The quest for nominal stability: Lessons from three decades with inflation targeting 23–24 May 2024

Conference program

The conference featured six panels focusing on a specific topic based on a research paper. Main speakers in each panel were

Franklin Allen, Imperial College London
Olivier J. Blanchard, Peterson Institute for International Economics
Mervyn King, London School of Economics
Guido Tabellini, Bocconi University
Silvana Tenreyro, London School of Economics
Michael Woodford, Columbia University

The conference was open for invited speakers and guests only but was live streamed via Riksbank website, see link below.

Organising committee

Martin Flodén, Sveriges Riksbank
Stefan Laséen, Sveriges Riksbank
Jesper Lindé, IMF
Marianne Nessén, Sveriges Riksbank
Torsten Persson, IIES, Stockholm University
Ulf Söderström, Sveriges Riksbank

Programme

Thursday 23 May   

09:15      Welcome address by Anna Breman, First Deputy Governor, Sveriges Riksbank

09:30      Panel 1: Designing institutional arrangements to foster nominal stability

• Main speaker: Guido Tabellini, Bocconi University (with Torsten Persson, IIES, Stockholm University) [working paper] [slides]
• Commentators: Carl E. Walsh, University of California Santa Cruz [slides]
  and Donald Kohn, Brookings Institution [slides]
• Moderator: Jon Faust

11:00      Break

11:30      Panel 2: Flexible inflation targeting

• Main speaker: Michael Woodford, Columbia University [slides]
• Commentators: Lucrezia Reichlin, London Business School [slides]
  and Christopher J. Erceg, International Monetary Fund [slides]
• Moderator: Charles Bean, London School of Economics

13:00      Lunch

14:30      Panel 3: Inflation targeting and financial stability

• Main speaker: Franklin Allen, Imperial College London [paper] [slides]
• Commentators: Frank Smets, European Central Bank [slides]
  and Ida Wolden Bache, Norges Bank
• Moderator: Anders Vredin, Sveriges Riksbank

16:00      Break

16:30      Panel 4: Inflation targeting and exchange rates

• Main speaker: Silvana Tenreyro, London School of Economics [paper] [slides]
• Commentators: Maurice Obstfeld, Peterson Institute for International [slides] Economics and Andréa Maechler, Bank for International Settlements
• Moderator: Karolina Ekholm, Swedish National Debt Office

18:00      Adjourn

Friday 24 May                       

09:30      Panel 5: Monetary and fiscal policy

• Main speaker: Olivier J. Blanchard, Peterson Institute for International Economics [paper] [slides]
• Commentators: Tommaso Monacelli, Bocconi University [slides]
  and Signe Krogstrup, Danmarks Nationalbank
• Moderator: Tore Ellingsen, Stockholm School of Economics

11:00      Break

11:30      Panel 6: Inflation targeting in practice

• Main speaker: Mervyn King [paper]
• Commentators: Charles L. Evans, University of Chicago [slides] and Carolyn Wilkins, Griswold Center, Princeton University [slides]
• Moderator: Anna Breman, Sveriges Riksbank

13:00      Lunch

14:30      Adjourn

For more information contact: [email protected]