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BoE, BHC, CEPR and CFM Workshop on
Finance, Investment and Productivity
Research Frontiers and Challenges for Policy
London, December 15-16, 2016
CALL FOR PAPERS
The global financial crisis has had a profound impact on output and productivity in advanced and emerging economies. In response, policymakers around the world have acted boldly with monetary policy, macro-prudential policy and regulation.
Weak productivity growth is of concern because productivity is often thought to be a key driver of long term living standards. This has led economists and policymakers to question what lies behind the weakness in productivity growth. Is productivity being held back by financial factors - such as the lack of long term finance for long term investment - or is productivity being held back by real economy factors, such as globalisation and demographics? The recent crisis has also spurred a reassessment of the relationship between the level (and type) of finance and growth. Could weak productivity growth owe in part to wasteful investment spending or an undersupply of financial services? How does the mix of early and late stage financing drive investment and productivity? This conference aims to bring together perspectives on these big questions, as they will provide important guidance for future policy actions.
The organisers welcome contributions on topics including, but not limited to:
- Finance and economic growth
- Finance, technology and productivity
- Drivers of weak productivity, including finance and the efficiency of the financial system
- The role of banking and venture capital in driving investment and growth
- Corporate ownership, governance and investment and productivity
- Productivity and the Great Recession
- Historical perspectives on finance, investment and productivity
- Household finance and ‘crowding out’ of corporate finance
- Measurement and methodology, including new sources of data to measure access to finance
Luigi Zingales, Stephen Cecchetti and Colin Mayer have agreed to participate in this workshop.
If you would like to submit a paper, please upload a draft with your reply form by visiting http://dev3.cepr.org/accounts/login.asp?NewURL=/accounts/config/accountconfig.asp. Please indicate if you are able to act as a discussant. You will also be asked to specify your funding requirements. If you do not have a profile, please send your submission to Chloe Smith at csmith@cepr.org.
The deadline for submissions is Friday 26 August 2016. We cannot accept submissions received after this date. Authors of accepted papers will be notified by 16 September 2016.
Organisers: Franklin Allen, Wouter den Haan, Jumana Saleheen, Steve Millard and Galen Sher.
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