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17th International Conference on Computing in Economics and Finance (CEF 2011)
Society for Computational Economics
Sponsored by the Federal Reserve Bank of San Francisco
June 29 through July 1, 2011
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Call for Papers
The 17th Annual Conference on Computing in Economics and Finance (CEF 2011) will take place at the Hilton Financial District in San Francisco, California from Wednesday, June 29 through Friday, July 1, 2011. The Federal Reserve Bank of San Francisco is a sponsor of the conference. The program will cover all areas dealing with the computational aspects (broadly defined) of economics, finance, and decision making. You are invited to submit a paper.
To submit a paper, you must select a topic area from list below which best describes the subject of your paper. Joint-authored papers should be submitted by the author who is planning to present the paper, and presenters will be limited to one paper each.
Plenary Speakers
Main topic areas
- Agent-based modeling
- Artifical/experimental markets
- Asset pricing and computational finance
- Dynamic games
- DSGE/business cycle modeling
- Economic dynamics development and growth
- Econophysics
- Finance and financial crises
- Fiscal policy
- Heterogeneous-agent modeling
- Inflation dynamics
- Learning and evolutionary economics
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- Macro Theory
- Market structure
- Monetary policy
- Monte Carlo methods
- Open-economy macro and international trade
- Optimal and robust control
- Optimization and solution methods
- Other
- Search and labor markets
- Time series econometrics and analysis
- Volatility modeling
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Completed manuscripts or extended abstracts can be submitted electronically via Conference Maker.
Deadlines
- Submissions must be received on or before February 22, 2011.
- Authors of accepted papers will be notified by March 15, 2011.
- Registration for accepted papers must be completed and paid by May 1, 2011.
- Final papers should be uploaded to Conference Maker by May 15, 2011.
Conference Location
Hilton San Francisco in Financial District
750 Kearny Street
San Francisco, CA 94108
Pre-Conference Workshops
Location: Federal Reserve Bank of San Francisco
Date: June 28, 2011
First Workshop: Computational Macroeconomics, Michel Juillard, Banque de France and CEPREMAP
Second Workshop: Software Carpentry, Dr, Gregory V. Wilson
Student Prizes
The SCE sponsors cash prizes for the best graduate student paper presented at the Conference. Details for eligibility and submission will be posted on the conference website.
Registration
Details concerning the conference, including instructions for registration and hotel reservation, etc., will be posted on the conference website as it becomes available. Please visit the website for updated information, or direct your questions via email.
Sponsors
Submissions
To submit a paper, you must select a topic area from list below which best describes the subject of your paper. Joint-authored papers should be submitted by the author who is planning to present the paper, and presenters will be limited to one paper each.
Main topic areas
- Agent-based modeling
- Artifical/experimental markets
- Asset pricing and computational finance
- Dynamic games
- DSGE/business cycle modeling
- Economic dynamics development and growth
- Econophysics
- Finance and financial crises
- Fiscal policy
- Heterogeneous-agent modeling
- Inflation dynamics
- Learning and evolutionary economics
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- Macro Theory
- Market structure
- Monetary policy
- Monte Carlo methods
- Open-economy macro and international trade
- Optimal and robust control
- Optimization and solution methods
- Other
- Search and labor markets
- Time series econometrics and analysis
- Volatility modeling
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Completed manuscripts or extended abstracts can be submitted electronically via Conference Maker.
Deadlines
- Submissions must be received on or before February 22, 2011.
- Authors of accepted papers will be notified by March 15, 2011.
- Registration for accepted papers must be completed and paid by May 1, 2011.
- Final papers should be uploaded to Conference Maker by May 15, 2011.
Pre-Conference Workshops: Dynare Workshop and Software Carpentry
Location: Federal Reserve Bank of San Francisco
Tuesday, June 28, 2011: Dynare Workshop
Introduction to Dynare, Michel Juillard, Banque de France and CEPREMAP
- General introduction
- Local approximation of DSGE models
- Introduction to estimation in Dynare
Bayesian estimation of small to large scaled DSGE models with Dynare. (Stéphane Adjemian)
The goal is to discuss some common problems and pitfalls related to the estimation of DSGE models.
- How to deal with Blanchard and Kahn and/or existence of the deterministic steady state when estimating a DSGE model?
- How to elicite ``good'' priors?
- How to compare marginal densities when the prior are improper due to BK conditions?
- How to compute the posterior mode when the likelihood is highly nonlinear?
- How to initialize a MCMC when the posterior mode is unknown?
