40021 Programme
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EURO AREA BUSINESS CYCLE NETWORK (EABCN)
Conference on
"Measuring the Effects of Unconventional Monetary Policy in the Data: What Have We Learned?"
Barcelona, April 27-28, 2018
Hosted by Pompeu Fabra University, Barcelona
A Euro Area Business Cycle Network (EABCN) Conference
www.eabcn.org
Organisers:
Matteo Ciccarelli (European Central Bank)
Refet S. Gürkaynak (Bilkent University and CEPR)
Barbara Rossi (ICREA-Pompeu Fabra University, Barcelona GSE, CREI and CEPR)
Oreste Tristani (European Central Bank)
PROGRAMME (pdf)
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Friday 27 April 2018 |
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09:00-09:30 |
Registration and Welcome |
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09:30-10:20 |
Invited talk: On the Empirical (Ir)Relevance of the Zero Lower Bound Constraint |
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10:20-11:00 |
Negative Interest Rate Policy and Yield Curve |
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11:00-11:30 |
Coffee Break |
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11:30-12:10 |
Forward Guidance, Monetary Policy Uncertainty, and the Term Premium |
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12:10-12:50 |
Mending the broken link: Heterogeneous Lending Rates and Unconventional Monetary Policy |
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12:50-14:40 |
Lunch and Poster session 1 |
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14:40-15:20 |
Delphic and Odyssean Monetary Policy Shocks: Evidence from the Euro-Area |
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15:20-16:00 |
Employment effects of unconventional monetary policy: Evidence from QE |
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16:00-16:30 |
Coffee Break |
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16:30-17:10 |
The Signalling Channel of Negative Interest Rates |
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17:10-17:50 |
The Speed of Exchange Rate Pass-Through |
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17:50-18:40 |
Invited talk: Unconventional Monetary Policy and International Risk Premia |
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Saturday April 28 |
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09:00-9:50 |
Invited Talk: Stock Market's Assessment of Monetary Policy Transmission: The Cash Flow Effect |
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09:50-10:30 |
Communications Breakdown: The Transmission of Different Types of ECB Policy Announcements |
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10:30-11:10 |
Monetary Policy and Inequality under Labor Market Frictions and Capital-Skill Complementarity |
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11:10-11:30 |
Coffee Break |
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11:30-12:10 |
The Effects of Conventional and Unconventional Monetary Policy: A New Identification Procedure |
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12:10-12:50 |
The Dynamic Effects of Forward Guidance Shocks |
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12:50-14:40 |
Lunch and Poster session 2 |
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14:40-15:20 |
Measuring the Effects of Federal Reserve Forward Guidance and Asset Purchases on Financial Markets |
| 15:20-16:10 |
Invited Talk: Negative interest rates: Lessons from the euro area |
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* Indicates the presenter. Invited talks are divided into 40 minutes for the presenter and 10 minutes for general discussion. |
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Poster Session 1 (12.50 – 14.40, Friday 27 April) |
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Monetary Policy Transmission to Mortgages in a Negative Interest Rate Environment Real effects of transferring bond market risk to the Federal Reserve through large-scale asset purchases A Shadow Rate Without a Lower Bound Const Unconventional Monetary Policy and the Interest Rate Channel: Signalling and Portfolio Rebalancing Does Central Bank Transparency and Communication Affect Financial and Macroeconomic Forecasts? The effect of FOMC dissent on financial markets Evaluating the Macroeconomic Effects of the ECB's Unconventional Monetary Policies Rollover Risk and Bank Lending Behavior: Evidence from Unconventional Central Bank Liquidity |
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Poster Session 2 (12.50 – 14.40, Saturday 28 April) |
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TIPS Liquidity Premium and Quantitative Easing On the Macroeconomic Performance of the Euro Area Uncovering the Heterogeneous Effects of ECB Unconventional Monetary Policies across Euro Area Countries Global Factors, International Spillovers, and the Term Structure of Interest Rates: New Evidence for Asian Countries The Effects of ECB’s Asset Purchase Announcements on Euro Area Government Bond Yields Quantitative Easing and the Price-Liquidity Trade-Off Proxy-SVAR as a Bridge for Identification with Mixed Frequency Data |