Applied macro conference tackles defense spending and energy shocks

Deputy Governor Chiara Scotti opens the two-day event at the Centro Convegni Carlo Azeglio Ciampi in Rome.

Keynote addresses feature Christiane Baumeister from the University of Notre Dame and Francesco Zanetti from the University of Oxford.

The agenda spans eight distinct sessions, beginning with research on war consequences, measurement delays in government spending, and macroeconomic trade-offs in defense build-ups.

Subsequent panels evaluate energy transition dynamics, commodity price predictions using large language models, and high-frequency fiscal transmission.

Additional sessions address trade barriers, corporate investment, and the speed of market responses to monetary announcements.

The conference is supported jointly by the Bank of Canada, Banca d'Italia, and the Centre for Advanced Study at the Norwegian Academy of Science and Letters through its Energy Transition initiative.

The scientific committee comprises researchers from CAMP at BI Norwegian Business School, the Bank of Canada, and Banca d'Italia.

The lineup highlights heavy institutional collaboration across central banks, including research presentations by staff from the Federal Reserve Board, the European Central Bank, Banque de France, Sveriges Riksbank, Norges Bank, and the IMF.