MONDAY, 12 November 2018 - Board room at DNB
8:45-9:30 Registration with coffee/tea
9:30-9:45 Opening address: Jan Marc Berk (Division Director Economic Policy and Research, De Nederlandsche Bank) Openings Speech
SESSION I: (Un)conventional monetary policy and credit channel
Chair: Peter van Els (De Nederlandsche Bank)
9:45-10:45 The signaling channel of negative interest rates
Presenter: Oliver de Groot (European Central Bank) Presentation
Discussant: Paolo Bonomolo (De Nederlandsche Bank) Presentation
10:45-11:15 Coffee break
11:15-12:15 Credit supply and demand in unconventional times
Presenter: Sarah Holton (European Central Bank) Presentation
Discussant: Ibolya Schindele (Central Bank of Hungary) Presentation
12:15-13:30 Lunch in Foyer
13:30-14:30 Keynote Address: Simon Gilchrist (Boston University) Keynote speech
SESSION II: Credit market frictions
Chair: Andrea Colciago (De Nederlandsche Bank)
14:30-15:30 The aggregate effects of credit market frictions: evidence from firm-level default assessments
Presenter: Isabelle Roland (University of Oxford, LSE)
Discussant: Vivien Lewis (Deutsche Bundesbank) Presentation
15:30-16:00 Coffee break
16:00-17:30 Policy Panel: Simon Gilchrist (Boston University), Atif Mian (Princeton University), Leonardo Gambacorta (BIS) Presentation Simon Gilchrist Presentation Leonardo Gambacorta
Moderator: Jakob De Haan (De Nederlandsche Bank, University of Groningen)
18:30-21:30 Conference Dinner (by invitation only)
TUESDAY, 13 November 2018 “ Board room at DNB
8:45-9:15 Registration with coffee/tea
SESSION III: Shadow banking
Chair: Christiaan Pattipeilohy (De Nederlandsche Bank)
09.15-10:15 Implications of shadow bank regulation for monetary policy at the zero lower bound
Presenter: Falk Mazelis (European Central Bank)
Discussant: Margarita Rubio (University of Nottingham) Presentation
SESSION IV: Expectations and credit cycles
Chair: Gabriele Galati (De Nederlandsche Bank)
10:15-11:15 Default cycles
Presenter: Wei Cui (University College London) Presentation
Discussant: Francesco Zanetti (University of Oxford) Presentation
11:15-11:30 Coffee break
11:30-12:30 Funding shocks and credit quality
Presenter: Magdalena Rola-Janicka (University of Amsterdam) Presentation
Discussant: Kalin Nikolov (European Central Bank) Presentation
12:30-13:30 Lunch in Foyer
13.30-14:30 Keynote speech: Atif Mian (Princeton University) Keynote Speech
14:30-15:00 Coffee break
SESSION V: Macroprudential policies and bank recapitalization
Chair: Aerdt Houben (De Nederlandsche Bank)
15:00-16:00 The forced safety effect: how higher capital requirements can increase bank lending
Presenter: Saleem Bahaj (Bank of England) Presentation
Discussant: Caterina Mendicino (European Central Bank) Presentation
16.00-16.15 Coffee break
16:15-17:15 Bank recapitalizations, credit supply, and the transmission of monetary policy
Presenter: Sebastiaan Pool (De Nederlandsche Bank) Presentation
Discussant: Andrea Gerali (Bank of Italy) Presentation