First ECB Annual Research Conference
About the conference
28 and 29 September 2016
Main Building, European Central Bank, Frankfurt am Main
Conference Room C5.01, Grossmarkthalle
The global financial crisis has spurred renewed interest in research on central banking issues. To support the dissemination of such research, the European Central Bank is launching its First Annual Research Conference, organised by the Directorate General Research. This conference will be the ECB’s flagship research event covering the fields of monetary economics and finance. The conference will consist of paper presentations by leading academics in these fields, a panel discussion on a topic of current policy interest, and a keynote lecture. The keynote lecture is named in honour of Jean Monnet and will be delivered by an outstanding academic on a topic of relevance to strengthening European Monetary Union.
- Registration and coffee
Mario Draghi, President, European Central Bank
Chair: Sergio Nicoletti Altimari, European Central Bank
Paper 1: "Pledgeability, Industry Liquidity, and Financing Cycles"
Presenter: Douglas Diamond, University of Chicago, Booth School of Business
Discussant: Florian Heider, European Central Bank
Paper 2: "Monetary-Fiscal Interactions and the Euro Area's Malaise"
Presenter: Bartosz Maćkowiak, European Central Bank
Discussant: Harald Uhlig, University of Chicago
Chair: Oreste Tristani, European Central Bank
Paper 3: "Monetary Policy, Bounded Rationality and Incomplete Markets"
Presenter: Iván Werning, Massachusetts Institute of Technology
Discussant: Stephanie Schmitt-Grohé, Columbia University
Paper 4: "The Making of Hawks and Doves: Inflation Experiences and Voting on the FOMC"
Presenter: Ulrike Malmendier, University of California, Berkeley
Discussant: Ricardo Reis, London School of Economics
- Coffee Break
Chair: Ulrich Bindseil, European Central Bank
Paper 5: "Bank Resolution and the Structure of Global Banks"
Presenter: Patrick Bolton, Columbia University, Graduate School of Business
Discussant: Xavier Vives, IESE Business School
Conference dinner – upon invitation only
- Registration and coffee
Chair: Frank Moss, European Central Bank
Paper 6: "Global Imbalances and Currency Wars at the ZLB"
Presenter: Pierre-Olivier Gourinchas, University of California, Berkeley
Discussant: Jordi Galí, Universitat Pompeu Fabra
Paper 7: "Household Debt and Business Cycles Worldwide"
Presenter: Amir Sufi, University of Chicago, Booth School of Business Discussant: Giancarlo Corsetti, University of Cambridge
- Coffee break
Chair: Massimo Rostagno, European Central Bank
Paper 8: "Regional Heterogeneity and Monetary Policy"
Presenter: Joseph Vavra, University of Chicago, Booth School of Business
Discussant: Wouter den Haan, London School of Economics
- Buffet lunch
Jean Monnet Lecture: Should Fiscal Policy Be Set by Politicians?
Chair: Luc Laeven, European Central Bank
Presenter: Eric Maskin, Harvard University
Introduction to the key lecture
Panel on "Monetary Policy and Financial Stability in a Low Interest Rate Environment"
Chair: Vítor Constâncio, Vice-President, European Central Bank
Tobias Adrian, Federal Reserve Bank of New York
Mathias Dewatripont, National Bank of Belgium
Kristin Forbes, MIT Sloan School of Management and Bank of England
Lars Svensson, Stockholm School of Economics
- End of conference
This programme may be subject to change without notice.
European Central Bank
Main building, Conference Room C5.01
60314 Frankfurt am Main
+49 69 1344 0
Fax: +49 69 1344 6000
Participants are requested to arrange their own transfers, unless indicated otherwise.
Luc Laeven, Directorate General Research
Luca Dedola, Directorate General Research, Monetary Policy Research Division
Marie Hoerova, Directorate General Research, Financial Research Division
Peter Karadi, Directorate General Research, Monetary Policy Research Division
Bartosz Mackowiak, Directorate General Research, Monetary Policy Research Division
Alexander Popov, Directorate General Research, Financial Research Division
Sabine Wiedemann, Directorate General Research
Silvia Margiocco, Directorate General Communications