As part of efforts to expand the network of academic and private-sector researchers examining how fiscal and monetary policy interacts with the financial sector, the Macrofinancial Modeling initiative (MFM) will host a summer session for early-career scholars June 12-15, 2016 on Cape Cod.
The four-day program will bring together up to 50 graduate students, postdoctoral researchers, and early-career economists to learn about the latest trends and tools in macro-financial modeling and policymaking in the financial and banking sectors.
Attendees will learn from economists drawn from academia, research departments at central banks, and other government agencies. As with all MFM events, the summer session will also provide ample opportunity for scholars to engage with monetary and fiscal policymakers directly, gaining valuable insight into the day-to-day challenges of financial oversight.
“Our program will focus not just on academic theories, but also on more practical aspects of macro-financial modeling,” says Andrew Lo, Charles E. and Susan T. Harris Professor of Finance at the MIT Sloan School of Management and co-director of the MFM initiative. “For instance, we’ll discuss critical evaluations of models currently being used by central banks and how they can be improved with feedback from leaders in the fields of macroeconomics, finance, and financial regulation.”
Investments in future scholars are important to the mission of the initiative and, more broadly, the Becker Friedman Institute as a whole. Such efforts ensure a robust network of experts working on the cutting edge of macro finance. That network is an invaluable asset to the students, researchers, central bankers and policymakers that draw from MFM for fresh thinking to tackle new macroeconomic challenges.
“One of the most valuable things we do with MFM is to support the work of young scholars that will one day be solving the next set of macroeconomic policy challenges including the role and impact of financial market oversight,” says Lars Peter Hansen, director of the Becker Friedman Institute and co-director of the MFM initiative. “This summer session gives us an extended opportunity to focus on bolstering the skillsets of fresh minds interested in macro-financial modeling.”