ECB conference and policy workshop: Debt overhang, macroeconomic adjustment and EMU economic governance: challenges ahead for the euro area, Frankfurt am Main
| datum | 19 november 2015 - 20 november 2015 |
|---|---|
| plaats | Frankfurt am Main, Duitsland |
| organisatie | Europese Centrale Bank (ECB) i |
ECB conference and workshop
Frankfurt am Main, 19 and 20 November 2015
Sonnemannstrasse 20, Frankfurt am Main
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-Participation upon invitation only -
Programme
Thursday, 19 November 2015 - Conference
Press Conference Room
8:30
Registration and coffee
9:00
Welcoming remarks
Benoît Cœuré, Member of the Executive Board, European Central Bank
Session 1
Debt overhang, structural reforms and competitiveness
Chair: Isabel Vansteenkiste, European Central Bank
9:15
Paper 1
Structural reforms in a debt overhang
Javier Andrés, University of Valencia
Óscar Arce*, Banco de España
Carlos Thomas, Banco de España
Discussant: Máté Tóth, European Central Bank
10:00
Paper 2
Financial heterogeneity and monetary union
Simon Gilchrist, Boston University
Raphael Schoenle, Brandeis University
Jae Sim, Board of Governors of the Federal Reserve System
Egon Zakrajšek*, Board of Governors of the Federal Reserve System
Discussant: Federica Romei, European University Institute
10:45
Coffee break
11:15
Invited speaker:
Emmanuel Farhi, Harvard University
Discussant: Olivier Blanchard, Peterson Institute for International Economics
Session 2
Private sector indebtedness and investment
Chair: Günter Coenen, European Central Bank
12:00
Paper 3
Debt overhang, rollover risk and investment in Europe
Sebnem Kalemli-Özcan, University of Maryland
Luc Laeven*, European Central Bank
David Moreno, University of Maryland
Discussant: Benoît Mojon, Banque de France
12:45
Lunch
13:45
Paper 4
The gains from resolving debt overhang: evidence from a structural estimation
Robert Kurtzman*, Board of Governors of the Federal Reserve System
David Zeke, University of California, Los Angeles
Discussant: Luca Fornaro, CREi
Session 3
Private and public indebtedness
Chair: Francesco Drudi, European Central Bank
14:30
Paper 5
The legacy debt and joint path of public deficit and debt in the euro area
Alberto Caruso, Université Libre de Bruxelles
Lucrezia Reichlin*, London Business School
Giovanni Ricco, University of Warwick
Discussant: Bartosz Maćkowiak, European Central Bank
15:15
Coffee break
15:45
Invited speaker:
Philip Lane, Trinity College Dublin
Discussant: Livio Stracca, European Central Bank
16:30
Paper 6
Interlinkages between private and public debt overhangs
Nicoletta Batini, International Monetary Fund
Giovanni Melina*, International Monetary Fund
Stefania Villa, KU Leuven and University of Foggia
Discussant: Jacopo Cimadomo, European Central Bank
17:15
Paper 7
Fiscal policy and the distribution of consumption risk
Mariano Massimiliano Croce, Kenan-Flagler Business School, University of North Carolina at Chapel Hill
Thien T. Nguyen, Wharton School, University of Pennsylvania
Lukas Schmid*, Fuqua School of Business, Duke University
Discussant: Ivan Jaccard, European Central Bank
18:00
End of conference
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*indicates the presenter
Friday, 20 November 2015 - Workshop
Conference centre C 2.01
8:30
Registration and coffee
9:15
Session 1
Achieving a genuine Economic and Monetary Union
Chair: Benoît Cœuré, Member of the Executive Board, European Central Bank
Discussants: Pervenche Berès, European Parliament
Olivier Blanchard, Peterson Institute for International Economics
Martin Selmayr, European Commission
Vittorio Grilli, J.P. Morgan
10:45
Coffee break
11:00
Session 2
Public and private debt overhang: possibilities and impossibilities
Chair: Peter Praet, Member of the Executive Board, European Central Bank
Discussants: Lorenzo Codogno, London School of Economics and Political Science
Emmanuel Farhi, Harvard University
Raquel Fernández, New York University
Jean Pisani-Ferry, France Stratégie
13:00
Lunch
14:00
Session 3
Capital Markets Union: what could it look like?
Chair: Vítor Constâncio, Vice-President, European Central Bank
Discussants: Lorenzo Bini Smaghi, Société Générale
Isabel Schnabel, Johannes Gutenberg University Mainz
Huw Pill, Goldman Sachs International
Sean Berrigan, European Commission
16:00
End of workshop
General information
Conference venue
European Central Bank
Sonnemannstrasse 20
60314 Frankfurt am Main
Fax: +49 69 1344 6000
Conference language
English
Transfers
Participants are requested to arrange their own transfers from and to the airport, unless indicated otherwise.
Contacts
DGE-DGI-Conference-2015@ecb.europa.eu
David Sondermann
Directorate General Economics
David.Sondermann@ecb.europa.eu
Demosthenes Ioannou
Directorate General International and European Relations
Demosthenes.Ioannou@ecb.europa.eu
Annekatrin Bergmann
Directorate General Economics
Annekatrin.Bergmann@ecb.europa.eu
Jutta Auth
Directorate General Communications - Outreach Division
Inhoudsopgave van deze pagina:
De Europese Centrale Bank (ECB) is verantwoordelijk voor het monetaire beleid van de Unie. De basisdoelstelling van de ECB is het handhaven van de prijsstabiliteit binnen de eurozone i en daarmee het bewaken van de koopkracht en het beheersen van de inflatie.
Sinds september 2014 speelt de ECB ook een rol in het toezicht op een deel van de Europese banken.