ECB Central Banking Seminar

Formulation and implementation of monetary policy in the euro area

Frankfurt am Main, 9 to 13 July 2018

Participation is by invitation only.


Programme

Sunday, 8 July

19:30
Informal gathering

Monday, 9 July

 

The policy framework in the euro area

Chairperson: Benjamin Vonessen, Senior Adviser, DG-International & European Relations

8:30
Registration and coffee
9:00

Introduction

Peter Praet, member of the Executive Board of the ECB

9:30

The ECB and the Eurosystem: Institutional structure and internal working

Michael Sturm

10:30
Coffee break
11:00

Economic and Monetary Union in Europe

Boris Kisselevsky

12:30
Buffet lunch
14:00

Financial Stability and Macroprudential Policy

Paul Hiebert

15:00
Coffee break
15:30

The Single Supervisory Mechanism

Patricia Roa Tejero

16:30

Plenary discussion on the economic policy framework in the euro area

Benjamin Vonessen, Paul Hiebert, Boris Kisselevsky, Patricia Roa Tejero and Michael Sturm

17:30
Social programme

Tuesday, 10 July

 

Features of the euro area economy

Chairperson: Klaus Masuch, Principal Adviser, DG-Economics

8:30
Registration and coffee
9:00

The external dimension of the euro area economy

Pavlos Karadeloglou

10:00
Coffee break
10:30

Euro area convergence and enlargement

Christine Gartner

11:30

The euro area economy: Economic conditions, inflation and prospects

Thomas Warmedinger and Gerrit Köster

12:30
Buffet lunch
14:00

Structural and fiscal policies and the functioning of the euro area

David Sondermann and Stephan Haroutunian

15:15

ESCB statistics and its main challenges ahead

Aurel Schubert

16:15
Coffee break
16:30

Plenary discussion on the features of the euro area economy

Klaus Masuch, Thomas Warmedinger, Gerrit Köster, Pavlos Karadeloglou, Christine Gartner, Stephan Haroutunian, David Sondermann and Aurel Schubert

18:00
Group photo
18:30
Dinner hosted by Ignazio Angeloni, Member of the Supervisory Board of the ECB
ECB main building, dinner area

Wednesday, 11 July

 

The monetary policy strategy of the ECB

Chairperson: Natacha Valla, Deputy Director General, DG-Monetary Policy

8:30
Registration and coffee
9:00

The ECB’s monetary policy: Standard and non-standard measures

Katrin Assenmacher

10:30

The ECB’s communication policy

Michael Steen

11:30
Coffee break
12:00

The monetary policy transmission mechanism in the euro area

Georg Strasser

13:00
Buffet lunch
14:30

Monetary and credit analysis

Bettina Landau

15:30

Econometric modelling at the ECB

Kai Christoffel

16:30
Coffee break
17:00

Plenary discussion on monetary policy in the euro area

Natacha Valla, Katrin Assenmacher, Michael Steen, Bettina Landau, Georg Strasser and Kai Christoffel

Thursday, 12 July

 

The ECB's monetary policy implementation framework (I)

Chairperson: Cornelia Holthausen, Deputy Director General, DG-Market Operations

8:45
Registration and coffee
9:15

Overview of the activities of the Market Operations Analysis Division

Isabel Kerner

9:30

Overview of the monetary policy implementation framework and recent changes

Isabel Kerner

10:45
Coffee break
11:00

Overview of the activities of the Money Market and Liquidity Division

Julija Jakovicka

11:15

Forecasting liquidity and conducting credit operations

Irene Katsalirou

12:00

Main features of the euro money market

María Encio

13:00
Buffet lunch
14:30
Social programme

Friday, 13 July

 

The ECB's monetary policy implementation framework (II)

Chairperson: Torsti Silvonen, Deputy Director General, DG-Market Operations

8:30
Registration and coffee
9:00

The Eurosystem collateral framework and the functioning of collateral markets

Marco Corsi

10:15
Coffee break
10:30

Overview of the activities of the Bond Market and International Operations Division

Christophe Beuve

10:45

The Eurosystem’s asset purchase programme

Alexander Düring, Lia Cruz, Katja Hettler and Monika Znidar

12:00
Buffet lunch
13:30

Overview of the activities of the Directorate Risk Management

Jorge Mourato

13:45

Mitigating risks in the Eurosystem’s monetary policy operations

Jorge Mourato

15:00
Coffee break
15:15

Overview of the activities of the Financial Operations Services Division

Michel Stubbe

15:30

The Eurosystem Reserve Management Services (ERMS)

Michel Stubbe

16:45

Concluding remarks

Torsti Silvonen

This programme may be subject to change without notice.

General information

Conference venue

European Central Bank
Main building, conference centre, room C2.02
Sonnemannstrasse 20
60314 Frankfurt am Main

+49 69 1344 0
Fax: +49 69 1344 6000
info@ecb.europa.eu

Workshop language

English

Transfers

Participants are requested to arrange their own transfers from and to the airport

Contacts

Ruth Antonelli
Directorate General Economics
Phone: +49 69 1344 7093

Margareth Tai
Directorate General Economics
Phone: +49 69 1344 6618

Email: CBS_2018@ecb.europa.eu