National Bureau of Economic Research
NBER: ISoM, Budapest, June 17-18

Subject: ISoM, Budapest, June 17-18
From: Jeffrey_Frankel@harvard.edu
Date: Tue Nov 30 2004 - 16:34:22 EST


Dear IFM member,

We still have a couple of open paper slots for this year's International
Seminar on Macroeconomics (ISOM), so I am writing to solicit potential
authors. ISoM, as most of you know, is a conference held in June for the
last 27 years, in a different European city each year, sponsored by the
National Bureau of Economic Research. I am the American co-organizer, on
behalf of the NBER. In 2005, Chris Pissarides is the European
co-organizer of the program. The 2005 meeting will be held in Budapest,
June 17-18, where our local host will be the Central Bank of Hungary. The
NBER pays the transportation expenses of the US participants, under the
usual procedures. The papers are due May 24, 2005.

In recent years we have published the proceedings through the official
journal of the European Economic Association. We are now discontinuing
that arrangement. Instead, we will publish the papers in a volume, with
discussants’ comments. The volume will be a companion volume to the
highly successful NBER Macro Annual. The new arrangement begins with the
2004 papers, and will continue in 2005. As with the Macro Annual and most
NBER conferences, the papers undergo a review process with no definite
commitment to publish all of them. (The decision is made by the board of
six IsoM organizers, with some input -- not necessarily formal referee
reports -- from referees, who will normally include at least one of the
discussants.) But the heavy majority of presented papers are accepted and
published.

We define “macroeconomics” very broadly, perhaps even more broadly than
ISoM has done in the past, which was already broad. Many topics in
related fields such as labor economics, finance, and international trade
are welcome. There is a strong preference for empirical work. This need
not always mean econometrics. But the research should be strongly
motivated by real world questions and closely tied to real world facts and
data. Many of the best papers use a comparative analysis, for example
using data from European countries for a test that has originally arisen in
the context of the US economy. As we anticipate moving closer to the
format of the Macro Annual, we will be particularly partial to papers where
it is possible to convey the subject matter in two or three words. To
illustrate, some of the topics addressed by papers presented at IsoM 2004
-- in Rejkavik, Iceland -- were: “liquidity traps,” “balanced budget
rules,” “employment protection legislation,” “saving and cohabitation,” and
“European convergence.” Papers we are not especially interested in those
best described only as “another macro model.”

We would like to have at least one paper this year to bear some relevance
to Central Europe, addressing topics such as accession to EU or EMU, or
completing the transition to a capitalist economy. Thus we especially
encourage such proposals.

If you are interested, please send me a proposed topic. It can be as short
as one paragraph. If you might be interested but don't have time to think
about it until the semester is over, just tell me that now. I would be
happy to answer any questions.

Yours truly
JF