IMFS Conference on Monetary and Financial Stability 2013

Economic and Legal Limits of Central Banking

November 26, 2013
8:45 am - 4:00 pm
Goethe University Frankfurt
Renate-von-Metzler-Saal, Casino, Campus Westend


  • Günter Beck, IMFS and University of Siegen
  • Helmut Siekmann, IMFS and Goethe University Frankfurt
  • Volker Wieland, IMFS and Goethe University Frankfurt

The organizers would like to express their sincere gratitude for the generous financial support of this event by the Stiftung Geld und Währung.



8.45 – 9.00 am


Rainer Klump, Vice-President, Goethe University Frankfurt    Welcome address
Hermann Remsperger, Stiftung Geld und Währung     Welcome address

9.00 – 10.30 am

The fundamental connection between monetary policy and fiscal policy – and its implications

Chair: Tobias Tröger, Goethe University Frankfurt   Video
Christoph Degenhart, Constitutional Court of the Free State of Saxony and
Leipzig University    Speech     Video
Ludger Schuknecht, German Ministry of Finance  Presentation    
Harald Uhlig,University of Chicago  Presentation    Video

10.30 – 11.00 am

Coffee break

11.00 – 12.30 pm

Unconventional policy measures and monetary policy in the world of a “new normal”: Do we need to reconsider existing monetary policy frameworks?

Chair: Peter Tillmann, Giessen University and IMFS
Ricardo Reis, Columbia University  Presentation     Video
Helmut Siekmann,Goethe University Frankfurt and IMFS     Video
Volker Wieland, Goethe University Frankfurt and IMFS  Presentation    Video

12.30 – 1.30 pm


1.30 – 2.00 pm

Keynote speech

Yves Mersch, Member of the Executive Board of the European Central Bank

Moderation: Günter Beck, University of Siegen and IMFS

2.00 – 3.30 pm


The role of central banks in ensuring financial stability

Chair: Tobias Tröger, Goethe University Frankfurt
Anil Kashyp, University of Chicago Booth School of Business  Presentation     Video
Vikrant Vig, London Business School    Video
Chiara Zilioli, European Central Bank  Presentation 

3:30 – 4:00 pm

Wrap up and Coffee