"Turnaround in monetary Policy?"

Düsseldorf (ots) - The 56th "Monetary Workshop" from 9th until
10th of May is held under the general theme "turnaround in monetary
policy?" Top-class participants from academia, financial industry,
and politics will discuss at the premises of the Savings Bank and
Giro Associaton Hesse-Thuringia current financial and economic
questions. Presentations for the 70 participants will be given eg by
professor Michael Heise (chief economist of Allianz), professor
Marcel Fratzscher (DIW), professor Berthold Wigger (Karlsruhe) or
Jörg Rocholl (ESMT). Experts from politics and industry are eg
Carsten Schneider (member of the parliament, and deputy head of the
SPD Parliamentary Group) Thomas Mayer (Center for Financial Studies,
House of Finance at Goethe University) and Ludger Schuhknecht
(Federal Ministry of Finance).

Highlight of this years' workshop is the prize ceremony of Mr
William White, former Economic Adviser and Head of the Monetary and
Economic Department at the Bank for International Settlements (BIS)
and current chairman of the Economic Development and Review
Commit-tee at the OECD. The Prize in Monetary, Financial and
Macro-Prudential Policy is endowed with 5,000 EUR and is awarded to
brilliant achievements in the sphere of monetary policy and monetary
theory. This years' prize is awarded to William White, an excellent
economist with multifaceted experiences in practice-oriented research
and policy recommendations. With his forward-looking and critical
work on the buildup of systemic risks in the economy, he warned he
warned at an early stage against the upcoming asset price bubble. On
May 9th, Mr White will address the "Monetary Workshop" on the
"Evolution of beliefs over the last 50 years on how best to conduct
monetary policy". Moreover, he notes "this evolution is not over. The
continuing economic and financial crisis has called into question a
number of old beliefs about the conduct of monetary policy, while
also pointing the way to new ones." The first ever prize in Monetary,
Financial and Macro-Prudential was awarded last year to professor
Otmar Issing. He was a member of the Executive Board of the European
Central Bank and the Deutsche Bundesbank for many years.

The "Monetary Workshop" is a registered association with about 70
members. The workshop is held twice a year as a symposium in
Frankfurt and Berlin for Researchers from Germany and abroad,
representatives from banking industry and politics to discuss current
economic and monetary policy issues.

Pressekontakt:

Prof. Dr. Bert Rürup
Präsident Handelsblatt Research Institute
Tel.: +49 (0)211 - 887-1100