CNB Research Open Day 2019
Monday, 27 May 2019
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 2019: Jan Brůha, Director of Economic Research Division, Monetary Department, CNB |
| 9:15 | Keynote Speech: Central Banking and the Global Economy Jacob A. Frenkel, Chairman, JP Morgan Chase International |
| 9:45 | Q&A |
| 10:00 | Quantifying the Natural Rate of Interest in a Small Open Economy – The Czech Case (CNB Board Award for the Best Paper in 2018) Tibor Hlédik, Joint Vienna Institute and Jan Vlček, CNB Presentation (pdf, 369 kB) |
| 10:20 | Q&A |
| 10:30 | Coffee Break |
| Session 1. Chair: Jan Babecký, CNB | |
| 11:00 | Balance Sheet Implications of the Czech National Bank’s Exchange Rate Commitment Michal Franta, Tomáš Holub, Branislav Saxa, CNB Presentation (pdf, 1,3 MB) |
| 11:20 | Discussion: David Vestin, Sveriges Riksbank Presentation (pdf, 553 kB) |
| 11:35 | Q&A |
| 11:45 | Non-base Wage Components as a Source of Wage Adaptability to Shocks: Evidence from European Firms, 2010–2013 Jan Babecký, CNB, Clémence Berson, Banque de France, Ludmila Fadejeva, Latvijas Banka, Ana Lamo, ECB, Petra Marotzke, Bundesbank, Fernando Martins, Banco de Portugal, Pawel Strzelecki, Narodowy Bank Polski Presentation (pdf, 1,7 MB) |
| 12:05 | Discussion: Pavel Gertler, National Bank of Slovakia Presentation(pdf, 268 kB) |
| 12:20 | Q&A |
| 12:30 | Lunch |
| Session 2. Chair: Simona Malovaná, CNB | |
| 13:45 | The Effect of Higher Capital Requirements on Bank Lending: The Capital Surplus Matters Simona Malovaná and Dominika Kolcunová, CNB Presentation (pdf, 317 kB) |
| 14:05 | Discussion: Katalin Varga, Central Bank of Hungary Presentation (pdf, 2,3 MB) |
| 14:20 | Q&A |
| 14:30 | A Profit-to-Provisioning Approach to Setting the Countercyclical Capital Buffer: The Czech Example (CNB Board Award for the Best Paper in 2018) Lukáš Pfeifer and Martin Hodula, CNB Presentation (pdf, 445 kB) |
| 14:50 |
Discussion: Štefan Rychtárik, National Bank of Slovakia |
| 15:05 | Q&A |
| 15:15 | End of the Programme |
The programme of CNB Research Open Day 2019 can be downloaded also in pdf format (pdf, 83 kB).
Please note that places will be subject to availability owing to the limited capacity of the conference facility.
Registration closed.