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The purpose of this conference is to bring together leading academics and policymakers working in the area of macroprudential policy, with a view to both taking stock of the progress that has been made in building the policy framework over the past decade, while also identifying gaps and priority areas for further policy development and research.
The conference is organised by Professor Prasanna Gai (University of Auckland) and Professor David Aikman (King’s Business School).
We will be publishing the proceedings of the event in a new Research Handbook of Macroprudential Policy, to be published by Elgar. Sir Paul Tucker has agreed to write a foreword for the book.
Day 1 Agenda
| 9.15 - 9.30 | Welcome address from Professor Prasanna Gai and Professor David Aikman |
| 9.30 - 10.30 |
Keynote address Atif Mian (Princeton University) |
| 10.30 - 11.00 | Coffee |
| 11.00 - 12.00 |
The objectives of macroprudential policy Nina Boyarchenko (New York Federal Reserve) “GDP-at-Risk” Richard Barwell (BNP-Paribas) “The macroprudential loss function” |
| 12.00 - 13.00 | Lunch |
| 13.00 - 15.00 |
Experience from using macroprudential tools I Fergal McCann (Central Bank of Ireland) “The effects of mortgage debt limits” John Muellbauer (University of Oxford) “Macroprudential policy and house prices” Mathias Drehmann (BIS), Mikael Juselius (Bank of Finland) “Debt service ratios and debt sustainability” Ryan Banerjee (BIS) “Governance of macroprudential housing tools” |
| 15.00 - 15.30 | Coffee |
| 15.30 - 17.30 |
Experience from using macroprudential tools II Erlend Nier (IMF) “International experience of macroprudential tool efficacy” Frederic Malherbe (University College London) “Bank capital requirements” Margaret Davenport (King's College London), Tomasz Wieladek (T. Price Rowe), and Filipa Sa (King's College London) “Capital flow measures” Kyeongtae Lee (Bank of Korea) "Causes and Consequences of High Household Indebtedness: A Narrative Approach" |
Schedule subject to change.
Day 2 Agenda
| 9.00 - 10.00 |
Keynote address Stephen Cecchetti (Brandeis University) |
| 10.00 - 10.30 | Coffee |
| 10.30 - 12.00 |
Advances in modelling macroprudential policy Kartik Anand and Philipp König (Bundesbank) “Bank runs and global games” Daisuke Ikeda (Bank of Japan) “Macroprudential policy in dynamic general equilibrium” Grzegorz Halaj (European Central Bank) “Stress testing models” |
| 12.00 - 13.00 | Lunch |
| 13.00 - 15.00 |
Frontier issues I Guillaume Plantin (University of Toulouse) “Macroprudential policy and shadow banking” Pippa Lowe, Rachele Negro and Quynh-Anh Vo (Bank of England) “Non-bank financial institutions: mapping the landscope and its fault-lines” Margherita Giuzio , Sujit Kapadia , Christoph Kaufmann , Manuela Storz and Christian Weistroffer (European Central Bank) “Macroprudential policy, monetary policy and non-bank financial intermediation” Nathan Foley-Fisher and Stefan Verani (Federal Reserve board) “US life insurers and systemic risk” |
| 15.00 - 15.30 | Coffee |
| 15.30 - 17.00 |
Frontier issues II Jing Yang (Bank of Canada) “Macroprudential policy and monetary policy” Jose-Luis Peydro (Imperial College London) “The distributional effects of macroprudential policies" |
| 17.00 - 17.30 | Closing remarks from Professor Prasanna Gai and Professor David Aikman |
Schedule subject to change.
Keynotes
Professor Atif Mian (Princeton University)
Atif Mian is John H Laporte, Jr Class of 1967 Professor of Economics, Public Policy and Finance at Princeton University. He studies the connections between finance and the macro economy. His book, House of Debt (co-authored with Amir Sufi) builds upon powerful new data to describe how debt precipitated the Great Recession, why debt continues to threaten the global economy and the policy implications of fixing the financial system.
Professor Stephen Cecchetti (Brandeis University)
Stephen G Cecchetti is the Rosen Chair in International Finance at the Brandeis International Business School. During his time at the Bank for International Settlements (2008-2013), Cecchetti participated in the Basel Committee on Banking Supervision and the Financial Stability Board post-crisis global regulatory reform initiatives to establish new international standards for ensuring financial stability.
At this event
Director of the Qatar Centre for Global Banking & Finance
Reader in Applied Economics
Lecturer in Economics
Event details
Science Gallery London
Great Maze Pond, London, SE1 9GU