European Central Bank
Dinner Speech by Fabio Panetta
- Title
- Dinner Speech by Fabio Panetta
- Runtime
- 35:18
- Date posted
- 2 years ago
- Description
- Dinner speech
Fabio Panetta, Governor, Banca d'Italia
- Title
- Non Essential Business Cycles
- Runtime
- 57:40
- Date posted
- 2 years ago
- Description
- Session 5 – Business cycles, monetary policy and long-run effects
Session chair: María T. Valderrama, Oesterreichische Nationalbank
Non-Essential Business Cycles
• Michele Andreolli*, Boston College
• Natalie Rickard, London Business School
• Paolo Surico, London Business School
Discussant: Peter Karadi, European Central Bank
- Title
- Do Recessions Slow Technology Growth Evidence from the Firm Level
- Runtime
- 58:01
- Date posted
- 2 years ago
- Description
- Session 5 – Business cycles, monetary policy and long-run effects
Session chair: María T. Valderrama, Oesterreichische Nationalbank
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
Discussant: Paloma López-García, European Central Bank
- Title
- Monetary policy transmission through online banks
- Runtime
- 51:44
- Date posted
- 2 years ago
- Description
- Session 4 – Monetary policy transmission through non-banks
• Samuel Earnest, University of Chicago
• Isil Erel*, The Ohio State University
• Jack Liebersohn, University of California, Irvine
• Constantine Yannelis, University of Chicago
Discussant: Ralf Meisenzahl, Federal Reserve Bank of Chicago
- Title
- Quantitative Easing, the Repo Market, and the Term Structure of Interest Rates
- Runtime
- 52:40
- Date posted
- 2 years ago
- Description
- Session 4 – Monetary policy transmission through non-banks
Session chair: Laura Moretti, Central Bank of Ireland
14:15
Quantitative Easing, the Repo Market, and the Term Structure of Interest Rates
• Ruggero Jappelli*, Goethe University Frankfurt
• Loriana Pelizzon, Leibniz Institute for Financial Research SAFE
• Marti G. Subrahmanyam, New York University
Discussant: Refet S. Gürkaynak, Bilkent University
- Title
- ChaMP Research Network: Policy panel Current issues for monetary policy transmission in Euro
- Runtime
- 1:26:24
- Date posted
- 2 years ago
- Description
- Policy panel: Current issues for monetary policy transmission in Europe
Chair: Katrin Assenmacher, European Central Bank
Panellists:
• Silvia Ardagna, Managing Director and Head of European Economics Research, Barclays
• Mario Centeno, Governor, Banco de Portugal
• Benoit Mojon, Head of Economic Analysis, Bank for International Settlements
• Ricardo Reis, Professor of Economics, London School of Economics
- Title
- ChaMP Research Network: The New Keynesian Climate model
- Runtime
- 1:01:37
- Date posted
- 2 years ago
- Description
- The New Keynesian Climate model
• Jean-Guillaume Sahuc, Banque de France
• Frank Smets, European Central Bank
• Gauthier Vermandel*, École Polytechnique
Discussant: Philipp Pfeiffer, European Commission
- Title
- ChaMP Research Network: Climate Risk, Bank Lending and Monetary Policy
- Runtime
- 1:00:14
- Date posted
- 2 years ago
- Description
- Climate Risk, Bank Lending and Monetary Policy
• Carlo Altavilla, European Central Bank
• Miguel Boucinha, European Central Bank
• Marco Pagano*, University of Naples Federico II
• Andrea Polo, Luiss University
Discussant: Vasso Ioannidou, City University of London, Bayes Business School
- Title
- Monetary Policy, Inflation, and Crises- Evidence from History and Administrative Data
- Runtime
- 56:20
- Date posted
- 2 years ago
- Description
- • Jose-Luis Peydro, Imperial College Business School and Barcelona School of Economics
• Gabriel Jiménez, Banco de España
• Dmitry Kuvshinov*, Universitat Pompeu Fabra
• Björn Richter, Universitat Pompeu Fabra
Discussant: Cristina Manea, Bank for International Settlements
- Title
- ChaMP Research Network: Are low interest rates firing back Interest rate risk in the banking
- Runtime
- 47:07
- Date posted
- 2 years ago
- Description
- • Lara Coulier*, European Central Bank
• Cosimo Pancaro, European Central Bank
• Alessio Reghezza, European Central Bank
Discussant: David Martínez-Miera, Universidad Carlos III de Madrid
- Title
- ChaMP Research Network: Monetary Policy Transmission Through Cross Selling Banks
