Monetary policies worldwide are currently facing a number of challenges, including how to deal with the low level of nominal and real interest rates, how to deal with a persistent undershooting of inflation targets, how to align inflation expectations with the inflation target, how to deal with...

The current macroeconomic environment of low interest rates, low inflation and (in some cases) low growth has been going on for a prolonged period of time in many advanced countries, spurring a debate on both its causes and its policy implications: Why is inflation falling short of central...

In line with the previous editions, this workshop aims to provide a forum for discussing innovative research on the determinants of foreign exchange rates. Economists working in central banks, academia, and the private sector are welcome to participate. The conference organizers welcome...

This course aims to introduce students to the state-of-the-art modeling in an open economy for the study of monetary and fiscal policy questions. Gianluca Benigno will teach the course. The following programme outlines the structure of the course: - Exchange Rate Determination and Monetary...

Topics: - Reforming the Stability and Growth Pact - Financial stability of the EMU - The role of ECB - Fiscal imbalances and sovereign default in the EU - Debt consolidation strategies - Dealing with Current Account Imbalances - The role of EURO in the emerging world monetary system

Topics: - Relationship between monetary policy and financial stability - Stabilization policies during financial crises Papers that combine state-of-the-art theoretical and empirical analyses and policy relevance will be given priorities.

Central bank communication and governance questions have taken on greater importance and, as a result, these institutions have become more transparent. While the appeal of greater transparency is seemingly evident, how transparency improves the conduct of monetary policy is subject to differing...