Banque de France

CGFS- Banque de France Conference on macroprudential policies to mitigate housing market risks

The Banque de France and the Committee on the Global Financial System are organizing a conference in Paris on 24 June 2024.

The conference will bring together leading experts from academia, central banks and other policy institutions to discuss how macroprudential policies can most effectively mitigate the potential financial stability risks arising from housing market developments.

The panel discussions will be based on the findings of the recent CGFS report on “Macroprudential policies to mitigate housing market risks” (link), which draws lessons from the practical experience of authorities in 14 jurisdictions with a combined total of 168 years' experience.

Program

09:00 – 09:10 – Welcome address by Denis Beau (Banque de France)

09:10 – 10:30 – Panel on governance: Sarah Breeden (Bank of England), Tae Soo Kang (KAIST College of Business), Tuomas Peltonen (European Systemic Risk Board), François Haas (Banque de France – moderator), Lu Zhang (De Nederlandsche Bank – lead-off speaker)

11:00 – 12:20 - Panel on structural vs cyclical use of macroprudential policy: Anton Korinek (University of Virginia), Howard Lee (Hong Kong Monetary Authority), Hélène Rey (London Business School), Ryan Banerjee (Bank for International Settlements – moderator), Chris McDonald (Reserve Bank of New Zealand – lead-off speaker)

12:20 – 13:50 – Lunch

13:50 – 14:50 – Panel on current financial stability challenges in housing markets and the distribution of risks: Agnès Bénassy-Quéré (Banque de France), Anil Kashyap (University of Chicago), Philip Lowe (formerly Reserve Bank of Australia), Vas Madouros (Central Bank of Ireland), Emmanuelle Assouan (Banque de France – moderator)

15:20 – 16:30 – Panel on assessing the costs and benefits of macroprudential policy: Moath Alyousef (Saudi Central Bank), Gaston Gelos (Bank for International Settlements), John Muellbauer (University of Oxford), Nikola Tarashev (Bank for International Settlements - moderator), Barbara Jarmulska (European Central Bank – lead-off speaker)

Please click here for the detailed program.