- Runtime
- 52:43
- Date posted
- 2 years ago
- Description
- Session chair: Margherita Bottero, Banca d’Italia
• Christoph Basten*, University of Zurich
• Ragnar Enger Juelsrud, Norges Bank
Discussant: Camelia Minoiu, Federal Reserve Bank of Atlanta
- Title
- ChaMP Research Network: The Causal Effects of Global Supply Chain Disruptions on Macroeconomic
- Runtime
- 1:00:30
- Date posted
- 2 years ago
- Description
- Xiwen Bai, Tsinghua University
Jesús Fernández-Villaverde, University of Pennsylvania
Yiliang Li*, University of International Business and Economics
Francesco Zanetti, University of Oxford
Discussant: Hilde Bjørnland, BI Norwegian Business School
- Title
- ChaMP Research Network: Session 1 - Supply Chain Shortages, Large Firms Market Power, and Inflation
- Runtime
- 56:36
- Date posted
- 2 years ago
- Description
- Inaugural conference of the ChaMP Research Network
Session 1 - Supply chains, monetary policy transmission and inflation
Supply Chain Shortages, Large Firms Market Power, and Inflation
Francesco A. Franzoni, Universita della Svizzera italiana
Mariassunta Giannetti*, Stockholm School of Economics
Roberto Tubaldi, BI Norwegian Business School
Discussant: Almut Balleer, RWI – Leibniz Institute for Economic Research
- Title
- ChaMP Research Network: Session 1 - Supply chains, monetary policy transmission and inflation
- Runtime
- 56:46
- Date posted
- 2 years ago
- Description
- Inaugural conference of the ChaMP Research Network
Session 1 – Supply chains, monetary policy transmission and inflation
Session chair: Christophe Kamps, European Central Bank
Supply chain constraints and inflation
Diego Comín, Dartmouth College
Robert C. Johnson, University of Notre Dame
Callum J. Jones, Federal Reserve Board
Discussant: Mishel Ghassibe, CREI – Barcelona Center for Research in International Economics
- Title
- ChaMP Research Network: Opening Speech and Introduction
- Runtime
- 53:41
- Date posted
- 2 years ago
- Description
- Inaugural conference of the ChaMP Research Network
Opening speech
Isabel Schnabel, Member of the Executive Board, European Central Bank
Introduction to the ChaMP Research Network
Diana Bonfim, Banco de Portugal and European Central Bank
Emmanuel Dhyne, Nationale Bank van België/Banque Nationale de Belgique
Philipp Hartmann, European Central Bank
- Title
- An innovative and integrated European retail payments market: Panel: Instant payments for end users
- Runtime
- 55:54
- Date posted
- 2 years ago
- Description
- Panel: Bringing instant payments to end users: Next steps for full deployment
Chair: Fiona van Echelpoel, Deputy Director General Market Infrastructure and Payments, European Central Bank
Agustin Reyna, Director for Legal and Economic Affairs, BEUC
Marcel Haag, Director Horizontal Policies for Financial Stability, Financial Services and Capital Markets Union, European Commission
Sandra Peute, Senior Product Manager, ABN AMRO
Fernando Rodríguez Ferrer, Head of Business Development, Bizum
Axel Schaefer, Advisor Payments, Ingka Group Treasury (IKEA)
Instant payments have not yet been fully deployed across Europe. The recently adopted instant payments regulation addresses some key obstacles to the take-up of instant payments. What more is needed to fully roll out instant payments for all European end users, including public administrations, both online and at physical points of sale?
- Title
- Challenges for Monetary Policy Transmission in a Changing World (“ChaMP”) - Day2
- Runtime
- 9:34:55
- Date posted
- 2 years ago
- Description
- Inaugural conference of the ChaMP Research Network
Challenges for Monetary Policy Transmission in a Changing World (“ChaMP”)
Frankfurt am Main
This conference marks the launch of the ChaMP Research Network, which focuses on challenges for monetary policy transmission, amid unprecedented shocks, structural changes and shifting inflation dynamics. It consists of researchers from the ECB and all EU national central banks. Its main goal is to develop research to understand further how these changes have affected the speed, strength, and heterogeneity of monetary policy transmission in the euro area and the European Union.
