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ESCB Challenges for Monetary Policy Transmission in a Changing World (ChAMP) Research Network

7th ChaMP Workstream 2 Workshop

Nordic Hotel Forum, Tallinn, Estonia

Monday, 16 June 2025

Programme

times are local

* indicates the presenter

8:30

Registration

9:00

Welcome speech 

Ülo Kaasik, Deputy Governor of Eesti Pank

Session 1

Chair: María T. Valderrama, Oesterreichische Nationalbank

9:30

Cast Out the Pure? Inflation and Relative Prices on Both Sides of the Atlantic

Miles Parker, European Central Bank

Discussant: Karin Klieber, European Central Bank and Oesterreichische Nationalbank

10:15

The Macroeconomic Consequences of the Energy Transition: The Impact of Capital Stocks and Anticipations on Inflation

Harri Turunen, Banque de France

Discussant: Cristina Angelico, Banca d’Italia

11:00

Coffee break

Session 2

Chair: Dmitry Kulikov, Eesti Pank

11:30

A Multi-Sector Production Network Model for the Euro Area

Stefan Gebauer, European Central Bank

Discussant: Javier Quintana, Banco de España

12:15

General Communication on ChaMP

  • Emmanuel Dhyne, Nationale Bank van België/Banque Nationale de Belgique
  • Philipp Hartmann, European Central Bank
12:30

Lunch

Session 3

Chair: Emmanuel Dhyne, Nationale Bank van België/Banque Nationale de Belgique

13:30

Cross-Country Project on Shock Transmission in a Currency Union

Chiara Osbat, European Central Bank

14:10

Cross-Country Project on Monetary Policy Shocks, Structural Transformation and Production Networks: A Multi-Country Analysis

Alberto Palazzolo, Nationale Bank van België/Banque Nationale de Belgique

14:50

Coffee break

Session 4

Chair: Gonzalo Paz-Pardo, European Central Bank

15:20

Production Networks and the Wealth Distribution

Stefano Grancini, European Central Bank

Discussant: Jaanika Meriküll, Eesti Pank

16:05

Leverage Across the Production Network and The Transmission of Monetary Policy

Stefan Gebauer, European Central Bank

Discussant: Mishel Ghassibe, CREI and Barcelona School of Economics

16:50

Closing remarks

This programme may be subject to change without notice.

This meeting will not be recorded.

General information

Venue

Nordic Hotel Forum
Viru väljak 3
10111 Tallinn
Estland

Language

English

Transportation

Participants are requested to arrange for their travels.

ChaMP website