Liebe Kolleg:innen Dürfen wir Euch/Sie ganz herzlich zur heurigen OeNB-SUERF Annual Economic Conference zum Thema “Monetary policy and structural tectonic shifts”<https://www.oenb-events.at/en/52nd-oenb-annual-economic-conference-in-cooperation-with-suerf/registration> einladen. Wir würden uns sehr freuen, viele Ökonom:innen aus der österreichischen Community persönlich am 22.-23.5. in der OeNB begrüßen zu dürfen! Anmeldung<https://www.oenb-events.at/en/52nd-oenb-annual-economic-conference-in-cooperation-with-suerf/registration> bitte über die OeNB website hier<https://www.oenb-events.at/en/52nd-oenb-annual-economic-conference-in-cooperation-with-suerf/registration>. Bitte gerne auch an einschlägig interessierte Kolleg:innen weiterleiten. Maria Valderrama, Head of Monetary Policy Section, OeNB Ernest Gnan, Secretary General, SUERF – The European Money and Finance Forum [cid:image005.jpg@01DA9575.99B8D370] Invitation 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”<https://www.oenb-events.at/en/52nd-oenb-annual-economic-conference-in-cooperation-with-suerf/registration>. 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. Thursday, 22 May 2025 09:00 Opening: Robert Holzmann · OeNB 09:15 Keynote: European Monetary Policy in unchartered waters: Opportunities and Risks Daniel Gros · Institute for European Policymaking, Bocconi University 10:00 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 11:30 Break 12:00 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 13:30 Lunch 14:30 Keynote: Monetary policy: Taking a walk on the supply side Huw Pill · Bank of England 15:15 Break 15:45 Session 3 - Monetary policy and structural changes in the labor market 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 17:00 End of Conference Day 1 19:00 Dinner & Dinner Speech: Klaus Schmidt-Hebbel · Universidad del Desarrollo Friday, 23 May 2025 09:00 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 10:45 Break 11:15 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 13:00 End of conference Join us by registering by May 15, 2025, at the latest. Registrations are handled by the OeNB event management. To register<https://www.oenb-events.at/en/52nd-oenb-annual-economic-conference-in-cooperation-with-suerf/registration>, please use the following link<https://www.oenb-events.at/en/52nd-oenb-annual-economic-conference-in-cooperation-with-suerf/registration#io-content-registration>. 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<https://www.suerf.org/events/monetary-policy-and-structural-tectonic-shifts/>. 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> +43 1 40420 7216<tel:+431404207216> I suerf@oenb.at<mailto:suerf@oenb.at> I www.suerf.org<http://www.suerf.org/> Follow us LinkedIn<https://www.linkedin.com/company/suerf---the-european-money-&-finance-forum/?viewAsMember=true> I X<https://twitter.com/suerf_org> I YouTube<https://www.youtube.com/@suerf-theeuropeanmoneyfina7105> 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. Informationen gemäß DSGVO zur Verarbeitung personenbezogener Daten durch die OeNB finden Sie unter www.oenb.at/datenschutz<https://www.oenb.at/datenschutz>.