On 25 November, the National Bank of Ukraine hosted the Workshop Inflation Targeting in a World of Large and Persistent Shocks. This year, the event was organized in cooperation with the Euro Area Business Cycle Network (EABCN).
The event was attended by 140 representatives from different countries. The speakers were representatives of central banks, academia, international financial institutions, and research centers from Ukraine, Poland, the United States, the Czech Republic, Germany, Spain, Colombia, Georgia, and other countries.
The panelists discussed the specifics of the effective implementation of the inflation targeting policy in a period of large and persistent shocks to the global economy caused by the COVID-19 pandemic and the full-scale russian aggression against Ukraine.
Session 1. Effectiveness of Inflation Targeting with Limited Monetary Policy Transmission
Session 2. Optimal Balance between Fiscal and Monetary Policy
Session 3. Inflation Targeting with Varying Credibility