About the conference
The 16th BIS Annual Conference focused on "Causes of the persistent low interest rate environment that has prevailed over the past decade, its economic and financial implications, and the challenges going forward". The conference proceedings will be published in the BIS Papers No 98 in July 2018.
The specific issues included:
- The global interest rate environment
- Low interest rates and changes in financial intermediation
- Why are interest rates so low?
- Inside money and monetary policy
Conference materials
Jaime Caruana, Bank for International Settlements
Chair
Thomas Jordan, Swiss National Bank
Speaker
Richard H Clarida, Columbia University | presentation
Paper
Discussants
- Narayana Kocherlakota, University of Rochester | presentation
- Lucrezia Reichlin, London Business School | presentation
Chair
Elvira Nabiullina, Central Bank of the Russian Federation
Speaker
Luigi Zingales, University of Chicago Booth School of Business
Paper
The origins of Italian NPLs
Discussants
- Viral V Acharya, Reserve Bank of India | presentation
- Isabel Schnabel, University of Bonn | presentation
Chair
Stephen S Poloz, Bank of Canada
Speaker
Ricardo Caballero, Massachusetts Institute of Technology | paper, presentation
Paper
On the macroeconomics of risk intolerance
Discussants
Chair
Ilan Goldfajn, Central Bank of Brazil
Speaker
Monika Piazzesi, Stanford University | presentation
Paper
Payments, credit and asset prices
Discussants
- Markus Brunnermeier, Princeton University | presentation
- Sukhdave Singh, Central Bank of Malaysia | remarks
Chair
Jens Weidmann, Chairman, BIS Board, President, Deutsche Bundesbank
Panellists
- Alan Blinder, Princeton University
- Philip Lowe, Reserve Bank of Australia