ESCB Challenges for Monetary Policy Transmission in a Changing World (ChAMP) Research Network
5th ChaMP Workstream 1 Workshop
Central Bank of Ireland, Dublin
Thursday, 13 and Friday, 14 February 2025
Programme
times are local
* indicates the presenter
- 12:10
-
Registration
- 12:30
-
Lunch
- 13:30
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Opening remarks
- 13:40
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Thematic Session A: Monetary Policy Transmission via NFC
Chair: Diana Bonfim, Banco de Portugal
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Deposits Funding and the Credit Channel of Monetary Policy
- Matthieu Bussiere, Banque de France
- Tommaso Gasparini*, Banque de France
- Guillaume Horny, Banque de France
- Benoît Nguyen, European Central Bank
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The Heterogeneous Bank Lending Channel of Monetary Policy
- Jorge Abad*, Banco de España
- Saki Bigio, UCLA
- Salomón García, Banco de España
- Joel Marbet, Banco de España
- Galo Nuño, Banco de España
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The Real Effects of Monetary Policy Transmission via the Floating Rate Channel
Margherita Bottero, Michele Cascarano, Alessandro Modica*, Stefano Piersanti, Federico Maria Signoretti, all Banca d’Italia
- 15:10
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Coffee break
- 15:40
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Thematic Session B: Cross-Country Projects
Chair: Philipp Hartmann, European Central Bank
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Beyond Fixed- vs. Adjustable-Rate Loans: Loan Features and the Pass-Through of Monetary Policy in the Euro Area
Konstantins Benkovskis*, Latvijas Banka
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Cross-Country Project on Household Credit
Olivier De Jonghe*, European Central Bank and Nationale Bank van België/Banque Nationale de Belgique
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ChaMP General Update
- 16:50
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Break
- 17:10
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Thematic Session C: Monetary Policy Transmission and Financial Markets
Chair: Jean-David Sigaux, European Central Bank
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What’s on the Menu? Banks, Central Bank Lending, and Carry Trades
Tomas Carrera de Souza*, De Nederlandsche Bank and University of Amsterdam
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Bond Portfolio Rebalancing During the COVID-19 Outbreak
- Stefanos Delikouras, University of Miami
- Dimitris Malliaropulos, Bank of Greece
- Petros Migiakis*, Bank of Greece
- 18:10
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Dinner
By invitation only
- 8:40
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Registration
- 9:00
-
Thematic Session D: Monetary Policy Transmission and Non-Banks
Chair: Laura Moretti, Central Bank of Ireland
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The Effects of Monetary Policy on Banks and Non-Banks in Times of Stress
Gabor Fukker, Matthias Sydow and Anisa Tiza-Mimun*, all European Central Bank
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Monetary Policy and Non-Bank Lending
- Fergal McCann*, Central Bank of Ireland
- Peter Hoffmann, European Central Bank
- Oana Peia, University College Dublin
- Glenn Schepens, European Central Bank
- 10:00
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Coffee break
- 10:30
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Thematic Session E: Monetary Policy – Miscellaneous
Chair: Margherita Bottero, Banca d’Italia
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On Collateral in the Euro Area and the Implications for Monetary Policy Transmission
- Hans Degryse, KU Leuven and CEPR
- Olivier De Jonghe, European Central Bank and Nationale Bank van België/Banque Nationale de Belgique
- Luc Laeven, European Central Bank
- Tong Zhao*, Nationale Bank van België/Banque Nationale de Belgique and KU Leuven
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Cross-Elasticities in Credit Markets
Stefano Pietrosanti*, Edoardo Rainone, both Banca d'Italia
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Market perceived monetary policy and the yield curve
Vincenzo Cuciniello*, Banca d’Italia
- 12:00
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Closing remarks
This programme may be subject to change without notice.
This meeting will not be recorded.
General information
Central Bank of Ireland
New Wapping Street
North Wall Quay
Dublin 1, D01 F7X3
Participants are requested to arrange their flights and hotel reservations.