The purpose of the Forum is to promote the discussion of frontier research on empirical and theoretical issues in International Finance, Banking, and Open Economy Macroeconomics, with a special eye on relevance for monetary policy.

The role of fiscal policy for business-cycle stabilisation and for risk sharing in a monetary union is a matter of interest for both policymakers and academics, especially in view of the financial crisis in Europe of past years. The aim of the conference is to explore this role, accompanied by...

The transmission of monetary policy actions to credit markets is substantially influenced by the changing economic environment. Since the start of the Great Recession, credit markets not only have been the source of macroeconomic disturbances but they have also been instrumental in the...

Submissions are welcome on all topics relating to money markets, monetary policy implementation and central bank operations frameworks, in particular: - optimal design of the implementation framework for conventional/unconventional monetary policy measures; - the evolution of central bank...

Topics: - the definition and measurement of global liquidity; - global liquidity and its impact on o international capital flows; o financial, real estate and FX markets; o monetary and financial stability; - the relationship between standard and non-standard monetary policy and global liquidity.

Topics: - Factors accounting for very low global real interest rates - Monetary policy during and after normalisation, including the role for simple rules and forward guidance, and issues posed by balance sheet normalisation - Adverse effects of disinflation, and approaches central banks can use...