Formulation and implementation of monetary policy in the euro area

Participation is by invitation only.

Programme

: The policy framework in the euro area

Chairperson: Benjamin Vonessen, Senior Adviser, DG-International & European Relations
8:30: Registration and coffee
9:00: Introduction

Peter Praet, member of the Executive Board of the ECB
9:30: The ECB and the Eurosystem: Institutional structure and internal working

Michael Sturm
10:30: Coffee break
11:00: Economic and Monetary Union in Europe

Boris Kisselevsky
12:30: Buffet lunch
14:00: Financial Stability and Macroprudential Policy

Paul Hiebert
15:00: Coffee break
15:30: The Single Supervisory Mechanism

Patricia Roa Tejero
16:30: Plenary discussion on the economic policy framework in the euro area

Benjamin Vonessen, Paul Hiebert, Boris Kisselevsky, Patricia Roa Tejero and Michael Sturm
17:30: Social programme

: Features of the euro area economy

Chairperson: Klaus Masuch, Principal Adviser, DG-Economics
8:30: Registration and coffee
9:00: The external dimension of the euro area economy

Pavlos Karadeloglou
10:00: Coffee break
10:30: Euro area convergence and enlargement

Christine Gartner
11:30: The euro area economy: Economic conditions, inflation and prospects

Thomas Warmedinger and Gerrit Köster
12:30: Buffet lunch
14:00: Structural and fiscal policies and the functioning of the euro area

David Sondermann and Stephan Haroutunian
15:15: ESCB statistics and its main challenges ahead

Aurel Schubert
16:15: Coffee break
16:30: Plenary discussion on the features of the euro area economy

Klaus Masuch, Thomas Warmedinger, Gerrit Köster, Pavlos Karadeloglou, Christine Gartner, Stephan Haroutunian, David Sondermann and Aurel Schubert
18:00: Group photo
18:30: Dinner hosted by Ignazio Angeloni, Member of the Supervisory Board of the ECB
ECB main building, dinner area

: The monetary policy strategy of the ECB

Chairperson: Natacha Valla, Deputy Director General, DG-Monetary Policy
8:30: Registration and coffee
9:00: The ECB’s monetary policy: Standard and non-standard measures

Katrin Assenmacher
10:30: The ECB’s communication policy

Michael Steen
11:30: Coffee break
12:00: The monetary policy transmission mechanism in the euro area

Georg Strasser
13:00: Buffet lunch
14:30: Monetary and credit analysis

Bettina Landau
15:30: Econometric modelling at the ECB

Kai Christoffel
16:30: Coffee break
17:00: Plenary discussion on monetary policy in the euro area

Natacha Valla, Katrin Assenmacher, Michael Steen, Bettina Landau, Georg Strasser and Kai Christoffel

: The ECB's monetary policy implementation framework (I)

Chairperson: Cornelia Holthausen, Deputy Director General, DG-Market Operations
8:45: Registration and coffee
9:15: Overview of the activities of the Market Operations Analysis Division

Isabel Kerner
9:30: Overview of the monetary policy implementation framework and recent changes

Isabel Kerner
10:45: Coffee break
11:00: Overview of the activities of the Money Market and Liquidity Division

Julija Jakovicka
11:15: Forecasting liquidity and conducting credit operations

Irene Katsalirou
12:00: Main features of the euro money market

María Encio
13:00: Buffet lunch
14:30: Social programme

: The ECB's monetary policy implementation framework (II)

Chairperson: Torsti Silvonen, Deputy Director General, DG-Market Operations
8:30: Registration and coffee
9:00: The Eurosystem collateral framework and the functioning of collateral markets

Marco Corsi
10:15: Coffee break
10:30: Overview of the activities of the Bond Market and International Operations Division

Christophe Beuve
10:45: The Eurosystem’s asset purchase programme

Alexander Düring, Lia Cruz, Katja Hettler and Monika Znidar
12:00: Buffet lunch
13:30: Overview of the activities of the Directorate Risk Management

Jorge Mourato
13:45: Mitigating risks in the Eurosystem’s monetary policy operations

Jorge Mourato
15:00: Coffee break
15:15: Overview of the activities of the Financial Operations Services Division

Michel Stubbe
15:30: The Eurosystem Reserve Management Services (ERMS)

Michel Stubbe
16:45: Concluding remarks

Torsti Silvonen

This programme may be subject to change without notice.

European Central Bank
Main building, conference centre, room C2.02
Sonnemannstrasse 20
60314 Frankfurt am Main

English

Participants are requested to arrange their own transfers from and to the airport

Ruth Antonelli
Directorate General Economics
Phone: +49 69 1344 7093

Margareth Tai
Directorate General Economics
Phone: +49 69 1344 6618