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 May 31, 2011)
Thursday 5 May
| 17.30 | Opening Remarks Erkki Liikanen Governor, Bank of Finland |
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| 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 |