Workshop on current monetary policy challenges

Monday, 19 December 2016
ECB main building, conference room C2.06, Frankfurt am Main

Programme

* indicates the presenter

8:30
Registration and coffee
9:00

Unconventional monetary policy in HANK

Greg Kaplan, University of Chicago
Benjamin Moll, Princeton University
*Gianluca Violante, New York University Presentation

Discussant: Jirka Slacalek, European Central Bank Presentation

10:00

Austerity in the aftermath of the great recession

Christopher L. House, University of Michigan
*Christian Proebsting, École polytechnique fédérale de Lausanne Presentation
Linda Tesar, University of Michigan

Discussant: Bartosz Maćkowiak, European Central Bank Presentation

11:00
Coffee break
11:30

NLB: negative (no) lower bound policy as an efficient monetary policy instrument

*Wolfgang Lemke, European Central Bank Presentation
Massimo Rostagno, European Central Bank
Thomas Vlassopoulos, European Central Bank

Discussant: David Vestin, Sveriges Riksbank Presentation

12:30
Buffet lunch
14:00

Beyond the liquidity trap: the secular stagnation of investment

Callum Jones, New York University
Virgiliu Midrigan, New York University
*Thomas Philippon, New York University Presentation

Discussant: Anton Nakov, European Central Bank Presentation

15:00

Monetary union begets fiscal union

*Adrien Auclert, Stanford University Presentation
Matthew Rognlie, Massachusetts Institute of Technology

Discussant: Leopold von Thadden, European Central Bank Presentation

16:00
Coffee break
16:30

Optimal domestic (and external) sovereign default

*Pablo D'Erasmo, Federal Reserve Bank of Philadelphia Presentation

Enrique G. Mendoza, University of Pennsylvania

Discussant: Keith Kuester, Universität Bonn Presentation

17:30

End of conference

19:00
Dinner (by invitation)

Please note that this programme may be subject to change without notice.

General information

Conference venue

European Central Bank
Sonnemannstrasse 20
60314 Frankfurt am Main
Tel.: +49 (0) 69 1344 0
Fax: +49 (0) 69 1344 6000
E-mail: info@ecb.europa.eu

Conference language

English

Transfers

Transfers: Participants are requested to arrange their own transfers, unless indicated otherwise.

Organising Committee

Leopold von Thadden, European Central Bank
Bartosz Maćkowiak, European Central Bank
Roberto Motto, European Central Bank
Oreste Tristani, European Central Bank

Administrative contact
Stefanie Faust
Directorate Monetary Policy
Monetary Policy Strategy Division
Tel.: +49 (0) 69 1344 8669
E-mail: Monpolconference@ecb.int