocks in low- and middle-income countries, Journal of International Money and Finance, Vol. 110, February 2021, 102283

Gu, Xinhua / Tam, Pui Sun / Kwok Lei, Chun Chang, Xiao: The effects of inequality in the 1997–98 Asian crisis and the 2008–09 global tsunami: The case of five Asian economies, Journal of International Money and Finance, Vol. 110, February 2021, 102306

Jin, Hao / Xiong, Chen: Fiscal stress and monetary policy stance in oil-exporting countries, Journal of International Money and Finance, Vol. 111, March 2021, 102302

Lin, Mucai / Niu, Linlin: Echo over the great wall: Spillover effects of QE announcements on Chinese yield curve, Journal of International Money and Finance, Vol. 111, March 2021, 102294

El-Shagi, Makram / von Schweinitz / Gregor: Fiscal Policy and fiscal fragility: Empirical evidence from the OECD, Journal of International Money and Finance, Vol. 115, July 2021, 102292 102292 

The special issue of the 4th HenU / INFER Workshop on Applied Macroeconomics will be published in Review of International Economics.


The issue will include the following papers:

1. Benassy-Quere, Agnes / Bussiere, Matthieu / Wibaux, Pauline: Trade and Currency Weapons - Online Appendix

2. Carpio, Ronaldo / Meixin, Guo: Bayesian Estimation on Currency Union Effect - Online Appendix

3. Lien, Jaimie W. / Lu, Lin / Zheng, Jie: A General Equilibrium Model of International Trade with Social Comparisons - Online Appendix

4. Gu, Xinhua / Lei, Chun Kwok / Sheng, Li / Zhao, Qinbing: Global current account imbalances and the link between income and consumption inequality

5. Belke, Ansgar / Domnick, Clemens: Trade and capital flows: substitutes or complements? - Online Appendix

6. El-Shagi, Makram / Yamarik, Steven: The Political Economy of Capital Controls

7. Joyce, Joseph: The Sources of Investment Income on Emerging Market Economies - Online Appendix

8. Tochkov, Kiril: Regional Real Exchange Rates and Economic Growth: Evidence from Russia

9. Ho, Tai-kuang / Lin, Ya-Chi / Yeh, Kuo-Chun: The Case of Starting a New Exchange Rate after Debt Settlement: Reexamining Alternatives to Argentina´s Exchange Rate Policy in 2001-2 - Online Appendix

10. Frohm, Erik / Gunnella, Vanessa: Spillovers in Global Production Networks - Online Appendix

11. Murach, Michael / Wagner, Helmut: The effects of external shocks on the business cycle in China: A structural change perspective - Online Appendix

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