Abstract: This session will examine the global economic outlook amid current uncertainties and the role of central banks in navigating existing and future challenges. The global economy is operating in a complex and highly competitive environment, shaped by evolving inflation dynamics, shifting financial conditions, and the forward guidance of economic agents.
We will discuss:
• How will rising geopolitical risks affect the global economic outlook, and what role can central banks play in limiting potential spillovers?
• How does the US dollar shape national economies, and what is the expected path of the dollar going forward?
• Is the global economy facing a period of currency debasement, or are such concerns overstated?
• With debt levels rising across the world, what are the implications for monetary policy, and how are central banks likely to respond?

Abstract: We will discuss how diverging monetary policies, pricing mismatches in financial markets, and rising risks stemming from technological advances affect monetary policy decisions and transmission mechanisms.
We will discuss:
• How should a policymaker account for the spillovers and uncertainty? Do you think we will need to diverge from traditional monetary policy?
• After Covid-19 and after the current geopolitical tension, do you think the reaction functions of central banks are still successful or your reliance has shifted?
• How do you assess trade-off between the risk of expectations becoming unanchored when policy deviates from previous guidance, on the one hand, and the risk of greater information asymetry and a weaker transmission mechanism in the absence of forward guidance, on the other?
• How do you evaluate the effects of unpredictable global environment on monetary transmission mechanism?
• Do you think with the recent uncertainties, should policy makers be ready to adapt a more experimental approach rather than rule-based approach for inflation targeting?

Abstract: In this session, we will discuss the benefits and risks of artificial intelligence for the macroeconomy and for the implementation of monetary policy.
We will discuss:
• Whether central banks are falling behind in adapting to artificial intelligence,
• How artificial intelligence can be used to enhance the efficiency of monetary policy transmission and the oversight of payment systems, and
• How to regulate artificial intelligence and new financial technologies in an environment where technology is advancing rapidly.
• We will also assess the realized, if any, and potential impact of artificial intelligence on economic activity and labor markets across jurisdictions.

Abstract: In this timely session, we will debate new challenges under trade wars and rising tariffs.
• We will examine the risks associated with dependence on either external or domestic demand, and how inflation dynamics may differ under these two growth strategies.
• We will also consider whether there is a trade-off between these approaches, or whether an optimal policy mix can be designed to support external balances, price stability, and sustainable growth at the same time.
• We will discuss whether countries are likely to rely more on domestic demand going forward, how such reliance may affect inflation and inflation expectations, and whether monetary policy would remain effective in containing the inflationary pressures associated with domestic demand-led growth.
• We will discuss where economies are heading in the face of trade tariff shocks and rising uncertainty.
• We will also ask whether trade fragmentation will lead to financial fragmentation, and what can be done if free trade continues to deteriorate, with rising tariffs and their adverse effects on supply chains.

Abstract: In this session, we will exchange our practices and experiences with maintaining the financial stability.
We will discuss:
• How post-covid era, with deteriorated central bank and fiscal budgets, shaped our understanding of financial stability,
• What are the current risks stemming from NBFIs and what can central banks do to diminish the effects of these risks on financial stability,
• Do we have enough regulations to guard the financial stability? NBFIs?
• How financial stability and the regulations to safeguard financial stability affect economic growth, is there an overcompliance that shrinks the economic growth?