PRESS RELEASE
10th SEE Economic Research Workshop on: Including monetary policy and financial shocks and trends in modelling and policy analysis

On 1-2 December 2016, the Bank of Albania organized the 10th SEE Economic Research Workshop, on 'Including monetary policy and financial shocks and trends in modelling and policy analysis'.

This workshop, organized for the 10th year consecutively by the Bank of Albania, aims to encourage the discussion and the promotion of economic research, as well as regional cooperation in South East Europe.

Representatives from the central banks of Austria, Bulgaria, Estonia, Hungary, Italy, Indonesia, Macedonia, scholars from international universities, and experts from the Bank of Albania attended the workshop. During the two days of the workshop, participants presented 26 research works, of which 11 by Bank of Albania researchers.

The workshop is organized in sections, according to prevailing themes in the economic, political, and academic debates on the fields of economy, finance, and central banking, as well as on the issues faced by central banks to safeguard financial stability in the presence of frequent shocks and developments that affect the economic environment. Dr Gerald Paul Dwyer Jr., professor at Clemton University, addressed the participants on the cooperation between the Bank of Albania and the Swiss State Secretariat for Economic Affairs (SECO).

In his address to the workshop, Gent Sejko, the Governor of the Bank of Albania, stated that during these two days, the topics of the presentations will cover the entire spectrum of interests of the central bank and will enrich the experience of both the participants and the Bank of Albania.

Governor Sejko highlighted that monetary policy and financial stability are facing challenges, which reflect society's concerns on the economic, social and geopolitical aspects. The role of scientific research is, therefore, essential in evaluating the effects of the adopted policies on both the economy and the financial system.

Governor Sejko thanked the participants and underlined that the organisation of such research activities - which explore and propose innovative solutions and effective theoretical and empirical models - is especially important, since it contributes to the central banks' decision-making, and the sharing of experiences between central banks and academia.