2023 ECB Conference on Monetary Policy: bridging science and practice
Wednesday, 4 and Thursday, 5 October 2023
Frankfurt am Main – Hybrid event
The 6th Conference on Monetary Policy will feature once more an impressive academic line-up and will be held as a hybrid event.
SpeakersThe three conference sessions will tackle issues related to monetary policy, inflation and financial instability, credit, liquidity and quantitative tightening as well as the role of financial markets in monetary policy transmission. A special session will be showcasing monetary policy related research by young economists.
Photos
High-quality images of the conference are available via Flickr.
Programme
Times are Central European Time (CET)
* indicates the presenter
- 09:30
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Registration and coffee
- 10:15
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Welcome address
Speech by Christine Lagarde, President, European Central Bank
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Session 1: Monetary policy, inflation and financial instability
Chair: Katrin Assenmacher, European Central Bank
- 10:30
-
Loose monetary policy and financial instability
- Moritz Schularick*, Kiel Institute for the World Economy & Sciences Po
- Co-Authors: Maximilian Grimm, Òscar Jordà, and Alan M. Taylor
Discussant: José Luis Peydró, Barcelona School of Economics
- 11:30
-
Understanding post-Covid inflation dynamics
- Mathias Trabandt*, Goethe University Frankfurt
- Co-Authors: Martin Harding and Jesper Lindé
Discussant: Annukka Ristiniemi, European Central Bank
- 12:30
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Lunch break
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Session 2: Monetary policy, credit and banking
Chair: Massimo Rostagno, European Central Bank
- 14:00
-
Liquidity dependence and the waxing and waning of central bank balance sheets
- Viral Acharya*, New York University Stern School of Business
- Co-Authors: Rahul S. Chauhan, Raghuram Rajan, and Sascha Steffen
Discussant: Lorenzo Burlon, European Central Bank
- 15:00
-
Reserve demand, interest rate control, and quantitative tightening
- David Lopez-Salido*, Federal Reserve Board of Governors
Co-Author: Annette Vissing-Jørgensen
- 16:00
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Coffee break
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Keynote speech session
Chair: Fabio Panetta, Member of the Executive Board, European Central Bank
- 16:30
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Keynote speech: Interest rate risk, financial crises and bank supervision
Douglas W. Diamond, University of Chicago Booth School of Business, the 2022 recipient of the Nobel Memorial Prize in Economic Sciences
- 17:30
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Conference day 1 end
- 19:30-21:30
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Dinner
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Session 3: Monetary policy and financial markets
Chair: Wolfgang Lemke, European Central Bank
- 09:30
-
A preferred-habitat model of term premia, exchange rates, and monetary policy spillovers
- Dimitri Vayanos*, London School of Economics
- Co-Authors: Pierre-Olivier Gourinchas, Walker D. Ray
Discussant: Andreea Liliana Vladu, European Central Bank
- 10:30
-
Un(conventional) monetary and fiscal policy
- Jing Cynthia Wu*, University of Notre Dame, USA
- Co-Author: Yinxi Xie
Discussant: Stéphane Dupraz, Banque de France
- 11:30
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Coffee break
- 11:45
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Policy Panel
Moderator: Frank Smets, European Central Bank
Panellists:
- Ben Broadbent, Bank of England
- Anna Breman, Sveriges Riksbank
- Philip R. Lane, European Central Bank
- 13:15
-
Lunch break
-
Session 4: Young Economists
Chair: Carlo Altavilla, European Central Bank
- 14:15
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State-dependent pricing and cost-push inflation in a production network economy
Anastasiia Antonova*, Aix-Marseille School of Economics
- 14:45
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Housing markets and the heterogeneous effects of monetary policy across the Euro area
Stefano Pica*, Banca d'Italia
- 15:15
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A behavioural heterogeneous agent new Keynesian model
Fabian Seyrich*, Berlin School of Economics, DIW
- 15:45
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Coffee break
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Keynote speech session
Chair: Luis de Guindos, Vice-President, European Central Bank
- 16:00
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Keynote speech: The labor market and monetary policy
Peter A. Diamond, Massachusetts Institute of Technology, the 2010 recipient of the Nobel Memorial Prize in Economic Sciences
- 17:00
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Concluding remarks
Conference end
This programme may be subject to change without notice.
Audiovisual notice: The event may be filmed and the video recording, or parts of it, may be published on the internet/intranet.
General information
ECB Main Building and WebEx
English
- Carlo Altavilla
- Katrin Assenmacher
- Wolfgang Lemke
- Roberto Motto
- Oreste Tristani
all European Central Bank