THURSDAY, 19 NOVEMBER 2015 - Board room at DNB
8:45-9:30 Registration with coffee/tea
9:30-9.45 Opening address: Frank Elderson (Executive Director of DNB) Opening speech
SESSION I: Income and wealth inequality
Chair: Andrea Colciago (DNB)
9:45-10:45 Fabrizio Perri (Federal Reserve of Minneapolis) Presentation
Macroeconomics and Heterogeneity, Including Inequality
Discussant: Carlos Thomas (Banco de España) Discussion
10:45-11:15 Coffee break
11:15-12:15 Michael Kumhof (Bank of England), Romain Ranciere, Alexander Richter, Thomas Theobald, Nathaniel Throckmorton, Till van Treeck and Pablo Winant Presentation
Income Inequality and Current Account Imbalances
Discussant: Nuno Alves (Banco de Portugal) Discussion
12:15-13:30 Lunch in Foyer, at 1st floor of DNB
13:30-14:30 Keynote Address: Charles Goodhart (London School of Economics)
'Distributional implications of the crisis and policy responses'
SESSION II: Inequality and the financial system
Chair: Kostas Mavromatis (University of Amsterdam)
14:30-15:30 Olivier Coibion, Yuriy Gorodnichenko, Marianna Kudlyak (Federal Reserve of Richmond) and John Mondragon Does Greater Inequality Lead to More Household Borrowing? New Evidence from Household Data
Discussant: Vanda Almeida (Paris School of Economics) Discussion
15:30-16:00 Coffee break
16:00-17:00 Robin Döttling and Enrico Perotti (University of Amsterdam) Presentation
Mortgage Finance and Technological Change
Discussant: Gregory Thwaites (Bank of England) Discussion
18:00-21:00 Dinner
FRIDAY, 20 NOVEMBER 2015 - Board room at DNB
9:00-9:15 Registration with coffee/tea
Session III: The redistributive channel of monetary policy
Chair: Jakob de Haan (DNB)
9:30-10:15 Keynote speech: Markus Brunnermeier (Princeton University) Presentation
Redistributive Monetary Policy and the I Theory of Money
10:15-11:15 Vincent Sterk (University College London) and Silvana Tenreyro Presentation
The Transmission of Monetary Policy Operations through Redistributions and Durable Purchases
Discussant: Francesco Zanetti (Oxford University) Discussion
11:15-11:30 Coffee break
11:30-12:30 Adrien Auclert (Stanford University) Presentation
Monetary Policy and the Redistribution Channel
Discussant: Christian Stoltenberg (University of Amsterdam) Discussion
12:30-13:30 Lunch in Foyer, at 1st floor of DNB
13:30-15:00 Policy panel: Martin Hellwig (Max Planck Institute for Research on Collective Goods), Luc Laeven (European Central Bank), Klaas Knot (DNB), Piergiorgio Alessandri (Banca d'Italia)
Moderator: William White (OECD)
SESSION IV: Distributional consequences of monetary policy
Chair: Christiaan Pattipeilohy (DNB)
15:00-16:00 Niels Gornemann, Keith Kuester (University of Bonn) and Makoto Nakajima Doves For the Rich, Hawks for the Poor? Distributional Consequences of Monetary Policy
Discussant: Agnieszka Markiewicz (Erasmus University Rotterdam) Discussion
16:00-16:15 Coffee break
16:15-17:15 Jakob de Haan (DNB) and Jan-Egbert Sturm (ETH and KOF Zurich) Does Economic Reform Lead to More Income Inequality?
Discussant: Richhild Moessner (Bank of International Settlements)
17:15-18:15 Farewell drinks