- How to speed up estimation of DSGE models
Global sensitivity analysis and identification of DSGE models (Marco Ratto)
Introduction to methods of global sensitivity analysis and their application to Dynamic Stochastic General Equilibrium (DSGE) macroeconomic models.
- What is the stability region of a DSGE model? Which structural parameters mainly drive the instability or the indeterminacy of the model?
- Which structural parameters mainly drive the fit of GDP and which the fit of inflation? Is there any trade-off?
- What about the relationship between the reduced form of a forward looking model and the structural parameters?
- How to detect identifiable and non-identifiable parameters before starting an estimation?
- These questions often arise while analysing and estimating DSGE models and Global Sensitivity Analysis (GSA) can help us in answering these questions.
Workshop animators:
- Stépane Adjemian, Université du Maine and CEPREMAP, member of Dynare Team.
- Michel Juillard, Bank of France, member of Dynare Team.
- Marco Ratto, Joint Research Center, European Commission, member of Dynare Team.
Dr. Michel Juillard obtained his PhD in 1988 from the University of Geneva, Switzerland. He taught for several years at the University of Paris 8 and currently works as an advisor to the Bank of France. He is also a researcher at CEPREMAP where Dynare was built and is currently maintained. He has been an active member of the Society for Computational Economics for many years and is also co--editor of the Journal Economic Dynamics and Control.
Tuesday, June 28, 2011: Software Carpentry, Dr, Gregory V. Wilson
Computers are as important to modern research as test tubes and telescopes, but most researchers do not use them as effectively as they could: creating programs of any size takes longer than it should, their quality and reliability are usually complete unknowns, using programs built by colleagues is painful when it's not impossible, and computational results are often not reproducible, even by their authors.
This workshop will introduce participants to its key elements, and present examples showing how they can apply those ideas to their research. Topics that will be covered include:
1. Recent empirical studies of real programs and programms that demonstrate which currently-fashionable ideas actually have a basis in fact, and which don't;
2. Using version control and embedded metadata to automatically track the programs and parameters used to produce specific published results;
3. Combining structured unit tests, continuous integration, and code review to assess how trustworthy software is;
4. The seven key concepts that underpin computational thinking (or, what you need to know in order to "think like the web");
5. What it is reasonable to expect researchers who are not computer scientists to know about software development and use, and how best to teach it to them.
Participants should bring laptops to the workshop.
Greg Wilson received his Ph.D. in Computer Science from the University of Edinburgh, and has worked in academia, industry, and open source on high-performance computing, data visualization, computer security, and agile software engineering tools. He has served on the editorial boards of "Doctor Dobb's Journal" and "Computing in Science and Engineering"; his most recent books include "Beautiful Code" (O'Reilly, 2007), "Making Software" (O'Reilly, 2010), and "The Architecture of Open Source Applications" (Pragmatic, upcoming). In 2010 ComputerWorld Canada named Greg the "IT Educator of the Year."
More Information:
The course
Three-minute description of on-line course
Survey of how scientists use computers
Why scientists need to learn these skills before tackling cloud computing, parallel programming, and other advanced topics
Program Committee
Chairs
Members
- Mikhail Anufriev, University of Amsterdam
- Roc Armenter, Federal Reserve Bank of Philadelphia
- Guido Ascari, Università degli Studi di Pavia
- Marcelle Chauvet, University of California Riverside
- Carl Chiarella, University of Technology, Sydney
- William Dupor, Ohio State University
- Martin Ellison, University of Oxford
- Chryssi Giannitsarou, University of Cambridge
- Marc Giannoni, Columbia University
- Michel Juillard, Bank of France
- Kenneth Kasa, Simon Fraser University
- Thomas Laubach, University of Frankfurt
- Jesper Linde, Federal Reserve Board
- Jeremy Piger, University of Oregon
- Michael Reiter, Institute for Advanced Studies
- Peter Rupert, University of California Santa Barbara
- Willi Semmler, The New School for Social Research
- Tara Sinclair, George Washington University
- Andrea Tambalotti, Federal Reserve Bank of New York
- Robert Tetlow, Federal Reserve Board
- Francesco Zanetti, Bank of England
Speakers
Plenary Speakers
Registration
A notice from the SCE: In order to preserve the integrity of our conferences, the Society for Computational Economics will record the names and contact information of conference registrants who fail to show up for presentations or who cancel at the last minute.
All presenters of papers must register by May 1 to be included in the conference program. After May 1 we will finalize sessions using papers for which we have received paid registration from the presenting author. Even if your paper was solicited by invitation of the Program Committee or otherwise initially accepted, it will not be confirmed in a session until the registration payment is received.
