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Home > Research > The 14 Chief Economist' Workshop 18-19 May 2017
 

The 14 Chief Economist' Workshop 18-19 May 2017

18 May 2017

​These annual meetings, which bring together chief economists from central
banks and top academic economists to discuss hot topics, have become
known for the frank and lively debates generated in an informal atmosphere.

The topic for the Workshop this year was “The distributional effect of central
banks policies”

• How does central bank policy – including monetary, macro prudential and micro prudential policies - affect the distribution of income and wealth? What are the lessons for the optimal policy mix of central bank policies – and for broader macroeconomic policy?
• What is the evidence on the distributional effects of conventional and unconventional monetary policies?
• Does income and wealth distribution matter for the transmission of monetary policy and for the effectiveness of macro-prudential regulation?
As usual the programme also featured presentations from several delegates.

Selected resources from the event

We heard insights from our distinguished Keynote speakers, Professors Wendy Carlin (UCL), John Hills (LSE) and Haroon Mumtaz (Queen Mary University of London) and Paul Johnson, Director of the Institute for Fiscal studies.
Jakob de Haan, Netherlands Bank

John Hills, Professor of Social Policy, London School of Economics
 
Wendy Carlin, Department of Economics, University College London

Fiscal policy, monetary policy and intergenerational inequality in the UK
Paul Johnson, Director, Institute for Fiscal Studies

The impact of monetary policy on inequality in the UK. An empirical analysis
Haroon Mumtaz, Professor of Economics, Queen Mary University London

Wealth inequality in the euro area: micro-facts and implications for monetary policy
Oreste Tristani, European Central Bank

Primary considerations for an emerging market’s central bank regarding the distributional effects of monetary policy
Alejandrina Salcedo Cisneros, Bank of Mexico
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