SUERF

Program

Time

Tuesday, 19 October 2021

11:00

Welcoming address

Esa Jokivuolle, Head of Research, Bank of Finland I SUERF

Jakob De Haan, SUERF President I Professor of Political Economy, University of Groningen

11:15

Opening remarks

Monetary Policy in the Emerging Post-Pandemic Context

Olli Rehn, Governor, Bank of Finland

Speech

11:45

Session I: “(Un)conventional approaches”

Central banks’ objectives, targets, and tools

Klaus Adam, Professor, University of Mannheim, CEPR, CESIfo presentation

Monetary policy and financial stability

Oreste Tristani, Senior Adviser, ECB presentation

Indebted demand and implications for monetary policy

Ludwig Straub, Professor, Harvard University presentation

Chair: Juha Kilponen, Head of Monetary Policy and Research, Bank of Finland

13:15

Lunch and Poster Session

During lunch break you may follow a Poster Session chaired by Esa Jokivuolle, Head of Research, Bank of Finland and SUERF

Poster Session: Analysing communication to infer policy-makers” intentions and preferences

Paper 1: Reading between the Lines: Using Text Analysis to Estimate the Loss Function of the ECB
Maritta Paloviita, Markus Haavio, Pirkka Jalasjoki, Juha Kilponen and Ilona Vänni, Bank of Finland
pdf – presentation

Paper 2: Who Talks During Monetary Policy Quiet Periods, and Why? Evidence from the European Central Bank”s Governing Council
Phillipp Gnan, WU Vienna, Institute for Finance, Banking and Insurance
Kilian Rieder, Österreichische Nationalbank
pdf- presentation

14:15

Session II: “Central banks in a changing world”

Central banks and climate change

Anna Breman, Deputy Governor, Sveriges Riksbank presentation

Monetary policy and inequality

Fiorella De Fiore, Head of Monetary Policy, BIS presentation

Policy interactions between monetary and fiscal policies

Leonardo Melosi, Senior Economist, Economic Advisor, Federal Reserve Bank of Chicago presentation

Chair: Ernest Gnan, Head of Economic Analysis Division, OeNB and SUERF

15:45

Virtual coffee break

16:00

Session III Panel: “Experiences from central banks’ strategy reviews”

Philip Lane, Member of the Executive Board, ECB

Andrew Levin, Professor of Economics, Dartmouth College

Patricia C. Mosser, Director, Columbia University

N.N., tbc

Chair: Tuomas Välimäki, Member of the Board, Bank of Finland

17:15

End

Tags:

Central Banking and Monetary Policy Economic policy and Political economy Financial stability, regulation and supervision Fiscal policy, public finances

Monetary Policy Approaches: A Comparative Appraisal

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Monetary Policy Approaches: A Comparative Appraisal

Venue

Format

Date

In cooperation with

Program

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