Economics

Contact Us Department of Economics
Room 3014
Arts Building
Trinity College
Dublin 2
Ireland

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economics@tcd.ie

Workshops

IM-TCD regularly hosts workshops that bring together researchers, policymakers, and practitioners to explore key issues in international macroeconomics. These events provide a platform for sharing ideas, receiving feedback, and building connections within the global economics community.

Upcoming Workshop: International Macroeconomics and Finance

The Swiss National Bank and the IM-TCD at Trinity College Dublin are jointly organizing the first edition of the “Workshop on International Macroeconomics and Finance”. The event will bring together leading researchers from both academia and policy institutions to present and discuss cutting-edge research in international macro and finance.

The focus theme will be “Globalization and the economics of the external sector”. Globalization has intensified over the past few decades, making the interpretation of headline data increasingly complex. Factors such as the rise of intangible capital, shifts in financial intermediation, and deeper integration into global value chains have blurred the distinction between domestic and external sector data. This workshop seeks to tackle these challenges by leveraging granular data to offer fresh insights into key macroeconomic issues.

The workshop will take place in Zurich on Friday, November 14, 2025 (all day) with the welcome dinner on the evening of November 13.

The last session of the workshop will be a panel discussion on policy implications of recent research findings including those discussed at the workshop. Stefanie Curcuru (Fed Board), Kristin Forbes (MIT) and Philip Lane (ECB) are confirmed panelists.

Call for Papers

We welcome paper submissions that make use of micro-level data to address various themes in international macroeconomics and finance. These themes include, but are not limited to:

  • Capital flows
  • Financial linkages
  • Geoeconomic fragmentation
  • Exchange rates
  • Global imbalances
  • Measurement issues

The deadline for paper submissions is June 15, 2025. Please send completed papers to international-workshop@snb.ch. Authors of accepted papers will be notified by August 1. Travel funding may be available for academic presenters and discussants upon request.

JIMF Special Issue

The papers can be considered for inclusion in the Journal of International Money and Finance (JIMF) special issue titled “Globalization and the economics of the external sector”. The papers will be peer reviewed on an expedited basis. The special issue will be edited by Menzie Chinn, Agustín Bénétrix, and Pınar Yeşin.

Scientific Committee

  • Agustín Bénétrix (IM-TCD and Trinity College Dublin)
  • Menzie Chinn (University of Wisconsin-Madison, JIMF)
  • Benjamin Müller (Swiss National Bank)
  • Pınar Yeşin (Swiss National Bank)

Workshop Administration

Milena Kyburz (Swiss National Bank)

Women in Macro - IM-TCD Virtual Workshop

  • Date: 25 April 2025
  • Format: Virtual (via Zoom)
  • Organisers: Martyna Marczak (Trinity College Dublin and IM-TCD), Oana Peia (University College Dublin and ISWE), Vitaliia Yaremko (Trinity College Dublin and IM-TCD)

Programme

11:00-11:10: Opening Remarks

11:10-12:30: Session 1

"Climate Change, Adaptation, and Soverign Risk"- Sarah Duffy (University of Oxford)

Discussant: Enrico Mallucci (Central Bank of Ireland)

"When is Monetary Policy More Powerful?"- Dilan Aydin Yakut (Central Bank of Ireland) Co-authors: David Byrne and Robert Goodhead

Discussant: Jian Cao (Trinity College Dublin

12:30-12:40: Break

12:40-14:00 Session 2

"Gender Differences in Savings over the Life-Cycle: The Role of Financial Literarcy"- Maria Frech (Toulouse School of Economics) Co-authors: Marta Cota and Marta Morazzoni

Discussant: Annika Bacher (BI Norwegian Business School)

"Households Macroeconomic Beliefs: The Role of Education"- Jessica Piccolo (University of Padova) Co-authors: Alessia Russo, Eleonora Granziera and Efrem Gastelnuovo

Discussant: Rupal Kamdar (Indiana University, Bloomington)

14:00-15:00: Break

15:00-16:00 Keynote Lecture: Isabelle Mejean (Sciences Po)

16:00-16:10 Break

16:10-17:30 Session 3

"Human Capital Accumulation and the Long-Term Effects of Temporary Sectoral Shocks"- Ekaterina Gurkova (University of California, LA)

Discussant: Jonna Olsson (NHH Norwegian School of Economics)

"Foreign Currency Borrowing and Exporter Dynamics in Emerging Markets"- Chang Liu (Stony Brook University)

Discussant: Fernando Leibovici (Federak Reserve Bank of St Louis)

17:30-17:35:Closing Remarks

 

Fiscal Policy, Financial Sector Policy and Economic Growth

  • Date: 27 September 2024 
  • Venue: The Royal Irish Academy, 19 Dawson Street, Dublin 2, D02 HH58
  • Organisers: This conference is jointly organised by the ESRI and Trinity College Dublin in honour of Patrick Honohan's contributions to Irish economic policy.

