2022 CEMLA-FRBNY-ECB Conference

The Center for Latin American Monetary Studies (CEMLA), the European Central Bank (ECB), and the Federal Reserve Bank of New York (FRBNY) are organizing a Conference on Monetary Policy Challenges on the Way Forward, with emphasis on monetary policy in Emerging Market Economies. As inflation has increased significantly in many countries, normalization will probably have to take place sooner than expected, rather than awaiting the reversal of diverse supply shocks that have disrupted value chains and labor markets, among others.

Thus, the main purpose of the conference is to stimulate the discussion on: 1) monetary policy strategy, implementation and transmission under heightened uncertainty and persisting supply shocks after the initial COVID shock; 2) spillovers from Advanced Economies’ monetary policies; 3) interactions between monetary policy and other policies on the way forward in the pandemic; and 4) implications of digital currencies for monetary policy implementation and its transmission channels. Theoretical and policy papers submissions addressing these and related issues are encouraged.

Papers accepted for presentation will be followed by a discussion from another speaker within the session. Accepted papers, as well as presentations and discussions, will be posted on the Conference website to facilitate the discussion among participants.