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We have the pleasure of inviting you to the 52nd OeNB Annual Economic Conference in cooperation with SUERF, which the Oesterreichische Nationalbank (OeNB)
and SUERF will host as a hybrid event on May 22 and 23, 2025.
This year's conference will focus on
“Monetary
policy and structural tectonic shifts”.
In recent years, monetary policymakers worldwide have faced a series of profound shocks that have significantly reshaped economic structures
and supply conditions. These challenges are set to persist, driven by a combination of both negative and positive factors: geopolitical risks, rising trade barriers, rapid technological advances - including breakthroughs in artificial intelligence -, climate
change, the transition to sustainable energy systems, and shifting demographic and societal trends. These changes have far-reaching implications for productivity growth and labor markets. The interplay between these factors affects wages, relative prices and
inflation, and overall economic stability. The role of monetary policy in navigating these complexities raises questions about how central banks can effectively respond to evolving conditions while safeguarding price stability and supporting sustainable economic
growth and employment. This conference brings together policymakers, academics, and financial industry experts to discuss these issues. The first day will feature policy-oriented discussions to encourage analytical exchange between policymakers and academic
researchers. The second day will offer a platform for presenting and discussing research in an academic format.
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Thursday, 22 May 2025
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09:00
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Opening:
Robert Holzmann
· OeNB
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09:15
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Keynote: European Monetary Policy in unchartered waters: Opportunities and Risks
Daniel Gros · Institute for European Policymaking, Bocconi University
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10:00
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Session 1 - Monetary policy amid diverging inflation trends
Chair:
Birgit Niessner
· OeNB
Guido Ascari · De Nederlandsche Bank
Sarah Holton · European Central Bank
Marco Jacopo Lombardi · Bank for International Settlements
Raphael Schoenle · Brandeis University
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11:30
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Break
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12:00
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Session 2 - Monetary policy and productivity
Chair:
Maria Teresa Valderrama
· OeNB
Michaela Elfsbacka Schmöller · ECB I Bank of Finland
Galo Nuño · Banco de España
Filiz Unsal · OECD
Kaspar Zimmermann · Frankfurt School of Finance and Management
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13:30
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Lunch
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14:30
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Keynote: Monetary policy: Taking a walk on the supply side
Huw Pill · Bank of England
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15:15
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Break
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15:45
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Session 3 - Monetary policy and structural changes in the labor market
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Chair:
Ernest Gnan
· SUERF
Óscar Arce · European Central Bank
Jakob de Haan
· University of Groningen I SUERF
Martin Kocher · University of Vienna
Eduard Talamàs
· IESE Business School
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17:00
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End of Conference Day 1
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19:00
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Dinner
& Dinner Speech:
Klaus Schmidt-Hebbel · Universidad del Desarrollo
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Friday, 23 May 2025
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09:00
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Academic
Session 1: Monetary policy amid diverging inflation trends: Drivers and characteristics of inflation
Chair:
Phillipp Hochmuth · OeNB
The Inflationary Effects of Global Supply Chain Shocks:
Peter Tillmann · University of Giessen
The Role of Food and Energy Prices in Driving Consumption Disparities: Rositsa Chankova
· University of Oxford
Beware of large shocks! A non-parametric structural inflation model:
Elena Bobeica · ECB
The Energy Origins of the Global Inflation Surge: Thomas Kroen
· IMF
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10:45
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Break
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11:15
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Academic Session 2: Monetary policy in a changing world: Impacts on Credit Demand, Labor Markets, and Production Networks
Chair:
Donato Masciandaro · SUERF President I Bocconi University
Monetary Policy under Labor Market Power:
Rui Mano · IMF
Monetary policy, the bank-lending channel and labor market adjustment of firms:
Ahmet Taskin · IER
Financial constraints across the production network & the transmission of monetary policy: Stefan Gebauer
· ECB
Monetary Policy Tightening and SME Bank-Credit Demand Substitution: Supriya Kapoor
· Trinity College Dublin
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13:00
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End of conference
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Join us by registering by May 15, 2025, at the latest.
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Registrations are handled by the OeNB event management.
To register, please use the following
link.
You will receive an e-mail with your personal registration link to the e-mail address you entered, with which you can complete the registration process.
Venue
The conference is planned both on site at the Oesterreichische Nationalbank (Otto-Wagner-Platz 3, 1090 Vienna) or
online via Webex. The dinner and the dinner speech will take place at the
VIENNABallhaus (Berggasse 5, 1090 Vienna).
A full agenda of the two days can be found
here.
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