ECB Forum on Central Banking 2021

Introductory speech

Christine Lagarde, President, European Central Bank

Session 1: Micro and macroeconomic perspectives on corporate indebtedness

Corporate Insolvency Rules and Zombie Lending

Victoria Ivashina, Professor, Harvard Business School (together with Bo Becker, Professor, Stockholm School of Economics)

Discussant: Simeon Djankov, Director, Financial Markets Group, London School of Economics

Chair: Luis de Guindos, Vice-President, European Central Bank

Corporate indebtedness and macroeconomic stabilisation from a long-term perspective

Moritz Schularick, Professor of Economics, Sciences Po and University of Bonn

Discussant: Egon Zakrajšek, Senior Adviser, Monetary and Economic Department, Bank for International Settlements

Chair: Fabio Panetta, Member of the Executive Board, European Central Bank

Panel 1: The future of inflation

• Charles Goodhart, Professor Emeritus, London School of Economics
• Gita Gopinath, Economic Counsellor and Director of the Research Department, International Monetary Fund
• Francesco Lippi, Professor, Luiss Guido Carli University

Chair: Isabel Schnabel, Member of the Executive Board, European Central Bank

Session 2: Structural change and the implications of climate change for monetary policy

Productivity and business dynamics through the lens of COVID-19: the shock, risks and opportunities

Chiara Criscuolo, Head of Productivity Innovation and Entrepreneurship Division, Organisation for Economic Co-operation and Development

Discussant: John Van Reenen, Professor, London School of Economics

Chair: Luis de Guindos, Vice-President, European Central Bank

Climate policies and monetary policies in the euro area

Warwick McKibbin, Professor, Australian National University (together with Beatrice Weder di Mauro, Professor, Graduate Institute, Geneva and Maximilian Konradt, PhD Student, Graduate Institute, Geneva)

Discussant: Anna Breman, Deputy Governor, Sveriges Riksbank

Chair: Frank Elderson, Member of the Executive Board, European Central Bank

Panel 2: Monetary policy, employment and inequality

• Juan Dolado, Professor, Universidad Carlos III de Madrid
• Antonella Trigari, Professor, Bocconi University
• Gianluca Violante, Professor, Princeton University

Chair: Philip Lane, Member of the Executive Board, European Central Bank

Policy panel

• Andrew Bailey, Governor, Bank of England
• Haruhiko Kuroda, Governor, Bank of Japan
• Christine Lagarde, President, European Central Bank
• Jerome H. Powell, Chair, Board of Governors of the Federal Reserve System

Moderator: Alessandra Galloni, Editor-in-Chief, Reuters

Young economists’ award announcement and closing remarks

This programme may be subject to change without notice.