BoL/NBP/CEBRA/CEPR conference on "Adjustments in and to an Uncertain World"


Meeting Code: 

A recent tendency to blame globalization, close borders, increase barriers for international commerce and factor movements produce many uncertainties and a need to adapt and adjust behavior. Events such as an increased concentration on domestic matters and engagement in trade wars by the US, the British decision to leave the European Union and an increase in global political and economic power by China, among others, call for a deeper understanding of how firms adjust their behavior within such an uncertain and evolving environment. By focusing on micro-level decisions as well as the major constraints and frictions, we hope to deepen our understanding and draw useful policy implications to adjust faster and more efficiently in the inherently frictional, quickly changing and uncertain world.

The conference topics include but, by no means, are limited to:

  • Firms adjustment margins in the face of large adverse shocks;
  • Trading firms' behavior in an increasingly uncertain environment with rising protectionism, bilateralism, sanctions and global re-shuffling;
  • The role of financial, institutional, informational, and other frictions in an uncertain environment;
  • Impact of financial innovations and technologies on firms? decisions;
  • The role of uncertainty and information processing capabilities by firms;
  • The role of policy to aid adjustment process


Keynote Speakers
Emmanuel Farhi, Harvard University and CEPR
Beata Javorcik, EBRD and University of Oxford and CEPR
Jennifer L'ao, Columbia University
Kalina Manova, University College London

Important dates:
Papers submission deadline: 1 May 2020 (6 p.m. GMT)
Contributors will be notified by: 5 June 2020
Registration open: 5 June 2020
Registration deadline: 22 June 2020

Accommodation expenses will be covered for participants in the programme. Participants are encouraged to fund their travel expenses from other sources as only limited funding is available. Where financial support is offered, this will be in accordance with CEPR's travel expenses guidelines.

How to apply
To respond, please visit: and indicate whether or not you wish to present a paper or would be willing to act as a discussant. The deadline for replies is 6 p.m. (GMT), Friday 1 May 2020. If you have any difficulties registering for this meeting, please contact Mariolina Ciccone, CEPR Events Officer at for assistance (with subject header "30031 - BoL/NBP/CEBRA/CEPR Conference 2020").

Conference website

Scientific Committee
Philippe Bacchetta (HEC Lausanne, Swiss Finance Institute and CEPR), Julian di Giovanni (Federal Reserve Bank of New York and CEBRA), Andrei A. Levchenko (University of Michigan and CEBRA), Pawel Kopiec (Narodowy Bank Polski), Krzysztof Makarski (Narodowy Bank Polski), Povilas Lastauskas (CEFER and Bank of Lithuania), Aurelija Proskute (Bank of Lithuania)

Local Organisers
Povilas Lastauskas (CEFER and Bank of Lithuania), Ingrida Petrauskiene (Bank of Lithuania), Aurelija Proskute (Bank of Lithuania)

Meeting Date: 
Thursday, September 24, 2020 to Friday, September 25, 2020

Meeting Venue: