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Chief economists' workshop: new challenges in assessing and managing inflation expectations - 19 to 21 May 2009

Introduction | Programme

Tuesday 19 May
   
9.00 - 9.25 Arrival and Registration
   
9.25 - 9.30 Introduction and welcome
Ms Gill Hammond, Director, Centre for Central Banking Studies, Bank of England
 
9.30 - 9.45 Opening remarks
Mr Charles Bean, Deputy Governor, Monetary Policy, Bank of England
 
Session 1: Chaired by Mr Spencer Dale, Chief Economist, Bank of England
 
9.45 - 10.45 Download pdf Inflation expectations (148k)
Prof Simon Wren-Lewis, Economics Department and Merton College, University of Oxford, United Kingdom
Download pdf Paper (301k)
   
11.15 - 12.30 Download pdf Inflation targeting during credit market turmoil (979k)
Prof Michael Woodford, John Bates Clark Professor of Political Economy, Columbia University in the City of New York, United States
Download pdf Background Paper (505k)
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Session 2: Chaired by Ms Gill Hammond
   
14.00 - 14.45

Download pdf What can we learn about expectations from the recent monetary experience? (1,229k)
Dr Sukudhew Singh, Assistant Governor, Central Bank of Malaysia
Download pdf Paper (212k)

   
14.45 - 15.30 Download pdf Survey on inflation expectations ((81k)
Dr Ryszard Kokoszczynski, Deputy Director (Research), Economic Institute, National Bank of Poland
 
16.00 - 16.45

Download pdf The link between FX swaps and currency strength during the credit crisis of 2007 - 2008 (244k)
Mr Hans Genberg, Executive Director, Research Department , Hong Kong Monetary Authority
Download pdf Paper (193k)

 
16.45 - 17.30 Download pdf Forecasting inflation: public and private expectations (576k)
Mr Simon Price, Research Adviser, Bank of England
Download pdf Paper (293k)
 
Wednesday 20 May
   
Session 3: Chaired by Mr Peter Westaway, Senior Research Adviser, Bank of England
   
9.30 - 10.45 Download pdf Misperceptions, heterogeneous expectations and macroeconomic dynamics (455k)
Mr Richard Harrison, Senior Economist, Bank of England
Download pdf Paper (374k)
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11.15 - 12.30 Download pdf Monetary and fiscal policy when the anchor cable has snapped (250k)
Prof Christopher Sims, Harold H. Helm 1920 Professor of Economics and Banking, Princeton University, United States
   
Session 4: Chaired by Mr James Proudmen, Head of Monetary Assessment and Strategy Division, Bank of England
   
14.00 - 14.45 Download pdf Inflation expectations and macroeconomics dynamics - UK/US results(1,528k)
Mrs Alina Barnett, Economist, Bank of England
Download pdf Paper (2,360k)
   
14.45 - 15.30 Download pdf Experience of Brazil (323k)
Mr Carlos Hamilton Vasconcelos Araujo, Head of the Research Department, Central Bank of Brazil
   
16.00 - 16.45 Download pdf Survey-based inflation expectations and monetary policy: the Turkish case ((277k)
Dr Ali Hakan Kara, Director General for the Research and Monetary Policy Department, Central Bank of the Republic of Turkey
Download pdf Paper 1 (447k)
Download pdf Paper 2 (334k)
 
16.45 - 17.30 Download pdf Inflation expectations and fixed nominal interest rates(182k)
Mr Andrew Blake, Senior Adviser, Monetary Analysis, Centre for Central Banking Studies, Bank of England
   
Thursday 21 May
 
Session 5: Round table on Quantitative Easing led by Spencer Dale
 
9.30 - 10.45 Dr David Reifschneider, Associate Director for the Division of Research and Statistics, Board of Governors of the Federal Reserve System, United States
Download pdf Dr Michel Peytrignet, Director, Head of Economic Affairs, Swiss National Bank (475k)
   
Session 6: Chaired by Mr Andrew Blake
 
11.15 - 11.45

Download pdf Modelling and interpretation of Inflation expectations (153k)
Mr Pablo Garcia, Chief Economist and Director of Research, Central Bank of Chile
Download pdf Paper (198k)

   
11.45 - 12.15

Download pdf Information content of inflation expectations survey in Hungary (322k)Ms Agnes Csermely, Director, Monetary Strategy and Economic Analysis, Central Bank of Hungary

   
12.15 - 12.45

Download pdf Inflation expectations: how they are formed and what is their role in monetary policy?
(90k)
Dr Karnit Flug, Director, Research Department, Bank of Israel

   
12.45 - 13.00

Closing remarks

 

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