CLICK HERE TO REGISTER ONLINE
Conference Fee
The conference registration fee is US $365 until April 15, 2011. The registration fee will increase to US $450 beginning April 16, 2011.
Student Discount
The first 40 students who register to present a paper will receive a discounted rate of US $315, sponsored by the Journal of Applied Econometrics. Once the discounted spaces are filled, students will be subject to the standard registration fee.
The conference registration fee includes:
- Light refreshments on Tuesday afternoon during early registration
- Welcome reception at the Federal Reserve Bank of San Francisco on Wednesday evening
- Admission to all sessions
- Coffee breaks
- Conference materials, including program/abstract book and USB memory stick loaded with conference papers
- One-year membership to the Society for Computational Economics
Optional Lunch Package
An optional 3-day lunch package is offered by the hotel – US $75 for a luncheon buffet on Wednesday, Thursday and Friday. The San Francisco Hilton Financial District is conveniently located in the heart of the city between Chinatown and North Beach, both areas noted for the variety and quality of dining options. Availability for the buffet is limited and the package must be purchased in advance. Many small restaurants can be found within walking distance of the hotel to serve those who do not purchase the lunch package.
Conference Dinner – Thursday, June 30
The Conference Dinner on Thursday, June 30, is offered at an additional charge of US $90 for participants and guests. The banquet will be held at Neptune’s Palace on Pier 39 of San Francisco’s historic Fisherman’s Wharf. Every table at Neptune's Palace offers quintessential San Francisco Bay views, from the Golden Gate Bridge and Alcatraz Island to the Oakland Bay Bridge. We hope you will join us for an enjoyable evening including hors d’oeuvres, dinner and wine.
Pre Conference Workshops – Tuesday June 28
Two pre-conference workshops will be offered on Tuesday, June 28, at the Federal Reserve Bank of San Francisco. Descriptions can be found on the Workshops page of this website. The fee for either workshop is US $25* to cover the cost of lunch and refreshment breaks. The number of places in each workshop is limited, and the workshop spaces will be allocated on the following priority basis:
- Graduate students registered for the conference will be confirmed in the order received.
- Other conference registrants will be waitlisted until May 1, then confirmed on a space available basis.
- Individuals interested in attending a workshop but not registering for the conference will be waitlisted until May 1, and then offered a place should any remain available after conference registrants have been accommodated.
*Fees paid by those who are waitlisted and cannot be confirmed will be refunded in full on May 1.
Refund Policy for Registration Fees
- Cancellation before April 15 will incur a $100 cancellation fee
- Cancellation between April 16 and June 1 will incur a $200 cancellation fee
- Cancellation after June 1: No refund
Accessibility
We wish to make the conference events accessible to everyone. Please contact us by phone or email to request accommodation.
If you require any help with registration, please contact us:
CEF 2011
c/o Simple Meetings
PO Box 31623
Seattle, WA 98103
USA
Phone: +1 206 706 8118
Fax: +1 206 706 8476
Email: cef2011@simplemeetings.com
Special Rate Hotel Accommodations
Conference Site/Hotel Accommodations — Hilton San Francisco Financial District
All conference sessions will be held at the Hilton San Francisco Financial District making it the most convenient location for your accommodations with a conference rate of $166 per night (plus applicable taxes). A recent $55 million renovation means you will be in a state of the art facility for your guest accommodations and the conference sessions. The Hilton provides complimentary high-speed Internet in the sleeping rooms and in the public areas, access to a 24-hour business center, and guest rooms outfitted with oversized work desks, ergonomic chairs and laptop-size safes.
Welcome to San Francisco!
Located in the historic center of the city, the Hilton San Francisco Financial District sits at the crossroads of the Financial District, Chinatown, North Beach and Nob Hill. Within these bustling, culturally diverse surrounding neighborhoods you are just steps away from San Francisco's most popular attractions such as Alcatraz, Coit Tower, Lombard Street and the Golden Gate Bridge. For premium San Francisco shopping, catch a ride on San Francisco's historic Cable Cars to several retail therapy hot spots including Union Square, Embarcadero Center, Westfield Mall, Fisherman's Wharf, Ghirardelli Square and the Ferry Building. Soaring 27 stories over the "City by the Bay", the Hilton San Francisco Financial District offers stunning panoramic views and the perfect location for business and leisure travel.
