Opțiuni de căutare
Pagina inițială Media Materiale explicative Studii și publicații Statistici Politică monetară Euro Plăți și piețe Cariere
Sugestii
Sortează în funcție de
Nu este disponibil în limba română

ESCB Challenges for Monetary Policy Transmission in a Changing World (ChAMP) Research Network

1st Workshop of Workstream 1: Transmission through banks and non-banks

Banco de Portugal

Lisbon, 31 October 2023

Programme

* indicates the presenter

9:00

Opening remarks

9:30

Session 1 – Old and new challenges for monetary policy

Chair: Björn Imbierowicz, Deutsche Bundesbank

 

The Bank Transmission Channel of Monetary Policy Monetary Policy, Labor Income Redistribution and the Credit Channel: Evidence from Matched Employer-Employee and Credit Registers

  • Martina Jasova, Columbia University, Barnard College
  • Caterina Mendicino*, ECB
  • Ettore Panetti, University of Naples Federico II, CSEF
  • José-Luis Peydró, Imperial College London; Centre for Economic Policy Research (CEPR); Universitat Pompeu Fabra
  • Dominik Supera, Columbia Business School
Discussant: Michael Sigmund, Oesterreichische Nationalbank
 

The Inflationary Effects of Quantitative Easing

Mathias Klein and Xin Zhang*, both Sveriges Riksbank

Discussant: Olivier De Jonghe, Nationale Bank van België/Banque Nationale de Belgique

11:00

Coffee break

11:30

Session 2 – Transmission of monetary policy through non-banks

Chair: Laura Moretti, Central Bank of Ireland

 

Insurance corporations' balance sheets, financial stability and monetary policy

  • Christoph Kaufmann, ECB
  • Jaime Leyva*, Banco de Portugal
  • Manuela Storz, ECB

Discussant: Jurica Zrnc, Hrvatska narodna banka

 

Spare tyres with a hole: investment funds under stress and credit to firms

  • Giulio Nicoletti*, ECB
  • Ersebet-Judit Rariga, ECB
  • Costanza Rodriguez-D'Acri, ECB

Discussant: Filippos Petroulakis, Bank of Greece

13:00


Lunch

14:15

Session 3 – Transmission of monetary policy to households and firms

Chair: Philipp Hartmann, ECB

 

Low interest rates and the distribution of household debt

Marina Emiris*, Nationale Bank van België/Banque Nationale de Belgique, and François Koulischer, University of Luxembourg

Discussant: Simona Malovaná, Česká národní banka

 

Housing Markets and the Heterogeneous Effects of Monetary Policy Across the Euro Area

Stefano Pica*, Banca d'Italia

Discussant: Thomas Krause, Danmarks Nationalbank

 

Monetary policy transmission and the French firms’ corporate debt structure

  • Marie Alder, EUI
  • Nuno Coimbra, Banque de France
  • Urszula Szczerbowicz*, Banque de France

Discussant: Sergio Mayordomo, Banco de España

16:30

Coffee break

16:45

Future steps

17:45

End of the workshop