C’est le titre de la conférence que j’ai donnée le 10 avril 2022 à l’Université des Savoirs Partagés de Villefranche-de-Rouergue. Les transparents sont ici et également ci-dessous. Merci à toute l’équipe de l’USP pour son accueil chaleureux.
I have presented “Does it Matter to Assume that U.S. Monetary Authorities Follow a Taylor Rule? (co-authored with Paul Beaudry and Andrew Preston):
Warning: this are the results of an anonymous Google poll. I have no control on who are the respondents and how representative they are. Responses were collected between April 24 and May 7, 2020.
I have now gathered 75 responses to the Google poll on next year Econ job market prospects.
Summary: Results are showing a pretty gloomy picture. Expectations are that job offers on the Econ job market will be reduced by more than 50% and that most of US/Canada and European universities will freeze hirings. One consequence: being able to go two years in a row on the market should be the new normal.
Hiring freeze ahead
First question shows that a bit less than 50% of respondents’ institution will freeze hires next year.
To wait or not to wait?
Respondents view on best strategy for candidates is pretty mixed, but most suggest to go to the market next year.
US/Canada in a bad shape, Rest of the world not doing much better
Respondents expect US/Canada universities not to hire, Europe and Rest of the world are not doing much better.
57% drop in hiring is expected
Expectations are a bit dispersed, but the median is at 50% reduction. I believe this is a much bigger drop than in other sectors.
The new normal: go two years in a row on the market
There is a clear consensus that job market candidates that will go twice in a row on the market should not be penalised.
Who and where? About half of respondents are faculty, most of the other ones are grad students. Most of the institutions are universities, a bit more than 50% are US/Canada based, most of the rest is European.
Q7 – Your university / institution is
| Alicante | Pennsylvania State University |
| American University | PUC |
| Bank of Spain | Rotman School of Management, U Toronto |
| Bard college | Stanford GSB |
| Boston University | The best |
| CEMFI | UCSB |
| Columbia University | Universidad Carlos III |
| Ecole polytechnique (Palaiseau, France) | University College London |
| Edinburgh | University of Basque Country |
| European University Institute | University of Mannheim |
| FRB St. Louis | University of Nottingham |
| George Washington University | University of Oxford |
| Georgetown University | University of Sheffield |
| IHEID | University of Southern California |
| Intl organization | University of Toronto |
| Johns Hopkins University | University of Wyoming |
| Middlebury College | UPF |
| Monash | UW – Madison |
| Montana State University | UW-Madison |
| Moo U | Virginia Military Institute |
I am very happy to be with Michèle Tertilt and Romain Wacziarg a keynote speaker at the ADRES doctoral conference that is organised by AMSE in Marseille (Special thanks to Frédéric Dufourt).
I will present my joint work with Paul Beaudry and Dana Galizia on business cycles.
To quote the organizers, “The conference aims at stimulating exchanges between young economists, such as PhD students and postdoctoral researchers, and experienced researchers to discuss scientific contributions and get in touch for future academic positions. The conference will include three plenary sessions with invited keynote speakers and about 40 contributed papers by PhD/Post-Doctoral students.“
More information can be found on the conference website.
Rien à ajouter au début de l’interview de Jean suite au coup de téléphone de la Fondation Nobel (je cite et traduis de mémoire): “je pense à ma famille, mes co-auteurs et mes étudiants.”.
BRAVO!
Florin Bilbiie (PSE) and myself are orgazing the 5th Joint French Macro Workshop. The workshop was be held at the Banque de France (espace conférence), 20 rue du Colonel Driant, 75001 Paris.
Applications from economists from all European institutions are welcomed in all fields of macroeconomics. Theoretical and empirical contributions are equally welcome.
Morten Ravn (University College London).
Potential presenters should submit their paper in electronic form (PDF format) to jointmacro@gmail.com by 25 October 2013. The authors of accepted papers will be notified by 6 November 2013.
A conference dinner is scheduled in the evening of 5 December. Travel and accommodation expenses will be covered.
The workshop is jointly organized by CREST/Polytechnique, the Paris School of Economics, SciencesPo and the Toulouse School of Economics; with the financial and logistic support of the Fondation Banque de France pour la recherche en économie.
On May 22, I attended a Banque de France-Bundesbank Workshop in Paris and discussed “The expectations-driven U.S. current account ” by Mathias Hoffmann (Deutsche Bundesbank), Michael U. Krause (Deutsche Bundesbank) and Thomas Laubach (Federal Reserve Board). Here is my discussion.
The program of the workshop is below.
Welcome address : Marc-Olivier Strauss-Khan (Banque de France)
The expectations-driven U.S. current account, Mathias Hoffmann (Deutsche Bundesbank), Michael Krause, and Thomas Laubach
Discussant: Franck Portier (TSE)
Global banking, global crisis? The role of the bank-balance sheet channel for the transmission of financial crises, Rüdiger Ahrend (OECD), Antoine Goujard
Discussant: Yannick Kalantzis (Banque de France)
Optimal monetary and prudential policies, Fabrice Collard, Harris Dellas, Behzad Diba, Olivier Loisel (CREST)
Discussant: Margarita Rubio (University of Nottingham)
Macroprudential policy and imbalances in the euro area, Michal Brzoza-Brzezina, Marcin Kolaza, Krzysztof Makarski
Discussant: Dominic Quint (Freie Universität Berlin)
Liquidity constraints, risk premia, and the macroeconomic effects of liquidity shocks, Ivan Jaccard (European Central Bank)
Discussant : Marija Vukotic (U. Warwick)
Risk channel of monetary policy, Oliver de Groot (Federal Reserve Board)
Discussant: Julien Matheron (Banque de France)
Inflation dynamics during the financial crisis, Simon Gilchrist, Raphael Schoenle, Jae Sim, Egon Zakrajsek
Discussant: Oscar Arce (Banco de Espana)
Organisers : Heinz Herrmann, Michael Krause, Hervé Le Bihan, Benoît Mojon
Please note that my new email adress is
franck<dot>portier<at>TSE-fr<dot>eu
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