Call for Proposals

Carnegie-Rochester-NYU Conference on Public Policy

Carnegie-Rochester-NYU Conference on Public Policy

CALL FOR PROPOSALS

“The Consequences of Transformative Technical Progress for the Macroeconomy”

November 10-11, 2017

The Carnegie-Rochester-NYU Conference on Public Policy is now soliciting papers for a conference on “The Consequences of Transformative Technical Progress for the Macroeconomy." The conference will be held at Carnegie Mellon University on November 10-11, 2017. The papers and comments are slated for publication in the July 2018 issue of the Journal of Monetary Economics.

We are today undergoing a wave of technical progress with the potential for widespread transformation of the way the economy works. Advances in computing power and networking technology, harnessed to Wi-Fi, the internet, and smart phone “apps” are disrupting conventional means of the production, distribution, and consumption of goods and services. Search, sharing, and immersive technologies are reshaping retailing, labor markets, manufacturing, financial markets, transportation, and travel. Recent advances in artificial intelligence portend far-reaching innovations in the future.

The conference seeks to explore the potential of such technologies to modify the behavior of the macroeconomy and the consequences of such modifications for public policy. Of interest are implications and potential consequences for the behavior of labor markets, talent sorting, and job search, for outsourcing and the nature of the firm, for investment in physical, intellectual, and human capital, for competition or monopolization in the provision of goods and services, for banking and finance, for healthcare, for income inequality, for education, for the business cycle, for long-run economic growth, for the relative shares of capital and labor, and for political economy.

More generally, how might the reduction of frictions such as asymmetric information, monitoring costs, and the provision of incentives in private contracts and in social insurance matter for the macroeconomy and public policy? What are the implications for the measurement of fundamental macro indicators such as employment, unemployment, capital, inflation, and productivity? What lessons, if any, can be learned for the present from comparative economic history about the adoption of previous waves of transformative technology, the adaptation of private and public institutions, and the role of politics and public policy in facilitating or inhibiting technical progress.

The editors invite detailed abstracts of no more than two pages describing the proposed research paper. (If a preliminary version of the paper is available, authors may include it with their abstract.) Proposals should be submitted electronically to Sue North, Editorial Assistant for the Journal of Monetary Economics, no later than Monday, April 10, 2017 at north@simon.rochester.edu.

The editors, in collaboration with the Carnegie-Rochester-NYU Advisory Board, will make the final selection of papers to be included in the Conference. Authors will be notified by Monday, May 1, 2017 if their paper has been selected. Authors will receive an honorarium of $2500 and be expected to present their paper at the Conference. The papers should represent original research not presented or published elsewhere. Since the papers are intended for publication, authors will not be able to publish or reprint the work elsewhere without the permission of the editors and publisher. Please note that the editors will contact authors only if their paper is accepted.