| IV Meeting of Central Bank Monetary Policy Managers DATE AND PLACE:
Bank of Mexico, Mexico City, 2 - 3 April, 2009. PARTICIPANTS:
Staff members in charge of the implementation of monetary policy or advisors to the Central Banks’ monetary policy authorities. METHODOLOGY OF THE MEETING:
The meeting will be organized in plenary sessions for the discussion of the proposed issues (Annex 2). It would be desirable to have participants discuss the main features of the current monetary policy practices in their country with regard to at least one of the proposed aspects. LANGUAGE:
English and Spanish, simultaneous translation. DEADLINE FOR REGISTRATION:
The names, positions, telephone and fax numbers and e-mail addresses of participants must be submitted to CEMLA by 30 January, 2009 at the latest. Registration Form DEADLINE FOR THE SUBMISSION OF PAPERS:
Papers must be submitted to both host and CEMLA by 20 March 2009. The length of each document must not exceed 25 pages, double-spaced, in WORD. When submitting their papers to the host, participants must include specifications on the visual equipment and time needed for the presentation. Agenda
1. Economic policy responses to the financial crisis. The analysis will cover the magnitude and contagion mechanisms of the international crisis, and the economic policy responses (monetary, fiscal and financial) in place. Their immediate results and general impact will also be assessed. 2. Central banking policies and financial crisis challenges. The financial crisis has spread to the real sector of the economy and an extended recession is likely to occur. The alignment of Central Banks’ price and financial stability targets and fiscal policy will be analyzed in this context. During a long period of price stability and growth of the world economy monetary policy was conceived as the leader component of economic policy and fiscal dominance was seen as a challenge. The governments of industrialized countries and of some of the emerging economies have designed programs to mitigate the recession where fiscal support is emphasized and a high degree of flexibility is displayed when using policies to deal with the crisis. Does this mean that a change of direction will turn the standard conception of economic policy to a more doctrinal trend? Could this affect the autonomy of Central Banks? Should central banking adapt to the prevailing perception of policy? Are there any medium-term strategies to respond to the crisis? The analysis may include the scope of the measures taken during the recent G-20 meeting and, with a view to a reform of the international financial system, its possible implications for policy responses.
COORDINATOR AT CEMLA:
Fernando Sánchez-Cuadros, Manager, Central Bank Technical Programs and Meetings: +52 (55) 5061-6670 y 5061 6640 ext. 6670. Fax +52 (55) 5061 6678. E-mail: sanchez@cemla.org y lopez@cemla.org. Address: Durango No. 54, Col. Roma, 06700 México, D. F., México. COORDINATORS AT BANK OF MEXICO:
Technical Coordinator: Mr. Alberto Torres, Director, Macroeconomic Analysis. Telephone: (52-55) 5237-2729, Fax: (52-55) 5237-2559. E-mail: atorres@banxico.org.mx
Logistic Coordinator: Mr. Javier Guzmán, Director, International Affaires. Telephone: (52-55) 5237-2714; Fax: (52-55) 5237-2715. E-mail: jguzman@banxico.org.mx
Address: 5 de Mayo No. 2. Colonia Centro. México, D. F. México
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Centro de Estudios Monetarios Latinoamericanos
Durango 54, Col. Roma, Mexico, D.F., Mexico.
+52 (55) 5061 6640 |
