Workshop: Theoretical and Experimental Macroeconomics
Dates: June 11-12, 2015
This is the sixth workshop to promote an active exchange and interaction of ideas and work on macroeconomic issues from behavioral, experimental, and/or theoretical approaches, and therefore seek a good mix of theory and experimental papers, jointly organized by Barcelona GSE and by BES Lab (Behavioral and Experimental Sciences Lab, before called LEEX) at Universitat Pompeu Fabra.
For over 30 years, macroeconomic models have had explicit micro foundations about the behavior of firms, consumers and government agencies, leading to closer ties between micro/game theorists and macro theorists. On the applied side, the assumptions and predictions of macroeconomic models have historically been tested using non-experimental field data as collected by government agencies. An alternative empirical approach attracting increased attention is to evaluate these models using controlled laboratory settings with human subjects, minimizing noisy and confounding factors present in field data. The experimental findings can be informative about questions like equilibrium selection or the efficacy of various government policies.
Some researchers are still skeptical whether macro experiments are possible. A recent survey on macro experiments can be found in "Macroeconomics: A Survey of Laboratory Research."
- Roger Guesnerie (Collège de France)
- Pradeep Dubey (Stony Brook University)
The Barcelona GSE Summer Forum is supported by the Severo Ochoa Research Program (SEV2011-0075) and BES Lab (Behavioral and Experimental Sciences Lab).