Programme: Panel 1: Scars or scratches: how damaging is the fall-out from the crisis for the real economy and the natural rate of interest? Panel 2: The financial sector and prudential policies in the new normal. Panel 3: Monetary policy beyond normalisation: objectives and instruments.

Conference program: Session I - Capital controls and foreign exchange interventions; Policy Panel - Capital flows and the international dimension of monetary policy; Session II - Capital flows and macroeconomic performance.

The conference aims to contribute to the ongoing discussion of important monetary policy-based issues, focussing on inflation targeting, the coordination of monetary, fiscal and macroprudential policies and the monetary transmission mechanism.

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