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Pictures of the 4th Macroeconomic Policy Research Workshop
9th Macroeconomic Policy Research Workshop on 'Understanding Financial Frictions' September 30-October 1, 2010
September 29-30 2005, 4th Macroeconomic Policy Research Workshop
October 3, 2002: Conference on Nominal and Real Convergence of Accession Countries
October 4-5, 2002: 1st Workshop on Macroeconomic Policy Research
January 19, 2007 Conference on Inflation Targeting
September 24-25, 2004: The CEPR/ESI Eighth Annual Conference: EMU Enlargement to the East and the West
October 26-27, 2006: 5th Macroeconomic Policy Research Workshop on Micro Behavior and Monetary Policy
7th Macroeconomic Policy Research Workshop on Productivity, Trade and Development - October 30-31, 2008
October 2-3, 2003: 2nd Workshop on Macroeconomic Policy Research
October 29-30 2004, 3rd Macroeconomic Policy Research Workshop
11th Macroeconomic Policy Research Workshop on: 'Microeconomic behavior and its macro- economic implications during the financial crisis' - September 6-7, 2012
12th EABCN Workshop: 'International Business Cycle – Linkages, Differences and Implications' June 28-29, 2010
February 27-28, 2003: Monetary Strategies for Accession Countries
European Winter Meeting of the Econometric Society, 12-13 November, 2009, Budapest
May 10-12 2007, Frontiers In Central Banking Conference
November 29-30, 2007: 6th Macroeconomic Policy Research Workshop on Labor markets, wage behavior and inflation dynamics
August 27, 2007: 2nd Japanese-European Bayesian Econometrics and Statistics Meeting
October 2, 2008: Conference on financial awareness
SUERF/MNB Conference: "The Future of Banking in CESEE after the Financial Crisis" June 23, 2010 (and SUERF Annual Lecture on: "The role of domestic financial markets in an integrated Europe")
8th Macroeconomic Policy Research Workshop on DSGE Models: A Closer Look at the Workhorse of Macroeconomics
Pictures of the 7th Macroeconomic Policy Research Workshop
12th Macroeconomic Policy Research Workshop on Growth, Rebalancing, and Macroeconomic Adjustment after Large Shocks - September 19-20, 2013
Pictures of the 8th Macroeconomic Policy Research Workshop

October 3, 2002: Conference on Nominal and Real Convergence of Accession Countries

Print
Program of the October 5, 2002 meetings at the Magyar Nemzeti Bank

"Conference on Nominal and Real Convergence of Accession Countries"

and

"1st Workshop on Macroeconomic Policy Research"

Aims

October 3 Thursday

13:30 – 14:00 Registration

14:00-14:15 Welcome speech by vice governor Peter Adamecz

Conference on Nominal and Real Convergence of Accession Countries

Chairman: Hamecz, István (MNB)

14:30 – 15:15

“On The Estimated Size of the Balassa-Samuelson Effect in CEC5 Countries”

Prepared by the CEC5 Central Banks

Paper presented by: Kovács, Mihály (MNB)

15:15 – 16:15

General discussion

16: 15 – 16:45 Coffee break

16:45 – 17:30

“Adopting the Euro in Hungary: Expected Benefits, Costs and Timing”

Prepared by a team at the National Bank of Hungary

Paper presented by:Csajbók, Attila (MNB)

17:30 – 18:30

General discussion

19:00 Reception given by Governor Zsigmond Járai

1st Workshop on Macroeconomic Policy Research

October 4 Friday

Session I:Keynote speach

9:00 – 9:45

Henry, Jérôme (ECB): Modelling activities in the ECB

9:45 – 10:00 Coffee break

Session II: Theory of Monetary Policy

10:00 – 13:00

Chairman: Simon, András (MNB)

Berg, Claes (Sveriges Riksbank): Simple Rules for Monetary Policy? Some Swedish Experiences

Paper

Discussant: Jakab, Zoltán (MNB)

Benczúr, Péter (MNB): The behavior of the nominal exchange rate at the beginning of disinflations

Paper

Discussant: Henry, Jérôme (ECB)

Sinclair, Peter (Bank of England): Should Currency Be Taxed?

