Challenges in Understanding the Monetary Transmission Mechanism
Narodowy Bank Polski
Warsaw, 21-22 March 2019
The conference covers a broad range of themes related to challenges and advancements in understanding the monetary transmission mechanism. It seeks to bring together recent contributions in this area of research, including studies with strong theoretical basis as well as empirical papers.
Specific examples of relevant topics include:
- The role of uncertainty, asymmetries, globalisation, country characteristics, zero lower-bound and housing on the transmission mechanism of monetary policy.
- The effects of unconventional monetary policy.
- New approaches to identification of the monetary transmission mechanism.
- The role of heterogeneity for the transmission of monetary policy.
- Recent inflation dynamics and monetary policy.
- Demographic trends and the monetary transmission mechanism.
- Granular and big data in the analysis of the monetary transmission mechanism.
Olivier Coibion (University of Texas an NBER), Jordi Gali (CREI, CEPR and NBER), Ricardo Reis (London School of Economics, CEPR and NBER) are confirmed invited speakers.
The conference is organised by Narodowy Bank Polski and the Euro Area Business Cycle Network.
- Brent Bundick, Trenton Herriford, A. Lee Smith:
Forward Guidance, Monetary Policy Uncertainty & the Term Premium
- Jagjit Chadha, Luisa Corrado, Jack Meaning, Tobias Schuler:
The Money Multiplier in the Financial Crisis: a Quantitative Evaluation
- Tomasz Chmielewski, Tomasz Łyziak, Ewa Stanisławska:
Risk taking channel – does it operate in the Polish banking sector?
- Olivier Coibion, Yuriy Gorodnichenko, Saten Kumar, Mathieu Pedemonte:
Inflation Expectations – A Policy Tool?
- Wei Cui, Vincent Sterk:
- Davide Debortoli, Jordi Galí, Luca Gambetti:
On the Empirical (Ir)Relevance of the Zero Lower Bound Constraint
- Michael Ehrmann, Gaetano Gaballo, Peter Hoffmann, Georg Strasser:
Can more public information raise uncertainty? The international evidence on forward guidance
- Adam Elbourne, Kan Ji:
Do zero and sign restricted SVARs identify unconventional monetary policy shocks in the euro area?
- Stefano Eusepi, Marc Giannoni, Bruce Preston:
On the Limits of Monetary Policy
- Ester Faia, Vincenzo Pezone:
Monetary Policy and the Cost of Wage Rigidity: Evidence from the Stock Market
- Stephen Hansen, Michael McMahon, Matthew Tong:
The Long-Run Information Effect of Central Bank Communication
- Thomas Hasenzagl, Filippo Pellegrino, Lucrezia Reichlin, Giovanni Ricco:
A Model of the Fed’s View on Inflation
- Andrzej Kocięcki:
Time Varying Structural Vector Autoregressions: Some New Perspective
- Paweł Kopiec:
Monetary-Fiscal Interactions and Household Heterogeneity: an Analytical Characterization
- Michele Lenza, Jirka Slacalek:
How Does Monetary Policy Affect Income and Wealth Inequality? Evidence from Quantitative Easing in the Euro Area
- Jesper Lindé, Mathias Trabandt:
Resolving the Missing Deflation Puzzle
- Matthias Meier, Timo Reinelt:
The Misallocation Channel of Monetary Policy
- Alberto Polo:
Imperfect Pass-through to Deposit Rates and Monetary Policy Transmission
- Ricardo Reis:
The People Versus the Markets: Long-run Inflation and Monetary Policy