The ECB and Its Watchers XIX

April 6, 2017
Hörsaalzentrum, Campus Westend
Goethe University Frankfurt (map)


8:30 – 8:55

Registration and Coffee

8:55 – 9:00

Günter W. Beck (CFS and IMFS)

9:00 – 9:30

President's Address (Speech)
Mario Draghi
(President of the European Central Bank)

9:30 – 11:00

Debate 1: Assessment of the expanded asset purchase programme

Chair: Natacha Valla (European Investment Bank)


Peter Praet (Member of the Executive Board of the ECB) (Speech)
John B. Taylor (Stanford University) (Blog Economics One)
Jan Hatzius (Goldman Sachs)

Lead questions:

Frank Seitz (Stiftung Geld und Währung, OTH Amberg-Weiden)
Julian Callow (Element Capital)
Claudia Broyer (Allianz SE)

11:00 – 11:30 Coffee Break

11:30 – 13:00

Debate 2: Macroeconomic adjustment in the euro area: the role of monetary policy, fiscal policy and structural reforms


Michalis Haliassos (Goethe University Frankfurt)


Vitor Gaspar (International Monetary Fund)
Christoph Schmidt (German Council of Economic Experts) (PDF)
Marco Buti (European Commission)

Lead questions:

Sylvain Broyer (Natixis)
Stefan B. Schneider (Deutsche Bank)

13:00 – 14:00


14:00 – 15:30

Debate 3: International challenges for monetary policy - a need for coordination?


Hans-Helmut Kotz (CFS)


Philip R. Lane (Central Bank of Ireland)
Thomas Laubach (Board of Governors of the Federal Reserve System)
Hiroshi Nakaso (Bank of Japan) (Presentation, PDF)

Lead questions:

Frank Engels (Union Investment)
Gerhard Illing (LMU Munich)

15:30 – 16:30

Moderated Debate: Do monetary policy frameworks need to be adjusted in a world of (potentially) low natural real interest rates? If so, how?

Moderator: Sam Fleming (Financial Times)


John C. Williams (Federal Reserve Bank of San Francisco)
Volker Wieland (IMFS and German Council of Economic Experts)

16:30 – 16:40

Closing Remarks
Günter W. Beck
(CFS and IMFS)

Main sponsor:

Other sponsors: