Monetary Policy Challenges in Open Emerging Economies - Organised by Reserve Bank of India and CAFRAL

Research Event, Bank Management
Monday, December 14, 2015 to Tuesday, December 15, 2015
Reserve Bank of India, Central Office
Senior Researchers in the area of on macroeconomics and finance in emerging economies.

Monday, December 14

9.00 am:          Registration and Coffee

9.30 am:          Welcome Remarks: Dr. Raghuram Rajan, Governor, Reserve Bank of India

10.30 am:        Session I: Chair: Kenneth Kletzer

Paper: “On the Optimality of Financial Repression” by V.V Chari, University of Minnesota Alessandro Dovis, Pennsylvania State University  Patrick Kehoe, University of Minnesota

Discussant: Chetan Ghate, Indian Statistical Institute, Delhi

11.15am:         Coffee break

11.30 am:        Session II: Chair: Gita Gopinath

Paper: “Challenges of Effective Monetary Policy in Emerging Economies” Amartya Lahiri, University of British Columbia and Urjit R. Patel, Reserve Bank of India

Discussant: Rajesh Singh, Iowa State University 

12.45 pm:        Lunch

2.00 pm:         Panel Discussion: Central Banking in Emerging Economies Under Rising Global Links

Panel Moderator:   Ridham Desai

Panelists: BRICS Central Bank representatives.

3.30 pm:          Coffee break

3.45 pm:          Session III: Chair: V.V. Chari

Paper: “Monetary and Financial Policies in Emerging Markets” Kosuke Aoki, University of Tokyo Gianluca Benigno, London School of Economics Nobuhiro Kiyotaki, Princeton University

Discussant: Kenneth Kletzer, University of California at Santa Cruz.

7.00 pm:         Dinner hosted by Dr. Michael Patra, Executive Director at Hotel Marine Plaza, Rooftop Restaurant.

Tuesday, December 15

9.00 am:          Coffee

9.30 am:           Session IV: Chair: N. Prabhala

Paper: “The International Price System” Gita Gopinath, Harvard University.

Discussant: Prachi Mishra, Reserve Bank of India

10.45 am:        Coffee Break

11.00 am:         Session V: Chair: Nobuhiro Kiyotaki

Paper: “Global Spillovers and Monetary Policy Transmission in India” Michael D. Patra Sitikantha Pattanaik Joice John Harendra Kumar Behera Reserve Bank of India

Discussant: Soumya Kanti Ghosh, Chief Economic Advisor, SBI.

12.15 pm:        Vote of Thanks


12.30 pm:        Lunch

Program Schedule
Address N/A Timing 09:00 AM
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