Everything You Need — All in One Convenient Location
Other amenities include an award-winning full-service hotel day spa, Tru, located on the lobby level, as well as Chinese Culture Center located on the third floor where guest can take in an exhibition between conference sessions. Experience local wines from Sonoma and Napa Valley at the hotel's wine bar, Flyte, or catch a game and enjoy a savory meal in The Grille at Seven Fifty, featuring comfort food with a Northern California twist.
Reservation Information and Rates
Reservations can be made online at our personalized group page. You may also reserve accommodations by phoning the Hilton Reservation Department at 1-800-424-8292. Please identify yourself as an SCE attendee in June 2011 in order to obtain the conference rate of $166/night (plus applicable taxes). If you reserve through Hilton's website, you must enter "SCE" in the group code field in order to obtain the conference rate. The conference rate is valid from June 28 — 30, 2011, and is also available for the nights of June 25/26/27 and July 1/2/3 subject to availability at the time of your reservation request. The deadline for reserving a room is June 7, 2011.
Conference Venue and Visitor Information
Conference Venue and Hotel
Hilton San Francisco in Financial District
750 Kearny Street
San Francisco, CA 94108
Details on special conference rates and reservations.
Location of Pre-Conference Workshops (June 28) and Welcome Reception (June 29)
Federal Reserve Bank of San Francisco
101 Market Sreet (between Main and Spear Streets)
San Francisco, CA 94105-1579
(415) 974-2000
Neighborhood information
Please use the Bank's main entrance on Market Street.
Public parking is available in the garage at 123 Mission Street (entrance on Main Street between Mission and Howard Streets, around $26) and in surface lots at Main and Howard Streets (around $15). There are also several parking garages on Spear Street between Market and Howard Streets (around $20 and up).
The Bank is a nonsmoking building.
Airport Transportation
From San Francisco Airport
Travel time is approximately 25 minutes from SFO to the downtown area. Taxi fare from the airport to the downtown area is approximately $45.
The door-to-door Super Shuttle ($16) departs every 10 to 15 minutes, 24 hours a day, from the upper level median strip or courtesy island of the North, Central, and South terminals at SFO.
BART trains leave SFO every 15 minutes and take approximately 35 minutes to reach the downtown area. From the International Terminal, enter SFO-International BART station, which is located on level 3 of the International Terminal. From the Domestic Terminal, follow the signs across the overpass and take the SFO-AirTrain to SFO-International BART station. Once on BART, exit at Montgomery Street station. One-way BART fare from SFO to Montgomery is $8.10. The conference hotel and venue is a 10-15 minute walk from the BART station. Head north on Montgomery Street for 9 blocks until you reach Washington Street. Turn left on Washington and go 1 block to Kearny Street. The hotel is at 750 Kearny Street. Taxis from the BART station to the hotel are also available.
From Oakland Airport
From OAK, either take the AirBART shuttle (fare is $3) to the Colliseum BART station and take any San Francisco bound train to the Montgomery Street Station (fare is $3.85 plus $3 for AirBART), or take any shuttle from the airport to the hotel. Shuttle fare is approximately $30-$35.
Student Prizes
In conjunction with its 17th "Computing in Economics and Finance" conference, the Society for Computational Economics is pleased to announce its annual contest for outstanding graduate student papers.
We are soliciting student papers with a strong computational component, in any branch of economics, finance, and decision making, for the award of the SCE 2011 Student Prize.
The recipient(s) of the student prize will receive a cash award and will be invited to the conference, according to the rules below:
1. A paper is eligible for the prize if all its authors are either students at the time of the conference or have completed their Ph.D. not earlier than November 1, 2010.
2. Up to three finalists will be short-listed for the prize. The finalists will be invited to the conference and the conference banquet, with the conference and banquet fees waived. Their papers will be included in the conference program.
3. Finalists must present their papers at the conference and attend the award ceremony. Not doing so eliminates them ipso facto.
4. The student prize will be awarded to zero, one, two, or three finalists:
one winner: 1500 euros
two winners: 1250 euros each
three winners: 1000 euros each
5. The other finalists will each receive a certificate honoring their work and 750 euros.
6. All finalists agree to have their picture taken and used for publicity, if any, for future awards. Mention must be made of the student prize in any publication directly related to the paper they submitted.
Deadlines and submission procedures:
Papers and proof of eligibility must be submitted before March 15, 2011, midnight, by e-mail to:
christophe.deissenberg@univmed.fr with cc: to cef2011@simplemeetings.com
The subject line of the e-mail MUST be “CEFstudentprize”. The paper MUST be in .PDF format. The PDF file MUST be named “CEF2011_familyname of the corresponding author”.
