Bank of Lithuania
July 01 12:30 - 17:40
July 02 08:30 - 15:40
Vilnius Gedimino pr. 35

The Bank of Lithuania is organising international conference ‘Real estate taxation and macroprudential policy’.

The conference will bring together high-level policy makers from European and international institutions and central banks, as well as prominent academics and experts to share their knowledge on links between real estate-related taxation and macroprudential policy by analysing the macroprudential impact of various real estate-related taxation systems and practices as well as potential synergies between these two policies. The event is designed to be a unique opportunity for key stakeholders to share their views and present ideas and experiences on this interesting topic of macroprudential regulation. Issues on its implementation, interaction with other policies and effectiveness will be debated and further elaborated in the country case studies presenting the particular challenges dealt with in practice.

Macroprudential Policy Conference 2019
‘Real estate taxation and macroprudential policy’

July 1-2, 2019   
Venue – Pirklių klubas
Gedimino pr. 35, Vilnius

Preliminary agenda

Day 1

12:30-13:00

Registration and welcome coffee

13:00-13:15

Welcome remarks – Tomas Garbaravičius, Member of the Board, Bank of Lithuania

13:15-13:45

Keynote speech – Henrik Braconier, Chief Economist, Finansinspektionen, Sweden Presentation (626.4 KB )

SESSION 1

REAL ESTATE-RELATED TAXATION:
THEORY, PRACTICE AND LINKS WITH MACROPRUDENTIAL POLICY

13:45-15:00

 

Moderator – John Fell, Deputy Director General, DG Macroprudential Policy
and Financial Stability, European Central Bank (ECB)

Speakers:
Hansjörg Blöchliger, Senior Economist, Head of the Russia and Lithuania desk, OECD Presentation (1.1 MB )

Deniz Igan, Deputy Chief, Macro-Financial Division of the Research Department,
International Monetary Fund

Dubravko Mihaljek, Advisor, Monetary and Economic Department,
Bank for International Settlements

15:00-15:30

Panel discussion and Q&A

15:30-15:50

Coffee break

SESSION 2

COUNTRY EXPERIENCES AND CHALLENGES WITH RESIDENTIAL REAL ESTATE-RELATED TAX SYSTEMS (PART I)

15:50-17:00

Moderator – Dubravko Mihaljek, Advisor, Monetary and Economic Department,
Bank for International Settlements

Speakers:

Katrine Graabæk Mogensen, Head of Macroprudential policy, Danmarks Nationalbank Presentation (1 MB )

Piotr Bańbuła, Head of Macroprudential Policy Division, Narodowy Bank Polski Presentation (318.7 KB )

Torbjørn Hægeland, Executive Director, Financial Stability, Norges Bank

17:00-17:30

Panel discussion and Q&A

17:30-17:35

End of conference Day 1

Day 2

8:30-9:00

Registration and welcome coffee

9:00-9:15

Welcome remarks – Vitas Vasiliauskas, Governor, Bank of Lithuania Presentation (1.1 MB )

9:15-9:45

Keynote speech – Klaas Knot, President, De Nederlandsche Bank Presentation (378.4 KB )

SESSION 3

Policy discussion: REAL ESTATE-RELATED TAXATION AND MACROPRUDENTIAL POLICY: SUBSTITUTES OR COMPLEMENTS?

9:45-11:00

Moderator – Deniz Igan, Deputy Chief, Macro-Financial Division of the Research Department, IMF

Speakers:

Tomas Garbaravičius, Member of the Board, Lietuvos bankas Presentation (744.4 KB )

Marja Nykänen, Deputy Governor, Suomen Pankki Presentation (589.4 KB )

John Fell, Deputy Director General, DG Macroprudential Policy and Financial Stability, ECB Presentation (740.8 KB )

11:00-11:30

Panel discussion and Q&A

11:30-11:50

Coffee break

SESSION 4

ASSESSING THE IMPACT AND EFFECTIVENESS OF RESIDENTIAL REAL ESTATE TAXES IN ADDRESSING RISKS TO FINANCIAL STABILITY

11:50-12:30

Moderator – Henrik Braconier, Chief Economist, Finansinspektionen, Sweden

Speakers:

Tigran Poghosyan, Senior Economist at the European Department, International Monetary Fund Presentation (333.3 KB )

Nico Valckx, Senior Economist in the Monetary and Capital Markets Department, International Monetary Fund Presentation (3 MB )

12:30-13:00

Panel discussion and Q&A

13:00-14:00

Lunch break

SESSION 5

COUNTRY EXPERIENCES AND CHALLENGES WITH RESIDENTIAL REAL ESTATE-RELATED
TAX SYSTEMS (PART II)

14:00-15:15

Moderator – Tomas Garbaravičius, Member of the Board, Lietuvos bankas

Speakers:

Martin O'Brien, Head of Macroprudential policy, Central Bank of Ireland Presentation (531.6 KB )

Benjamin Weigert, Director General Financial Stability, Deutsche Bundesbank

Hand Dewachter, Senior Coordinator on Macroprudential Policy, Financial Stability Department, National Bank of Belgium Presentation (2.6 MB )

15:15-15:45

Panel discussion and Q&A

15:45-15:50

End of the conference, closing remarks

 

Last update: 04-07-2019