09:00–09:30
New Perspectives on Quantitative Easing and Central Bank Capital Policies
Keynote address by Tobias Adrian, Financial Counsellor and Director of the Monetary and Capital Markets Department of the International Monetary Fund
Q&A
Conference program
Reykjavík Economic Conference 2024
Co-sponsored with the Central Bank of Iceland.
Thursday, May 23, 2024
09:30–10:15
It’s Baaack: The Surge in Inflation in the 2020s and the Return of the Non-Linear Philips Curve
Pierpaolo Benigno and Gauti Eggertsson
Discussant: Jonathon Hazell
10:45–11:30
Exchange Rates and Monetary Policy with Heterogenous Agents: Sizing up the Real Income Channel
Ludwig Straub
Discussant: Benjamin Johannsen
11:30–12:35
Panel discussion: The promise of macro-pru
Huw Pill, Chief Economist, Bank of England
Governor Ahmet Ismaili, Central Bank of the Republic of Kosovo
Ásgerður Ósk Pétursdóttir, Bath University
13:35–14:20
Banking on Uninsured Deposits
Itamar Drechsler, Alexi Savov, Philipp Schnabl, Oliver Wang
Discussant: Martin Eichenbaum, Northwestern University
14:20–15:05
The Macroeconomic Consequences of Exchange Rate Depreciations
Masao Fukui, Emi Nakamura and Jón Steinsson
Discussant: Morten Ravn
15:30–17:00
Panel discussion: Currency market interventions
Már Guðmundsson, former Governor, Central Bank of Iceland
Governor Martin Galstyan, Central Bank of the Republic of Armenia
Shalva Mkhatrishvili, Head of the Macroeconomics and Statistics Department, National Bank of Georgia
Lawrence Christiano, Northwestern University
Friday, May 24, 2024
09:15–10:30
Panel discussion: Stabilisation in small open economies: With or without independent monetary policy
Governor Madis Müller, Bank of Estonia
Governor Anita Angelovska-Bezhoska, National Bank of the Republic of North Macedonia
Governor Bostjan Vasle, Bank of Slovenia
10:50–11:35
The Macroeconomics of Trade Credit
Luigi Bocola and Gideon Bornstein
Discussant: Chris Clayton
11:35–12:20
The international monetary transmission mechanism
Lawrence Christiano
Discussant: Dmitry Mukhin
13:20–14:00
R*
Keynote address by Christopher J. Waller, Board of Governors of the Federal Reserve System
14:00–14:45
Can Deficits Finance Themselves?
Christian Wolf
Discussant: John Leahy
15:10–16:15
Panel discussion: Fiscal sustainability and the current account
Francesco Bianchi, Johns Hopkins University
Governor Mário Centeno, Banco de Portugal
Herdís Steingrímsdóttir, Copenhagen Business School