Programme
* indicates the presenter
Friday, 26 April 2024
Session 3 – Climate risks and challenges for monetary policy transmission
Session chair: Galo Nuño, Banco de España and Bank for International Settlements
8:50
Climate Risk, Bank Lending and Monetary...
- Title
- The ECB Podcast – The power of inflation expectations
- Runtime
- 25:49
- Date posted
- 2 years ago
- Description
- What are inflation expectations? How do our personal experiences shape them? And why do they matter to central banks?
In this episode of The ECB Podcast, our host Stefania Secola and researchers Geoff Kenny and Dimitris Georgarakos discuss how people form expectations about inflation and how we measure them.
The views expressed are those of the speakers and not necessarily those of the European Central Bank.
Published on 26 April 2024 and recorded on 19 April 2024.
In this episode:
01:35 – Inflation expectations
What are inflation expectations, and why do they matter for central banks? How do people form such expectations?
9:25 – The impact on prices
Can inflation expectations shape the prices we end up paying? How might personal perceptions influence wages?
11:30 – Measuring inflation expectations
Why is it important to measure inflation expectations, and how do we do it at the ...
- Title
- An innovative and integrated European retail payments market: Panel: G20 Roadmap
- Runtime
- 1:01:10
- Date posted
- 2 years ago
- Description
- Panel: G20 Roadmap for enhancing cross-border payments: Interlinking of fast payment systems as a priority action
Chair: Tara Rice, Head of Secretariat, Committee on Payments and Market Infrastructures, Bank for International Settlements
Ulrich Bindseil, Director General Market Infrastructure and Payments, European Central Bank
Maha El Dimachki, Head of the Singapore Centre, BIS Innovation Hub
Mehdi Manaa, Chief Executive Officer, Buna
Ritesh Shukla, Chief Executive Officer, NPCI International Payments Limited
José Luis Langa Hernando, Deputy Managing Director, Iberpay
The G20 roadmap addresses major challenges associated with cross-border payments, which, compared to domestic payments, are still expensive, opaque and slow. Enhancing cross-border payments is also part of the Eurosystem retail payments strategy. What is the status of the G20 action plan, and what can central banks and other stakeholders do to move ahead wit...
- Title
- An innovative and integrated European retail payments market: Panel: Financial and tech inclusion
- Runtime
- 1:02:33
- Date posted
- 2 years ago
- Description
- Panel: Financial and technological inclusion in retail payment: Consumers in a digitalised world
Chair: Inge van Dijk, Director Payments & Market Infrastructure, De Nederlandsche Bank
Anne-Sophie Parent, Former Secretary General, AGE Platform
Colleen Dube, Chief Executive Officer, National Adult Literacy Agency
Elin Wihlborg, Professor and researcher focused on democracy, digitalisation and inclusion, Linköping University
Julien Delamorte, Chief Executive Officer, HandSome
Weiwen Zhong, Product Area Lead, ING
In a digitalised world, access to safe, efficient and convenient means of payment remains essential. How can this be achieved when various groups respond differently to innovation? How can we ensure that retail payments are inclusive, and that all citizens can effectively use digital means of payments? How can we guarantee that vulnerable groups are not left behind and do not become easy victims of payment fraud?
- Title
- An innovative and integrated European retail payments market: Keynote Speech: Mairead McGuinness
- Runtime
- 12:21
- Date posted
- 2 years ago
- Description
- Keynote speech
Mairead McGuinness, Commissioner for Financial Services, Financial Stability and Capital Markets Union, European Commission
- Title
- An innovative and integrated European retail payments market: Panel: Strengthening retail payments
- Runtime
- 1:20:50
- Date posted
- 2 years ago
- Description
- Panel: Strengthening the European retail payments landscape: Public and private sectors join forces
Chair: Piero Cipollone, Member of the Executive Board, European Central Bank
Elie Beyrouthy, Chair, European Payments Institutions Federations
Javier Santamaría, Chair, European Payments Council
Joachim Schmalzl, Chairman of the Board, European Payments Initiative
Madalena Cascais Tomé, Chief Executive Officer, SIBS
Evelien Witlox, Digital Euro Programme Manager, European Central Bank
The Eurosystem’s retail payments strategy and the digital euro project aim to achieve a higher level of efficiency, strategic autonomy and resilience in retail payments, as well as supporting digitalisation and innovation. What is the state of progress of the digital euro? How can the public and the private sectors join forces to strengthen the European retail payments market? How can the co-existence of payment solutions based on central ba...
