Währungspolitischer Dialog
Monetary dialogue - 27 November
-
Monetary Dialogue Preparatory Meeting - 14 November
- Link to the Monetary Dialogue Preparatory Meeting (webstreaming)
-
1. Comparative analysis of monetary policy and inflation dynamics in the euro area and the United States
- At a Glance (PDF - 337 KB)
- COMPILATION OF PAPERS (PDF - 10 MB)
- Inflation and monetary policy across the Atlantic: A comparison - Luigi BONATTI, Andrea FRACASSO, Roberto TAMBORINI (University of Trento) (PDF - 1 MB)
- Comparing Fed and ECB monetary policies - Karl WHELAN, University College Dublin (PDF - 1 MB)
- The Inflation Episode: Similarities and differences in the euro area and the United States - Charles WYPLOSZ, the Graduate Institute, Geneva (PDF - 592 KB)
- Inflation dynamics and monetary policy in the euro area and the US - Manuela MOSCHELLA, Davide ROMELLI (CASE) (PDF - 3 MB)
- Are inflation dynamics different in the euro area and the United States? - Christophe BLOT, François GEEROLF (OFCE) (PDF - 2 MB)
-
2. Climate change considerations in monetary policy implementation
- At a Glance (PDF - 167 KB)
- COMPILATION OF PAPERS (PDF - 2 MB)
- Low-carbon allocation in the implementation of monetary policy - Dirk SCHOENMAKER (Bruegel) (PDF - 543 KB)
- Climate Change and Monetary Policy: Risks, instruments, & chances - Sonja DOBKOWITZ, Pia HÜTTL, Alexander KRIWOLUZKY, Jana WITTICH (DIW) (PDF - 624 KB)
- Shades of Green Monetary Policy: Would a green tilt help? - Daniel GROS, Bocconi University & CEPS, Farzaneh SHAMSFAKHR, CEPS (PDF - 429 KB)
- Climate Change and Monetary Policy in the Euro Area - Joscha Beckmann, Klaus-Jürgen Gern, Nils Jannsen, Nils Sonnenberg (Kiel Institute) (PDF - 468 KB)
Monetary Dialogue - 25 September
-
Transcript of the Monetary Dialogue EN (PDF - 203 KB) | FR (PDF - 447 KB) | DE (PDF - 285 KB)
-
Monetary Dialogue Preparatory Meeting - 19 September
-
1. Achieving the right fiscal-monetary mix (in the context of the economic governance review)
- COMPILATION OF PAPERS (PDF - 2 MB)
- The economic governance review and its impact on monetary-fiscal coordination - Zsolt DARVAS and Jeromin ZETTELMEYER (Bruegel) (PDF - 737 KB)
- Monetary-fiscal interaction: achieving the right monetary-fiscal policy mix in the euro area - Kerstin BERNOTH, Sara DIETZ, Rosa LASTRA, Marie RULLIÈRE (DIW) (PDF - 722 KB)
- Big central banks and big public debts: The next challenges - Charles WYPLOSZ (PDF - 579 KB)
- An effective policy mix for the EU’s post-pandemic challenges - Paolo Canofari, Giovanni Di Bartolomeo and Marcello Messori (LUISS) (PDF - 535 KB)
- Fiscal adjustment supports the fight against sticky inflation - Daniel GROS and Farzaneh SHAMSFAKHR (CEPS) (PDF - 375 KB)
-
2. Excess liquidity in the euro area: developments and implications
- COMPILATION OF PAPERS (PDF - 2 MB)
- Excess liquidity in the euro area? Assessment and possible ways forward - Christophe BLOT, Jérôme CREEL and François GEEROLF (OFCE) (PDF - 1 MB)
- Excess liquidity in the euro area: sources and remedies - Marek DABROWSKI (CASE) (PDF - 698 KB)
- The future of ECB liquidity policy - Karl WHELAN (PDF - 447 KB)
Monetary Dialogue - 5 June
-
Transcript of the Monetary Dialogue (EN version) EN (PDF - 264 KB) | DE (PDF - 296 KB) | FR (PDF - 274 KB)
- Euro area monetary policy: quarterly overview, June 2023
-
Monetary Dialogue Preparatory Meeting – 31 May
-
