2nd HenU/INFER Workshop on Applied Macroeconomics (2016)
2nd HenU / INFER Workshop on Applied Macroeconomics
18-19 March 2016, Henan (China)
jointly organized by
School of Economics of Henan University (HenU)
International Network for Economic Research (INFER)
Ever since the outbreak of the great financial crisis, economists have to face the question why our profession failed to foresee the crisis. Thus, our understanding of business cycles and our forecasting techniques have been subject to intense scrutiny, not only from outside the profession but mainly from inside. The consensus that emerged during the so called Great Moderation, that is now considered a brewing storm rather than a phase of prosperity, has crumbled. At the same time, with a potential structural break only a few years back, new challenges arose for the analysis and prediction of business cycle fluctuation. Therefore, it is more important than ever to work on the empirical understanding of the business cycle and to improve our toolbox for forecasting, in particular forecasting in ime of crisis and forecasting crisis.
On March 18th and 19th the School of Economics (HenU) and the International Network for Economic Research (INFER) devoted their second joint workshop on applied macroeconomics to these and related issues.