- Title
- An innovative and integrated European retail payments market: Welcome Address and Keynote Speech
- Runtime
- 22:19
- Date posted
- 2 years ago
- Description
- Welcome address
Ulrich Bindseil, Director General Market Infrastructure and Payments, European Central Bank
Keynote speech
Piero Cipollone, Member of the Executive Board, European Central Bank
- Title
- Challenges for Monetary Policy Transmission in a Changing World (“ChaMP”) - Dinner Speech
- Runtime
- 41:26
- Date posted
- 2 years ago
- Description
- Inaugural conference of the ChaMP Research Network
19:30
Dinner speech
Fabio Panetta, Governor, Banca d'Italia
- Title
- Challenges for Monetary Policy Transmission in a Changing World (“ChaMP”) - Day1
- Runtime
- 9:13:56
- Date posted
- 2 years ago
- Description
- Inaugural conference of the ChaMP Research Network
Challenges for Monetary Policy Transmission in a Changing World (“ChaMP”)
Thursday, 25 April 2024
Frankfurt am Main
This conference marks the launch of the ChaMP Research Network, which focuses on challenges for monetary policy transmission, amid unprecedented shocks, structural changes and shifting inflation dynamics. It consists of researchers from the ECB and all EU national central banks. Its main goal is to develop research to understand further how these changes have affected the speed, strength, and heterogeneity of monetary policy transmission in the euro area and the European Union.
Programme
* indicates the presenter
Thursday, 25 April 2024
9:00
Opening speech
Isabel Schnabel, Member of the Executive Board, European Central Bank
9:25
Introduction to the ChaMP Research Network
Diana Bonfim, Banco d...
- Title
- What did we decide in our latest monetary policy decisions? – April 2024
- Runtime
- 0:42
- Date posted
- 2 years ago
- Description
- Earlier this week, we decided to keep our key interest rates unchanged! Our colleague Roberta explains what’s behind our decisions.
If you want to know more, read our monetary policy statement at a glance https://www.ecb.europa.eu/press/press_conference/visual-mps/2024/html/mopo_statement_explained_april.en.html
- Title
- President Lagarde presents the latest monetary policy decisions – 11 April 2024
- Runtime
- 13:12
- Date posted
- 2 years ago
- Description
- Today our Governing Council decided on monetary policy, determining what’s needed to return inflation to our 2% goal in a timely manner.
Listen to President Christine Lagarde present today’s decisions. The statement also covers:
- how the economy is performing
- how we expect prices to develop
- the risks to the economic outlook
- the dynamics behind financial and monetary conditions
Published and recorded during our press conference on 11 April 2024
Additional material
Our monetary policy statement at a glance, 11 April 2024 https://www.ecb.europa.eu/press/press_conference/visual-mps/2024/html/mopo_statement_explained_april.en.html
Christine Lagarde, Luis de Guindos: Monetary policy statement, 11 April 2024 https://www.ecb.europa.eu/press/press_conference/monetary-policy-statement/2024/html/ecb.is240411~9974984b58.en.html
Monetary policy decisions, 11 April 2024 https://www.ecb.e...
- Title
- The ECB Podcast - Quo vadis, inflation?
- Runtime
- 20:45
- Date posted
- 2 years ago
- Description
- We have made good progress in our fight against inflation since we started to tighten our monetary policy in 2022. Where do we stand right now? And what are we keeping a close eye on in the economy?
Host Stefania Secola discusses these topics with our Chief Economist Philip R. Lane. They also talk about the ECB’s recent changes to its operational framework for implementing monetary policy.
The views expressed are those of the speakers and not necessarily those of the European Central Bank.
Published on 25 March 2024 and recorded on 21 March 2024.
In this episode:
00:05 – Inflation right now
How has inflation evolved since its peak in late 2022? What is the outlook for the year ahead and what will shape our future decisions?
