Narodowy Bank Polski

Conference

Fourth Biennial Conference on
New Dimensions of Monetary Policy

Warsaw, 22-23 September 2022

Narodowy Bank Polski (NBP) in cooperation with the Bank of Lithuania and the Central Bank Research Association’s Inflation: Drivers & Dynamics Program (CEBRA IDD) is organising a conference to discuss current issues in the area of monetary economics. The topics to be covered during the conference include:

• Macroeconomic implications of new monetary policy strategies
• Monetary policy in models with heterogeneous agents
• Implications of structural changes for monetary policy
• Monetary policy and bounded rationality of economic agents
• Distributional effects of conventional and unconventional monetary policy
• International spillovers of monetary policy
• Monetary-fiscal interactions
• Exchange rate regimes and economic adjustment
• Inflation in the post-pandemic world

Keynote speakers:
Alberto Cavallo (Harvard Business School)
Ricardo Reis (London School of Economics and Political Science)

Conference Programme (PDF)

Presentations

• Alberto Cavallo
  „Big Data & Covid Inflation”


• Andrea Ferrero
  “Who Is Afraid of Eurobonds?"


• Anna Rogantini Picco
  “Who Is Afraid of Eurobonds?"


• Anton Nakov
  “Optimal Monetary Policy with r * < 0”


• Clodomiro Ferreira
  The effects of monetary policy through housing and mortgage choices on aggregate demand


• Fiorella de Fiore
  “Monetary policy challenges during and after the pandemic”


• Gernot Muller
  “The Exchange Rate Insulation Puzzle”


• James Costain
  „The term structure of interest rates in a heterogeneous monetary union”


• Karin Kinnerud
  “The effects of monetary policy through housing and mortgage choices on aggregate demand”


• Keith Kuester
  “Optimal Monetary Policy with r*< 0”

Discussion

• Marcin Bielecki
  “The term structure of interest rates in a heterogeneous monetary union”


• Marco Lombardi
  “Fiscal and monetary policy interactions in a low interest rate world”


• Marius Jurgilas
  “Monetary policy challenges during and after the pandemic”


• Michał Brzoza-Brzezina
  “Monetary policy in a two-country model with behavioral agents”


• Peter Lihn Jørgensen
  “Fiscal and Monetary Policy Interactions in a Low Interest Rate World”


• Piotr Szpunar
  “Domestic or global? Drivers of inflation in Poland in 2022”


• Ricardo Reis
  “WHICH R*, PUBLIC BONDS OR PRIVATE INVESTMENT? MEASUREMENT AND POLICY IMPLICATIONS”


• Serdar Kabaca
  “A Preferred Habitat Model of Term Premia, Exchange Rates and Monetary Policy Spillovers”


• Walker Ray
  “A PREFERRED-HABITAT MODEL OF TERM PREMIA, EXCHANGE RATES, AND MONETARY POLICY SPILLOVERS”


• Xing Guo
  “Monetary Policy and Redistribution in Open Economies”


• Zeno Enders
  “Monetary policy in a two-country model with behavioral agents”


• Ziran Ding
  “Monetary Policy and Redistribution in Open Economies”

Papers

• Anna Rogantini Picco
  “Who Is Afraid of Eurobonds?”


• James Costain
  “THE TERM STRUCTURE OF INTEREST RATES IN A HETEROGENEOUS MONETARY UNION”


• Karin Kinnerud
  “The effects of monetary policy through housing and mortgage choices on aggregate demand”


• Ricardo Reis
  “Has monetary policy cared too much about a poor measure of r-star?*”


• Xing Guo
  “Monetary Policy and Redistribution in Open Economies”