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Call for Papers: 60th SUERF Anniversary & 50th OeNB Annual Economic Conference

Monetary policy in uncertain times: Towards robustness and resilience


SUERF - The European Money and Finance Forum and the Oesterreichische Nationalbank (OeNB) invite paper submissions for the 60th SUERF Anniversary Conference and the 50th OeNB Annual Economic Conference, which will take place in hybrid form in Vienna on May 22-23, 2023, on the topic of “Monetary policy in uncertain times: towards robustness and resilience”.

Motivation
Monetary policy strategy reviews conducted in the early 2020s by several central banks were informed by a persistent undershooting of inflation targets. A key aim was thus to ensure the effectiveness of monetary policy at the effective lower bound on interest rates, and to bring inflation and inflation expectations back up to target. Given the dramatic overshooting of inflation above target starting from 2021, the question arises whether the analyses made at the time were overly focused on a particular state of the world and failed to be robust to the possibility of dramatically and fast-changing circumstances. The current environment is characterized by higher volatility and higher uncertainty and has shown how large and sudden shocks in a matter of months can sharply change economic and financial conditions, not only locally but also globally. The conference aims to explore avenues to render central banks’ strategies and analytical tools more robust and resilient to unexpected changes in the conditions under which they may need to operate. How to make monetary policy decisions robust and resilient to uncertain outcomes. And how to tailor central bank communication to high inflation and high uncertainty.

Please submit your (draft) paper by e-mail attachment in pdf format to suerf@oenb.at by 28th February 2023. Papers published prior to the conference are not eligible, working/discussion papers are eligible.

Call for Papers (pdf)



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