Second ECB Annual Research Conference
25 and 26 September 2017
Main Building, European Central Bank, Frankfurt am Main
Conference Room C5.01, Grossmarkthalle
Conducting state-of-the-art research is one of the ECB’s core tasks. World-class research and dialogue between economists in academia and in central banks has become all the more important as the number and complexity of issues relevant for the ECB have grown in the post-crisis world.
The ECB Annual Research Conference is the ECB’s flagship research event covering the fields of monetary economics and finance, bringing together some of the leading academics in these fields. The conference features a keynote lecture named in honour of Jean Monnet, which is delivered by an outstanding academic on a topic of relevance to strengthening European Monetary Union.
YouTube stream of the Jean Monnet Lecture, Tuesday 26 September 2017, 14:00-15:00
Programme
Conference brochure- 8:30
- Registration and coffee
- 9:00
-
Welcome address
Vítor Constâncio, Vice-President, European Central Bank
Watch - 9:30
-
Paper 1 - Payments, credit and asset prices
Chair: Pedro Gustavo Teixeira, European Central Bank
Presenter: Monika Piazzesi, Stanford University, Graduate School of Business
Discussant: Pierre Collin-Dufresne, École Polytechnique Fédérale de Lausanne - 10:30
- Coffee break
- 11:00
-
Paper 2 - Mortgage design in an equilibrium model of the housing market
Chair: Ulrich Bindseil, European Central Bank
Presenter: Arvind Krishnamurthy, Stanford University, Graduate School of Business
Discussant: Victoria Ivashina, Harvard Business School - 12:00
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Paper 3 - Life below zero: bank lending under negative policy rates
Chair: Chiara Zilioli, European Central Bank
Presenter: Glenn Schepens, European Central Bank
Discussant: Wouter den Haan, London School of Economics - 13:00
- Lunch
- 14:00
-
Paper 4 - Rational inattention and inference from market share data
Chair: Frank Smets, European Central Bank
Presenter: John Leahy, University of Michigan
Discussant: Bartosz Maćkowiak, European Central Bank - 15:00
- Coffee Break
- 15:20
-
Paper 5 - The tail that wags the economy: beliefs and persistent stagnation
Chair: Aurel Schubert, European Central Bank
Presenter: Laura Veldkamp, New York University
Discussant: Alberto Martin, Centre de Recerca en Economia Internacional - 16:20
- Coffee break
- 16:45
-
Panel discussion: Exit from non-standard monetary policy
Chair: Benoît Cœuré, Member of the Executive Board, European Central Bank
Panellists:
Olivier Blanchard, Peterson Institute for International Economics
Hyun Shin, Bank for International Settlements
Jeremy Stein, Harvard University
Additional panellist - 18:15
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Adjourn
- 19:30
-
Conference dinner – upon invitation only
- 8:30
- Registration and coffee
- 9:00
-
Paper 6 - Globalization, inequality and welfare
Chair: Frank Moss, European Central Bank
Presenter: Pol Antràs, Massachusetts Institute of Technology
Discussant: Samuel Kortum, Yale University - 10:00
- Coffee break
- 10:30
-
Paper 7 - Heterogeneity and persistence in returns to wealth
Chair: Christine Graeff, European Central Bank
Presenter: Luigi Guiso, Einaudi Institute for Economics and Finance
Discussant: Kjetil Storesletten, University of Oslo and Norges Bank - 11:30
- Coffee break
- 12:00
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Paper 8 - The elusive costs of inflation: price dispersion during the US Great Inflation
Chair: Massimo Rostagno, European Central Bank
Presenter: Emi Nakamura, Columbia University
Discussant: Jordi Galí, Centre de Recerca en Economia Internacional - 13:00
- Lunch
- 14:00
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Jean Monnet Lecture: Good Pension Design
Chair: Peter Praet, Member of the Executive Board, European Central Bank
Presenter: Peter Diamond, Massachusetts Institute of Technology - 15:00
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Adjourn
This programme may be subject to change without notice.
General information
European Central Bank
Main building, Conference Room C5.01
Sonnemannstrasse 20
60314 Frankfurt am Main
+49 69 1344 0
Fax: +49 69 1344 6000
[email protected]
English
Participants are requested to arrange their own transfers, unless indicated otherwise.
Sabine Wiedemann
Directorate General Research
+49 69 1344 6436
[email protected]
Directorate General Communications
Outreach Division
[email protected]