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Submission deadline: 24 June 2016

Call for Papers

Monetary policy pass-through and credit markets

Frankfurt am Main, 27-28 October 2016

The transmission of monetary policy actions to credit markets is substantially influenced by the changing economic environment. Since the start of the Great Recession, credit markets not only have been the source of macroeconomic disturbances but they have also been instrumental in the transmission of shocks stemming from other sectors of the economy. The aim of this conference is to enhance the theoretical and empirical understanding of the channels through which monetary policies are transmitted to credit markets.

The conference will be hosted by the European Central Bank, in Frankfurt am Main, 27-28 October 2016.

Suggested Topics

We encourage submissions on the following topics:

  • Monetary policy pass-through, during and after the crisis
  • Empirical (both micro and macro) studies on the driving forces of channels of transmission of credit shocks
  • Pass-through of market interest rates to retail bank interest rates in a cross-country perspective
  • The real effects of monetary policy via the credit channel, either for firm investment, employment and/or household consumption
  • Recent modelling advances in both theoretical (e.g. DSGE) and empirical models, with special focus on the banking sector
  • Theoretical and empirical analysis on the behaviour of credit intermediaries when setting the price for new loans

Keynote speakers

  • Viral V. Acharya, New York University
  • Markus K. Brunnermeier, Princeton University
  • Arvind Krishnamurthy, Stanford University
  • Marco Pagano, University of Naples Federico II

Submission of papers and deadlines

  • Manuscripts in PDF format should be submitted to conf.banking@ecb.europa.eu
  • The deadline for submission is 24 June 2016. Please note in your submission whether you are willing to discuss a paper.
  • The authors of accepted papers will be notified by 30 July 2016. Notifications will only be sent to the authors of accepted papers.

Expenses

Travel and accommodation expenses of the presenters of accepted papers and discussants will be covered by the ECB (Participants from central banks and other official institutions will be expected to cover their own expenses.)

Organisers/Scientific committee