The ECB and Its Watchers IX

Registration and Coffee

Welcome

Volker Wieland, Center for Financial Studies

President’s Address

Jean-Claude Trichet, President, European Central Bank

Segment 1: Debating Monetary Policy Strategy
Chair: Volker Wieland, Center for Financial Studies

Debate 1: What Role Should Money Play in Monetary Policy?

Speakers:
Jürgen Stark, Member of the Executive Board, European Central Bank
Paul De Grauwe, K.U. Leuven

Coffee Break

Debate 2: How Should Central Banks Signal Their Intentions Regarding Future Interest Rates?

Speakers:
Axel A. Weber, President, Deutsche Bundesbank
Charles Wyplosz, HEI Geneva
Julian Callow, Barclays Capital

Lunch Break

Segment 2: European and International Challenges - Searching for Appropriate Policy Responses

Chair: Michael Binder, Center for Financial Studies

Debate 3: Diverging Unit-Labor Costs in Europe – What Is the Proper Policy Response?

Speakers:
Lucas Papademos, Vice-President, European Central Bank
Ignazio Angeloni, Italian Ministry of Economy and Finance
Joachim Fels, Morgan Stanley

Coffee Break

Debate 4: Successful Budget Consolidation in Europe – Do We Still Need a Revised Stability and Growth Pact?

Speakers:
Pervenche Berès, Member of the European Parliament, Chairwoman of the Committee on Economic and Monetary Affairs
Teresa Ter-Minassian, Director, Fiscal Affairs Department, International Monetary Fund
Wolfgang Münchau, Eurointelligence

Debate 5: Liquidity Crisis and Credit Crunch in the US and Europe - How Should Policy Makers Respond?

Speakers:
Stephen Cecchetti, Brandeis University
Michael Dicks, Barclays Wealth

End of Conference