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Structural reforms in the wake of recovery: Where do we stand?

18 – 19 June 2015
Banco de España, Madrid
Conferences

Information

On 18-19 June 2015, the Banco de España hosted a research conference, jointly organized with Banque de France, entitled "Structural reforms in the wake of recovery: Where do we stand?". The conference brought together academics and policy makers to discuss the aggregate implications of structural reforms, both from a theoretical and an empirical perspective. Yann Algan (Sciences Po Paris), Jordi Galí (UPF), and Francesco Giavazzi (U Bocconi) participated as invited speakers. The policy panel included contributions by Alain de Serres (OECD), Marcel Fratzscher (DIW Berlin) and Vitor Gaspar (IMF).

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Presentations

18 June 2015
 
08.30 - 09.00
Registration
09.00 - 09.15
Introduction
Session 1: Labour market
09.15 - 10.45

Dolado*, J. (European University Institute), E. Lalé (University of Bristol) and N. Siassi (University of Konstanz)

Presentation File PPSX: Opens in a new window (1 MB)

Discussant: James S. Costain (Banco de España)

09.15 - 10.45

Gomes, P. (Universidad Carlos III)

Presentation File PDF: Opens in a new window (574 KB)

Discussant: Javier Pérez (Banco de España)

Session 2: Product market
11.15 - 13.30

Cette*, G., J. López and J. Mairesse (Banque de France)

Presentation

Discussant: Aitor Lacuesta (Banco de España)

11.15 - 13.30

Alfaro*, L. (Harvard Business School) and M. Chen (George Washington University)

Presentation File PDF: Opens in a new window (1 MB)

Discussant: Carolina Villegas Sánchez (ESADE)

Invited speaker: Yann Algan (Sciences Po Paris): “Trust in Europe?”

Session 3: Financial issues
15.00 - 17.15

Jaccard*, I. and F. Smets (ECB)

Presentation

Discussant: David López-Salido (Federal Reserve Board)

15.00 - 17.15

Dávila, E. (NYU Stern)

Presentation File PDF: Opens in a new window (904 KB)

Discussant: David Martínez-Miera (Universidad Carlos III)

Invited speaker: Francesco Giavazzi (U. Bocconi): “Labor and product market reforms: the optimal sequencing”

19 June 2015
Session 4: Macroeconomic impact of structural reforms and coordination issues
08.45 - 10.15

Cacciatore*, M. (HEC Montreal), G. Fiori (North Carolina State University) and F. Ghironi (University of Washington)

Presentation

Discussant: Antonia Díaz (Universidad Carlos III)

Invited speaker: Jordi Galí (UPF): “Understanding the Gains from Wage Flexibility: The Exchange Rate Connection” (with T. Monaccelli - U. Bocconi).

Session 4 (cont.): Macroeconomic impact of structural reforms and coordination issues
10.45 - 12.30

Notarpietro*, A., A. Gerali and M. Pisani (Banca d’Italia)

Presentation File PDF: Opens in a new window (286 KB)

Discussant: Samuel Hurtado (Banco de España)

10.45 - 12.30

Andrés, J. (Universitat de Valencia), O. Arce* (Banco de España) and C. Thomas (Banco de España)

Presentation File PDF: Opens in a new window (453 KB)

Discussant: Julien Matheron (Banque de France)

Policy Panel
12.30 - 14.00
Policy Panel
  • Marcel Fratzscher (DIW Berlin)
  • Vitor Gaspar (IMF)
  • José Luis Malo de Molina (Banco de España (chair)
  • Alain de Serres (OECD)
  • Frank Smets (ECB)
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