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Venue

BAFFI CAREFIN Centre, Bocconi University
via Roentgen 1, DB Room (AS02), floor -2
Milan, Italy

Format

Milan

Date

Thursday, June 8, 2017

In cooperation with

Which are the new frontiers in central banking? The aim of the workshop is to discuss two fields – monetary policy committees and new prudential responsibilities – and how they influence central banking decisions.

Conference Proceedings 2917/2 – New Challenges in Central Banking: Monetary: Policy Governance and Macroprudential Issues (pdf)

 

Program

Time
Thursday, 8 June 2017
08:30
Registration
09:00
Welcome Address
Donato Masciandaro, President BAFFI CAREFIN Centre, Bocconi University and SUERF
Urs W. Birchler, SUERF President and University of Zurich
09:15
KEYNOTE SPEECH

ECB monetary policy and euro area governance

Athanasios Orphanides, MIT Sloan School of Management
09:45
Session I - MONETARY POLICY: GOVERNANCE
Paola Profeta, Bocconi University

Estimating the Preferences of Central Bankers: an Analysis of four Voting Records

Chair: Sylvester Eijffinger, Professor, Tilburg University, CESifo and CEPR presentation

Deliberation in Monetary Policy Committees

Alessandro Riboni, Ecole Polytechnique, Paris

Behavioral Monetary Policymaking and Gender: Theory, Institutions and Empirics

Donato Masciandaro, Bocconi University presentation
Davide Romelli, Trinity College Dublin
11:30
Coffee Break
12:00
Session II - MACROPRUDENTIAL POLICY: THEORY, INSTITUTIONS AND EMPIRICS
Chair: Ernest Gnan, Head, Economic Analysis Division, Oesterreichische Nationalbank and SUERF

Macroprudential Policies and Banking

Dimitrios Tsomocos, University of Oxford presentation

Use and Effectiveness of Macroprudential Policies: New Evidence

Eugenio Cerutti, International Monetary Fund presentation

Bank Capital Regulation with Unregulated Competitors

David Martinez-Miera, Carlos III University, Madrid and CEPR presentation
13:30
Lunch
15:00
Session III - MONETARY POLICY AND MACROPRUDENTIAL POLICY: NEW DSGE MODELS
Chair: Tommaso Monacelli, Professor, Bocconi University

Macroprudential policies in a low interest-rate environment

Margarita Rubio, University of Nottingham presentation

Countercyclical prudential tools in an estimated DSGE model

Jorge Ponce, Banco Central de Uruguay presentation

Optimal Macroprudential and Monetary Policy in a Currency Union

Dmitriy Sergeyev, Bocconi University presentation

Schäuble versus Tsipras: a New-Keynesian DSGE model for the Eurozone Debt Crisis

Mathilde Viennot, Paris School of Economics presentation
17:30
End of Conference
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