There has been a recent surge in research that explores how expectations and uncertainty impact financial markets and the macroeconomy. This virtual conference explored some of the latest research on modeling and measuring expectations and their resulting implications for economic dynamics. Researchers explored the role of memory, information acquisition, and uncertainty as contributing factors to forecasting and decision making in dynamic settings. This conference is a part of the Behavioral Implications of Uncertainty in Macroeconomics Project (BUMP) generously sponsored by the Alfred P. Sloan Foundation under the Macro Finance Research Program of the Becker Friedman Institute.

Presentations are 35 minutes followed by a 15-minute discussion and 10-minute Q&A.

Agenda

Thursday, June 25, 2020
11:50:00–12:00:00

Virtual Conference Room Opens

12:00:00–12:05:00

Welcoming Remarks

12:05:00–13:05:00

“Information Acquisition, Efficiency and Non-Fundamental Volatility”

13:05:00–13:25:00

Break

13:25:00–14:25:00

“Learning About Housing Cost: Survey Evidence from the German House Price Boom”

14:25:00–14:45:00

Break

14:45:00–15:45:00

“Uncertainty is More Than Risk: Survey Evidence on Knightian and Bayesian Firms”

Friday, June 26, 2020
11:50:00–12:00:00

Virtual Conference Room Opens

12:00:00–13:00:00

"Optimally Imprecise Memory and Biased Forecasts”

13:00:00–13:20:00

Break

14:20:00–14:40:00

Break

14:40:00–15:40:00

“Market Efficiency in the Age of Big Data”