Banque de France – Bundesbank Workshop, May 22 2013, Paris

Banque-de-France On May 22, I attended a Banque de France-Bundesbank Workshop in Paris and discussed “The expectations-driven U.S. current account ” by Mathias Hoffmann (Deutsche Bundesbank), Michael U. Krause (Deutsche Bundesbank) and Thomas Laubach (Federal Reserve Board). Here is my discussion.

The program of the workshop is below.

Welcome address : Marc-Olivier Strauss-Khan (Banque de France)

The expectations-driven U.S. current account, Mathias Hoffmann (Deutsche Bundesbank), Michael Krause, and Thomas Laubach

Discussant: Franck Portier (TSE)

Global banking, global crisis? The role of the bank-balance sheet channel for the transmission of financial crises, Rüdiger Ahrend (OECD), Antoine Goujard

Discussant: Yannick Kalantzis (Banque de France)

Optimal monetary and prudential policies, Fabrice Collard, Harris Dellas, Behzad Diba, Olivier Loisel (CREST)

Discussant: Margarita Rubio (University of Nottingham)

Macroprudential policy and imbalances in the euro area, Michal Brzoza-Brzezina, Marcin Kolaza, Krzysztof Makarski

Discussant: Dominic Quint (Freie Universität Berlin)

Liquidity constraints, risk premia, and the macroeconomic effects of liquidity shocks, Ivan Jaccard (European Central Bank)

Discussant : Marija Vukotic (U. Warwick)

Risk channel of monetary policy, Oliver de Groot (Federal Reserve Board)

Discussant: Julien Matheron (Banque de France)

Inflation dynamics during the financial crisis, Simon Gilchrist, Raphael Schoenle, Jae Sim, Egon Zakrajsek

Discussant: Oscar Arce (Banco de Espana)

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Organisers : Heinz Herrmann, Michael Krause, Hervé Le Bihan, Benoît Mojon

 

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