ECB Conference on Monetary Policy: bridging science and practice
Monday, 11 and Tuesday, 12 October 2021
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. They will cover a wide range of topics connected to monetary policy such as financial markets, bank-based transmission, monetary-fiscal interaction, and climate change.
Programme
Times are Central European Summer Time (UTC+2)
* indicates the presenter
- 14:00
-
Welcome address
Philip Lane, Chief Economist, European Central Bank
- 14:15
-
Keynote speech: Monetary and Fiscal Policy Interactions
Kenneth Rogoff, Harvard University
- 15:15
-
Session 1 - Monetary policy decision making and financial markets
Chair: Imène Rahmouni, European Central Bank
- 15:15
-
An Alternative Explanation for the "Fed Information Effect"
- Michael D. Bauer*, Universität Hamburg
- Eric T. Swanson, University of California, Irvine
- 15:55
-
Monetary policymakers’ uncertainty
- Anna Cieslak*, Duke University
- Stephen Hansen, Imperial College Business School
- Michael McMahon, University of Oxford
- Song Xiao, London School of Economics
- 16:35
- Break
- 16:45
-
Session 2 - Monetary policy, banks and firms
Chair: Luc Laeven, European Central Bank
- 16:45
-
COVID-19 and SME Failures
- Pierre Olivier Gourinchas, University of California, Berkeley
- Sebnem Kalemli-Özcan*, University of Maryland
COVID-19 AND SMES: A 2021 "TIME BOMB"?
Fiscal Policy in the Age of COVID: Does it ‘Get in all of the Cracks?’ - Veronika Penciakova, Federal Reserve Bank of Atlanta
- Nick Sander, Bank of Canada
- 17:25
-
Have Banks Caught Corona?
- Thorsten Beck*, Florence School of Banking and Finance
- Jan Keil, Humboldt University of Berlin
- 18:05
-
End of first conference day
- 15:00
-
Opening remarks
Frank Elderson, Member of the Executive Board, European Central Bank
- 15:10
-
Keynote speech: The Macroeconomic Consequences of Uncertain Climate Change
Lars Peter Hansen, University of Chicago
Climate change uncertainty spillover in the macroeconomy
Central banking challenges posed by uncertain climate change and natural disasters - 16:10
- Break
- 16:30
-
Session 3 - Monetary policy, inflation and financial stability
Chair: Massimo Rostagno, European Central Bank
- 16:30
-
Monetary policy and endogenous financial crises
- Frédéric Boissay, Bank for International Settlements
- Fabrice Collard, Toulouse School of Economics
- Jordi Galí*, Universitat Pompeu Fabra
- Cristina Manea, Deutsche Bundesbank
- 17:15
-
Monetary policy, fiscal policy and inflation expectations
Yuriy Gorodnichenko, University of California, Berkeley
- 18:00
- Conference end
Please note that this programme may be subject to change without notice.
General information
Venue
WebEx events
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
The event may be filmed and the video recording, or parts of it, may be published on the internet/intranet.