| Program of the Conference
Day one - 2 June
| 8:30 - 8:45 | Opening of the conference
Leszek Balcerowicz - President of the NBP | First Session: Theoretical Aspects - Chair: Sylvester C.W. Eijffinger, Tilburg University and CEPR
| 8:45 - 9:30 | Is Central Bank Transparency Desirable? | | | Anne C. Sibert, Birkbeck College
| | | Discussant: Petra M. Geraats, University of Cambridge
| | 9:30 - 10:15 | Central Bank Transparency Under Model Uncertainty | | | Stefano Eusepi, Federal Reserve Bank of New York
| | | Discussant: Marco Hoeberichts, De Nederlandsche Bank and University of Amsterdam
| 10:15 - 11:00
| The Value of Central Bank Transparency When Agents Are Learning | | | Michale Berardi, Sant'Anna School of Advanced Studies
| | | Discussant: Peter Karadi, The Central Bank of Hungary
| 11:00 - 11:15
| Coffee break
| 11:15 - 12:00
| Central Bank Forecasts and Disclosure Policy: Why it Pays to Be Optimistic | | | Sylvester C. W. Eijffinger, CentER Tilburg University
Mewael F. Tesfaselassie, CentER Tilburg University
| | | Discussant: Maria Demertzis, De Nederlandsche Bank and University of Amsterdam
| 12:00 - 12:45
| Voting Transparency and the Optimal Remuneration of Central Bankers in a Monetary Union | | | Volker Hahn, University of Heidelberg
| | | Discussant: Carsten Hefeker, University of Siegen and CESifo
| 12:45 - 14:15
| Lunch
| Second Session: Empirical Evidence - Chair: Jakob de Haan, University of Groningen and CESifo
14:15 - 15:00
| Communication and Decision-Making by Central Bank Committees: Different Strategies, Same Effectiveness? | | | Michael Ehrmann, European Central Bank
| | | Discussant: Jakob de Haan, University of Groningen and CESifo
| 15:00 - 15:45
| The Impact of Central Bank Transparency on Infation Expectations | | | Carin van der Cruijsen, De Nederlandsche Bank and University of Amsterdam
Maria Demertzis, De Nederlandsche Bank and University of Amsterdam
| | | Discussant: Marie Musard-Gies, IXIS Corporate and Investment Bank and University of Orleans
| 15:45 - 16:00
| Coffee break
| 16:00 - 16:45
| Does it Pay to Watch Central Bankers' Lips? The Information Content of ECB Wording | | | Friedrich Heinemann, Centre for European Economic Research
| | | Discussant: Carlo Rosa, London School of Economics
| 16:45 - 17:30
| Were verbal efforts to support the euro effective? A high-frequency analysis of ECB statements | | | David-Jan Jansen, De Nederlandsche Bank
Jakob de Haan, University of Groningen and CESifo
| | | Discussant: Marc Tomljanovich, Colgate University
| | 17:30 - 18:15 | Do financial markets react to Bank of England communication? | | | Rachel Reeves, Bank of England
Michael Sawicki, Bank of England
| | | Discussant: Andrzej Sławiński, The National Bank of Poland and Warsaw School of Economics
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| Day two - 3 June
8:30 - 8:35
| Opening of the second day of the conference
| 8:35 - 10:30
| Panel Session
| | Chair: | Krzysztof Rybiński, Deputy President of the NBP | | Participants: | Claes Berg, Riksbank
Sylvester C.W. Eijffinger, Tilburg University and CEPR
Bernhard Winkler, European Central Bank
| 10:30 - 10:45
| Coffee break
| Third Session: Special Topics
- Chair: Krzysztof Rybiński, Deputy President of the NBP
| 10:45 - 11:30 | Secrecy versus Selective Disclosure in Sterilized Foreign Exchange Interventions | | | Richard C. Barnett, Villanova University
| | | Discussant: Lubos Komarek, Czech National Bank and Prague School of Economics
| | 11:30 - 12:15 | Credibility and Transparency. Some Evidence on Inflation Targeting in Poland | | | Tomasz Łyziak, National Bank of Poland
Joanna Mackiewicz, Warsaw University
Ewa Stanisławska, National Bank of Poland
| | | Discussant: Dariusz Filar, The National Bank of Poland
| 12:15 - 12:30
| Coffee break
| | 12:30 - 13:15 | Inflation expectations of Polish entrepreneurs. Does the central bank communication matter? | | | Anna Czogała, National Bank of Poland
Adam Kot, National Bank of Poland
Agnieszka Sawicka, National Bank of Poland
| | | Discussant: Lucjan T. Orłowski, Sacred Heart University and Center for Social and Economic Research
| | 13:15 - 14:00 | Monetary Policy Transparency in the Inflation Targeting Countries: the Czech Republic, Hungary and Poland | | | Mariusz Jarmużek, Center for Social and Economic Research (CASE) and University of Warwick
Lucjan T. Orłowski, Sacred Heart University and Center for Social and Economic Research (CASE)
Artur Radziwiłł, Center for Social and Economic Research (CASE) and Birkbeck College
| | | Discussant: Michał Brzoza - Brzezina, The National Bank of Poland
| 14:00 - 14:30
| Closing of the conference
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| Conference papers were chosen by a Committee comprising of Sylvester Eijffinger, Jakob de Haan and Krzysztof Rybiński. The authors of conference papers are presented in conference materials. Only speakers presenting conference papers are included in this program. |