15:00-16:30 CET




Monday, June 13, 2022

In cooperation with

Over the past 15 years, a number of big crises and shocks have required central banks to take extraordinary action. Their mission has tended to broaden and increase. Given the scope and complexity of the shocks, interactions between various policy areas – monetary, financial stability, fiscal and even health, energy and defence – have been highlighted. The notion of independent central banks in charge of a single (or even dual) mandate is put to test and questioned. This workshop brings together eminent researchers in the field to discuss recent advances in their research to gain insights on these complex interactions and to understand, where central banks as independent guardians of price stability are moving. 

Welcome by Ernest Gnan, SUERF Secretary General and OeNB

Moderation by Chiara Zilioli, Goethe Universität Frankfurt; General Counsel ECB

Beyond the Central Bank Independence Veil: New Evidence (pdf)
Donato Masciandaro, Bocconi University and SUERF
Davide Romelli, Trinity College Dublin and SUERF
Co-author/s: Angelos Athanasopoulos

Laboratories of Central Banking (pdf)
Carola Binder, Haverford College

Central Bank Independence and Fiscal Stance: The Role of Institutions in Supporting Fiscal Sustainability (pdf)
Ryszard Kokoszczyński, University of Warsaw
Co-author/s: Joanna Mackiewicz-Lyziak

Pandemic Recession and Helicopter Money: Venice, 1629-1631 (pdf)
Stefano Ugolini, University of Toulouse
Co-author/s: Charles Goodhart and Donato Masciandaro