13th ECB Central Banking Seminar

Monetary policy in the euro area

Frankfurt am Main, 1 to 5 July 2019

Participation is by invitation only.


Programme

Monday, 1 July

 

The euro area: policy framework and governance

Chair: Livio Stracca

8:15
Registration and coffee
8:45

Introduction

Luis de Guindos, Vice-President of the ECB

9:00

The design of Economic and Monetary Union

Presenter: Jean François Jamet

9:45

The ECB and the Eurosystem: institutional structure and governance

Presenter: Michael Sturm

10:30
Coffee break
11:00

The first 20 years of the European Central Bank: monetary policy

Presenter: Philipp Hartmann

11:45

The international role of the euro

Presenter: Regine Wölfinger

12:30
Buffet lunch
14:00

The Single Supervisory Mechanism

Presenter: Patricia Roa Tejero

15:00
Coffee break
15:30

The ECB’s role in financial stability and macroprudential policy

Presenter: Fatima Pires

16:30

Policy panel on governance and the changing architecture of EMU

Chair: Livio Stracca

Panellists:

  • Agnès Bénassy-Quéré, Paris School of Economics
  • José Leandro, European Commission
17:30
Social programme

Tuesday, 2 July

 

Euro area economy: crises and adjustment

Chair: João Sousa

8:30
Registration and coffee
9:00

The euro area economy: economic conditions, inflation and prospects

Presenter: Neale Kennedy and Gerrit Koester

9:45

The euro area economy: a longer-term perspective

Presenter: Agostino Consolo

10:30
Coffee break
11:00

Macroeconomic imbalances and structural reforms

Presenters: David Sondermann and Tobias Schuler

11:45

Fiscal policies and public finance challenges

Presenter: Stephan Haroutunian

12:30
Buffet lunch
 
Chair: Christiane Nickel
14:00

ECB models and forecasting tools

Presenters: Kai Christoffel and Marta Banbura

15:00

ESCB statistics and the main challenges ahead

Presenter: Vitaliana Rondonotti

16:00
Coffee break
16:15

Policy panel on lessons from the crisis for policy making and crisis prevention (both at EU/EMU level and at the level of Member States)

Chair: Klaus Masuch

Panellists:

  • José-Luis Escrivá, Independent Authority for Fiscal Responsibility, Spain
  • Servaas Deroose, former European Commission
17:30
Group photo
19:00
Social programme

Wednesday, 3 July

 

The ECB’s monetary policy

Chair: Francesco Paolo Mongelli

8:30
Registration and coffee
9:00

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

Presenter: Julian Schumacher

10:00

Monetary and credit analysis

Presenter: Bettina Landau

11:00
Coffee break
11:30

Monetary policy transmission mechanisms

Presenter: Carlo Altavilla

12:30
Buffet lunch
 
Chair: Katrin Assenmacher
14:00

Central bank communication and the role of forward guidance

Presenter: Georg Strasser

15:00

The ECB’s communications and the role of the media

Presenter: Michael Steen

16:00
Coffee break
16:30

Macroprudential policy measures: real economy impact and interaction with monetary policy

Presenter: Kalin Nikolov

17:30

Policy panel on monetary policy in the euro area and the path towards a “new normal”

Chair: Natacha Valla

Panellists:

Thursday, 4 July

 

The ECB's monetary policy implementation framework (I)

Chair: Angelika Lagerblom

8:30
Registration and coffee
9:00

Overview of and recent changes in the monetary policy implementation framework

Presenter: Pontus Åberg

10:00
Coffee break
10:30

Forecasting liquidity and conducting credit operations

Presenter: Irene Katsalirou

11:30

Main features of the euro money market

Presenter: María Encio

12:30
Buffet lunch
14:00
Social programme

Friday, 5 July

 

The ECB's monetary policy implementation framework (II)

Chair: Torsti Silvonen

8:30
Registration and coffee
9:00

Policy panel on monetary policy implementation frameworks in constantly evolving financial markets

Chair: Ulrich Bindseil

Panellists:

  • Helena Adegas, Banco de Portugal
  • Loriana Pelizzon, SAFE at Goethe Universität Frankfurt am Main
  • Marc Resinek, Deutsche Bundesbank
  • Jan De Wit, National Bank of Belgium
10:00
Coffee break
10:30

The Eurosystem collateral framework and the functioning of collateral markets

Presenter: Marco Corsi

11:30

Mitigating risks in the Eurosystem’s monetary policy operations

Presenter: Jorge Mourato

12:30
Buffet lunch
14:00

The Eurosystem’s asset purchase programme, including reinvestment

Presenters: Christophe Beuve, Katharina Plessen-Matyas and Kieran Leonard

15:00

ECB foreign reserves management

Presenter: Etienne Port

15:45
Coffee break
16:00

The Eurosystem’s reserve management services

Presenter: Emily Witt

17:00

Concluding remarks

Francesco Mongelli

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.

Contacts

Antonella Boschi
Directorate General Market Operations
+49 69 1344 8558
CBS2019@ecb.europa.eu