04:00 – Wages and inflation
How are rising wages affecting inflation, and is the situation the same across all euro area countries?
08:00 – The state of the labour market
Unemployment is hist...
- Title
- Focus Session (virtual) - Instant Payments: TIPS for getting there
- Runtime
- 2:37:01
- Date posted
- 2 years ago
- Description
- Looking for a solution to comply with the recently adopted regulation on instant payments in the EU? Join our next virtual Focus Session introducing the TARGET Instant Payment Settlement (TIPS) service, the Eurosystem’s platform that will allow you to easily offer instant payment services. Learn how TIPS operates, discover its pricing scheme and find out how you can join the service through this event.
- Title
- What did we decide in our latest monetary policy decisions? – March 2024
- Runtime
- 0:48
- Date posted
- 2 years ago
- Description
- Three things you need to know about the economy right now!
Earlier this week, we decided to keep our key interest rates unchanged!
Our past interest rate hikes are helping to push inflation down. Future decisions will depend on how we see the economy and inflation developing.
Our colleague Pedro explains what’s behind our decisions and how the economy is doing.
If you want to know more read our monetary policy statement at a glance https://www.ecb.europa.eu/press/pressconf/visual-mps/2024/html/mopo_statement_explained_march.en.html
- Title
- ECB Governing Council Press Conference - 7 March 2024
- Runtime
- 49:20
- Date posted
- 2 years ago
- Description
- ECB President Christine Lagarde explains the Governing Council's monetary policy decisions and will answer questions from journalists at the Governing Council press conference to be held on 7 March 2024 at 14:45 CET in Frankfurt am Main.
- Title
- Challenging stereotypes: women in monetary policy
- Runtime
- 2:01
- Date posted
- 2 years ago
- Description
- Monetary policy is a field of economics where women are traditionally underrepresented.
While this situation is slowly improving, much more can be done. Female role models can inspire women to pursue a career in monetary policy and achieve better gender balance in this field.
To mark International Women’s Day, we spoke with top women economists who work in euro area central banks to learn more about their experiences. We also asked for the advice they would give to women interested in building a professional path in economics.
- Title
- President Lagarde presents the latest monetary policy decisions – 7 March 2024
- Runtime
- 12:37
- Date posted
- 2 years ago
- Description
- Today our Governing Council decided on monetary policy, determining what’s needed to return inflation to our 2% target in a timely manner.
Listen to President Christine Lagarde present today’s decisions. The statement also covers:
- how the economy is performing
- how we expect prices to develop
- the risks to the economic outlook
- the dynamics behind financial and monetary conditions
Recorded and published on 7 March 2024
Our monetary policy statement at a glance, 7 March 2024 www.ecb.europa.eu/press/pressconf/…ed_march.en.html
Christine Lagarde, Luis de Guindos: Monetary policy statement, 7 March 2024 www.ecb.europa.eu/press/pressconf/…4650bd5c.en.html
Monetary policy decisions, 7 March 2024 www.ecb.europa.eu/press/pr/date/20…fa52b82b.en.html
Combined monetary policy decisions and statement, 7 March 2024 www.ecb.europa.eu/press/pressconf/…095a37dc4f1f6355
European Central Bank
- Title
- The ECB Podcast - Future euro banknotes, unpacked
- Runtime
- 14:47
- Date posted
- 2 years ago
- Description
- Did you know that euro banknotes are getting a makeover? As the euro turns 25, let’s look at the road ahead for our banknotes. What will future euro banknotes look like, why do we need them, and when can we start using them?
Join our host Stefania Secola and Sarai Artiles, who works on banknote communications, to find out more.
The views expressed are those of the speakers and not necessarily those of the European Central Bank.
Published on 10 February 2024 and recorded on 1 February 2024.
In this episode:
00:05 – The euro is turning 25
The euro unites us – it is used by 350 million people in 20 countries! Euro banknotes are a physical reminder of our shared identity.
01:56 – Why are we redesigning euro banknotes?
Security, environmental aspects and relatability: these are just some of the reasons we are designing a new series of euro banknotes.
05:28 – Many cultures, on...
