ESCB Challenges for Monetary Policy Transmission in a Changing World (ChAMP) Research Network
2nd Workshop of Workstream 2: Transmission through the real economy
Oesterreichiche Nationalbank
Wien, 2 February 2024
The Oesterreischische Nationalbank is hosting the second Workshop of the ChaMP ESCB research network, focusing on the topics covered by the 2nd workstream of that network on 2 February 2024. This will give us the opportunity to meet again and discuss some of the ongoing projects.
Programme
* indicates the presenter
- 8:15
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Registration
- 8:45
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Welcome
Anna Stelzer and Philipp Hartmann
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Session 1: Implications for Monetary Policy from structural change
Chair: Philipp Hartmann, ECB
- 9:00
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Global supply chain pressures, inflation, and implications for monetary policy
Guido Ascari*, Dennis Bonam and Andra Smadu, all De Nederlandsche Bank - 9:45
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Climate-conscious monetary policy
Anton Nakov*, ECB, and Carlos Thomas, Banco de España
- 10:30
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Coffee break
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Session 2: Effects of Monetary Policy on the real economy
Chair: Gonzalo Paz-Pardo, ECB
- 10:45
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How do Monetary Policy, Monetary Policy Shocks and Financial Frictions disturb Total Factor Productivity?
Norbert Ernst, Karin Klieber, Michael Sigmund* and Maria Valderrama, all Oesterreichische Nationalbank
- 11:30
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Monetary Policy and Market Competition: Is Europe Different?
Alexander Popov*, ECB, and Lea Steininger, HU Berlin & WU Vienna & Vienna Institute for International Economic Studies
- 12:15
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Lunch and poster session
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Poster presentations
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Do Recessions Slow Technology Growth? Evidence from the Firm Level
- Michaela Elfsbacka Schmöller, Suomen Pankki – Finlands Bank
- Olga Goldfayn-Frank, Deutsche Bundesbank
- Tobias Schmidt, Deutsche Bundesbank
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The Green Transition and Firms’ Expectations on Future Prices: Survey Evidence
Cristina Angelico, Banca d’Italia
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Exports, Imports and Productivity: Investment with Heterogeneous Firms
Volha Audzei, Jakub Mateju and Ivan Sutóris, all Česká národní banka
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A Heterogeneous Agent Model of Energy Consumption and Energy Conservation
Volha Audzei and Ivan Sutóris, Česká národní banka
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Session 3: Input-Output models
Chair: Emmanuel Dhyne, Nationale Bank van België/Banque Nationale de Belgique
- 13:45
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World Input-Output Matrix of Investment Goods
Javier Quintana*, Banco de España
- 14:30
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Estimating the loss of economic predictability from aggregating _rm-level production networks
- Christian Diem, Vienna University of Economics and Business
- András Borsos, Magyar Nemzeti Bank and Central European University
- Tobias Reisch, Medical University of Vienna
- János Kertész, Central European University
- Stefan Thurner, Medical University of Vienna
- 15:15
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Coffee break
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Session 4. Phillip’s Curves
Chair: Birgit Niessner, Oesterreichische Nationalbank
- 15:30
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Job Polarization, Labor Market Fluidity and the Flattening of the Phillips Curve
Daniele Siena, Politecnico di Milano, and Riccardo Zago*, Banque de France
- 16:15
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Not all supply curves slope up
- Edvin Ahlander, Sveriges Riksbank
- Mathias Klein, Sveriges Riksbank
- Evi Pappa, Carlos III University
- 17:00
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Closing remarks
Emmanuel Dhyne, Nationale Bank van België/Banque Nationale de Belgique