2025 (8th) Annual CEBRA Workshop for Commodities & Macroeconomics

The University of Richmond and the Board of Governors of the Federal Reserve System (FRB) are co-organizing the Central Bank Research Association’s 8th Annual Workshop for Commodities & Macroeconomics (CEBRA 2025). This workshop will take place at UR’s Robins School of Business, located at 102 UR Drive in Richmond, Va., on Friday, November 21, and Saturday, November 22, 2025.

The call for paper is here. Information about CEBRA, including prior meetings, is available at https://cebra.org.

All presentations at CEBRA 2025 will be in-person.

Scope and Theme of CEBRA 2025

CEBRA's mission is to encourage applied and theoretical research on topics relevant to central banks, financial regulators, international financial institutions, and fiscal authorities, as well as to connect the research staff of these institutions with academia.

The 8th Workshops for Commodities and Macroeconomics will contribute to this mission by featuring papers on:

  • Modeling and forecasting commodity prices and quantities.
  • Aggregate supply implications of shocks to commodity markets.
  • Macroeconomic, trade, and welfare effects of commodity price fluctuations.
  • Monetary or fiscal policy responses to commodity price fluctuations.
  • Impact of commodity price fluctuations on capital flows and exchange rates.
  • Commodity investment and production decisions and their effects on the economy.
  • Interactions between commodity and financial markets.
  • Technological innovation and adoption in the commodity space, including markets.
  • Economics of non-renewable and renewable resources.
  • Macroeconomic considerations of environmental resilience.

Keynote Speaker

Dr. Kris Jacobs, CT Bauer Professor of Finance, University of Houston, Texas

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  • Program Information

    Information coming October 1, 2025.

     

  • In-person Logistics

    The Central Bank Research Association’s Eighth Annual Workshop for Commodities and Macroeconomics (CEBRA 2025) will take place at The University of Richmond’s Robins School of Business, located at 102 UR Drive in Richmond, Va., U.S.A., on Friday, November 21, and Saturday, November 22, 2025.

    Additional information will be posted by October 1, 2025.

  • Virtual Access
    Information coming October 1, 2025.
  • Conference Dinner

    Registered conference participants are invited to join a reception and dinner on Friday, November 21, 2025. 

    Additional information will be posted by October 1, 2025.
  • Travel Information

    Registered conference participants will make their own travel arrangements.

    Additional information regarding a private air-conditioned coach shuttle between the conference hotel (Westin Richmond Hotel on Broad Street) and the conference site (at the Robins School) will be posted by October 1, 2025.
  • Lodging Information

    Registered conference participants shall make their own arrangements. A block of rooms has been reserved at the Westin Richmond Hotel on Broad Street (a 10-minute drive from the Robins School, where the meeting is being held) at a preferential rate.

    Book your group rate for CEBRA UR

    You will find the information for your online reservation link below. If you have questions or need help with the link, please do not hesitate to ask. We appreciate your business and look forward to a successful event.

    Event Summary:

    CEBRA UofR

    Start Date: Thursday, November 20, 2025

    End Date: Saturday, November 22, 2025

    Hotel(s) offering your special group rate:

    • The Westin Richmond for 159.00 USD per night
    • Last Day to Book : Monday, October 20, 2025

    Book your group rate for CEBRA UR

     

    THE WESTIN RICHMOND

    6631 West Broad Street

    Richmond, VA 23230

    USA

    (804) 282-8444

  • Local Attractions
    Information coming October 1, 2025.
  • Organizing Committee

    Martin Bodenstein (Federal Reserve Board)

    Deepa Datta (Federal Reserve Board)

    Cristina Fuentes-Albero (Federal Reserve Board)

    Michel Robe (University of Richmond)
  • Program Scientific Committee

    Tatjana Dahlhaus (Bank of Canada)

    Reinhard Ellwanger (Bank of Canada)

    Margarita Gáfaro González (Banco de la República, Colombia)

    Lutz Kilian (Federal Reserve Bank of Dallas)

    Ana-Simona Manu (European Central Bank)

    Martin Stürmer (IMF)

    + the members of the Organizing Committee
  • Meeting Topics

    Paper topics may be related (but are not restricted) to:

    • Modeling and forecasting commodity prices and quantities.
    • Aggregate supply implications of shocks to commodity markets.
    • Macroeconomic, trade, and welfare effects of commodity price fluctuations.
    • Monetary or fiscal policy responses to commodity price fluctuations.
    • Impact of commodity price fluctuations on capital flows and exchange rates.
    • Commodity investment and production decisions and their effects on the economy.
    • Interactions between commodity and financial markets.
    • Technological innovation and adoption in the commodity space, including markets.
    • Economics of non-renewable and renewable resources.
    • Non-traded natural resources that are currently unpriced/not traded
    • Macroeconomic considerations of climate and environmental resilience.
  • Paper Submission

    The deadline for submissions is midnight (Pacific Time) on September 15, 2025. The submitting author must be a member of CEBRA. To join CEBRA free of charge, please visit: http://www.cebra.org/join 

    Please submit papers through Conference Maker: https://editorialexpress.com/conference/CEBRA2025

  • Registration Information
    Information coming October 1, 2025.
  • Past Meetings
    Information about CEBRA, including prior meetings, is available at https://cebra.org.
  • Program
    Information coming October 1, 2025.