- Title
- Focus Session: Eurosystem Collateral Management System: Closing remarks
- Runtime
- 5:29
- Date posted
- 2 years ago
- Description
- George Kalogeropoulos, ECB
- Title
- Focus Session: Eurosystem Collateral Management System: Preparing for migration
- Runtime
- 33:02
- Date posted
- 2 years ago
- Description
- All actors who will participate in ECMS will take part in migration rehearsals before the go-live in November 2024. How does the planning look for these and other migration preparation activities? Find out more on the key aspects and milestones related to migration.
Bobby Bashford, ECB
Ana Isa Martins, ECB
- Title
- Focus Session: Eurosystem Collateral Management System: User testing
- Runtime
- 20:39
- Date posted
- 2 years ago
- Description
- The different ECMS functionality are currently being testing by the users. What should users focus on during this period? Gain insights on what the important aspects are in this phase.
Bobby Bashford, ECB
Bamini Raghavan, ECB
- Title
- Focus Session: Eurosystem Collateral Management System: Planning and updated project plan
- Runtime
- 12:55
- Date posted
- 2 years ago
- Description
- The project plan for ECMS has been adjusted for the new go-live date. What does the new launch date mean for the project in terms of the planning and what should be the focus right now?
Flora Laszlo, ECB
- Title
- The ECB Podcast - The ECB’s climate and nature plan: our path to a greener future
- Runtime
- 20:31
- Date posted
- 2 years ago
- Description
- What lies ahead on our path to a greener future? How can we assess the impact of extreme weather on the economy? And how can we tackle financial risks from nature loss and degradation? With its new climate and nature plan, the ECB is stepping up its work in these areas over the next two years.
Our host Stefania Secola discusses this and more with the head of the ECB’s climate change centre, Irene Heemskerk.
The views expressed are those of the speakers and not necessarily those of the European Central Bank.
Published on 31 January 2024 and recorded on 23 January 2024.
In this episode:
01:00 – The ECB’s work on climate
What has the ECB done so far to help tackle climate change, what does it plan to focus on going forward and why is this work important?
04:35 – The intensifying climate crisis
As global temperatures rise and extreme climate events become more frequent and more devastating, wh...
- Title
- International Holocaust Remembrance Day 2024
- Runtime
- 3:57
- Date posted
- 2 years ago
- Description
- The European Central Bank hosted its annual memorial for International Holocaust Remembrance Day in the Jewish memorial at the ECB Main building in Frankfurt, Germany.
- Title
- President Lagarde presents the latest monetary policy decisions – 25 January 2024
- Runtime
- 11:25
- Date posted
- 2 years ago
- Description
- Today our Governing Council decided on monetary policy, determining what’s needed to return inflation to our 2% goal in a timely manner.
Listen to President Christine Lagarde present today’s decisions. The statement also covers:
- how the economy is performing
- how we expect prices to develop
- the risks to the economic outlook
- the dynamics behind financial and monetary conditions
Published and recorded during our press conference on 14 December 2023.
Additional material
Our monetary policy statement at a glance, 14 December 2023 www.ecb.europa.eu/press/pressconf/…december.en.html
Christine Lagarde, Luis de Guindos: Monetary policy statement, 14 December 2023 www.ecb.europa.eu/press/pressconf/…8627de60.en.html
Monetary policy decisions, 14 December 2023 www.ecb.europa.eu/press/pr/date/20…46e62f62.en.html
Combined monetary policy decisions and statement, 14 December 2...
- Title
- ECB Governing Council Press Conference - 25 January 2024
- Runtime
- 46:38
- Date posted
- 2 years ago
- Description
- ECB President Christine Lagarde explains the Governing Council's monetary policy decisions and will answer questions from journalists at the Governing Council press conference to be held on 25 January 2024 at 14:45 CET in Frankfurt am Main.
- Title
- Focus Session (virtual) – Eurosystem Collateral Management System
- Runtime
- 1:33:36
- Date posted
- 2 years ago
- Description
- The Governing Council of the ECB decided to reschedule the launch of the Eurosystem Collateral Management System (ECMS) to November 2024. Learn more about the decision taken and the reasons behind it, as well as the next steps.
- Title
- New Year’s message from President Christine Lagarde
- Runtime
- 2:15
- Date posted
- 3 years ago
- Description
- European Central Bank President Christine Lagarde wishes viewers a healthy and successful 2024. She references the 25th anniversary of the euro as a cause for celebration in the new year.
