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ECB Forum on Central Banking 2023

Macroeconomic stabilisation in a volatile inflation environment

26-28 June 2023, Sintra, Portugal
Conference moderation: Claire Jones, International Economy News Editor, Financial Times

PHOTOS
High-quality images of the ECB Forum are available via Flickr.
Monday, 26 June 2023
18:30

Opening reception and dinner

Hosted by the Executive Board of the European Central Bank

Welcome remarks

Christine Lagarde, President, European Central Bank

Dinner speech: Three Uncomfortable Truths for Monetary Policy

Gita Gopinath, First Deputy Managing Director, International Monetary Fund

Tuesday, 27 June 2023
9:00

Introductory speech

Christine Lagarde, President, European Central Bank

9:30

Session 1: Monetary policy in the face of multiple supply shocks

Chair: Fabio Panetta, Member of the Executive Board, European Central Bank

Paper: “Monetary policy in the face of supply shocks: the role of inflation expectations”

Author: Silvana Tenreyro, external member of the Monetary Policy Committee, Bank of England, and Professor, London School of Economics (together with Nicolò Bandera, Bank of England, Lauren Barnes, Bank of England, Matthieu Chavaz, Bank of England and Lukas von dem Berge, Bank of England and Oxford University)

Discussant: Daniel Gros, Professor, Bocconi University

 10:30

Session 2: Assessing the costs of inflation

Chair: Frank Elderson, Member of the Executive Board, European Central Bank

Paper: “Inflation and misallocation in New Keynesian models”

Author: Francesco Lippi, Professor, LUISS University (together with Alberto Cavallo, Associate Professor, Harvard Business School, and Ken Miyahara, Graduate Student and Research Assistant at EIEF)

Discussant: Sharon Kozicki, Deputy Governor, Bank of Canada

11:30

Coffee break and poster session for the Young Economist Prize

12:00

Panel 1: Structural change in energy markets and implications for inflation

Chair: Isabel Schnabel, Member of the Executive Board, European Central Bank

13:30

Lunch

18:30

Reception and dinner hosted by the Executive Board of the European Central Bank

Wednesday, 28 June 2023
8:30

Poster session for the Young Economist Prize

9:00

Session 3: Monetary policy normalisation

Chair: Luis de Guindos, Vice-President, European Central Bank

Paper: “Balance sheet policy above the ELB”

Author: Annette Vissing-Jørgensen, Senior Adviser, Board of Governors of the Federal Reserve System

Discussant: Jordi Galí, Professor, Pompeu Fabra University

 10:00

Session 4: The optimal mix of fiscal and monetary policy in the context of high inflation

Chair: Luis de Guindos, Vice-President, European Central Bank

Paper: “Unconventional fiscal policy in times of high inflation”

Author: Pierre-Olivier Gourinchas, Economic Counsellor and Director of the Research Department, International Monetary Fund (together with Mai Chi Dao, Allan Dizioli, Chris Jackson and Daniel Leigh, all International Monetary Fund)

Discussant: Giancarlo Corsetti, Professor, European University Institute

11:00

Coffee break

11:30

Panel 2: Lessons from recent experiences in macroeconomic forecasting

Chair: Philip R. Lane, Member of the Executive Board, European Central Bank

13:00

Lunch

14:30

Policy panel

Moderator: Sara Eisen, Closing Bell anchor, CNBC

16:00

Award ceremony for the Young Economist Prize

 

Closing remarks

Christine Lagarde, President, European Central Bank

 

Group photo (all participants)

18:30

Reception and dinner hosted by the Banco de Portugal

This programme may be subject to change without notice.

Audiovisual notice: The entire event will be live streamed. Recordings will be uploaded to the ECB’s website shortly after the end of the Forum. Journalists will be present and will report on the event.

General information

Conference language

English

Contacts

ECB Forum on Central Banking
Conference organisation office

+39 377 979 2264 info@ecbforum.eu
SEE ALSO

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ECB Forum on Central Banking

The ECB Forum on Central Banking is an annual event organised by the European Central Bank and is held in Sintra, Portugal.

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