First Annual ECB Macroprudential Policy and Research Conference (jointly organised with the International Monetary Fund)
European Central Bank, Germany
Main Building, Press Conference Room, Frankfurt am Main
April 26-27, 2016
The European Central Bank (ECB) is launching a new annual conference series on macroprudential policy and research. The first event is organised in collaboration with the International Monetary Fund (IMF). The objective of this series is to bring together academic scholars, policy-makers and practitioners to discuss state-of-the-art research on macroprudential policy, assess the effectiveness of macroprudential regulatory instruments and consider issues for policy implementation.
Organisational Information
The conference will start in the morning of 26 April, 2016 and end in the late afternoon on 27 April, 2016. Attendance is by invitation only.
| Tuesday, April 26, 2016 | |
|---|---|
| 8:30 am | Registration |
| 9:00 am | Welcome Address
Vítor Constâncio, Vice-President, European Central Bank |
| 9:15 am | Opening speech: The rationale for macroprudential policy
Lars Svensson, Stockholm School of Economics |
| 10:00 am |
Session I: Financial cycles, imbalances and early warning indicators Characterising the financial cycle: a multivariate and time-varying approach Financial imbalances, macroeconomic vulnerabilities and monetary policy Risk-taking dynamics and financial stability |
| 12:45 pm | Lunch |
| 14:15 pm |
Session II:Macroprudential regulatory instruments: theory, empirical results and practical experience Higher bank capital requirements and mortgage pricing: evidence from the countercyclical capital buffer (CCB) Macroprudential and monetary policies interactions in a DSGE model for Sweden Regulatory arbitrage in action: evidence from banking flows and macroprudential policy Systemic loops and liquidity regulation Dinner speech: Vítor Constâncio, European Central Bank |
| Wednesday, April 27, 2016 | |
| 8:30 am | Registration |
| 9:00 am |
Keynote speech: Session III:The scope of macroprudential policy, regulatory arbitrage and the role of non-bank activities in systemic risk Effective macroprudential policy: cross-sector substitution from price and quantity measures Cyclical investment behavior across financial institutions Heterogeneous regulation of financial institutions |
| 12:30 pm | Lunch |
| 13:30 pm |
Policy Panel: |
| 15:30 pm | End of Conference |
Conference Organisers:
The organising committee of the workshop includes Carsten Detken, Stephan Fahr, Angela Maddaloni, Simone Manganelli, Carmelo Salleo (all ECB), and Deniz Igan and Erlend Nier (both IMF).