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
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12:30-13:00 |
Registration and welcome coffee |
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13:00-13:15 |
Welcome remarks – Tomas Garbaravičius, Member of the Board, Bank of Lithuania |
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13:15-13:45 |
Keynote speech – Henrik Braconier, Chief Economist, Finansinspektionen, Sweden Presentation (626.4 KB download icon) |
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SESSION 1 |
REAL ESTATE-RELATED TAXATION: |
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13:45-15:00
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Moderator – John Fell, Deputy Director General, DG Macroprudential Policy Speakers: Deniz Igan, Deputy Chief, Macro-Financial Division of the Research Department, Dubravko Mihaljek, Advisor, Monetary and Economic Department, |
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15:00-15:30 |
Panel discussion and Q&A | ||
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15:30-15:50 |
Coffee break |
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SESSION 2 |
COUNTRY EXPERIENCES AND CHALLENGES WITH RESIDENTIAL REAL ESTATE-RELATED TAX SYSTEMS (PART I) |
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15:50-17:00 |
Moderator – Dubravko Mihaljek, Advisor, Monetary and Economic Department, Speakers: Katrine Graabæk Mogensen, Head of Macroprudential policy, Danmarks Nationalbank Presentation (1 MB download icon) Piotr Bańbuła, Head of Macroprudential Policy Division, Narodowy Bank Polski Presentation (318.7 KB download icon) Torbjørn Hægeland, Executive Director, Financial Stability, Norges Bank |
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17:30-17:35 |
End of conference Day 1 |
Day 2
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8:30-9:00 |
Registration and welcome coffee |
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9:00-9:15 |
Welcome remarks – Vitas Vasiliauskas, Governor, Bank of Lithuania Presentation (1.1 MB download icon) |
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9:15-9:45 |
Keynote speech – Klaas Knot, President, De Nederlandsche Bank Presentation (378.4 KB download icon) |
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SESSION 3 |
Policy discussion: REAL ESTATE-RELATED TAXATION AND MACROPRUDENTIAL POLICY: SUBSTITUTES OR COMPLEMENTS? |
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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 download icon) Marja Nykänen, Deputy Governor, Suomen Pankki Presentation (589.4 KB download icon) John Fell, Deputy Director General, DG Macroprudential Policy and Financial Stability, ECB Presentation (740.8 KB download icon) |
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11:00-11:30 |
Panel discussion and Q&A |
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11:30-11:50 |
Coffee break |
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SESSION 4 |
ASSESSING THE IMPACT AND EFFECTIVENESS OF RESIDENTIAL REAL ESTATE TAXES IN ADDRESSING RISKS TO FINANCIAL STABILITY |
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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 download icon) Nico Valckx, Senior Economist in the Monetary and Capital Markets Department, International Monetary Fund Presentation (3 MB download icon) |
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12:30-13:00 |
Panel discussion and Q&A |
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13:00-14:00 |
Lunch break |
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SESSION 5 |
COUNTRY EXPERIENCES AND CHALLENGES WITH RESIDENTIAL REAL ESTATE-RELATED |
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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 download icon) 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 download icon) |
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15:15-15:45 |
Panel discussion and Q&A |
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15:45-15:50 |
End of the conference, closing remarks |