Monetary policy under resource mobility

Bank of Finland 200th Anniversary Conference

Scandic Marina Congress Center, Helsinki

May 5–6, 2011

The Bank of Finland will organise a 200th Anniversary Conference "Monetary policy under resource mobility" in Helsinki 5–6 May 2011. The international conference will cover three key policy issues concerning central banks: "Global shifts – lessons from the past", "Monetary Policy" and "Financial Markets". At the end of the event there will be a panel discussion around the theme "Finance and Economic Growth". Participants at the conference include internationally renowned central bankers as well as leading academics. Participation in the event is by invitation only.

For additional information, please contact: Seppo Honkapohja, Member of the Board of the Bank of Finland, tel. +358 10 831 2005 or Jouko Vilmunen, Head of Research, tel. +358 10 831 2594.

Conference summary (updated 31 May, 2011)

Programme

TAB WEBPART

Thursday 5 May

	17.30	Opening Remarks Erkki Liikanen Governor, Bank of Finland
Session 1	17.45–19.30	Global Shifts – Lessons from the Past
	Chair	Seppo Honkapohja Member of the Board, Bank of Finland
	Invited Speaker	Barry Eichengreen Professor, University of California, Berkeley Global Shifts
	Discussants	Masaaki Shirakawa Governor, Bank of Japan The Transition from High Growth to Stable Growth: Japan's Experiene and Implications for Emerging Economies Sergey M. Ignatiev Governor, Bank of Russia Miguel Ordóñes Banco de España
	19.45–	Dinner (at the invitation of the Governor of the Bank of Finland)
		Dinner Address: Monetary policy in uncertain times Jean-Claude Trichet President, European Central Bank

Friday 6 May

Session 2	9.00–10.30	Monetary Policy
	Chair	Jens Weidmann President, Deutsche Bundesbank
	Invited Speaker	Carl E. Walsh Professor, University of California, Santa Cruz Monetary Policy and Resource Mobility (appendix, slides)
	Discussants	Mark Carney Governor, Bank of Canada Monetary Policy and Resource Mobility Athanasios Orphanides Governor, Central Bank of Cyprus Agustín Carstens Governor, Banco de México
	10.30–11.00	Coffee break
Session 3	11.00–12.30	Financial Markets
	Chair	Christian Noyer Governor, Banque de France
	Panelists	Nout Wellink President, De Nederlandsche Bank Yves Mersch Banque centrale du Luxembourg Stefan Ingves Governor, Sveriges Riksbank Bengt Holmström Professor, Massachusetts Institute of Technology (MIT)
	12.30–14.30	Luncheon
		Luncheon Address Mervyn King Governor, Bank of England
Session 4	14.30–16.30	Finance and Economic Growth
	Chair	Steve Liesman Senior Economics Reporter, CNBC
	14.30–15.00	Keynote Speech: Reaping the Full Benefits of Financial Openness Janet Yellen Vice Chair of the Board of Governors, The Federal Reserve System
	15.00–16.30	Panel
	Panelists	Stanley Fischer Governor, Bank of Israel Philippe Aghion Professor, Harvard University Financial Constraints, Cyclical Macroeconomic Policy and Growth Martin Hellwig Professor, Max Planc Institute for Research on Collective Goods
		Concluding Remarks Erkki Liikanen
	16.30	End of Conference

Conference summary (PDF, updated May 31, 2011)
Conference programme (PDF)