- Title
- Sixth ECB biennial conference on “Fiscal Policy and EMU Governance” - Dinner speech
- Runtime
- 14:04
- Date posted
- 3 years ago
- Description
- The European Central Bank organised its sixth biennial conference on Fiscal Policy and EMU Governance, which took place in Frankfurt on 18-19 December 2023.
In view of the Covid-19 crisis, the war in Ukraine and its economic consequences, and the current situation of high inflation, the role of fiscal policy for stabilisation and its effects on inflation are matters of interest for both academics and policymakers. The aim of this conference is to explore these issues, including the interaction of fiscal and monetary policy, fiscal policy implications of monetary policy normalisation, and risk-sharing arrangements and private/public balance sheet developments in monetary unions.
Dinner speech
Vítor Gaspar, Director of the Fiscal Affairs Department, International Monetary Fund
- Title
- Sixth ECB biennial conference on “Fiscal Policy and EMU Governance” - Session 3
- Runtime
- 1:38:30
- Date posted
- 3 years ago
- Description
- The European Central Bank organised its sixth biennial conference on Fiscal Policy and EMU Governance, which took place in Frankfurt on 18-19 December 2023.
In view of the Covid-19 crisis, the war in Ukraine and its economic consequences, and the current situation of high inflation, the role of fiscal policy for stabilisation and its effects on inflation are matters of interest for both academics and policymakers. The aim of this conference is to explore these issues, including the interaction of fiscal and monetary policy, fiscal policy implications of monetary policy normalisation, and risk-sharing arrangements and private/public balance sheet developments in monetary unions.
Macroeconomic effects of fiscal policy
Chair: Christiane Nickel, European Central Bank
Fiscal policy in a networked economy
John Sturm Becko, Princeton University, together with Joel P. Flynn and Christina Patterson
Discussant: Andrea Ferrer...
- Title
- ECB MIP Focus Session - Exploratory work
- Runtime
- 1:17:09
- Date posted
- 3 years ago
- Description
- The virtual Focus Session took place on the 15 December 2023 with a title: Potential use of new technology for wholesale central bank money settlement.
The Eurosystem is looking into if, when and how financial market stakeholders could take part in the Eurosystem’s exploratory work. Trials and experiments with solutions for settling central bank money on DLT are planned to start in 2024. Learn more about the planned framework for the conduct of the exploratory work.
Holger Neuhaus, Head of Division, ECB
Claudine O’Connor, ECB
- Title
- Sixth ECB biennial conference on “Fiscal Policy and EMU Governance” - Welcome remarks and Session 1
- Runtime
- 1:49:07
- Date posted
- 3 years ago
- Description
- The European Central Bank organised its sixth biennial conference on Fiscal Policy and EMU Governance, which took place in Frankfurt on 18-19 December 2023.
In view of the Covid-19 crisis, the war in Ukraine and its economic consequences, and the current situation of high inflation, the role of fiscal policy for stabilisation and its effects on inflation are matters of interest for both academics and policymakers. The aim of this conference is to explore these issues, including the interaction of fiscal and monetary policy, fiscal policy implications of monetary policy normalisation, and risk-sharing arrangements and private/public balance sheet developments in monetary unions.
Welcome remarks
Frank Smets, European Central Bank
Session 1
Fiscal policies in monetary unions and the financing of fiscal deficits
Chair: Frank Smets, European Central Bank
Fiscal federalism and monetary unions
Eugenia G...
- Title
- ECB MIP Focus Session - Closing Remarks
- Runtime
- 10:40
- Date posted
- 3 years ago
- Description
- The virtual Focus Session took place on the 15 December 2023 with a title: Potential use of new technology for wholesale central bank money settlement.
Holger Neuhaus, ECB
- Title
- ECB MIP Focus session - Demo: Full-DLT Interoperability solution
- Runtime
- 31:00
- Date posted
- 3 years ago
- Description
- The virtual Focus Session took place on the 15 December 2023 with a title: Potential use of new technology for wholesale central bank money settlement
The Full-DLT interoperability solution “DL3S” allows for settlement of wholesale financial transactions in central bank money in a DLT-based account held on a DLT platform provided by the Eurosystem. The solution is developed and operated by Banque de France.
Victorien Goldscheider, Banque de France
