22/11/2024 10:18:00

Central Bank's Annual Research Workshop

The Research Department of the Central Bank of Malta hosted the Annual Research Workshop on Friday, 22 November, during which it launched the seventh edition of its annual Research Bulletin. This publication, the Bank's flagship research output, showcases a selection of its research projects and findings, presented in an accessible format for a wider audience.

The workshop featured seven presentations and was opened by Acting Governor Alexander Demarco, who launched the Research Bulletin and emphasized the critical role of rigorous, policy-relevant research in enhancing our understanding of evolving economic conditions, strengthening preparedness to adverse events, and supporting evidence-based policy responses in an increasingly complex environment.

The first four presentations highlighted research published in the Research Bulletin. These focused on the evaluation of policy measures at both the domestic and EU level, with particular emphasis on pressing issues such as energy and climate change and their specific implications for Malta.

Carlo Altavilla from the European Central Bank delivered the keynote speech, underscoring the critical role of non-conventional monetary policy in linking central bank actions to the provision of credit in the economy.

The final two presentations, delivered by Bank staff, examined the transmission of monetary policy to mortgage rates in the euro area and Malta during the recent tightening cycle, as well as the role of intergenerational transfers in supporting homeownership in Malta.

The workshop concluded with remarks from the Bank's Chief Economist, Aaron G. Grech, who reaffirmed the Economics Division's commitment to expanding its expertise to tackle emerging policy challenges shaping central bank research across the euro area.

Speakers at Annual Research Workshop 2024
From Left: Mr Nathaniel Debono, Mr Noel Rapa, Ms Lynn Cumbo, Mr Massimo Giovannini, Dr Carlo Altavilla, Acting Governor Alexander Demarco, Dr Aaron G. Grech, Mr Warren Deguara, Mr Valerio Sergio Castaldo

Photo: Melvin Bugeja

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