CNB Research Open Day 2018

Monday, 21 May 2018

Czech National Bank’s Commodity Exchange (Plodinová burza) building, Senovážné nám. 30, Prague 1

Programme

8:30

Registration & Morning Coffee

9:00

Welcome Address: Jiří Rusnok, Governor, CNB

9:05

CNB Research in 2018 by Jan Brůha, Director of Economic Research Division, Monetary Department, CNB
Presentation (pdf, 902 kB)

9:15

Keynote Speech: Perspectives of European Monetary Policy by Ewald Nowotny, Governor, National Bank of Austria
Presentation (pdf, 484 kB)

9:45

Q&A

10:00

Coffee Break

Session 1. Chair: Jan Babecký, CNB

10:30

Credit Constraints and Creditless Recoveries: An Unsteady State Approachby Alexis Derviz, CNB
Presentation (pdf, 866 kB)

10:50

Discussion: Massimiliano Pisani, Bank of Italy
Presentation (pdf, 389 kB)

11:05

Q&A

11:15

System Priors for Econometric Time Series by Michal Andrle, IMF and Miroslav Plašil, CNB
Presentation (pdf, 808 kB)

11:35

Discussion: Konstantinos Theodoridis, Cardiff University
Presentation (pdf, 204 kB)

11:50

Q&A

12:00

Lunch

Session 2. Chair: Michal Hlaváček, CNB

13:15

Longer-term Yield Decomposition: An Analysis of the Czech Government Yield Curve by Adam Kučera, Michal Dvořák, Luboš Komárek, Zlatuše Komárková, CNB
Presentation (pdf, 1 MB)

13:35

Discussion: Anna Kosior, National Bank of Poland
Presentation (pdf, 919 kB)

13:50

Q&A

14:00

What Drives Distributional Dynamics of Client Interest Rates on Consumer Loans in the Czech Republic? A Bank-level Analysis by Václav Brož and Michal Hlaváček, CNB
Presentation (pdf, 2.2 MB)

14:20

Discussion: Balázs Égert, OECD

14:35

Q&A

14:45

Coffee Break

Session 3. Chair: Volha Audzei, CNB

15:00

CNB Board Award for the Best Paper in 2017

15:10

An Exchange Rate Floor as an Instrument of Monetary Policy: An Ex-post Assessment of the Czech Experience by Jan Brůha, Jaromír Tonner, CNB
Presentation (pdf, 157 kB)

15:25

Q&A

15:35

Banks’ Capital Surplus and the Impact of Additional Capital Requirementsby Simona Malovaná, CNB
Presentation (pdf, 184 kB)

15:50

Q&A

16:00

End of the Programme

The programme of CNB Research Open Day 2018 can be downloaded also in pdf format (pdf, 242 kB).

Registration closed.