Source: European Central Bank (video statements)
Session 2: Monetary transmission through households, consumption and savings
Chair: Frank Elderson, Member of the Executive Board and Vice-Chair of the Supervisory Board, European Central Bank
Paper: “Discretionary spending is the cycle, and why it matters for monetary policy”
Author: Paolo Surico, Professor, London Business School
(together with Michele Andreolli, Assistant Professor, Boston College, Natalie Rickard, London Business School, and Chiara Vergeat, London Business School)
Discussant: María Teresa Valderrama, Head of the Monetary Policy Section, Oesterreichische Nationalbank