Announcement
The eighth edition of the Salento Macro Meetings will take place in Lecce, Italy on the 1st and 2nd of July 2025. The objective of this event is to bring distinguished researchers in Macroeconomics in the relaxed and fruitful atmosphere of Salento, the peninsula located in the southernmost region of Apulia, Italy.
We welcome submissions of theoretical or empirical papers addressing issues including:
- Monetary Policy in Closed and Open Economies
- Macro-Financial Risk
- Inflation and Expectations
- Firm Dynamics and the Macroeconomy
Submissions from members of under-represented groups in the profession are encouraged.
Invited speakers of this edition are:
- Javier Bianchi (Federal Reserve Bank of Minneapolis)
- Dimitri Vayanos (London School of Economics and CEPR)
- Mirko Wiederholt (LMU Munich and CEPR)
The organisers kindly acknowledge financial support from CEPREMAP, the SCOR Macroeconomic Risk Chair at PSE and the European Research Council (ERC). Limited funding for speakers and discussants is available upon request, with priority given to more junior participants.
The deadline for submission is Thursday 10 April 2025 is 23:59 BST.Â
Organisers:
Gaetano Gaballo (HEC Paris, CEPR)
Francesco Pappadà (Ca’ Foscari University of Venice, PSE)
Summary
The Salento Macro Meetings 2025, held on July 1st and 2nd at the Hotel Risorgimento in Lecce, Italy, brought together leading macroeconomists for two days of academic exchange in a relaxed, culturally rich setting. Organized by Gaetano Gaballo (HEC Paris, CEPR) and Francesco Pappadà (Ca’ Foscari & PSE), with financial support from CEPREMAP, the SCOR Macroeconomic Risk Chair, and the European Research Council, the event focused on contemporary issues in macroeconomic theory and policy. Topics included monetary policy in open and closed economies, macro-financial risk, inflation, expectations, and firm dynamics.
The workshop featured presentations from invited keynotes such as Dimitri Vayanos (LSE, CEPR), who spoke about New Keynesian models in the context of bond and currency markets; Javier Bianchi (Federal Reserve Bank of Minneapolis), who explored optimal monetary policy responses to tariffs; and Mirko Wiederholt (LMU Munich, CEPR), who presented research on the role of macroeconomic narratives.
The 2025 edition also issued a call for papers, inviting theoretical and empirical contributions on the above themes, with a special effort to encourage submissions from underrepresented groups. The application deadline was April 10, 2025. The call for papers received more than 180 high-quality submissions coming from researchers both in Academia and in Central Banks, mostly from Europe and the United States. The scientific committee selected seven papers, and invited a discussant for each speaker.
The full list of participants included: Javier Bianchi (Federal Reserve Bank of Minneapolis), Diego Bohorquez (Banca d’Italia), Nina Boyarchenko (FED New York, CEPR and CesIfo), Husnu Dalgic (University of Mannheim), Keshav Dogra (FED New York), Leonardo Elias (FED New York), Charles Engel (University of Wisconsin, NBER and CEPR), Joel Flynn (Yale University), Gaetano Gaballo (HEC Paris, CEPR), Mishel Ghassibe (CREI), Sylverie Herbert (Banque de France), Marek Ignaszak (Goethe University Frankfurt), Peter Karadi (European Central Bank, CEPR), Aicha Kharazi (University Of Exeter), Francesco Pappadà (Ca’ Foscari, PSE), Dimitris Vayanos (LSE, CEPR), Mirko Wiederholt (LMU Munich, CEPR) and Jasmine Xiao (University of Notre Dame).
Across the two days, sessions delved into a wide range of pressing topics. These included firm expectations and innovation-driven growth, economic trade-offs between income groups, the influence of measured beliefs on monetary non-neutrality, and the structure of corporate debt over global credit cycles. The papers presented at the Salento Macro Meetings 2025 also touched upon information diffusion, central bank communication strategies, asset purchases, and the role of heterogeneous beliefs in shaping market responses.
Overall, the Salento Macro Meetings 2025 provided an engaging and intimate platform for high-level discussions on macroeconomic policy and research, combining rigorous academic content with the scenic and historical charm of southern Italy.