The international central bank system: conducting monetary policy in a complex environment
This seminar looks at the future implementation of monetary policy and the operational toolkits used by central banks, particularly the European Central Bank.
With a focus on financial market implications, this is the latest in a series of meetings on these issues. Our meetings will cover the interlinkages between the Federal Reserve System and the ECB, the importance of a currency’s international status for domestic economic resilience and more.
The invitation-only meeting convenes around 25 attendees from central banks, international organisations, market participants and financial services sector.
Agenda
15:15-15:30 – Arrival
15:30-16:30 – Session I
- Global financial cycle and interlinkages between the Fed and ECB
- Outlook for the euro area after the ECB interest rate cut
- Is France facing instability – and what will be the effect on Europe? Assessment following the first round of French parliamentary elections
16:30-16:40 – Break
16:40-17:40 – Session II
- Consumer and labour market resilience on both sides of the Atlantic and effects on monetary policies
- Evaluations of central bank operations: how to conduct monetary policy in a world of supply shocks
- Central bank profitability: political and economic implications
17:40-18:30 – Drinks reception
Speakers
Iain Begg
Professorial Research Fellow, European Institute
London School of Economics and Political Science
Iain Begg
Professorial Research Fellow, European Institute
London School of Economics and Political Science
Werner Hoyer
President (2012-23)
European Investment Bank
Werner Hoyer
President (2012-23)
European Investment Bank
Philippe Lagayette
Deputy Governor, Banque de France (1990 - 92)
Philippe Lagayette
Deputy Governor, Banque de France (1990 - 92)
Edoardo Reviglio
Professor of Economics
LUISS Guido Carli
Edoardo Reviglio
Professor of Economics
LUISS Guido Carli
Nout Wellink
President (1997-2011)
De Nederlandsche Bank
Nout Wellink
President (1997-2011)
De Nederlandsche Bank
Martin Wieland
Head, Market Intelligence and Analysis Division, Directorate General Markets,
Deutsche Bundesbank
Martin Wieland
Head, Market Intelligence and Analysis Division, Directorate General Markets,
Deutsche Bundesbank
Ivan Petrella
Professor of Economic Policy and Forecasting
Warwick Business School
Ivan Petrella
Professor of Economic Policy and Forecasting
Warwick Business School
Pawel Kowalewski
Senior Adviser
Narodowy Bank Polski
Pawel Kowalewski
Senior Adviser
Narodowy Bank Polski
Mr. Kowalewski holds a Ph.D. and a Master of Economics from the University of Gdansk. His dissertation was on “The euro’s impact on the international monetary system”. He has been working in central banks for almost two decades. Currently he is affiliated with Narodowy Bank Polski. Previously he worked for the Deutsche Bundesbank and the Austrian OeNB (in cooperation with the scientific institute, The Vienna Institute for International Economic Studies.
Apart from the central banking community, Mr. Kowalewski also worked for the Ministry of Finance (where he was responsible for the management of the public debt), and in the academic world (University of Gdańsk and Vienna University of Economics and Business). In the 1990s he worked for the first private research institute, the Gdańsk Institute for Market Economics.
He is a native of Gdansk and Gdynia area in Poland, and speaks English, Spanish and German in addition to his native language.
Shahin Vallée
Senior research fellow
German Council on Foreign Relations
Shahin Vallée
Senior research fellow
German Council on Foreign Relations
Harald Benink
Professor of Banking and Finance
Tilburg University
Harald Benink
Professor of Banking and Finance
Tilburg University