The great redistribution that wasn’t: A HANK-OLG perspective on monetary policy
Michał Brzoza-Brzezina*, Narodowy Bank Polski and SGH Warsaw School of Economics
Rodolfo Rigato, European Central Bank
Discussant: Bence Bardóczy, Federal Reserve Board
Session 2
Chair: Anna Lipińska, Federal Reserve Board
Monetary policy along the yield curve: Why can central banks affect long-term real rates?
Paul Beaudry, University of British Columbia
Paolo Cavallino, Bank for International Settlements
Tim Willems*, Bank of England
Discussant: Keith Kuester, University of Bonn
How oil shocks propagate: Evidence on the monetary policy channel
Wataru Miyamoto, University of Hong Kong
Thuy Lan Nguyen*, Federal Reserve Bank of San Francisco and Santa Clara University
Dmitriy Sergeyev, Bocconi University
Discussant: Davide Debortoli, Pompeu Fabra University
Session 1
Chair: Oreste Tristani, European Central Bank
The systematic origins of monetary policy shocks
Lukas Hack, ETH Zurich
Klodiana Istrefi, European Central Bank
Matthias Meier*, University of Mannheim
Discussant: Daniel Lewis, University College London
This press conference will mark the closing of the thirteenth session of the World Urban Forum (WUF13) and highlight key outcomes and messages from the week.
Organizers: UN-Habitat and State Committee on Urban Planning and Architecture of the Republic of Azerbaijan.
The thirteenth session of the World Urban Forum (WUF13) takes place in Baku, Azerbaijan, from 17 to 22 May 2026. The theme of WUF13 is: Housing the world: Safe and resilient cities and communities.
At the thirteenth session of the World Urban Forum (WUF13) in Baku, global leaders and housing experts reflect on the growing pressures shaping the global housing crisis and the urgent need to rethink housing as a foundation for dignity, opportunity, and sustainable development. Dr. Koldo Casla (Special Rapporteur on Adequate Housing), Xenya Scanlon (UNCCD), Thembisile Simelane (Minister of Human Settlements, South Africa), and Jonathan Reckford (Habitat for Humanity International) discuss the structural inequalities, environmental pressures, rapid urbanization, and governance challenges affecting cities and communities around the world. They emphasize the importance of inclusive housing systems, stronger public leadership, and cross-sector partnerships that place communities at the center of efforts to build more equitable, resilient, and sustainable urban futures.
Video Producer Rosalie Boyle
Videographer Andres Felipe Carvajal Gomez
For more information about WUF13, please visit: https://enb.iisd.org/world-urban-forum-wuf13