At the Third Research Conference of the Macroeconomic Modelling and Model Comparison Network (MMCN) more than 100 scientists discussed new developments of macroeconomic models and their impact on monetary and fiscal policy.

 

When and where in history can the first central banks be identified? In his IMFS Working Lunch, Ulrich Bindseil, European Central Bank, looked back at the origins of central banking and drew new conclusions.

 

The open platform for macroeconomic models continues to expand and now offers 128 models and further technical features. At www.macromodelbase.com researchers can share their codes and compare models.

 

With an Aachen penny of Charlemagne, Volker Wieland said thank you to Mario Draghi for having attended "The ECB and Its Watchers" so often during his time as President of the European Central Bank. Current  monetary policy issues also gave much to talk about at the 20th edition of the conference.