In March 2020, central banks have once again proven to be the first line of defense in crisis-ridden times. With their far reaching actions they prevented the world from experiencing a collapse of financial markets on top of the severe health and economic crisis caused by Covid-19. Since the global financial crisis, central banks’ roles and repertoire have vastly changed.

The Federal Reserve has recently adopted a new strategy of average inflation targeting for its monetary policy and the European Central Bank is currently conducting the first strategy review in 17 years – President Lagarde has made it very clear that the ECB intends to address this new role.

We believe that this calls for a wider debate on the role of central banks in times of financial instability, growing inequality and an escalating climate crisis. Central banks have powerful tools at their disposal. Should they – and if so, how – support policy goals beyond their traditional price stability mandate? The conference “Next Generation Central Banking: Climate change, inequality, financial instability” on 3-5. February 2021 will provide a forum on these timely questions.

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 Wednesday 03. February 2021 

16:45

18:00
A global perspective on next generation central banking
Fireside Chat with Uli Volz (SOAS) + Shamshad Akhtar (Former Governor State Bank of Pakistan) + Fernanda Nechio (Deputy Governor Banco Central do Brasil)
18:30

20:00
Die Rolle der Zentralbanken in der sozial-ökologischen Transformation (The Role of Central Banks in the social-ecological Transformation?)
Panel Debate (German with English translation) with Claudia Buch (Vice President Bundesbank) + Gerhard Schick (Finanzwende) + Adam Tooze (Columbia University) + Daniel Stelter (beyond the obvious)


Thursday 04. February 2021

15:00

15:15
Welcoming
Barbara Unmüßig, Gerhard Schick
15:15

16:30
How the Coronavirus almost brought down the global financial system
Panel Debate with Adam Tooze (Columbia University) + Annette Vissing-Jørgensen (University of California, Berkeley) + Sven Giegold (Member of European Parliament) + Sergio Nicoletti-Altamari* (European Central Bank)
16:30

17:30
European Civil Society and Central Banking
Workshop with Alessia del Vasto (Positive Money EU)
The Collateral supply effect on Central Bank Policy
Workshop with Carolyn Sissoko (UWE Bristol)
Central Bank Digital Currency – Possibilities for a digital Euro?
Workshop with Saule Omarova (Cornell University), Ulrich Bindseil* (European Central Bank)
17:30

18:00
Coffee Break
18:00

18:15
Keynote Monetary Policy and Inequality
Vitor Constancio (former ECB Vice President)
18:15

18:30
Tempering inequality – What central banks can and cannot do
Pierre Monnin (Council on Economic Policies)
18:30

19:30
Monetary Policy and Inequality
Discussion with Pierre Monnin (Council on Economic Policies) + Vitor Constancio (former ECB Vice President)


Friday 05. February 2021 

14:00

14:30
Central Banking beyond Inflation
Speed Debate with Benjamin Braun (Max Planck Institute for the Study of Societies) + Michal Horváth (Chief Economist, Slovakian National Bank)
14:30

15:00
Central Banking after Karlsruhe?
Speed Debate with Jens van ’t Klooster (KU Leuven) + tbd
15:00

15:15
Monetary Populism in Hungary
Juliá Király  (IBS Budapest, Former Deputy Governor Central Bank of Hungary)
15:15

15:30

Coffee Break

 

15:30

16:30

How Central Banks could tackle climate change?

Workshop with Jézabel Couppey-Soubeyran (Université Paris 1), Maria Nikolaidi (University of Greenwich), Rens van Tilburg (Sustainable Finance Lab, NL) and Wojtek Kalinowski (Veblen Institute)

A new Fiscal Framework and Monetary Policy

Workshop with Benoît Lallemand (Finance Watch), Frank van Lerven (New Economics Foundation), Katie Kedwards (University College London IIPP), Philippa Sigl-Glöckner (Dezernat Zukunft)
Central Bank Independence and Accountability
Workshop with Elsa Massoc (Uni Frankfurt),
Joscha Wullweber (Uni Witten-Herdecke),
Leah Downey (Harvard University),
Leo Hoffmann-Axthelm (Transparency International)
16:30

16:45
Coffee Break
16:45

17:00
Central Banking and Climate change
Sylvie Goulard (Second Deputy Governor of Banque de France)
17:00

18:15
A new era of monetary financing?
Panel debate with Daniela Gabor (UWE Bristol) + Sabine Lautenschläger (former ECB executive board member) + Sylvie Goulard (Second Deputy Governor of Banque de France) + Frank van Lerven (New Economics Foundation)

Speakers with * to be confirmed

The conference is organized by:

The conference is supported by: