ESCB Challenges for Monetary Policy Transmission in a Changing World (ChAMP) Research Network
1st Workshop of Workstream 2: Transmission through the real economy
Nationale Bank van België/Banque Nationale de Belgique
Brussels, 25 October 2023
The Nationale Bank van België/Banque Nationale de Belgique is hosting the first Workshop of the ChaMP ESCB research network, focusing on the topics covered by the 2nd workstream of that network on 25 October 2023. This will give us the opportunity to meet for the first time and to discuss some ongoing projects. A session will also be dedicated to a broader discussion on the potential cross-country collaborations that could be put in place in the context of this research network.
Programme
* indicates the presenter
- 8:15
-
Registration
- 8:45
-
Welcome
Philipp Hartmann, Chair, ECB
Emmanuel Dhyne, WS2 coordinator, Nationale Bank van België/Banque Nationale de Belgique -
Session 1
Chair: Emmanuel Dhyne, Nationale Bank van België/Banque Nationale de Belgique
- 9:00
-
Energy Terms of Trade Shocks in an Open-Economy HANK with Non-Homothetic Preferences
Alina Bobasu*, ECB
- 9:45
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Price Updating in Production Networks
Glenn Magerman*, Université libre de Bruxelles (ULB)
- 10:30
-
Coffee break
-
Session 2
Chair: Maria Valderrama, Oesterreichische Nationalbank
- 11:00
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Anatomy of the Phillips Curve: Micro Evidence and Macro Implications
Joris Tielens*, Nationale Bank van België/Banque Nationale de Belgique
- 11:45
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Firm Heterogeneity, Capital Misallocation and Optimal Monetary Policy
Dominik Thaler*, ECB
- 12:30
-
Lunch
-
Session 3
Chair: Philipp Hartmann, ECB
- 14:00
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Propagation of Minimum Wage Shocks through Production Networks
Javier Quintana*, Banco de España
- 14:30
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Monetary Policy, Growth, and Sectoral Reallocation
Michaela Elfsbacka-Schmöller*, Suomen Pankki – Finlands Bank
- 15:00
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Nets on Nets
Matias Covarrubias*, Banco de España
- 15:30
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Coffee break
- 16:00
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General discussion – Way forward
- 17:15
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Closing remarks