1. Interaction between price stability and financial stability
- COMPILATION OF PAPERS
- Monetary policy and financial stability – Karl WHELAN (University College Dublin) (PDF - 728 KB)
- Is monetary tightening a threat to financial stability? – Christophe BLOT (Sciences Po-OFCE and Université Paris Nanterre), Jérôme CREEL (Sciences Po-OFCE and ESCP Business School), François GEEROLF (Sciences Po-OFCE and CEPR) (PDF - 2 MB)
- Amid price stability and financial stability: Some questions and answers – Luigi BONATTI, Andrea FRACASSO, Roberto TAMBORINI (Department of Economics and Management, University of Trento (Italy)) (PDF - 689 KB)
- Two sides of the same sparkly coin? Disinflation and financial market jitters amid monetary tightening – Christian GLOCKER, Stefan SCHIMAN-VUKAN, Thomas URL (Austrian Institute of Economic Research (WIFO)) (PDF - 636 KB)
-
2. The effects of high inflation and monetary tightening on the real economy
- COMPILATION OF PAPERS
- Inflation and the effects of monetary tightening in the euro area – Klaus-Jürgen GERN, Nils JANNSEN, Nils SONNENBERG (Kiel Institute for the World Economy) (PDF - 1 MB)
- Inflation and inequality: energy and food versus rents – Daniel GROS (CEPS and Bocconi University), Farzaneh SHAMSFAKHR (CEPS) (PDF - 1 MB)
- Real challenges to the ECB – Charles WYPLOSZ (the Graduate Institute, Geneva) (PDF - 589 KB)
- Unavoidable: High inflation and monetary tightening in the euro area – Christopher A. Hartwell (ZHAW School of Management and Law), Koźminski University (CASE – Center for Social and Economic Research) (PDF - 745 KB)
Monetary Dialogue - 20 March
-
Transcript of the Monetary Dialogue EN (PDF - 330 KB) | FR (PDF - 361 KB) | DE (PDF - 308 KB)
-
Monetary Dialogue Preparatory Meeting – 14 March
-
1. Quantitative tightening in the euro area
- COMPILATION OF PAPERS (PDF - 3 MB)
- Finding the right balance (sheet): quantitative tightening in the euro area – Grégory CLAEYS (Bruegel) (PDF - 811 KB)
- ECB stepping on the brake(s): Monetary tightening in an abundant reserve system – Nils SONNENBERG, Kiel Institute for the World Economy (PDF - 1014 KB)
- QT in the euro area – Karl WHELAN (University College Dublin) (PDF - 773 KB)
- Quantitative tightening in homeopathic doses: The ECB and the long shadow of the PSPP and the PEPP – Daniel GROS, Farzaneh SHAMSFAKHR (CEPS) (PDF - 692 KB)
- Now is the time for quantitative tightening – Charles WYPLOSZ (The Graduate Institute, Geneva) (PDF - 491 KB)
-
2. Prospects for monetary policy one year into the war in Ukraine
- COMPILATION OF PAPERS (PDF - 4 MB)
- Inflation dynamics and monetary policy in the euro area – Pierpaolo BENIGNO (Universität Bern), Paolo CANOFARI (Università Politecnica delle Marche, Ancona), Giovanni DI BARTOLOMEO (Sapienza Università di Roma), Marcello MESSORI (Luiss Guido Carli, Roma) (PDF - 1 MB)
- Addressing inflationary risks in the face of high energy prices: what can the ECB do? – Gökhan IDER, Alexander KRIWOLUZKY, Frederik KURCZ, Ben SCHUMANN (DIW Berlin) (PDF - 1 MB)
- Out of the fog? Inflation in an era of ECB policy reversals – Pierre SIKLOS (CASE – Center for Social and Economic Research) (PDF - 822 KB)
- The direct and indirect impacts of the war on inflation – C. BLOT (Sciences Po-OFCE; Université Paris Nanterre), J. CREEL (Sciences Po-OFCE; ESCP Business School), F. GEEROLF (Sciences Po-OFCE; CEPR; University of California, Los Angeles) (PDF - 1 MB)