Econdat Conference 2024
Bush House, Strand Campus, London
The availability of large novel data sources and advanced computational modelling techniques, coupled with the recent boom in generative artificial intelligence and large language models, have the potential to significantly transform economic research. Questions regarding the deployment and how to best exploit such technologies are gaining traction within academic and policy circles.
This conference brings together practitioners from varying backgrounds (economics, data science, statistics, computer science) to discuss such topics. It is the latest event of the ECONDAT Program jointly organised by the Bank of England (BoE), the European Central Bank (ECB), the Data Analytics for Finance and Macro Research Centre (DAFM) at King’s College London, and the Central Bank Research Association (CEBRA).
The ECONDAT consolidates wider efforts by multiple central banks and international organisations to create a community of researchers across a diverse set of fields and institutions (academic and non-academic). These interactions are targeted at fostering an environment that will spur cutting-edge research and tools of relevance to a community of academics, policymakers, and statistical agencies.
Agenda may be subject to changes.
Day 1
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8:15 - 8:45 |
Registration and Coffee |
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8:45 - 9:00 |
Opening remarks George Kapetanios (King's Business School) |
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9:00 - 10:30 |
Session 1: Nowcasting Chair: Aristeidis Raftapostolos (King's Business School) Multidimensional Dynamic Factor Models Filippo Pellegrino (Imperial College London) Discussant: Aristeidis Raftapostolos (King's Business School) Nowcasting with Signature Methods Samuel Cohen (University of Oxford) Discussant: Eurydice Fotopoulou (International Monetary Fund) |
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10:30 - 11:00 |
Coffee Break |
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11:00 - 12:30 |
Session 2: Central Bank communication Chair: Andreas Joseph (Bank of England) Navigating Uncertainty: An Examination of the Bank of England’s Mixed-Strategy Response to Brexit Arno Hantzsche Discussant: Kerstin Hotte (The Alan Turing Institute) Monetary Policy and Financial Markets: Evidence from Twitter Traffic Davide Romelli (Trinity College Dublin) Discussant: Seung Jung Lee (Federal Reserve Board) |
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12:30 - 13:30 |
Lunch |
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13:30 - 14:30 |
Keynote: Incorporating Micro Data into Macro Models using Pseudo VARs Gary Koop (University of Strathclyde) Chair: Daniele Massacci (King's Business School) |
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14:30 - 16:00 |
Session 3: News Chair: Seth Leonard (System2) Crash Narratives Dasol Kim (Office of Financial Research Treasury) Discussant: Nico Forteza (Bank of Spain) Can Media Narratives Predict House Price Movements? Firmin Ayivodji (University of Montreal) Discussant: Seth Leonard (System2) |
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16:00 - 16:30 |
Coffee Break |
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16:30 - 18:00 |
Session 4: Generative AI Chair: Livia Silva Paranhos (Bank of England) Bank Run, Interrupted: Modeling Deposit Withdrawals with Generative AI Sophia Kazinnik (Federal Reserve Bank of Richmond) Discussant: Caio Augusto Raduy Koslyk (Uppsala University, Sweden) Against Spurious Sparks – Dovelating Inflated AI Claims Patrick Altmeyer (TU Delft) Discussant: Arno Hantzsche |
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18:00 |
Drinks reception and poster session |
Day 2
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9:00 - 9:30 |
Registration and Coffee |
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9:30 - 11:00 |
Session 5: Forecasting and Central Bank information Chair: Anastasia Mantziou (The Alan Turing Institute) Fed Transparency and Policy Expectation Errors: A Text Analysis Approach Mark Vandergon (Federal Reserve Bank of New York) Discussant: Firmin Ayivodji (University of Montreal) Do Anecdotes Matter? Exploring the Beige Book through Textual Analysis from 1970 to 2023 Seung Jung Lee (Federal Reserve Board) Discussant: Anastasia Mantziou (The Alan Turing Institute) |
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11:00 - 11:15 |
Coffee Break |
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11:15 - 12:45 |
Session 6: Financial markets Chair: Nikoleta Anesti (Bank of England) Effects of Information Overload on Financial Markets: How Much Is Too Much? Ilknur Zer (Federal Reserve Board) Discussant: Nikoleta Anesti (Bank of England) Shifting the Yield Curve for Italian Banks Dario Ruzzi (Bank of Italy) Discussant: Ilknur Zer (Federal Reserve Bank) |
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12:45 - 13:00 |
Closing remarks Swati Dhingra (London School of Economics and External member of the Monetary Policy Committee, Bank of England) |
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13:00 - 14:00 |
Networking lunch |
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