Programme

8:45-9:15: Registration

9:15-9:30: Opening Remarks by Philip Lane (European Central Bank) and Patrick Guiry (RIA)

9:30-11:00: Session 1: Fiscal Policy

Paper: Barra Roantree (TCD)

Panel: Brian Nolan (Oxford), Niamh Moloney (LSE), John McHale (Galway)

Chair: Alan Barrett (ESRI)

11:00-11:30: Break

11:30-13:00: Session 2: Financial Sector Policy

Paper: Laura Boyd, Niall McGeever, Tara McIndoe-Calder and Fergal McCann (Central Bank of Ireland)

Panel: Kevin Cardiff, Sharon Donnery (Central Bank of Ireland), Karl Whelan (UCD)

Chair: Agustin Benetrix (TCD)

13:00-14:00: Lunch

14:00-15:30: Session 3: Growth Policy

Paper: "Hare or tortoise? Productivity and growth of Irish domestic firms"- Martina Lawless (ESRI and Department of Finance)

Panel: Kevin O'Rourke (Sciences Po), Seán Ó Riain (Maynooth), Frances Ruane (TCD and ESRI)

Chair: Rowena Pecchenino (Maynooth)

15:30-16:00: Remarks from John FitzGerald and closing by Patrick Honohan

 

International Capital Flows and Financial Globalisation

  • Date: 17 December 2020
  • Format: Virtual (via Zoom)
  • Organisers: Agustín S. Bénétrix (Trinity College Dublin, IM-TCD), Joseph Kopecky (Trinity College Dublin, IM-TCD), Davide Romelli (Trinity College Dublin, IM-TCD)

Programme

12:40L Zoom venue opens

12:55: Opening remarks: Agustín Bénétrix (IM-TCD)

Session 1: Chair: Joseph Kopecky (IM-TCD)

13:00- 14:00: “Global uncertainty and the dollar,” by Georgios Georgiadis (ECB), Gernot J. Müller (University of Tübingen and CEPR) and Ben Schumann (ECB)

Discussant: Alejandro Vicondoa (Pontificia Universidad Católica de Chile)

14:00- 15:00: “The Dollar and Corporate Borrowing Costs" Ralf R. Meisenzahl (Chicago FED), Friederike Niepmann (FRB) and Tim Schmidt-Eisenlohr (FRB)

Discussant: Lorena Keller (UPenn)

15:00- 15:30: Break (zoom breakout rooms)

Session 2: Chair: Davide Romelli (IM-TCD)

15:30- 16:30: "Capital Controls and Income Inequality" Zheng Liu (San Francisco Fed), Mark M. Spiegel (San Francisco Fed), Jingyi Zhang (Shanghai University of Finance and Economics)   

Discussant: Jorge Carrera (BCRA and UNLP)

16:30- 17:30: “Global Flight-to-Safety Shocks" Rashad Ahmed (USC)

Discussant: Katharina Bergant (IMF)

17:30-17:40: Concluding remarks

 

International Capital Flows and Exchange Rates

  • Date: 6 September 2019
  • Venue: TRiSS Seminar Room, 6th Floor, Arts Building, Trinity College Dublin
  • Organisers: Agustín S. Bénétrix (Trinity College Dublin, IM-TCD and Review of World Economics), Vahagn Galstyan (Central Bank of Ireland and IM-TCD), Maurizio Habib (European Central Bank), Martin Schmitz (European Central Bank), Laura Alfaro (Harvard University and Review of World Economics), Paul Bergin (University of California at Davis and Review of World Economics)

Programme

8:30-8:55: Registration and coffee break

8:55-9:00: Welcome by Agustín Bénétrix (IMTCD, Trinity College Dublin)

9:00-9:20: Opening Remarks: Vasileios Madouros (Central Bank of Ireland)

Chair: Livio Stracca (European Central Bank)

9:20-10:10: “Monetary policy spillovers, capital controls and exchange rate flexibility, and the financial channel of exchange rates”, Georgios Georgiadis (European Central Bank) and Feng Zhu (Bank for International Settlements)

Discussant: Olena Ogrokhinay (Lafayette College)

10:10-11:00: “When it Rains, it Drizzles: Capital Flows and Inflation Targeting”, Cesar M. Rodriguez (Portland State) and Olena Ogrokhina (Lafayette College)

Discussant: Fabrizio Venditti (European Central Bank)

11:0-11:20: Coffee break

Chair: Vahagn Galstyan (Central Bank of Ireland)

11:20-12:10: “Bank business models as a driver of cross-border activities”, Mary Everett (Central Bank of Ireland), Peter McQuade (Central Bank of Ireland) and Michael O'Grady (Central Bank of Ireland)

Discussant: Goetz von Peter (Bank for International Settlements)

12:10-13:00: “News, Sentiment and Capital Flows”, Kenza Benhima (Lausanne) and Rachel Cordonierx (Swiss National Bank)

Discussant: Michael Curran (Villanova)

13:00-15:30: Lunch (by invitation only.

