The 14 Chief Economist' Workshop

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.

Event dates: 18 - 19 May 2017

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.


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

PDFFinance and income inequality: a review and new evidence

John Hills, Professor of Social Policy, London School of Economics

PDFFiscal policy and inequality

Wendy Carlin, Department of Economics, University College London

PDFCORE project

Paul Johnson, Director, Institute for Fiscal Studies

PDFFiscal policy, monetary policy and intergenerational inequality in the UK

Haroon Mumtaz, Professor of Economics, Queen Mary University London

PDFThe impact of monetary policy on inequality in the UK. An empirical analysis

Oreste Tristani, European Central Bank

PDFWealth inequality in the euro area: micro-facts and implications for monetary policy

Alejandrina Salcedo Cisneros, Bank of Mexico

PDFPrimary considerations for an emerging market’s central bank regarding the distributional effects of monetary policy

Hans Genberg, South East Asian Central Banks Research and Training Centre

PDFFinancial cycles in emerging markets

Mauro Alessandro, Central Bank of Argentina

PDFHow interest rates, combined with payment to income ratio requirements, have an impact on the access to housing financing

Oscar Arce, Bank of Spain

PDFAgent heterogeneity and monetary policy: the recent experience of the Banco de España

Michal Brzoza-Brzezina, National Bank of Poland

PDFThe demographic transition and monetary policy in a small open economy