ECB Forum on Central Banking 2022
Challenges for monetary policy in a rapidly changing world
27-29 June 2022, Sintra, Portugal
Conference moderation: Claire Jones, Financial Times
Programme
All times are local (CET-1)
- 18:30
-
Opening reception and dinner
Welcome remarks
Christine Lagarde, President, European Central Bank
Dinner hosted by the Executive Board of the European Central Bank
Dinner speech
A conversation on “Threats to financial stability” with Hélène Rey and Richard Portes, Professors of Economics, London Business School
Moderated by Isabel Schnabel, Member of the Executive Board, European Central Bank
- 9:00
-
Introductory speech
Christine Lagarde, President, European Central Bank
- 9:30
-
Session 1: Globalisation and labour markets in the post-pandemic economy
Chair: Philip R. Lane, Member of the Executive Board, European Central Bank
Paper: “Globotics and macroeconomics: Globalisation and automation of the service sector”
Richard Baldwin, Professor, Graduate Institute Geneva
Discussant: Barbara Petrongolo, Professor, University of Oxford
-
Session 2: Energy price volatility and energy sources in Europe
Chair: Philip R. Lane, Member of the Executive Board, European Central Bank
Paper: “The effect of rising energy prices amid geopolitical developments and supply disruptions”
Hilde C. Bjørnland, Professor, BI Norwegian Business School
Discussant: Christian Zinglersen, Director, European Union Agency for the Cooperation of Energy Regulators
- 11:30
-
Coffee break and poster session for the Young Economist Prize
- 12:00
-
Panel 1: Central bank digital currencies and the digital euro project
Chair: Fabio Panetta, Member of the Executive Board, European Central Bank
- Ulrich Bindseil, Director General Market Infrastructure and Payments, European Central Bank
- Markus K. Brunnermeier, Professor, Princeton University
- Neha Narula, Director, Digital Currency Initiative, Massachusetts Institute of Technology Media Lab
- Cecilia Skingsley, First Deputy Governor, Sveriges Riksbank
- 13:30
-
Lunch
- 18:30
-
Reception and dinner hosted by the Executive Board of the European Central Bank
- 8:45
-
Session 3: Real estate boom-bust cycles and monetary policy
Chair: Luis de Guindos, Vice-President, European Central Bank
Paper: “Real estate booms and busts: Implications for monetary and macroprudential policy in Europe”
John Muellbauer, Professor, Nuffield College, University of Oxford
Discussant: Giovanni Dell’Ariccia, Deputy Director Research, International Monetary Fund
-
Session 4: Global value chains, supply bottlenecks and international trade
Chair: Luis de Guindos, Vice-President, European Central Bank
Paper: “Global supply chain pressures, international trade and inflation”
Şebnem Kalemli-Özcan, Professor, University of Maryland (together with Julian di Giovanni, Federal Reserve Bank of New York, Álvaro Silva, University of Maryland, and Muhammed Yıldırım, Harvard University)
Discussant: Gabriel Felbermayr, Director, Austrian Institute of Economic Research
- 10:45
-
Coffee break
- 11:15
-
Panel 2: The role of inflation expectations in monetary policymaking
Chair: Isabel Schnabel, Member of the Executive Board, European Central Bank
- Ulrike Malmendier, Professor, University of California at Berkeley
- Loretta J. Mester, President, Federal Reserve Bank of Cleveland
Speech - Erik Nielsen, Group Chief Economic Advisor, UniCredit
- Ricardo Reis, Professor, London School of Economics
- 12:45
-
Lunch
- 14:00
-
Policy panel
- Andrew Bailey, Governor, Bank of England
- Agustín Carstens, General Manager, Bank for International Settlements
- Christine Lagarde, President, European Central Bank
- Jerome Powell, Chair, Federal Reserve Board of Governors
Moderator: Francine Lacqua, Anchor and Editor-at-Large, Bloomberg Television
- 15:30
-
Award ceremony for the Young Economist Prize
-
Closing remarks
Christine Lagarde, President, European Central Bank
-
Group photo (all participants)
- 18:30
-
Reception and dinner hosted by the Banco de Portugal
This programme may be subject to change without notice.
Audiovisual notice: The entire event will be live streamed, recorded and published on the ECB’s website shortly after the conference. Journalists will be present and will report on the event.
General information
Conference language
English
Contacts
ECB Forum on Central Banking
Forum secretariat
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Speakers
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The ECB Forum on Central Banking is an annual event organised by the European Central Bank and is held in Sintra, Portugal.
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