ECB Forum 2014 – Programme

Forum on monetary policy in a changing financial landscape

Sunday, 25 May 2014

18:30

Opening reception and dinner

Welcome address
Mario Draghi, President, European Central Bank

Dinner hosted by the Executive Board of the European Central Bank

Dinner speech Monetary policy in the “new normal”
Christine Lagarde, Managing Director, International Monetary Fund
Speech

Monday, 26 May 2014

9:00

Introductory speech

Mario Draghi, President, European Central Bank
Speech

9:30

Session 1: Monetary policy in the new regulatory environment

Chair: Vítor Constâncio, Vice-President, European Central Bank


Banking supervision and monetary policy

Martin Hellwig, Director, Max Planck Institute for Research on Collective Goods
Paper
Presentation

Discussant: Stephen Cecchetti, Brandeis University
Presentation


Monetary analysis: price and financial stability

Markus K. Brunnermeier, Princeton University
(with Yuliy Sannikov, Princeton University)
Paper

Discussant: Lars Svensson, Stockholm School of Economics
Paper

11:30
Coffee break
12:00

Panel: Monetary policy in the new regulatory environment

Chair: Benoît Cœuré, Member of the Executive Board, European Central Bank

Erdem Basçi, Governor, Central Bank of the Republic of Turkey
Presentation

Mathias Dewatripont, Nationale Bank van België/Banque Nationale de Belgique
Presentation

Hyun Song Shin, Bank for International Settlements
Presentation

Sir Paul Tucker, Harvard Kennedy School, Harvard Business School

13:30

Lunch

14:30

Young economists' poster session

15:00

Armchair discussion

José Manuel Barroso, President, European Commission
Jeroen Dijsselbloem, President, Eurogroup

Moderator: Carlo Bastasin, Non-resident Senior Fellow, The Brookings Institution

19:00

Young economists’ ePoster session*

19:30

Reception and dinner

Tuesday, 27 May 2014

9:00

Session 2: Monetary policy and balance sheet adjustment

Chair: Peter Praet, Member of the Executive Board, European Central Bank


Inflation targets reconsidered

Paul R. Krugman, Princeton University
Paper
Presentation

Discussant: Guido Tabellini, Bocconi University
Presentation


Central bank balance sheets: expansion and reduction since 1900

Niall Ferguson, Harvard University and Hoover Institution, Stanford
(with Andreas Schaab, Harvard University, and Moritz Schularick, University of Bonn and CEPR)
Paper
Presentation

Discussant: Daniel Cohen, Paris School of Economics, École Normale Supérieure

11:00
Coffee break
11:30

Panel: Monetary policy and balance sheet adjustment

Chair: Peter Praet

Agustín Carstens, Governor, Bank of Mexico
Otmar Issing, President, Center for Financial Studies
Adam S. Posen, President, Peterson Institute for International Economics

13:00
Lunch
14:30

Armchair discussion

Mario Draghi, President, European Central Bank
Agustín Carstens, Governor, Bank of Mexico

Moderator: David Wessel, Director of the Hutchins Center on Fiscal and Monetary Policy, The Brookings Institution

16:00

Award ceremony - young economists' ePosters

Closing remarks

Group photo

19:00
Dinner hosted by the Banco de Portugal

* Posters by ten young economists about their research work will be on display.
Participants are invited to talk to the students individually about their research and rate their poster using the electronic facility provided.
A prize will be awarded at the end of the Forum for the best poster.