Chair: Agustín Bénétrix (Trinity College Dublin, IM-TCD)

15:30-16:20: “Search for Yield in Large International Corporate Bonds: Investor Behavior and Firm Responses”, Charles W. Calomiris (Columbia Business School), Mauricio Larrain  (Universidad Catolica de Chile), Sergio L. Schmukler (World Bank) and Tomas Williams (George Washington University)

Discussant: Yi Huang (Graduate Institute Geneva)

16:20-16:40: Coffee break

16:40-17:30: “Global European banks and dollar (co-)dependence: how housing markets became internationally synchronized”, Torsten Ehlers (BIS), Mathias Hoffmann (The University of Zurich) and Alexander Raabe (Graduate Institute Geneva)

Discussant: Patrick Honohan (PIIE, IMTCD, Trinity College Dublin)

17:30-18:30: Keynote: Martín Uribe (Columbia University) "Exchange Rates and Uncovered Interest Differentials: The Role of Permanent Monetary Shocks".

20:15-22:45: Dinner (by invitation only)

 

International Macroeconomics and Capital Flows

  • Date: 19 & 20 June 2017

Programme

Monday 19 June 2017

8:30-8:50: Registration and coffee break

8:50-9:00: Welcome by Agustín Bénétrix and César Sosa-Padilla

International Banking

Chair: Agustín Bénétrix (Trinity College Dublin, IM-TCD)

9:00-10:00: “International Expansion and Riskiness of Banks,” by Ester Faia (Goethe University Frankfurt), Gianmarco Ottaviano (LSE) and Irene Sanchez Arjona (Catholic University, Milan)

Discussant: Mary Everett (Central Bank of Ireland)

10:00-11:00: “U.S. Monetary Policy and Fluctuations of International Bank Lending,” by Stefan Avdjiev (BIS) and Galina Hale (San Francisco Fed)

Discussant: Livio Stracca (European Central Bank)

11:00-11:30: Coffee break

Sovereign Debt

Chair: César Sosa-Padilla (University of Notre Dame)

11:30-12:30: “Optimal Austerity,” by Juan Carlos Conesa (Stony Brook), Timothy J. Kehoe (Minnesota and MN Fed) and Kim J. Ruhl (Penn State)

Discussant: Amanda Michaud (Indiana)

12:30-14:00: Lunch (Science Gallery)

14:00-15:00: “Non-Exclusivity Externality in Sovereign Bond Markets,” by Roberto Pancrazi (Warwick) and Luca Zavalloni (Warwick)

Discussant: Leonardo Martinez (IMF)

15:00-16:00: “Sovereign Cocos and the Reprofiling of Debt Payments,” by Juan Carlos Hatchondo (Indiana), Yasin Kursat Onder (Central Bank of Turkey), Leonardo Martinez (IMF) and Francisco Roch (IMF)

Discussant: Sewon Hur (Pittsburg)

16:30-17:00: Coffee break

17:00-18:00: Keynote (Swift Theatre, room 2041A) - Michael Devereux (UBC) “Monetary and Exchange Rate Policy with Endogenous Financial Constraints”  

19:00-21:00: Dinner (by invitation only)

 

Tuesday 20th June 2017

8:00-8:30: Coffee break

International Macro and Capital flows

Chair: Patrick Honohan (Trinity College Dublin, IM-TCD)

8:30-9:30: “Can Sticky Quantities Explain Exchange Rate Disconnect?,” by Doireann Fitzgerald (MN Fed), Yaniv Yedid-Levi (UBC) and Stefanie Haller (UCD)

Discussant: Michael Devereux (UBC)

9:30-10:30: “Downward Wage Rigidity and Wage Restraint,” by Martin Wolf (Bonn)

Discussant: Gabriel Fagan (Central Bank of Ireland)

10:30-11:00: Coffee break

11:00-12:00: "Fiscal Policy, Sovereign Risk, and Unemployment," Javier Bianchi (MN Fed), Pablo Ottonello (University of Michigan) and Ignacio Presno (Federal Reserve Board)

Discussant: Axelle Ferriere (EUI)

12:00-13:00: “Portfolio Inflows Trumping Banking Inflows: Alternative Facts?,” by Eugenio Cerutti (IMF) and Gee Hee Hong (IMF)

Discussant: Rhiannon Sowerbutts (Bank of England)

13:00-13:10: Closing remarks