ESCB Challenges for Monetary Policy Transmission in a Changing World (ChAMP) Research Network
3rd Workshop of Workstream 2: Transmission through the real economy
Wednesday, 24 April 2024
European Central Bank
Frankfurt am Main
Programme
* indicates the presenter
- 8:30
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Registration
- 9:00
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Welcome
Emmanuel Dhyne, Nationale Bank van België/Banque Nationale de Belgique
Maria T. Valderrama, Oesterreichische Nationalbank -
Session 1: Strength of monetary policy transmission
Chair: Gonzalo Paz Pardo, European Central Bank (tbc)
- 9:10
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Sensitivity of core inflation to monetary policy in the euro area: A granular approach
Anastasia Allayioti*, Lucyna Górnicka, Sarah Holton, and Catalina Martínez Hernández, all European Central Bank
- 9:50
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When is monetary policy more powerful?
Dilan Aydın Yakut*, David Byrne and Robert Goodhead, all Central Bank of Ireland
- 10:30
-
Coffee break
-
Session 2: Monetary policy transmission through labour markets
Chair: Gabriel Smagghue, Banque de France
- 10:45
-
Firm level heterogeneity and the impact of monetary policy on labour demand
- Gert Bijnens*, Nationale Bank van België/Banque Nationale de Belgique
- John Hutchinson, European Central Bank
- Arthur Saint Guilhem, Banque de France
- 11:25
-
Monetary policy, unemployment, and the firm size distribution
Guido Ascari and Andrea Colciago*, both De Nederlandsche Bank
Marco Membretti, University of Pavia - 12:05
-
Buffet lunch and poster session, together with Workstream 1
-
Inflation (de-)anchoring in the euro area
- Valentin Burban, Banque de France
- Bruno de De Backer*, Nationale Bank van België/Banque Nationale de Belgique
- Andreea Liliana Vladu, European Central Bank
-
The macroeconomic consequences of the energy transition: the impact of capital stocks and anticipation on inflation
- Fanny Henriet, Aix-Marseille School of Economics
- Noëmie Lisack*, European Central Bank
- Harri Turunen, Banque de France
-
Exchange-rate regime breaks and firms' behaviour
- Cosimo Petracchi, Tor Vergata University of Rome
- Marco Stenborg Petterson, University of Naples Federico II
- Luca Riva*, Central Bank of Ireland
-
Monetary policy and earnings inequality: Inflation-dependencies
Jaanika Meriküll, Eesti Pank and Matthias Rottner*, Deutsche Bundesbank
-
Session 3: Energy price shocks and monetary policy
Chair: Galo Nuño, Banco de España and BIS
- 13:30
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Energy price shocks, monetary policy and inequality
Alina Bobasu and Michael Dobrew*, both European Central Bank
Amalia Repele, Bocconi University - 14:10
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The macroeconomic effects of green technology shocks
Fabrizio Ferriani*, Andrea Gazzani and Filippo Natoli, all Banca d’Italia
- 14:50
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Coffee break
-
Session 4: Production networks
Chair: Emmanuel Dhyne, Nationale Bank van België/Banque Nationale de Belgique
- 15:05
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Large shocks, production networks and state-dependent pricing
Mishel Ghassibe, CREI and Barcelona School of Economics, and Anton Nakov*, European Central Bank
- 15:45
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Monetary policy and production networks: Effects on firms’ investments
Emmanuel Dhyne, Nationale Bank van België/Banque Nationale de Belgique
Glenn Magerman and Alberto Palazzolo*, both ECARES (Université Libre de Bruxelles) and Nationale Bank van België/Banque Nationale de Belgique
- 16:25
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General discussion and way forward
- 16:55
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End of workshop
- 18:30
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Drinks followed by networking dinner
This programme may be subject to change without notice.
This meeting will not be recorded.
General information
European Central Bank
C3.07
Sonnemannstrasse 20
60314 Frankfurt am Main
English
Participants are requested to arrange their own transfers, unless indicated otherwise.
- Emmanuel Dhyne, Nationale Bank van België/Banque Nationale de Belgique
- Philipp Hartmann, European Central Bank
- Gonzalo Paz-Pardo, European Central Bank
- Maria T. Valderrama, Oesterreichische Nationalbank
Gonzalo Paz Pardo
Raquel Gil-Antona