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Monetary Policy after the Crisis. Site: Warsaw, Poland. Date: 04.03.2011. Deadline: 26.11.2010

26.11.2010


SUERF and the National Bank and Poland are jointly organising a one day conference entitled “Monetary Policy  after  the  Crisis”  to  be  held  at  the  premises  of  the  National  Bank  of  Poland,  Warsaw,  on  Friday, 4 March, 2011. The conference aims to contribute to the ongoing discussion of important monetary policybased  issues,  focussing  on  inflation  targeting,  the  coordination  of  monetary,  fiscal  and  macroprudential policies  and  the  monetary  transmission  mechanism.  We  invite  the  submission  of  papers,  covering  the following specific issues:

•    Inflation targeting – what have we learnt from the crisis?
o   May inflation targeting have been partly responsible for the bubbles leading to the crisis?
o   How did inflation targeting perform in the crisis (compared to other strategies)? What forms of
inflation targeting proved to be better suited?
o   What challenges for inflation targeting strategies are faced during the crisis exit phase?
o   Should inflation targeting strategies be adjusted in the light of lessons learnt, and if so, in what
way? In particular: how do financial stability concerns/macroprudential surveillance fit together
with inflation targeting?
•    Coordination of monetary, fiscal and macroprudential policies – what have we learnt from the crisis?
o   Monetary and macroprudential policies – two separate policies? How separate are their goals
and  instruments  really?  Where  are  interrelations?  How  to  deal  with  them?  How  will  they  be
implemented in practice?
o   Monetary and fiscal policies – what is desirable policy mix after the crisis and the sequence of
exit strategies?
o   What repercussions exist for financial intermediaries and the macroeconomy?
o   What repercussions exist for central bank independence and for monetary policy strategies?
•    The monetary transmission mechanism during and after the crisis
o   What  are  the  main  disturbances  in  the  monetary  transmission  mechanism  during  the  crisis?
How persistent are they? Are they of a structural or cyclical nature?
o   What is the impact of unconventional monetary policy instruments on the functioning of money
markets  and  the  monetary  transmission  mechanism?  Does  it  differ  among  the  developed  and
emerging markets?
o   What  are  the  expected  long-term  changes  in  the  monetary  transmission  mechanism,  if  any?
How  will  post-crisis  changes  in  monetary  policy  strategies  affect  the  monetary  transmission
mechanism?
 
Papers  should  be  based  on  solid  theoretical  and  empirical  foundations  and  contain  policy  proposals.  A Scientific  Committee  will  referee  all  submitted  papers.  

E-mail: to Michael Bailey  (michael.bailey@oenb.at

Source: http://www.suerf.org/