in Helsinki, April 7-8, 2006
Venue: Bank of Finland, Rauhankatu 19 


Programme

Friday, 7 April 2006

10:00

Opening of the workshop

10:00 – 11:00

GDP at risk: A framework for monetary policy responses to asset price movements

Stephen G. Cecchetti (Brandeis University)

First comments

Oleg Zamulin (New Economic School and SITE)

11:00 – 11:50

Real exchange rate targeting via accumulation of foreign reserves: Inflationary consequences

Oleg Zamulin (New Economic School and SITE)
Kirill Sosunov (CEFIR)
Oleg Obrezkov (NES)

First comments

Marek Jarocinski (Universitat Pompeu Fabra and CASE)

11:50 – 12:40

Common Russian market does exist: Price convergence and market integration in Russia

Konstantin Gluschenko (Institute of Economics and Industrial Engineering, Russian Academy of Sciences)

First comments

Jarko Fidrmuc (University of Munich)

12:40 – 14:00

Lunch

14:00 – 14:50

The determinants of bank interest margins and profitability: Case of Ukraine

Dimitry Sologub (IMF)

First comments

Esa Jokivuolle  (Bank of Finland)

14:50 – 15:40

Pricing of global and local sources of risk in Russian stock market

Kashif Saleem (Lappeenranta University of Technology)
Mika Vaihekoski (Lappeenranta University of Technology)

First comments

Terhi Jokipii (Bank of Finland)

15:40 – 16:00

Break

16:00 – 16:50

Trade integration of Central and Eastern European countries: Lessons from a gravity model

Jarko Fidrmuc (University of Munich)
Matthieu Bussière (ECB)
Bernd Schnatz (ECB)

First comments

Kari Alho (The Research Institute of the Finnish Economy)

16:50 – 17:30

Dutch Disease:
Does Russia Have the Symptoms?

Nienke Oomes (IMF)
Katerina Kalcheva (University of Munich and BOFIT)