One set of presentations will help us to better understand business cycle dynamics and the effects of monetary policy. The focus will be on price rigidities in microeconomic data, the role of temporary layoffs for unemployment dynamics, the effect of macroeconomic uncertainty on household spending decisions and the potential crowding out of bank lending by quantitative easing policies.
We will also hear about a new econometric methodology for constructing monetary policy counterfactuals. Another group of presentations will cover structural changes in the economy, in particular the data economy and automation, and what they imply for the functioning of our economy and monetary policy.