Paper

Discussant: Világi, Balázs (MNB)

13:00 Lunch

Session II: on Theory of Monetary Policy, cont'd

14:00 – 14:50

Csermely, Ágnes – Vonnák, Balázs (MNB): The role of the exchange rate in the transmission mechanism in Hungary

Paper

Discussant: Korhonen, Iikka (Soumen Pankki)

Session III: EMU Accession

14:50 – 16:30

Chairman: Sinclar, Peter (Bank of England)

Van de Coevering, Clement (De Nederlandsche Bank): EU Accession countries and the need for structural convergence and institutional development

Paper

Discussant: Rostowski, Jacek (National Bank of Poland)

Schardax, Franz (Oesterreichische Nationalbank): An Early Warning Model for Currency Crises in Central and Eastern Europe

Paper

Discussant: Jochem, Axel (Deutsche Bundesbank)

16:30 – 16:50 Coffee break

Session III: on EMU Accession, cont'd

16:50 – 18:30

Jochem, Axel(Deutsche Bundesbank): EU-enlargement and financial integration of CEE accession countries

Paper

Discussant: Darvas, Zsolt (MNB)

Chmielewski, Tomasz (National Bank of Poland): Searching for Optimal Balance between Nominal and Real Convergence - Case of Poland

Paper

Discussant: Brucháčová, Anna (National Bank of Slovakia)

19:00 Dinner given by Vice-governor György Szapáry

October 5, Saturday

Session IV: Macromodelling

9:00 – 10:40

Chairman: Berg, Claes (Sveriges Riksbank)

Simon, András–Várpalotai, Viktor (MNB): Precaution, optimal external debt and fully non-Ricardian behavior

Paper

Discussant: Sinclar, Peter (Bank of England)

Világi, Balázs (MNB): Disinflation and exchange rate pass-through in the presence of asymmetric sectoral shocks

Paper

Discussant: Adahl, Martin (Sveriges Riksbank)

10:40 – 11:00 Coffee break

Session IV. on Macromodelling, cont'd

11:00 – 12:40

Vavra, David (Ceska Narodni Banka): The Czech economic transition: exploring options using a macrosectoral model

Paper

Discussant: Peeters, Marga (De Nederlandsche Bank)

Kotlán, Viktor (Ceska Narodni Banka): Inflation Forecasts and the Constant Interest rate Assumption

Paper

Discussant: Ferenczi, Barnabás (MNB)

13:00 Lunch

List of Participants

Pictures of the 4th Macroeconomic Policy Research Workshop
9th Macroeconomic Policy Research Workshop on 'Understanding Financial Frictions' September 30-October 1, 2010
September 29-30 2005, 4th Macroeconomic Policy Research Workshop
October 3, 2002: Conference on Nominal and Real Convergence of Accession Countries
October 4-5, 2002: 1st Workshop on Macroeconomic Policy Research
January 19, 2007 Conference on Inflation Targeting
September 24-25, 2004: The CEPR/ESI Eighth Annual Conference: EMU Enlargement to the East and the West
October 26-27, 2006: 5th Macroeconomic Policy Research Workshop on Micro Behavior and Monetary Policy
7th Macroeconomic Policy Research Workshop on Productivity, Trade and Development - October 30-31, 2008
October 2-3, 2003: 2nd Workshop on Macroeconomic Policy Research
October 29-30 2004, 3rd Macroeconomic Policy Research Workshop
11th Macroeconomic Policy Research Workshop on: 'Microeconomic behavior and its macro- economic implications during the financial crisis' - September 6-7, 2012
12th EABCN Workshop: 'International Business Cycle – Linkages, Differences and Implications' June 28-29, 2010
February 27-28, 2003: Monetary Strategies for Accession Countries
European Winter Meeting of the Econometric Society, 12-13 November, 2009, Budapest
May 10-12 2007, Frontiers In Central Banking Conference
November 29-30, 2007: 6th Macroeconomic Policy Research Workshop on Labor markets, wage behavior and inflation dynamics
August 27, 2007: 2nd Japanese-European Bayesian Econometrics and Statistics Meeting
October 2, 2008: Conference on financial awareness
SUERF/MNB Conference: "The Future of Banking in CESEE after the Financial Crisis" June 23, 2010 (and SUERF Annual Lecture on: "The role of domestic financial markets in an integrated Europe")
8th Macroeconomic Policy Research Workshop on DSGE Models: A Closer Look at the Workhorse of Macroeconomics
Pictures of the 7th Macroeconomic Policy Research Workshop
12th Macroeconomic Policy Research Workshop on Growth, Rebalancing, and Macroeconomic Adjustment after Large Shocks - September 19-20, 2013
Pictures of the 8th Macroeconomic Policy Research Workshop