ECB Conference on Monetary Policy: bridging science and practice
Monday, 19 and Tuesday, 20 October 2020
Online event
The conference is the ECB’s annual flagship event focusing on frontier issues of monetary policy. It brings together leading academics and central bankers to exchange views on the science and practice of monetary policy. The conference features research presentations and keynote speeches. Their topics will be connected to the ongoing review of the ECB’s monetary policy strategy as well as to the reaction of different policy areas to the current economic challenges induced by the pandemic.
Programme
Times are Central European Summer Time (UTC+2)
* indicates the presenter
- 14:00
- Online event registration
- 14:40
-
Welcome
Philip Lane, Chief Economist, European Central Bank
- 14:45
-
Opening remarks
Christine Lagarde, President, European Central Bank
- 15:00
-
Keynote speech: Climate change and monetary policy
William Nordhaus*, Yale University
- 16:00
- Break
- 16:30
-
Session 1 - Monetary policy objectives and transmission
Chair: Isabel Vansteenkiste, European Central Bank
-
Monetary policy with opinionated markets
Ricardo Caballero*, Massachusetts Institute of Technology (MIT) - Department of Economics
- Alp Simsek, Massachusetts Institute of Technology (MIT) - Department of Economics
-
The distributional consequences of monetary policy
Gianluca Violante*, Princeton University
- 18:00
-
End of first conference day
- 14:30
- Online event registration
- 15:00
-
Session 2 - Monetary policy instruments
Chair: Massimo Rostagno, European Central Bank
-
Exchange rates and asset prices in a global demand system
- Ralph S.J. Koijen*, University of Chicago, Booth School of Business
- Motohiro Yogo, Princeton University
-
Bond markets in spring 2020 and the response of the Federal Reserve
Annette Vissing-Jorgensen*, University of California, Berkeley
- 16:30
- Break
- 17:00
-
Session 3 - Monetary policy interactions
Chair: Luc Laeven, European Central Bank
-
Macroeconomic implications of COVID-19: Can negative supply shocks cause demand shortages?
- Veronica Guerrieri*, University of Chicago, Booth School of Business
- Guido Lorenzoni, Northwestern University
- Ludwig Straub, Harvard University
- Iván Werning, Massachusetts Institute of Technology (MIT) - Department of Economics
-
Outside the box: a heretical view of stimulative policy, the role of central banks, and monetary-fiscal interactions
John H. Cochrane*, Stanford University
- 18:30
- Conference end
Please note that this programme may be subject to change without notice.
General information
Venue
Online event
Conference language
English
Organising committee
- Carlo Altavilla
- Wolfgang Lemke
- Roberto Motto
- Oreste Tristani
all European Central Bank
Contacts
Ana Maria Lupu
+49 69 1344 0
conf.mon.pol@ecb.europa.eu