CNB to host world-renowned central bankers in May

On 16–17 May 2019, the Czech National Bank will hold an international conference attended by leading representatives of other central banks and world-renowned economists. The conference forms part of this year’s celebrations of 100 years since the introduction of the Czechoslovak koruna (crown).

The highlight of the event – titled The Future of Monetary Policy: What Can We See as the Dust Has Settled? – will be a panel consisting of central bank representatives from countries that use a currency called the crown and simultaneously apply inflation targeting. Besides CNB Governor Jiří Rusnok, the panellists will include Central Bank of Iceland Governor Már Gudmundsson, Sveriges Riksbank Deputy Governor Martin Flodén and Norges Bank Deputy Governor Jon Nicolaisen. The discussion will be moderated by Michael Bordo of Rutgers University, who ranks as the third most influential economist specialising in the history of economics in the prestigious economic research database RePEc/IDEAS.

Sessions on interest rates and exchange rates, i.e. topics essential to successful monetary policy, will also take place on the first day. Bank of Canada Deputy Governor Lawrence Schembri will be a discussant in the session on the exchange rate. The second day of the conference will focus on bounded rationality in macroeconomic modelling and new visions in macroeconomics.

A number of renowned economists whose work is regarded as ground-breaking will speak at the conference. They include Michael Devereux from the Vancouver School of Economics, Roger Farmer from the University of Warwick and Rafael Wouters from the National Bank of Belgium.

One week later, the Czech National Bank will host another important meeting of leading Czech and foreign economists – its annual Research Open Day. This year’s guest of honour and keynote speaker will be Jacob Frenkel, Chairman of JPMorgan Chase International and former Governor of the Bank of Israel.

This year the Czech National Bank celebrates the 100th anniversary of the introduction of the Czechoslovak currency and its currency unit, the koruna. To mark this occasion, it has organised, for example, the exhibition 100 years of the koruna at Prague Castle, which has been extended until 12 May. The celebrations will include another important event, the CNB Open Day, which will take place on 21 September after a three-year hiatus.

Markéta Fišerová
Director of the Communications Division and CNB Spokesperson