Sixth BIS Research Network meeting on "International macro, price determination and policy cooperation"

The sixth BIS Research Network meeting took place on 28 September 2017, bringing together researchers from academia and central banks on monetary and financial stability. With international policy cooperation as the first theme, participants also discussed mechanisms of price determination in the second session. Charles Engel gave a keynote lecture on "The exchange rate, price setting and financial markets: Consideration for monetary policy in an open economy".

Thursday 28 September 2017

09:00-09:15

Welcome remarks by Luiz A Pereira da Silva

09:15-12:45

Session 1

Chair

Claudio Borio

09:15-10:15

Presenting author
Paper

Giovanni Lombardo
"The international dimensions of macroprudential policies" (presenation)
(with Pierre-Richard Agénor, Enisse Kharroubi, Leonardo Gambacorta and Luiz Awazu Pereira da Silva)

Discussant

Tommaso Monacelli (presentation)

10:15-11:15

Presenting author
Paper

Gianluca Benigno
"Monetary and financial policies in emerging markets" (presentation)
(with K Aoki and N Kiyotaki)

Discussant

Philippe Bacchetta (presentation)

11:45-12:45

Presenting author
Paper

Bartosz Maćkowiak
"Monetary-fiscal interactions and the euro area's malaise" (presentation)
(with M Jarociński)

Discussant

Michael Woodford (presentation)

14:00-16:00

Session 2

 

Chair

Hyun Song Shin

14:00-15:00

Presenting author
Paper

Raphael Auer
"Price and quantity responses to large exchange-rate shocks: evidence from the Great Appreciation in Switzerland" (to follow)
(with A Burstein and S Lein)

Discussant

Oleksiy Kryvtsov (presentation)

15:00-16:00

Presenting author
Paper

Pierre-Olivier Gourinchas
"Dominant currency paradigm" (presentation)
(with C Casas, F Díez, G Gopinath)

Discussant

Daniel Samáno (presentation)

16:15-17:15

Keynote speech

Charles Engel
"The exchange rate, price setting and financial markets: Considerations for monetary policy in an open economy"