ESCB Challenges for Monetary Policy Transmission in a Changing World (ChAMP) Research Network
6th ChaMP Workstream 1 Workshop
Deutsche Bundesbank - Tagungszentrum Eltville
Monday,14 and Tuesday, 15 April 2025
Programme
times are local
* indicates the presenter
- 12:00
-
Registration
- 12:30
-
Lunch
- 13:30
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Opening remarks
Falko Fecht, Deutsche Bundesbank
- 13:40
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Thematic Session A: Monetary Policy Transmission Through Firms: Surveys and Expectations
Chair: Margherita Bottero, Banca d’Italia
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The Cost Channel of Monetary Policy: Evidence from Euro Area Firm-Level Survey Data
Ugo Albertazzi, Annalisa Ferrando, Sofia Gori and Judit Rariga*, all European Central Bank -
Monetary Policy Transmission to Investment: Evidence from A Survey on Enterprise Finance
Annalisa Ferrando, Sara Lamboglia and Eric Offner*, all European Central Bank -
The Causal Effect of Interest Rate Expectations on Firm Decisions
- Alina Kristin Bartscher, Frankfurt School of Finance & Management
- Georg Duernecker, Goethe University Frankfurt
- Johannes Goensch, Goethe University Frankfurt
- Nils Wehrhöfer*, Deutsche Bundesbank
- 15:15
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Coffee break
- 15:45
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Thematic Session B: Collective Projects and ChaMP Update
Chair: Philipp Hartmann, European Central Bank
-
Cross-country heterogeneity of transmission via bank loans to NFCs
Konstantins Benkovskis*, Latvijas Banka
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ChaMP General Update
- 16:45
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Coffee break
- 17:15
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Thematic Session C: Monetary Policy Transmission Through Households
Chair: Björn Imbierowicz, Deutsche Bundesbank
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House on Fire: Climate Risk, Mortgages, and Monetary Policy
Diana Bonfim and Sujiao (Emma) Zhao*, both Banco de Portugal
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Monetary Policy Transmission Through Cross-Selling Banks
- Christoph Basten*, European Central Bank
- Ragnar Juelsrud, Norges Bank
- 19:30
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Dinner
- 8:30
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Thematic Session D: Monetary Policy Transmission: Demand, Supply and Market Structure
Chair: Falko Fecht, Deutsche Bundesbank
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Corporate Debt Composition, Access to Finance and Monetary Policy
Adam Gulan* and Aino Silvo, both Suomen Pankki – Finlands Bank
-
Bank Specialization and the Transmission of Euro Area Monetary Policy
Konrad Kuhmann*, Latvijas Banka
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Investment Funds and the Monetary-Macroprudential Policy Interplay
- Martin Hodula, Česká národní banka
- Anisa Tiza Mimun*, European Central Bank
- 10:00
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Coffee break
- 10:30
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Thematic Session E: Monetary Policy Transmission and Bank Funding
Chair: Jean-David Sigaux, European Central Bank
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The Original Sin: Fragmentation in The Money Market and Its Transmission to The Credit Market
- Caterina Forti Grazzini, European Central Bank
- Carla Soares*, Banco de Portugal
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Collateral Easing and Safe Asset Scarcity
- Stefan Greppmair*, Deutsche Bundesbank
- Karol Paludkiewicz, Deutsche Bundesbank
- Sascha Steffen, Frankfurt School of Finance and Management
- 11:30
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Coffee break
- 11:45
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Thematic Session F: Monetary Policy Transmission: Demand, Supply and Market Structure
Chair: Diana Bonfim, Banco de Portugal
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Identifying Heterogeneous Supply and Demand Shocks in European Credit Markets
- Olivier De Jonghe*, European Central Bank and Nationale Bank van België/Banque Nationale de Belgique
- Daniel Lewis, University College London
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Deposit Reliance, Market Power and Monetary Policy Transmission
Simone Auer, Antonio M. Conti and Paolo Farroni*, all Banca d’Italia
- 12:45
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Closing remarks
- 13:00
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Lunch
This programme may be subject to change without notice.
This meeting will not be recorded.
General information
Deutsche Bundesbank - Tagungszentrum Eltville
Erbacher Str. 18
65343 Eltville am Rhein
To register to attend, please contact Björn Imbierowicz: bjoern.imbierowicz@bundesbank.de
Participants are requested to arrange for their travels.