Monetary policy and structural tectonic shifts

In recent years, monetary policymakers worldwide have faced a series of profound shocks that have significantly reshaped economic structures and supply conditions. These challenges are set to persist, driven by a combination of both negative and positive factors: geopolitical risks, rising trade barriers, rapid technological advances - including breakthroughs in artificial intelligence -, climate change, the transition to sustainable energy systems, and shifting demographic and societal trends. These changes have far-reaching implications for productivity growth and labor markets. The interplay between these factors affects wages, relative prices and inflation, and overall economic stability. The role of monetary policy in navigating these complexities raises questions about how central banks can effectively respond to evolving conditions while safeguarding price stability and supporting sustainable economic growth and employment.

This conference brings together policymakers, academics, and financial industry experts to discuss these issues. The first day will feature policy-oriented discussions to encourage analytical exchange between policymakers and academic researchers. The second day will offer a platform for presenting and discussing research in an academic format.

Date
Thursday, May 22, 2025, 09.00 to 18.00 and
Friday, May 23, 2025, 09.00 to 13.00

Veneu
Oesterreichische Nationalbank
Otto-Wagner-Platz 3, 1090 Vienna
and online via Webex