1st European Macrohistory Workshop

Event details

  • Friday | Friday, June 3 to Saturday | Saturday, June 4
  • 9:00 PM
  • University of Bonn, Bonn, Germany

The Macrohistory Lab at the University of Bonn and CEPR are organizing a “European Macrohistory Workshop” which will be held on June 3-4, 2016 in Bonn, Germany. The workshop aims to bring together economic historians and macroeconomists. The first day will be devoted to general topics in macroeconomics and financial history while the second day will focus on the central role of housing markets in shaping the dynamics of the macroeconomy. In particular, the objective of the workshop is to discuss new research on the evolution of housing markets and housing finance in Europe since the 19th century.

Call for papers



Conference venue: Universitätsclub Bonn, Konviktstrasse 9, Bonn (map)

Conference Program

Friday, June 3, 2016

Session 1: Financial Markets

Government-supported industries and financial crises in Emerging economies, 1880-1913

Rui Esteves (Oxford University)

Do changes in monetary policy induce bank risk taking? Evidence from an exogenous shock (pdf)
Narly Dwarkasing (Bonn University)

Session 2: Economic Policy

Bank of Japan’s monetary policy in the 1980s: A view perceived from archived and other materials (pdf)

Ryoji Koike (Bank of Japan) with Masanao Itoh (Bank of Japan) and Masato Shizume (Bank of Japan)

Impact of labor market reforms in Sweden in the interwar period
Erik Bengtsson (Lund University)
Keynote lecture and discussion

Real estate finance and systemic risk

Martin Hellwig (University of Bonn and Max Planck Institute for Research on Collective Goods)

Introduction by Carsten Burhop (University of Vienna)

Session 3: Public debt

English public debt in a comparative and theoretical perspective

Christophe Chamley (Boston University)

Session 4: Sovereign risk

200 years of sovereign haircuts (pdf)

Christoph Trebesch (University of Munich and CEPR) with Josefin Meyer (University of Munich and Sciences Po) and Carmen Reinhart (Harvard University, CEPR and NBER)

Sovereign debt guarantees and default: Lessons from the UK and Ireland, 1920-1938 (pdf)

Eoin McLaughlin (University of St. Andrews) with Nathan Foley-Fisher (Federal Reserve Board)

Guided city tour (starts at hotel, ends at dinner venue)
Dinner at “Bahnhöfchen Beuel“, Rheinaustr. 116, Bonn

Saturday, June 4, 2016

Session 5: Housing as Financial Asset

Heterogeneous capital and wealth inequality: Facts and consequences for optimal taxation of housing and land

Etienne Wasmer (Sciences Po and LIEPP) with Odran Bonnet, Pierre-Henri Bono, Guillaume Chapelle (all Sciences Po and LIEPP) and Alain Trannoy (Aix-Marseilles University, CNRS and EHESS)

As volatile as houses: Return predictability in international housing markets, 1870—2013
Katharina Knoll (University of Bonn)

Session 6: German housing markets

Phoenix from the ashes: Bombs, homes and unemployment in Germany, 1945-2011 (pdf)

Nikolaus Wolf (HU Berlin) with Paul Caruana Galizia (HU Berlin)

Fifty shades of state: Quantifying housing market regulations in Germany (pdf)

Konstantin Kholodilin (DIW)

Session 7: Housing markets and urbanization

500 years of rents in Western-Europe: A long-term view of the rental market (pdf)

Matthijs Korevaar (Maastricht University) and Thies Lindenthal (University of Cambridge), with Piet Eichholtz (Maastricht University)

The people next door: Housing market and segregation in Ottoman Edirne, 1734-1814 (pdf)

Coskun Tuncer (UCL) with Gürer Karadegikli (Middle East Technical University)


Conference ends