Workshop on Monetary Policy and Asset Prices: Lessons from the Crisis and New Tools, 3-4 May 2018
Following the great financial crisis, standard policy rates got constrained by the effective lower bound. In order to further stimulate the economy, many central banks across the globe turned to unconventional monetary policies. The effects of these unconventional monetary policies (e.g. asset purchases, forward guidance, etc.) are currently still debated. In order to provide an opportunity to exchange views between policymakers and academics, the Financial and Monetary Studies Directorate of the Banque de France has organized the workshop ‘Monetary Policy and Asset Prices: Lessons from the Crisis and New Tools’ to improve the understanding of the current monetary policy challenges and point towards possible solutions for the future.
Partager
Contact : DEMFI_CONFERENCE@banque-
Thursday 3 May |
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10:30 | Registration | |
10:45 | ||
Session 1 | New Normal/ New Tools | |
11:00 | Keynote – Frank Smets | |
12:00 | Lunch | |
13:30 | Should Unconventional Monetary Policies Become Conventional? | |
14:10 | Concerted Efforts? Monetary and Macro-Prudential Policies | |
14:50 | A Large Central Bank Balance Sheet? The Role of Interbank Market Frictions | |
Friday 4 May |
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Session 2 | The Low Interest Rate Environment | |
09:30 | Keynote – Glenn Rudebusch | |
10:30 | Break | |
11:00 | Expectation and Duration at the Effective Lower Bound | |
11:40 | A Time Series Model of Interest Rates With the Effective Lower Bound | |
12:20 | A Shadow Rate New Keynesian Model | |
13:00 | Lunch | |
Session 3 | Macroeconomic Effects of Monetary Policy Measures | |
14:30 | Keynote – Thomas Laubach | |
15:30 | Break | |
16:00 | The Time-varying Effects of Conventional and Unconventional Monetary Policy: Results from a New Identification Procedure | |
16:40 | Global Impact of US and Euro Area Unconventional Monetary Policies: A Comparison | |
17:20 | Evaluating the Macroeconomic Effects of the ECB’s Unconventional Monetary Policies | |
programme : Workshop on Monetary Policy and Asset Prices: Lessons from the Crisis and New Tools, 3-4 May 2018
- Publié le 29/03/2018
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Mis à jour le : 15/06/2018 10:15