While this is not required, we strongly suggest
that contestants comply with all conference
requirements. This includes submitting an
abstract to Conference Maker by February 15, 2011
and registering to the conference by the stated
deadlines. Those who become a contest finalist will be fully refunded.
The finalists will be informed April 10, 2011.
Support for Student Presenters
The Society for Computational Economics encourages the participation of young researchers at our annual conference and this year we offer support to graduate student presenters in a variety of ways listed below. In all cases, proof of current student status will be required when you arrive on site at the conference in June.
Reduced Registration Fee
The first 40 students who register to present a paper will receive a discounted registration fee of US $315, made possible by sponsorship from the Journal of Applied Econometrics. To receive the discount, simply mark the appropriate spot in the online registration form. After the first 40, students will be charged the standard conference fee.
Lodging Grants
Sponsorship from the Journal of Economic Dynamics and Control and CEPREMAP makes possible a limited number of lodging grants to reduce the overall cost of the conference for student presenters. The grants will be made in the form of a partial credit toward room and tax at the conference hotel – Hilton San Francisco Financial District. Prize
To be considered for a lodging grant, you must be a current student with a paper accepted for presentation in the conference. The application deadline for lodging grants is April 10, 2011 and decisions will be communicated by email before April 15, 2011. Apply by email to cef2011@simplemeetings.com and include all of the following information:
- Subject line should read Lodging Grant Application
- Contact information: name, university, address, phone number and email address
- The ID number and title of your accepted submission
- A brief statement of need and an estimate of travel expenses for you to attend the conference. Please provide as much detail as possible.
- Attach proof of current student status in the form of a signed faculty letter on institutional letterhead and/or a copy of current student ID card.
Student Paper Competition
The Society for Computational Economics sponsors an annual contest for outstanding graduate student papers. Up to three finalists receive waived registration fees, and up to three cash prizes will be awarded at the conference. The deadline for entering your full paper is March 15, 2011. Check the Student Prizes page of this website for complete contest information.
Conference Schedule
| Tuesday, June 28, 2011 |
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| 9:00 a.m. - 5:00 p.m |
Pre-conference workshops at FRBSF
Software Carpentry with Gregory Wilson
DYNARE with Michel Juillard, Stéphane Adjemian, Marco Ratto |
| 4:00 p.m. - 7:00 p.m. |
Early registration at Hilton Financial District |
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| Wednesday June 29, 2011 |
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| 8:00 a.m. - 9:00 a.m. |
Registration |
| 9:00 a.m. - 10:40 a.m. |
Parallel sessions A |
| 10:40 a.m. - 11:00 a.m. |
break |
| 11:00 a.m. - 12:40 p.m. |
Parallel sessions B |
| 12:40 p.m. - 2:30 p.m. |
lunch on own |
| 2:30 p.m. - 4:10 p.m. |
Parallel sessions C |
| 4:10 p.m. - 4:30 p.m. |
break |
| 4:30 p.m. - 5:45 p.m. |
Welcome and Plenary session: John Taylor, Stanford University |
| 6:30 p.m. |
Welcome reception at FRBSF |
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| Thursday June 30, 2011 |
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| 9:00 a.m. - 10:40 a.m. |
Parallel sessions D |
| 10:40 a.m. - 11:00 a.m. |
break |
| 11:00 a.m. - 12:40 p.m. |
Parallel sessions E |
| 12:40 p.m. - 2:30 p.m. |
lunch on own |
| 2:30 p.m. - 4:10 p.m. |
Parallel sessions F |
| 4:10 p.m. - 4:30 p.m. |
break |
| 4:30 p.m. - 5:45 p.m. |
Plenary session: Harald Uhlig, University of Chicago |
| 7:00 p.m. |
Conference dinner at Neptune’s Palace |
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| Friday July 1st, 2011 |
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| 9:00 a.m. - 10:40 a.m |
Parallel sessions G |
| 10:40 a.m. - 11:00 a.m. |
break |
| 11:00 a.m. - 12:40 p.m. |
Parallel sessions H |
| 12:40 p.m. - 2:30 p.m. |
lunch on own |
| 2:30 p.m. - 4:10 p.m. |
Parallel sessions I |
| 4:10 p.m. - 4:30 p.m. |
break |
| 4:30 p.m. - 5:45 p.m. |
Plenary session: Roger Farmer, UCLA |
| 5:45 p.m. |
Conference concludes |
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