Otsingu valikud
Avaleht Meedia Suunaviidad Uuringud & väljaanded Statistika Rahapoliitika Euro Maksed & turud Töövõimalused
Ei ole eesti keeles kättesaadav

Seventh ECB Annual Research Conference

12 and 13 September 2022

Hybrid event

This is the seventh edition of the Annual Research Conference, the ECB’s flagship research event. The conference features research paper presentations by leading economists on topics relevant for a central bank. The highlight is the Jean Monnet Lecture, delivered this year by Nobel laureate Jean Tirole.

High-quality images of the 7th Annual Research Conference are available via Flickr.


Monday, 12 September 2022

Welcoming remarks

Reconciling the macro and micro evidence on the effects of monetary policy

Isabel Schnabel, Member of the Executive Board, European Central Bank


Session I

Chair: Christiane Nickel, European Central Bank


Price selection in the microdata

Peter Karadi, European Central Bank (together with Raphael Schoenle, Brandeis University, and Jesse Wursten, Katholieke Universiteit Leuven)

Discussant: Francesco Lippi, Einaudi Institute for Economics and Finance

Temporary layoffs, loss-of-recall, and cyclical unemployment dynamics

Antonella Trigari, Bocconi University (together with Mark Gertler, New York University, and Christopher Huckfeldt, Cornell University)

Discussant: Fabien Postel-Vinay, University College London and Institute for Fiscal Studies


Coffee break


Session II

Chair: Luc Laeven, European Central Bank


The reserve supply channel of unconventional monetary policy

Yiming Ma, Graduate School of Business (together with William Diamond, Wharton School, University of Pennsylvania, and Zhengyang Jiang, Kellogg School of Management, Northwestern University)

Discussant: Agnese Leonello, European Central Bank


Jean Monnet Lecture

Regulating the tech giants: Competition policy at a crossroad

Jean Tirole, Toulouse School of Economics

Interview with Jean Tirole


End of day one

Tuesday, 13 September 2022

Session III

Chair: Massimo Rostagno, European Central Bank


Monetary policy in the age of automation

Luca Fornaro, CREI and Universitat Pompeu Fabra (together with Martin Wolf, University of St. Gallen)

Discussant: Morten O. Ravn, University College London


A model of the data economy

Maryam Farboodi, Sloan School of Management, Massachusetts Institute of Technology (together with Laura Veldkamp, Graduate School of Business, Columbia University)

Discussant: Edouard Schaal, CREI and Universitat Pompeu Fabra


Coffee break


Session IV

Chair: Philipp Hartmann, European Central Bank


What can time-series regressions tell us about policy counterfactuals?

Alisdair McKay, Federal Reserve Bank of Minneapolis (together with Christian K. Wolf, Massachusetts Institute of Technology)

Discussant: Daniel J. Lewis, University College London




The effect of macroeconomic uncertainty on household spending

Dimitris Georgarakos, European Central Bank (together with Olivier Coibion, University of Texas at Austin, Yuriy Gorodnichenko, University of California, Berkeley, Geoff Kenny, European Central Bank, and Michael Weber, Booth School of Business, University of Chicago)

Discussant: Jeanne Commault, Sciences Po


Coffee break


Debate: The outlook for inflation in the euro area

  • Paul R. Krugman, Graduate Center, City University of New York
  • Lawrence H. Summers, Kennedy School of Government, Harvard University

Moderator: Beatrice Weder Di Mauro, Geneva Graduate Institute, President of the Centre for Economic Policy Research


End of conference

This programme may be subject to change without notice.

Time allocation: 30 minutes for each paper presenter, 15 minutes for each discussant, and 15 minutes for a general discussion.

Audiovisual notice: Please note that the entire event will be recorded and proceedings published on You Tube shortly after the conference. The event will be live-streamed on You Tube and ECB pages.

General information

Conference language



Organising committee

Luc Laeven, Marie Hoerova, Bartosz Maćkowiak, Alexander Popov (all European Central Bank)

Contact persons