ESCB Challenges for Monetary Policy Transmission in a Changing World (ChAMP) Research Network

Registration

Thematic session on monetary policy, housing and consumption

Chair: Diana Bonfim, Banco de Portugal and European Central Bank

House prices, consumption and monetary policy: cross-country analysis of the housing
wealth effect

Paola Di Casola and Magdalena Grothe*, both European Central Bank

The Cash-Flow Channel of Monetary Policy – Evidence from Billions of Transactions

SeHyoun Ahn, Sigurd Mølster Galaasen, Mathis Mæhlum*, all Norges Bank

Non-linear effects of monetary policy shocks on housing: evidence from a CESEE country

• Carlos Cañizares Martínez*, RCEA fellow
• Alicia Aguilar, Banco de España
• Adriana Lojschová, K Národná banka Slovenska

Coffee break

Thematic session on monetary policy and firms

Chair: Laura Moretti, Central Bank of Ireland

Inflation and floating-rate loans: Evidence from the euro-area

• Fabrizio Core, Erasmus University, ERIM, and Tinbergen Institute
• Filippo De Marco, Bocconi University
• Baffi-Carefin, IGIER and CEPR
• Tim Eisert, Nova School of Business and Economics and CEPR
• Glenn Schepens*, European Central Bank

Monetary Policy and Bank Lending: A country-specific shock identification in the euro
area

Robert Ferstl*, Bernhard Graf, Michael Sigmund, and María Teresa Valderrama, all

Oesterreichische Nationalbank

Lunch break

Collective projects

Cross-country project on the monetary policy transmission via banks

Karlis Vilerts, Latvijas Banka

Showcase of the Machine Learning environment on the Virtual Lab

Olivier De Jonghe, Nationale Bank van België/Banque Nationale de

Belgique

Coffee break

Thematic session on monetary policy and non-banks

Chair: Bjorn Imbierowicz, Deutsche Bundesbank

Monetary policy effects on investment funds’ risk taking

• Sofia Anyfantaki, Bank of Greece
• Charilaos Giannakidis, Bank of Greece
• Dimitrios Malliaropulos, Bank of Greece and University Piraeus
• Petros Migiakis*, Bank of Greece
• Filippos Petroulakis, Bank of Greece

Monetary Policy, Fragility and Fund Flows

Falko Fecht and Moritz Kellers*, both Deutsche Bundesbank

Break

Thematic session on monetary policy and markets

Chair: Margherita Bottero, Banca d’Italia

The impact of monetary policy normalisation on secured money markets

Alicia Aguilar* and Claudio Vela, both Banco de España

Monetary policy transmission through the repo market’s funding channel

Yannik Schneider*, European Central Bank

Closing remarks

Dinner – by invitation only