Advanced Search

About us

Workshop on Monetary Policy

26 February 2009
Madrid

Information

The Banco de España hosted a Workshop on Monetary Policy at its headquarters in Madrid on 26 February 2009.

The workshop featured six papers on diverse aspects of the theory of monetary policy, presented and discussed by macroeconomic researchers from the Banco de España, the Eurosystem, and European universities.

More information

Presentations

26 February 2009
 
09.15 - 10.30
"Collateral constraints, bank lending margins and optimal monetary policy"

Javier Andrés, Oscar Arce and Carlos Thomas
    Presentation File PDF: Opens in a new window (400 KB)

Discussant: Tommaso Monacelli File PDF: Opens in a new window (642 KB) (Bocconi University)

11.00 - 12.15
"The inflation-unemployment tradeoff at low inflation rate"

Pierpaolo Benigno and Luca Ricci
    Paper File PDF: Opens in a new window (534 KB)
    Presentation File PDF: Opens in a new window (273 KB)

Discussant: Eva Ortega File PDF: Opens in a new window (232 KB) (Banco de España)

12.15 - 13.30
"Dynamics of the price distribution in a general model of state-dependent pricing"

James Costain and Anton Nakov
    Paper File PDF: Opens in a new window (563 KB)
    Presentation File PDF: Opens in a new window (617 KB)

Discussant: Kevin Sheedy File PDF: Opens in a new window (259 KB) (LSE)

14.30 - 15.45
"Unique monetary equilibria with interest rate rules"

Pedro Teles, B. Adao and I. Correia
    Paper File PDF: Opens in a new window (214 KB)
    Presentation File PDF: Opens in a new window (198 KB)

Discussant: Anton Nakov File PDF: Opens in a new window (431 KB) (Banco de España)

16.15 - 17.30
"Central bank's two way communication with the public and inflation dynamics"

Kosuke Aoki and Takeshi Kimura
    Paper File PDF: Opens in a new window (306 KB)
    Presentation File PDF: Opens in a new window (320 KB)

Discussant: B. Mackowiak File PDF: Opens in a new window (70 KB) (ECB)

17.30 - 18.45
"Monetary policy and the equity premium"

David López-Salido and Christopher Gust
    Paper File PDF: Opens in a new window (327 KB)
    Presentation File PDF: Opens in a new window (467 KB)    

Discussant: Gianluca Benigno File PDF: Opens in a new window (144 KB) (LSE)

Back
© Banco de España. All rights reserved