The National Bank of Ukraine is looking forward to host Dr. Jesper Lindé, the Head of Research at the Riksbank (central bank of Sweden) on Monday, November 6, 2017. Dr. Linde will give an open research seminar and present his recent work in progress “Designing a Simple Loss Function for Central Banks: Does a Dual Mandate Make Sense?” jointly authored with Davide Debortoli, Jinill Kim, and Ricardo Nunes.
During the seminar, Dr. Lindé will raise an important question of whether the central bank should take care of stabilizing economic activity while sustaining its inflation targets. In their paper, authors design a simple welfare loss function within a canonical New Keynesian framework and show, both analytically and quantitatively, that a dual mandate of a central bank is beneficial for society. These results hold up also in conditions of large adverse shocks that generate a trade-off between stabilizing inflation and output, which is of great relevance for Ukraine.
Dr. Jesper Lindé holds a Ph.D. in economics from the Stockholm School of Economics. Among other previous posts he has worked as a section chief at the Division of International Finance, Board of Governors of the Federal Reserve System, Washington D.C., and as Head of the Modelling Division of the Monetary Policy Department at the Riksbank. His major research interests focus on monetary and fiscal policy, open economy macroeconomics, credit risk modelling. Dr. Linde has publications in leading refereed journals such as Journal of Economic Dynamics and Control, Journal of the European Economic Association, American Economic Review and others.
The seminar’s working language will be English.
Seminar venue: room 206, 9, Instytutska St., Kyiv. The venue can be accessed via the central entrance.
Start: at 2pm.
The registration of participants will take place from 1.45 p.m. to 1.55 p.m.
To be admitted into the NBU, which is a restricted access facility, you must show your ID.
In order to participate in the seminar, all interested stakeholders must submit an application stating their family name, name, place of employment, and contact details (telephone, e-mail) to [email protected]. The application deadline is 5 pm on 5 October 2017. Given the limited number of available seats, the NBU reserves the right to accept or reject applications. Each participant will receive an email saying whether their application has been accepted or rejected.
The NBU invites researchers to present findings of their studies on issues related to the NBU’s activities and the operation of the financial system at the NBU’s research seminars. Email your 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 (email: [email protected]).