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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
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February 27-28, 2003: Monetary Strategies for Accession Countries
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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
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October 4-5, 2002: 1st Workshop on Macroeconomic Policy Research

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Program of the October 4-5, 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)

Discussion

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