Conference The Future of Monetary Policy: What Can We See as the Dust Has Settled?

Prague, Czech National Bank’s Commodity Exchange building, 16 – 17 May 2019 

On 16–17 May 2019, the Czech National Bank held an international conference The Future of Monetary Policy: What Can We See as the Dust Has Settled? attended by leading representatives of other central banks and world-renowned economists. The conference for 140 participants formed part of the celebrations of 100 years since the introduction of the Czechoslovak koruna (crown).

The first day was devoted to interest rates and exchange rates, i.e. topics essential to successful monetary policy. The speakers on the main panel were central bank representatives from countries that use a currency called the crown and simultaneously apply inflation targeting. Besides CNB Governor Jiří Rusnok, the panellists included Central Bank of Iceland Governor Már Gudmundsson, Sveriges Riksbank Deputy Governor Martin Flodén and Norges Bank Deputy Governor Jon Nicolaisen. The discussion was moderated by Michael Bordo of Rutgers University. Bank of Canada Deputy Governor Lawrence Schembri moderated the other panel on the exchange rate.

The second day of the conference focused on bounded rationality in macroeconomic modelling and new visions in macroeconomics.


Session I: Interest Rates

Session II: Exchange Rates

Session III: Bounded Rationality in Macroeconomics

Session IV: New Visions in Macroeconomics