ECB Conference on Monetary Policy: bridging science and practice
Monday, 10 and Tuesday, 11 October 2022
Online event
The conference will feature once more an impressive academic line-up and, as last year, will be in virtual format. The three conference sessions will tackle issues related to monetary policy, credit and financial crises, the role of financial markets in monetary policy transmission as well as current questions for monetary policy strategy.
- 15:00
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Welcome address
Philip Lane, Member of the Executive Board, European Central Bank
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Session 1 - Monetary policy, credit and financial crisis
Chair: Christophe Kamps, European Central Bank
- 15:10
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Let the worst one fail: a credible solution to the too-big-to-fail conundrum
Thomas Philippon*, New York University
Co-Author: Olivier WangDiscussant: Michaela Pagel, Columbia Business School
- 15:55
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Reserves were not so ample after all
Darrell Duffie*, Stanford University
Co-Authors: Adam Copeland, Yilin YangDiscussant: Tara Rice, Bank for International Settlements
- 16:40
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Break
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Session 2 - Monetary policy and financial markets
Chair: Cornelia Holthausen, European Central Bank
- 16:50
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Bond convenience yields in the eurozone currency union
Stijn Van Nieuwerburgh*, Columbia University
Co-Authors: Zhengyang Jiang, Hanno N. Lustig, Mindy Z. XiaolanDiscussant: Andrea Vedolin, Boston University
- 17:35
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Information spillovers and sovereign debt: Theory meets the eurozone crisis
Guillermo Ordoñez*, University of Pennsylvania
Co-Authors: Harold Cole, Daniel NeuhannDiscussant: Federica Romei, University of Oxford
- 18:20
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End of first conference day
- 14:00
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Keynote speech session
Chair: Oscar Arce, European Central Bank
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Keynote speech: Challenges faced by central banks in normalising their policy and the related international dimension
Carmen Reinhart, Harvard Kennedy School
Interview with Carmen Reinhart
- 15:00
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Break
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Session 3 - Monetary policy strategy
Chair: Isabel Vansteenkiste, European Central Bank
- 15:10
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Trust and monetary policy
Paul De Grauwe*, London School of Economics
Co-Author: Yuemei JiDiscussant: Natacha Valla, Sciences Po Paris (Paris Institute of Political Studies)
- 15:55
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Managing monetary policy normalization
Pierpaolo Benigno*, University of Bern
Co-Author: Gianluca BenignoDiscussant: Elisa Rubbo, The University of Chicago Booth School of Business
- 16:40
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Break
- 17:00
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Keynote speech session
Chair: Massimo Rostagno, European Central Bank
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Keynote speech: Learning and the long run
Emi Nakamura, University of California, Berkeley
- 18:00
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End of conference
Please note that this programme may be subject to change without notice.
The event may be filmed and the video recording, or parts of it, may be published on the internet/intranet.
General information
Venue
WebEx events
Conference language
English
Organising committee
- Carlo Altavilla
- Katrin Assenmacher
- Wolfgang Lemke
- Roberto Motto
- Oreste Tristani
all European Central Bank
Contacts
Teresa Altersberger; Anastasiya Shnitova
[email protected]