- 5th Joint Workshop of the Macroprudential Analysis Working Group (MPAG) and Analysis Working Group (AWG)
Inflation and Financial Stability
Programme
Thursday, 17 November 2022
- 11:00
-
Opening remarks
Emmanuelle Assouan, Deputy Director General, Financial Stability at Banque de France & AWG-MPAG Co-Chair
-
Session 1: Impact of rising inflation on the non-financial private sector
Chair: Robert Kelly, Central Bank of Ireland
- 11:10
-
Winners and losers from unexpected inflation
Presenter: Filippo Pallotti, University College London
Discussant: Magnus Andersson, ESRB
- 11:45
-
A micro-simulation model for household resilience assessment for Ireland
Presenter: Tamanna Adhikari, Central Bank of Ireland
Co-authors: Fang Yao, Central Bank of Ireland
Discussant: Daniel Dieckelmann, ECB
- 12:20
-
Coffee break
- 12:30
-
Aggregate effects of inflation on financial stability
Presenter: Aino Silvo, Bank of Finland
Co-authors: Samu Kärkkäinen, Bank of Finland
Discussant: Petteri Juvonen, Bank of Finland
- 13:05
-
End of morning session
- 14:05
-
Keynote address “Financial Stability considerations for monetary policy”
Chair: Paul Hiebert, ECB
Keynote speaker: Nina Boyarchenko, Federal Reserve Bank of New York
-
Session 2: Rising inflation, financial stability and macroprudential policy
Chair: Emmanuelle Assouan, Banque de France
- 15:05
-
A tail of three occasionally-binding constraints: a modelling approach to GDP-at-Risk
Presenter: Kristina Bluwstein, Bank of England
Co-authors: David Aikman, King’s College of London and Sudipto Karmakar, Bank of England
Discussant: Stephan Fahr, ECB
- 15:40
-
Coffee break
- 15:50
-
Macroeconomic effects of macroprudential policies
Evidence from a narrative panel VAR for the Euro Area
Presenter: Katarzyna Budnik, ECB
Co-authors: Gerhard Runstler, ECB
Discussant: Antonio Conti, Banca d’Italia
- 16:25
-
Business cycle response to inflation shocks: the role of debt maturity and interest rate type
Presenter: Fabio Massimo Piersanti, Banca d’Italia
Co-authors: Valentina Michelangeli, Banca d’Italia
Discussant: Lisa Kerdelhue, Banque de France
- 17:00
-
Concluding remarks
Paul Hiebert, Head of Systemic Risk & Financial Institutions, at European Central Bank & AWG-MPAG Co-Chair
- 17:05
-
End of the workshop
- Emmanuelle Assouan, AWG-MPAG Co-Chair, Banque de France
- Paul Hiebert, AWG-MPAG Co-Chair, ECB
- Ludivine Berret, AWG Secretary, ESRB Secretariat
- Giorgia De Nora, MPAG Secretary, ECB
- Magnus Andersson, ESRB Secretariat
- Federico M. Signoretti, Banca d’Italia
- Peter Welz, ECB
- Anne McTaggart, ECB
- Shirley Simmons-Nocca, ESRB Secretariat
General information
Workshop date: Thursday November 17th, 2022
Workshop Venue: Online – WebEx
Workshop Language: English
Organisers:
Contacts:
AWG-MPAG Secretariat
Anne McTaggart
Please note that this programme may be subject to change without notice.