MACFINROBODS is the acronym for:

“Integrated Macro-Financial Modelling
for Robust Policy Design

In this project 11 European Universities collaborate with the European Commission’s Joint Research Centre in a consortium of experienced researchers in the field of macro- and financial economics, supported by an advisory board of influential academics of the highest worldwide reputation and policy makers at central banks and finance ministries.

The three-year project (2014-2017) is funded by the European Commission and brings together different lines of research to systematically develop new behavioural and institutional model building blocks, to integrate such features in policy-focused models and to make use of these models in a new framework for policy evaluation.

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During the global financial crisis and ensuing Great Recession, economists at policy-making institutions had little choice but to augment macroeconomic models with ad-hoc assumptions and adjustments in order to provide analysis and advice for policy makers. The MACFINROBODS consortium aims to move policy-focused macroeconomic modelling beyond this approach.

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Project Coordination

Project Coordinator: Cars Hommes (UvA)
Project manager: Karin Breen (UvA)


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Final MACFINROBODS Conference, followed by ECB Watchers Event

Goethe University - Frankfurt, Germany

4-6 April 2017

Final version of the program for the "Final MACFINROBODS Conference"and "The ECB and Its Watchers XVIII"available here

List of Participants for the Conference here

List of Participants for The ECB and Its Watchers XVIII here

„ECB and Its Watchers“ photos are published on the website of the Institute for Monetary and Financial Stability, please find the link to the website here

Presentation sheets
Keynote Talk: John B. Taylor (Stanford University) Central Bank Models: Lessons from the Past and Ideas for the Future

Robert Kollmann (ULB) Explaining International Business Cycle Synchronization

Cars Hommes (UvA) Behavioural & Experimental Macroeconomics: Some Recent Findings


Third Consortium Scientific Workshop

ITALY - Lake Como

17 and 18 November 2016

The third Workshop will be jointly organized by the Italian nodes: Universita Degli Studi di Pavia (Guido Ascari), Universita Catholica del sacro Cuore (Domenico Delli Gatti) and Joint Research Centre (Marco Ratto) on 17 and 18 November 2016 in Como,  Italy
Workshop venue:
Villa del Grumello
Via per Cernobbio, 1122100 Como, Italy

Keynote speakers are:

- Paul Beaudry (University of British Columbia and Oxford)

- Marco Del Negro (Federeal Reserve Bank of New York)

- Fabio Ghironi (University of Washington) 

The program of the Workshop is available here



Learning Conference

The Dutch Central Bank - Amsterdam, The Netherlands

6-8 September 2016

From 6-8 September the Amsterdam School of Economics organizes the Learning conference Expectations in Dynamic Macroeconomic Models. This conference focuses on the important role of expectations and learning for macroeconomic dynamics, macrofinancial interactions and monetary and fiscal policies.  For more information check the conference website here