PROGRAM
DAY 1
7 November, Thursday:
8.45-9.00 Opening Remarks
Erdem Başçı, Governor, Central Bank of the Republic of Turkey
9.00-9.45 Keynote Speech
Frank Smets, The European Central Bank
9.45-10.15 Coffee Break
10.15-12.30 Session 1
Chair: Yusuf Soner Başkaya, Central Bank of the Republic of Turkey
Optimal Monetary and Prudential Policies
Fabrice Collard, University of Bern
Harris Dellas, University of Bern
Behzad Diba, Georgetown University
Olivier Loisel, CREST (ENSAE)
Discussant: Karl Walentin, Sveriges Riksbank
Balance Sheet Policies in the Euro Area
Kai Christoffel, European Central Bank
Andreas Schabert, TU Dortmund University
Discussant: Massimiliano Pisani, Bank of Italy
OccBin: A Toolkit for Solving Dynamic Models with Occasionally Binding Constraints
Luca Guerrieri, Federal Reserve Board
Matteo Iacoviello, Federal Reserve Board
Discussant: Krzysztof Makarski, National Bank of Poland
12.30-14.00 Lunch
14.00-15.30 Session 2
Chair: Hakan Kara, Central Bank of the Republic of Turkey
Monetary and Macroprudential Policies to Manage Capital Flows
Juan Pablo Medina,International Monetary Fund
Jorge Roldós, International Monetary Fund
Discussant: Hakan Kara, Central Bank of the Republic of Turkey
Financial Intermediation, Exchange Rates, and Unconventional Policy in an Open Economy
Luis Felipe Céspedes, Universidad Adolfo Ibañez
Roberto Chang, Rutgers University
Andrés Velasco, Columbia University and Oxford University
Discussant: Emine Boz, International Monetary Fund
15.30-16.00 Coffee Break
16.00-17.30 Session 3
Chair: Mustafa Kılınç, Central Bank of the Republic of Turkey
A DSGE-Based Assessment of Nonlinear Loan-to-Value Policies: Evidence from Hong Kong
Michael Funke, Hamburg University
Michael Paetz, Hamburg University
Discussant: İnci Gümüş, Sabancı University
Monetary and Macroprudential Policy in Norway
Leif Brubakk, Norges Bank (Central Bank of Norway)
Paolo Gelain, Norges Bank (Central Bank of Norway)
Discussant: František Brázdik, Czech National Bank
18.30- 19:30 Boat Tour on the Bosphorus
19:30-22.00 Gala Dinner
DAY 2
8 November, Friday:
9.00-10.30 Session 4
Chair: Yavuz Arslan, Central Bank of the Republic of Turkey
Sovereign Risk and Bank Balance Sheets: The Role of Macroprudential Policies
Emine Boz, International Monetary Fund
Bora Durdu, Federal Reserve Board
Pablo D’Erasmo, University of Maryland
Discussant: Hande Küçük, Central Bank of the Republic of Turkey
Managing Capital Flows in Emerging Markets: Reserve Option Mechanism as an
Unconventional Policy Tool
Salih Fendoğlu, Central Bank of the Republic of Turkey
Yasin Mimir, Central Bank of the Republic of Turkey
Enes Sunel, Central Bank of the Republic of Turkey
Temel Taşkın, Central Bank of the Republic of Turkey
Discussant: John Simon, International Monetary Fund
10.30-11.00 Coffee Break
11.00-12.30 Session 5
Chair: Necati Tekatlı, Central Bank of the Republic of Turkey
Foreign Exchange Intervention in Colombia
Hernando Vargas, Banco de la República (Colombia)
Andrés González, Los Andes University
Diego Rodríguez, Banco de la República (Colombia)
Discussant: David Vavra, OG Research
Foreign Exchange Intervention and Monetary Policy Design: A Market Microstructure Analysis
Carlos Montoro, Bank for International Settlements
Marco Ortiz, Central Reserve Bank of Peru and London School of Economics
Discussant: Salih Fendoğlu, Central Bank of the Republic of Turkey
12.30-14.00 Lunch
14.00-15.30 Policy Panel
Chair: Mehmet Yörükoğlu, Central Bank of the Republic of Turkey
Douglas Laxton – International Monetary Fund
Hernando Vargas- Deputy Governor, Banco de la República (Colombia)
Mehmet Yörükoğlu – Deputy Governor, Central Bank of the Republic of Turkey