Research Workshop – 2026 Tenth “Continuing Education in Macroeconometrics” (CEM) Workshop 17–18 November 2026

The Continuing Education in Macroeconometrics (CEM) Workshop is an ongoing series. The tenth edition is co-organised with the Society for Nonlinear Dynamics and Econometrics (SNDE) and will be held on 17–18 November 2026 at the Reserve Bank of Australia’s Coombs Centre in Sydney, Australia.

Following the format of previous CEM workshops, the program will combine masterclass-style keynote presentations by leading researchers with contributed paper presentations and a policy panel.

Draft Program

Day 1 — Tuesday 17 November 2026

Time Program item
9:00–10:00 Masterclass 1
Geert Mesters (Federal Reserve Bank of New York)
Evaluating Macro Policy
10:00–10:20 Morning tea break
10:20–12:00 Regular Session 1: Monetary & Fiscal Policy Transmission
James Graham (University of Sydney)
Monetary Policy and the Homeownership Rate
Pratiti Chatterjee (University of Western Australia)
Can Demand Shocks For Treasuries Inform Us About Monetary Policy?
Ragnar Torvik (Norwegian University of Science and Technology)
Should Monetary and Fiscal Policy Pull in the Same Direction?
Ekaterina Shabalina (Reserve Bank of Australia)
Incomplete Markets and International Risk-Sharing
12:00–1:00 Lunch
1:00–2:30 Early Career Researcher Session (Short Presentations)
Gilliane De Gorostiza-Roudnitski (University of Sydney)
What does a Mixed-Frequency Multivariate Beveridge-Nelson Decomposition tell us about the Australian Output Gap?
Yun Young Gwak (Bank of Korea)
Production Networks and the Slope of the Phillips Curve
Apphia Jin (University of Western Australia)
U.S. Monetary Policy Spillovers and Sovereign Spreads: Long-Run Evidence Across Advanced and Emerging Economies
Changchen Ge (Monash University)
The Inflationary Impact of Government Spending Shocks: Do Funding Choices Matter?
Sydney Phiri (University of New South Wales)
Sign Based Classification, Noisy Data and Welfare Implications for Monetary Policy
Rani Setyodewanti (University of Sydney)
Estimating the Long-Run Trend Growth Rate with Multivariate Information
2:30–2:50 Afternoon tea break
2:50–4:30 Regular Session 2: VARs, Identification & Time-series Econometrics
Matthew Greenwood-Nimmo (University of Melbourne)
A Spatiotemporal Autoregressive Factor Model of the Global Business Cycle
Man Chon (Tommy) Iao (Reserve Bank of Australia)
Estimating Heterogeneous Economies with Micro Data
Lapo Bini (University of California San Diego)
The Macroeconomic Effects of Global Supply Chain Shocks
Alessio Volpicella (University of Pavia)
More on VARs and Local Projections Equivalence: Unit Roots and Multiple Instruments
4:30–4:45 Coffee break
4:45–5:45 Masterclass 2
Ana Maria Herrera
Local Projections for Nonlinear Models
5:45–6:15 Free time
6:15 Pre-dinner drinks
6:45 Dinner

Day 2 — Wednesday 18 November 2026

Time Program item
9:00–10:00 Masterclass 3
Domenico Giannone
Forecasting Macroeconomic Risk
10:00–10:20 Morning tea break
10:20–12:00 Regular Session 3: Business Cycles, Heterogeneity & Bayesian Methods
Suraj Kumar (Boston College)
Macroeconomics with Foundation Models: Forecasting, Identification, and Structural Scenario Analysis
Tatsuma Wada (Keio University)
Forecasting Structural Change Models Using Band Spectral Regression
Mengheng Li (University of Technology Sydney)
Uncertainty in Asia-Pacific Economies and a Bayesian Dynamic Hurdle Factor Approach to Zero-Inflated and Non-Negative Panels
Ben Zhe Wang (Macquarie University)
Disagreement over the Nature of Macroeconomic Shocks
12:00–1:00 Lunch
1:00–2:30 Policy Session (Short Presentations)
Martin McCarthy (Reserve Bank of Australia)
Macroeconomic Forecasts for Australia: Accuracy, Bias and Efficiency
Hamish Sullivan (Reserve Bank of Australia)
How Reliable are Real-time Estimates of Spare Capacity and Phillips Curve Forecasts in Australia?
Shayan Omidi (Reserve Bank of Australia)
Bridging the Gap – A Model of Labour Market Spare Capacity
Erlend Njølstad (Norges Bank)
The Immigration Consumption Gap
Anoushka Divekar (Reserve Bank of New Zealand)
Do Inflation Expectations and Capacity Pressures Alter the Transmission of Oil Supply Shocks in New Zealand?
Anthony Brassil (Reserve Bank of Australia)
How Do Drifting Expectations Affect Policy Trade-offs?
2:30–2:50 Afternoon tea break
2:50–4:05 Regular Session 4: Central Bank Communication & Transparency
Eric Tong (Bank of England)
Central bank communications that reach the public
Tara Sinclair (George Washington University)
When the Fed Reveals Its Hand: The SEP and Monetary Policy Surprises
Francesco Ravazzolo (BI Norwegian Business School)
When Topics Drive Central Bank Transparency
4:05–4:15 Coffee break
4:15–5:30 Policy Panel: The Role of Economic Research in Central Banking
Panellists: Hilde Bjørnland, Renée Fry-McKibbin, Prasanna Gai, Bruce Preston
Moderated by Claude Lopez

Organising Committee

Local hosts

  • James Morley (University of Sydney)
  • Matthew Read (Reserve Bank of Australia)
  • Benjamin Wong (Monash University)

SNDE organisers

  • Domenico Giannone (Johns Hopkins University)
  • Francesco Ravazzolo (Free University of Bozen-Bolzano & BI Norwegian Business School)

For further information, please contact james.morley@sydney.edu.au.

Sponsors

This workshop is supported by the Society for Nonlinear Dynamics and Econometrics (SNDE), the Reserve Bank of Australia (RBA), and the Centre for Applied Macroeconomic Analysis (CAMA).

For details on this and past CEM workshops, visit https://sites.google.com/site/macroeconometricsworkshop

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