Banque de France Conference on Monetary Policy 2026

Central banks face renewed challenges in conducting monetary policy amid heightened uncertainty, supply-side shocks, and constraints on fiscal policy. These developments raise important questions about how monetary policy is transmitted through the financial system, how central bank communication shapes expectations, and how inflation propagates across the economy. At the same time, the design of monetary policy strategies and operational frameworks remains central to ensuring effective monetary policy implementation.

The conference brings together leading researchers from academia, central banks, and other policy institutions to present and discuss recent theoretical and empirical research on these issues. Topics include bank-based monetary transmission, central bank communication, inflation in production networks, fiscal constraints, the role of central bank reserves, and the systematic conduct of monetary policy.