The German Ministry of Finance is pleased to announce the call for papers for the 2018 Inaugural Fiscal Policy Seminar. The seminar will take place in Berlin on 13/14 December 2018. As part of the seminar the Scientific Committee will award the Best Paper with a respective cash price of €5,000. The successful paper has the option to be published in “International Tax and Public Finance” (subject to normal refereeing).

The Fiscal Policy Seminar (FPS) will be held on an annual basis and aims to bridge the gap between academic research in public economics and policy-making.

The theme of the 2018 seminar is “Rethinking Market Discipline”with a specific eye on the challenges of institutional design, for example within the European Monetary Union. Our objective is to bring together leading academics and policy makers to showcase frontier academic work that enhances our understanding of the interaction of market discipline, fiscal sustainability and financial resilience, identifying new questions in research, policy making, and institutional design along the way.

We are especially interested in submissions covering topics that include, but are not necessarily limited to the following fields:

  • Market discipline, insurance mechanisms and stabilization

  • Fiscal challenges of exiting the Zero-Lower Bound with heterogeneous fiscal conditions

  • Doom loops: The interaction of fiscal policy and financial markets

  • Regulatory forbearance, consequences and reform options

  • Insolvency procedures for jurisdictions, also on sub-national levels

We welcome both theoretical and empirical submissions. We are inviting papers to be submitted by August 15, 2018 to: (Subject: Fiscal Policy Seminar). Authors of accepted papers will be notified by September 15, 2018.

Travel and hotel expenses will be covered by the Federal Ministry of Finance.

Scientific Committee:

Andreas Peichl (ifo Institute and University of Munich), Chair

Aitor Erce (European Stability Mechanism)

Ronald B. Davies (University College Dublin)

Essi Earola (VATT).