On 18 February 2019, the National Bank of Ukraine (NBU) together with Kyiv School of Economics will host an open research seminar in which Mr. Michael Dobrew will discuss monetary policy in an economy where households consume goods with various degrees of price flexibility.

This time Mr. Dobrew from Princeton University will present the paper (Dis-) Aggregate Consumption and Monetary Policy. The author conducts the following analysis:

·        Mr. Dobrew empirically shows that households consume disproportionately more sticky price goods in response to intensive margin income increases.

·        Using a multi-sector New Keynesian model Mr. Dobrew analyzes the implications for the trade-off between inflation and output-stabilization.

Mr. Michael Dobrew is a PhD candidate in the Department of Economics at Princeton University. His research interests focus on Macroeconomics, Monetary Economics and Banking.

The research papers are available at link.

The seminar will be held in English.

Location: National Bank of Ukraine, 9, Instytutska St., Kyiv, Room 206. Please use the NBU’s central entrance to access the venue.

The seminar will start at 3 p.m. Registration of participants will take place from 2:45 to 2:55 p.m. The NBU is a restricted access facility and photo identification is required to be admitted.

To participate in the seminar, please submit an application containing your name, surname, place of employment, and contact details (telephone, e-mail) to research@bank.gov.ua. Applications must be submitted by 3 p.m. on 15 February 2019. A limited number of spots are available and the NBU reserves the right to accept or reject applications. Applicants will be notified via email whether their application has been accepted or rejected.

The NBU started hosting open research seminars in July 2015. The seminars provide an opportunity to academics and experts, representatives of international financial institutions, other central banks, and the NBU to share research findings and discuss those finding with peers.

The NBU invites researchers to present the findings of studies that are related to the NBU’s activities and the operation of the financial system at the NBU’s research seminars.  Please email proposals (stating a desired seminar date, presentation materials, an executive summary, and/or draft contributions) to the NBU Research Division of the Monetary Policy and Economic Analysis Department (research@bank.gov.ua).

The materials of past open research seminars are available at link.