Monetary Policy and Macro Finance (MPMF)

David Lopez-Salido elected as inaugural Director of the Monetary Policy and Macro Finance research program

During the course of 2017, CEBRA is to launch its Research Program on the topic of “Monetary Policy and Macro Finance“ (MPMF). After the launch of “International Trade and Macroeconomics” in 2015, the launch of “International Finance and Macroeconomics” in 2016, this will be CEBRA’s third Research Program (more information on CEBRA’s Research Programs).

The MPMF program will bring together researchers with interests in monetary policy and in the intersection of monetary policy and financial stability.

The MPMF research program covers topics ranging from classical monetary models to new macroeconomic models with a financial sector, focusing on implications of central bank policies and financial regulation. It addresses recent theoretical and empirical contributions from academic and policy researchers related to the link between finance and the real economy, the role of the financial sector and monetary policy. This includes researchers from the fields of macroeconomic theory, monetary economics, macroeconometrics, finance, banking and economic history.

The MPMF program aims to serve as a platform for leading academics and researchers at central banks and other policy institutions to connect cutting-edge research with key policy-relevant questions and to promote interaction.

The MPMF program is launched by an exclusive founding committee. The members of this committee will select the inaugural Program Director and the Advisory Committee.  The members of the founding committee are:

  • Tobias Adrian, Financial Counsellor & Director of the Monetary and Capital Markets Department at the IMF
  • Alan S. Blinder, Gordon S. Rentschler Memorial Professor of Economics and Public Affairs at Princeton University & former Vice Chairman of the Board of Governors of the Federal Reserve System
  • Claudio Borio, Head of the Monetary and Economic Department of the Bank for International Settlement
  • Markus K. Brunnermeier, Edwards S. Sanford Professor of Economics at Princeton University & Alexandre Lamfalussy Senior Research Fellow at the Bank for International Settlement
  • James Bullard, President & Chief Executive Officer of the Federal Reserve Bank of St. Louis
  • Piti Disyatat, Director of Research at the Bank of Thailand
  • Hans Genberg, Executive Director at The SEACEN Centre & former Executive Director of Research at the Hong Kong Monetary Authority.
  • Seppo Honkapohja, Deputy Governor of the Bank of Finland
  • Athanasios Orphanides, Professor of the Practice of Global Economics and Management at the MIT Sloan School of Management & former Governor of the Central Bank of Cyprus
  • Frank Smets, Director General Economics at the European Central Bank
  • John B. Taylor, Mary and Robert Raymond Professor of Economics at Stanford University & former Under Secretary of Treasury for International Affairs of the United States of America
  • Kazuo Ueda, Professor of Economics at the University of Tokyo & former member of the Policy Board at the Bank of Japan
  • John C. Williams, President & Chief Executive Officer of the Federal Reserve Bank of San Francisco

The MPMF Research Program is still under development and more information will follow. If you are a researcher or an institution interested in contributing to this Program, please be in touch touch via the following email address: MPMF(“at_‘)cebra(“dot_‘)org

This founding committee will be presented with a list of those of CEBRA’s members who have signaled interest in the program, and will be asked for their input regarding who could act as Director and who could be a member of the Advisory Committee.