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Workshop on Monetary Policy

26 February 2009
Madrid
Conferences

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: "Collateral constraints, bank lending margins and optimal monetary policy" File PDF: Opens in a new window (400 KB)

Discussant: Tommaso Monacelli (Bocconi University). Discussant: "Collateral constraints, bank lending margins and optimal monetary policy" File PDF: Opens in a new window (642 KB)

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

Pierpaolo Benigno and Luca Ricci

Discussant: Eva Ortega (Banco de España). Discussant: "The inflation-unemployment tradeoff at low inflation rate" File PDF: Opens in a new window (232 KB)

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

James Costain and Anton Nakov

Discussant: Kevin Sheedy (LSE)Discussant: "Dynamics of the price distribution in a general model of state-dependent pricing" File PDF: Opens in a new window (259 KB)

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

Pedro Teles, B. Adao and I. Correia

Discussant: Anton Nakov (Banco de España). Discussant: "Unique monetary equilibria with interest rate rules" File PDF: Opens in a new window (431 KB)

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

Kosuke Aoki and Takeshi Kimura

Discussant: B. Mackowiak (ECB). Discussant: "Central bank's two way communication with the public and inflation dynamics" File PDF: Opens in a new window (70 KB)

17.30 - 18.45
"Monetary policy and the equity premium"

David López-Salido and Christopher Gust

Discussant: Gianluca Benigno (LSE). Discussant: "Monetary policy and the equity premium" File PDF: Opens in a new window (144 KB)