Bank of England & Banque de France International Macroeconomics Workshop, 10 Novembre 2017

The International Directorate of the Bank of England and the International Macroeconomics Division of the Banque de France are organizing a joint workshop on 10 November 2017 to take place at the Banque de France in Paris. The one-day workshop will feature 6 presentations as well as discussions of papers by academics and BoE/BdF economists. Javier Bianchi (Minneapolis Fed) has accepted to give the keynote lecture.


Organizer: Julia Schmidt (BdF), Ambrogio Cesa-Bianchi & Carlos Van Hombeeck (BoE)


9:30 a.m.


Welcome coffee

9:50 a.m.


Opening Remarks

Olivier Garnier (Banque de France)


10:00 a.m.



Shocks versus Structure: Explaining Differences in Exchange Rate Pass-Through across Countries and Time

Kristin Forbes (MIT-Sloan School of Management, CEPR and NBER)

Ida Hjortsoe (Bank of England and CEPR)

Tsvetelina Nenova (London Business School)


Discussant: Philippe Martin (Sciences Po)


11:00 a.m.


The Effect of Imports from Low-Wage Countries on French Inflation

Juan Carluccio (Banque de France, University of Surrey)

Erwan Gautier (Banque de France, Université de Nantes)

Sophie Guilloux-Nefussi (Banque de France)


Discussant: John Lewis (Bank of England)


12:00 a.m.



12:20 a.m.


International Risk Sharing in an Asymmetric World

Anna Lipinska (Federal Reserve Board) 

Giancarlo Corsetti (University of Cambridge) 

Discussant: Vania Stavrakeva (London Business School)

13:20 a.m.


Lunch at Banque de France

14:30 p.m.


Towards a New Monetary Approach to Exchange Rate Determination

Ambrogio Cesa-Bianchi (Bank of England)

Michael Kumhof (Bank of England)

Andrej Sokol (Bank of England)

Gregory Thwaites (Bank of England)

Discussant: Nuno Coimbra (Paris School of Economics)

15:30 p.m.


Exchange Rate Movements, Firm-Level Exports and Heterogeneity

Antoine Berthou (Banque de France)

Emmanuel Dhyne (National Bank of Belgium and UMONS)


Discussant: Tommaso Aquilante (Bank of England)


16:30 p.m.



16:50 p.m.


Keynote lecture: Exchange Rate Policies at the Zero Lower Bound

Javier Bianchi (Federal Reserve Bank of Minneapolis)

17:50 p.m.



Mis à jour le : 22/11/2017 10:41