CNB Research Open Day 2021
Monday, 13 September 2021
Hybrid event
Czech National Bank’s Commodity Exchange (Plodinová burza) building, Senovážné nám. 30, Prague 1
This event will also be held online via Webex (the link will be sent to you after registration).
The conference is open to registered participants only. Registration closed.
Programme
Monday, 13 September 2021
All times are in Central European Time.
| 08.30 | Registration & Morning Coffee Only for those physically present at the conference. |
| 09.00 | Opening Remarks (pdf, 280 kB) Simona Malovaná, Director of Financial Research Division, Financial Stability Department, CNB |
| 09.15 | Keynote Speech: Household Finance and Consumption Survey in Europe Jiří Slačálek, ECB Presentation (pdf, 2.2 MB) |
| 10.00 | Household Finance and Consumption Survey in the Czech Republic Jan Brůha, Director of Economic Research Division, Monetary Department, CNB Presentation (pdf, 818 kB) |
| 10.15 | Q&A |
| 10.30 | Break |
Session 1. Financial Stability. Chair: Martin Hodula, CNB
| 11.00 |
A Prolonged Period of Low Interest Rates: Unintended Consequences |
| 11.20 | Discussion (pdf, 648) Diana Bonfim, Bank of Portugal |
| 11.35 | Q&A |
| 11.45 |
The Effect of Monetary Policy on House Prices – How Strong is the Transmission? |
| 12.05 | Discussion (pdf, 553 kB) Brian Fabo, National Bank of Slovakia |
| 12.20 | Q&A |
| 12.30 | Lunch |
Session 2. Monetary Policy. Chair: Volha Audzei, CNB
| 13.45 | The g3+ Model: An Upgrade of the Czech National Bank’s Core Forecasting Framework (Award for the best CNB research paper in the field of monetary policy in 2021) František Brázdik, CNB (and co-authors) |
| 14.05 | Discussion (pdf, 449 kB) Yannick Kalantzis, Bank of France |
| 14.20 | Q&A |
| 14.30 | Inflation Targeting Flexibility: The CNB's Reaction Function under Scrutiny (Award for the best CNB research paper in the field of monetary policy in 2020) Jan Filáček, Ivan Sutóris, CNB |
| 14.50 | Discussion Aleš Bulíř, International Monetary Fund |
| 15.05 | Q&A |
| 15.15 | End of the Programme – Concluding Remarks Volha Audzei, CNB |
The programme of CNB Research Open Day 2021 can be downloaded also in pdf format (pdf, 703 kB).
Workshop organisers: Jan Brůha, Simona Malovaná, CNB
We would like to ask participants to observe the hygiene measures put in place to prevent the spread of COVID-19.