Bank of Finland and SUERF joint conference on Monetary Policy Approaches: A Comparative Appraisal

PROGRAM

Hours are CET (local time in Helsinki is CET+1/EEST)

11:00 Welcoming address
Esa Jokivuolle, Head of Research, Bank of Finland I SUERF
Jakob De Haan, SUERF President I Professor of Political Economy, University of Groningen

11:15 Opening remarks (Speech)
Olli Rehn, Governor of the Bank of Finland

11:45 Session I: “(Un)conventional approaches”
Chair: Juha Kilponen, Head of Monetary Policy and Research, Bank of Finland

Central banks’ objectives, targets, and tools (Presentation)
Klaus Adam, Professor, University of Mannheim, CEPR, CESIfo

Monetary policy and financial stability (Presentation)
Oreste Tristani, Senior Adviser, ECB

Indebted demand and implications for monetary policy (Presentation)
Ludwig Straub, Professor, Harvard University

13:15 Lunch and Poster Session

During lunch break you may follow a Poster Session chaired by Esa Jokivuolle, Head of Research, Bank of Finland and SUERF

Poster Session: Analysing communication to infer policy-makers intentions and preferences

Paper 1: Reading between the Lines: Using Text Analysis to Estimate the Loss Function of the ECB (Presentation)
Maritta Paloviita, Markus Haavio, Pirkka Jalasjoki, Juha Kilponen and Ilona Vänni, Bank of Finland

Paper 2: Who Talks During Monetary Policy Quiet Periods, and Why? Evidence from the European Central Bank"s Governing Council (Presentation)
Phillipp Gnan, WU Vienna, Institute for Finance, Banking and Insurance
Kilian Rieder, Österreichische Nationalbank

14:15 Session II: “Central banks in a changing world”
Chair: Ernest Gnan, Head of Economic Analysis Division, OENB and SUERF

Central banks and climate change (Presentation)
Anna Breman, Deputy Governor, Sveriges Riksbank

Monetary policy and inequality (Presentation)
Fiorella De Fiore, Head of Monetary Policy, BIS

Policy interactions between monetary and fiscal policies (Presentation)
Leonardo Melosi, Senior Economist, Economic Advisor, Federal Reserve Bank of Chicago

15:45 Coffee break

16:00 Session III Panel: “Experiences from central banks’ strategy reviews”
Moderator: Tuomas Välimäki, Member of the Board, Bank of Finland

Philip Lane, Member of the Executive Board, ECB
Andrew Levin, Professor of Economics, Dartmouth College
Patricia C. Mosser, Director, Columbia University

17:15 End

Program Committee
Fabian Eser, Counsellor to the Executive Board, ECB and SUERF
Ernest Gnan, Head of Economic Analysis Division, OENB and SUERF
Esa Jokivuolle, Head of Research, Bank of Finland and SUERF
Juha Kilponen, Head of Monetary Policy and Research, Bank of Finland
Christian Upper, Head of Macroeconomic Analysis, Monetary and Economic Department, BIS and SUERF