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2007. május 10-12. Frontiers in Central Banking konferencia

nyomtatás

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

The Limits of Transparency

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