23rd BIS Annual Conference

Basel, Switzerland, Friday 28 June 2024 

The theme of the 23rd BIS Annual Conference was "Navigating uncharted waters: opportunities and risks for central banks".  The sessions focused on risks and opportunities from artificial intelligence, sustainable investment in green finance, geopolitics and the macroeconomy as well as monetary policy in the post-Covid environment. The closing panel discussed the last decade of monetary policy.

The conference proceedings will be published in the BIS Working Paper series in fall 2024.


Conference materials

  Session 1 Opportunities and risks from artificial intelligence for central banks

  Chair

Lesetja Kganyago, South African Reserve Bank

  Paper

Artificial intelligence and big holdings data: Opportunities for central banks 

  Speaker

Ralph S J Koijen, University of Chicago Booth School of Business (presentation)

  Discussants

Tania Babina, Columbia Business School (presentation)
Hyun Song Shin, Bank for International Settlements (presentation)

  Session 2 Sustainable investment in green finance
  Chair

Julio Velarde, Central Reserve Bank of Peru

  Paper Carbon prices and reforestation in tropical forests 
  Speaker José A Scheinkman, Columbia University (presentation)
  Discussants Tobias Adrian, International Monetary Fund (presentation)
Mariassunta Giannetti, Stockholm School of Economics (presentation)
  Session 3 Geopolitics and the macroeconomy
  Chair

Chang Yong Rhee, Bank of Korea

  Paper A theory of economic coercion and fragmentation
  Speaker

Matteo Maggiori, Stanford Graduate School of Business  (presentation)

  Discussants

Javier Bianchi, Federal Reserve Bank of Minneapolis, University of Minnesota (presentation)
Kristin Forbes, MIT Sloan School of Management (presentation)

  Session 4 Monetary policy in the post-Covid environment
  Chair

Tiff Macklem, Bank of Canada

  Paper

Trade fragmentation, inflationary pressures and monetary policy 

  Speaker

Silvana Tenreyro, London School of Economics and Political Science (presentation)

  Discussants

Agnès Bénassy-Quéré, Bank of France (presentation)
Raghuram Rajan, University of Chicago Booth School of Business (presentation)

  Closing panel Revisiting the last decade of monetary policy

  Moderator

Agustín Carstens, Bank for International Settlements

  Panellists

Michele Bullock, Reserve Bank of Australia
Pablo Hernández de Cos, Bank of Spain
Thomas Jordan, Swiss National Bank
Sethaput Suthiwartnarueput, Bank of Thailand