Frontiers In Central Banking
A Conference Jointly organized by the National Bank of Hungary, the University of Munster, Germany, and the Viessmann European Research Centre
MAY 10-12, 2007, at the National Bank of Hungary, Budapest, Hungary
A tanulmányok a konferenciára készült eslő munkapéldányok. A szerzők előzetes hozzájárulása nélkül nem sokszorosíthatók, nem közölhetők.
Time | Activity |
Thursday May 10, 2007 | Arrival of Participants |
1:45-2:00pm | Opening Remarks |
Session 1- CHAIR: György Szapáry , MNB | |
2:00-2:45pm | Why Not Price Level Stability? Frank Smets, ECB Vitor Gaspar, Banco de Portugal * |
2:45-3:30pm | Discretion Versus Rules: Lessons from the Volcker-Greenspan Era Robert Hetzel, Federal Reserve Bank of Richmond |
3:30-4:00pm | Coffee break |
Session 2 – CHAIR: Sylvester Eijffinger, Tilburg | |
4:00-4:45pm | Analysis of Financial Stability Charles Goodhart, LSE, Dimitri Tsomocos, Oxford University |
4:45-5:30pm | How Should Central Banks Be Designed To Achieve Financial Stability? Alicia Garcia-Herrero, BIS and Bank of Spain |
7:00pm-10:00pm | Dinner on the Danube |
Friday, May 11, 2007 | |
Session 3 – CHAIR: Julius Horvath, CEU | |
9:00-9:45am | Central Bank Independence and Exchange Rate Regimes Thomas Willett, Eric Chiu, Sirathorn B.J. Dechsakulthorn, Stefanie Walter Claremont Graduate University |
9:45pm-10:30am | Does Central Bank Independence Cause Low Inflation? A Sceptical View Bernd Hayo, Philipps University, Carsten Hefeker, University of Siegen |
10:30-11:00am | Coffee break |
Session 4 – CHAIR: György Kopits, CEU | |
11:00-11:45am | The Economic Impact of Central Bank Transparency: A Survey Carin van der Cruijsen, De Nederlandsche Bank and University of Amsterdam , Sylvester Eijffinger, CentER, Tilburg University , RSM Erasmus University and CEPR |
11:45-12:30pm | Alex Cukierman, Tel-Aviv University |
12:30-2:00pm | Lunch |
Session 5 – CHAIR: Vitor Gaspar, Banco de Portugal | |
2:00-2:45pm | Monetary Policy Committees in Action: Is There Any Room for Improvement? Philipp Maier, Bank of Canada |
2:45-3:30pm | The Role of Corporate Governance in the Effectiveness of Central Banking: Evidence from Developing and Transitional Countries Ifthekar Hasan, Rensselaer Polytechnic Institute , Loretta J. Mester, Federal Reserve Bank of Philadelphia |
3:30-4:00pm | Coffee break |
Session 6 – CHAIR: Donato Masciandaro, Bocconi | |
4:00-4:45pm | National Central Banks in a Multi-National System David Mayes, Bank of Finland , Geoffrey Wood, City University London |
4:45-5:30pm | Alternative Policy Rules in a Model with Endogenous Sudden Stops Gianluca Benigno, LSE , Christopher Otrok, University of Virginia , Alessandro Rebucci, International Monetary Fund, Eric Young, University of Virginia |
6:30-10:00pm | Dinner at MNB |
Saturday May 12, 2007 | Visiting Budapest and Szentendre |