Thursday 10 September
| 13:30 |
Welcome: Jaime Caruana
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| 13:45 | Keynote speech "Price Stability and Financial Stability: Policy Trade-offs and Central Bank Responsibilities" by Lucas Papademos | |
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Session 1: DSGE with Banking | |
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Chair: Frank Smets | |
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14:15
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"Bank Capital Regulation, Lending Channel and Business Cycles" by Longmei Zhang (paper, presentation)
Discussant: David Vestin (presentation) |
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| 15:45 |
"Banks, Credit Market Frictions and Business Cycles" by Ali Dib (paper, presentation)
Discussant: Andrea Gerali (presentation) |
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| 16:45 |
Lecture "Credit Spreads and the Macroeconomy" by Simon Gilchrist (presentation)
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Friday 11 September
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Chair: Claudio Borio
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| 8:45 |
Keynote speech "Integrating financial stability: new models for a new challenge" by Stephen Cecchetti (paper)
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Session 2: Credit cycles and asset price booms |
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| 9:15 |
"An empirical assessment of the risk taking channel" by Yener Altunbas, Leonardo Gambacorta and David Marques-Ibanez (paper, presentation)
Discussant: Gabriel Jiménez (presentation) |
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10:45
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"Speculative Growth, Overreaction, and the Welfare Cost of Technology-Driven Bubbles" by Kevin J Lansing (paper, presentation)
Discussant: Ester Faia (presentation) |
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| Session 3: New Transmission Mechanisms | ||
| 11:45 |
"Risk-Shifting, Fuzzy Capital Requirements and the Build up of Financial Fragility" by Simon Dubecq, Benoit Mojon and Xavier Ragot (paper)
Discussant: Christian Upper (presentation) |
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| Chair: Carsten Detken | ||
| 14:15 | Keynote speech "Using research in the crisis" by Randall Kroszner | |
| Session 3: New Transmission Mechanisms (contd) | ||
| 14:45 |
"Monetary Policy, Housing Booms, and Financial (Im)Balances in the U.S." by Sandra Eickmeier and Boris Hofmann
Discussant: Mathias Drehmann |
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| 16:00 |
"Money Talks: Information and Monetary Policy" by Marie Hoerova, Cyril Monnet and Ted Temzelides (paper, presentation)
Discussant: Olivier Loisel (presentation) |
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