Dear colleague, May I draw your attention to a SUERF I ECB I Bank of Finland I Banca d’Italia workshop: “Macroeconomic models for monetary policy: State of play and way forward”<https://www.suerf.org/monpolmacromodelling>, which will take place on Thursday, 3 February 2022, online from 13:30 to 17:00 CET. In case you are not able to attend or want further colleagues to also listen in, please feel free to forward this e-mail invitation. For registration<https://www.lyyti.fi/reg/BoF-SUERF-joint-conference>, please use this link<https://www.suerf.org/registration/8801/monpolmacromodelling>. Kind regards Ernest Gnan Prof Dr Ernest Gnan Secretary General, SUERF – The European Money and Finance Forum www.suerf.org<http://www.suerf.org/> Counsel to the Board and Head, Economic Analysis Division Oesterreichische Nationalbank PO box 61, 1011 Vienna, Austria ernest.gnan@oenb.at<mailto:ernest.gnan@oenb.at> +43 1 40420 7400 [cid:image001.png@01D806E3.DD01B890]<https://www.suerf.org/monpolmacromodelling> Online Workshop “Macroeconomic models for monetary policy: State of play and way forward”<https://www.suerf.org/monpolmacromodelling> Dear colleagues, We are pleased to announce that registration is now open for the forthcoming SUERF-ECB-Bank of Finland-Banca d’Italia workshop on “Macroeconomic models for monetary policy: State of play and way forward”<https://www.suerf.org/monpolmacromodelling>, to be held virtually on Thursday, 3 February 2022, 13:30-17:00 CET. Motivation Economic models play a central role in modern central banks’ assessment of the state of the economy (nowcasting), the forecasting of macroeconomic developments and inflation over the relevant policy horizon (2-3 years), the calibration of the adequate monetary policy stance and instruments, the appraisal of costs, benefits and risks of alternative policy routes (e.g. scenario analysis), as well as the identification of long-term secular economic trends. This workshop offers an overview of central banks’ macroeconomic modelling toolbox in the context of central banks’ monetary policy strategy reviews and with a view to coping with the challenges from climate change, a falling r*, proximity to the effective lower bound on interest rates, and the COVID crisis. The workshop will translate the technical modelling work into a policy-oriented format accessible to economic policy makers, financial practitioners, and economists active outside the narrow field of economic modelling and forecasting. The workshop brings together major global institutions active in the field. The aim is to provide orientation over the multitude of evolving workstreams and approaches, to encourage benchmarking and cross-fertilization between institutions, to link interested researchers, and to open avenues for future cooperation. Scientific coordination Matthieu Darracq Paries, ECB; Ernest Gnan, OeNB and SUERF; Juha Kilponen, Bank of Finland, and Alessandro Notarpietro, Banca d’Italia. CET Thursday, 3 February 2022 • Online via Webex 13:30 Opening and welcome Ernest Gnan, OeNB and SUERF 13:35 Session 1: Evolving role of macroeconomic models in central banks’ monetary policies: key lessons from recent Strategy Reviews Introduction and moderation: Fiorella De Fiore, BIS Alessandro Notarpietro, Banca d’Italia Fabian Winkler, Federal Reserve Board Ulf Söderström, Sveriges Riksbank Marc-Andre Gosselin, Bank of Canada 15:00 Session 2: Model development needs – themes and priorities Moderation: Matthieu Darracq Paries, ECB Juha Kilponen, Bank of Finland Jesper Lindé, IMF Yang Zhang, Bank of Canada 16:00 Session 3: How to improve the use of models for monetary policy? Moderation: Alessandro Notarpietro, Banca d’Italia Matthieu Darracq Paries, ECB Eleonora Granziera, Norges Bank Francesca Monti, King’s College London 17:00 End To participate, please register by using the following LINK<https://www.suerf.org/registration/8801/monpolmacromodelling>. Feel free to share this invitation with colleagues who might be interested to attend! We look forward to your participation! www.suerf.org/monpolmacromodelling<http://www.suerf.org/monpolmacromodelling> SUERF - The European Money and Finance Forum c/o OeNB, Otto-Wagner-Platz 3, A-1090 Vienna<https://maps.google.com/?q=Otto-Wagner-Platz+3,+A-1090+Vienna&entry=gmail&source=g> Tel: +43 1 40420 7216<tel:+431404207216> - E-mail: suerf@oenb.at<mailto:suerf@oenb.at>.. [Suerf On Twitter] <https://twitter.com/suerf_org> [Suerf On LinkedIn] <https://www.linkedin.com/company/suerf---the-european-money-&-finance-forum> Diese E-Mail kann vertrauliche Informationen enthalten und irrtümlich an Sie gelangt sein. In diesem Fall informieren Sie bitte sofort die Absenderin bzw. den Absender und vernichten Sie diese E-Mail. Das unerlaubte Kopieren sowie die unbefugte Weitergabe dieser Mail oder von Teilen dieser Mail sind nicht gestattet. 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