About us

I Banco de España Conference on the Spanish Economy

78 July 2022
Madrid
Conferences

Information

The Banco de España is launching the first of a series of academic conferences on the Spanish economy, to be held on 7 and 8 July 2022 at the Banco de España’s headquarters in Madrid.

This new conference series aims at bringing together top researchers to present their recent work on topics that are of critical importance for the Spanish economy, as well as distinguished policy-makers to discuss their views on these topics.

This first conference will include academic sessions on the labour market, on the link between productivity and finance, on inflation, and on energy and climate change. It will also feature an opening speech by Pablo Hernández de Cos, Governor of the Banco de España, and a closing panel discussion on “Public finances: fiscal reform and sustainability”.

Please note that attendance is by invitation only.

Presentations

7 July 2022
 
09.30 - 10.00

Governor Pablo Hernández de Cos


10.00 - 11.00
LABOUR MARKET

Chair: Olympia Bover (Banco de España)


Geographic Mobility over the Life-Cycle

Authors: Antonia Díaz, Álvaro Jáñez, Felix Wellschmied

Speaker: Antonia Díaz File PDF: Opens in a new window (1 MB) (Universidad Carlos III de Madrid)

Discussant: Tom Schmitz File PDF: Opens in a new window (274 KB) (Università Bocconi)

11.00 - 11.30
Coffee break
11.30 - 13.30
LABOUR MARKET

Chair: Olympia Bover (Banco de España)


Employment Effects of Restricting Fixed-Term Contracts: Theory and Evidence

Authors: Pierre Cahuc, Pauline Carry, Franck Malherbert and Pedro S. Martins.

Speaker: Pierre Cahuc (Sciences Po) / Pauline Carry (ENSAE - Ecole Polytechnique) File PDF: Opens in a new window (1 MB)

Discussant: Samuel Bentolila File PDF: Opens in a new window (379 KB) (CEMFI)

Early-Career Job Instability and Life-Cycle Income Dynamics

Authors: Antonio Cabrales, Maia Güell and Rocío Madera

Speaker: Rocío Madera File PDF: Opens in a new window (1 MB) (Southern Methodist University)

Discussant:   Caterina Calsamiglia (Barcelona School of Economics)

 

13.30 - 14.30
Lunch break
14.30 - 16.30
PRODUCTIVITY AND FINANCIAL FRICTIONS

Chair: Enrique Moral-Benito (Banco de España)


Government Procurement and Access to Credit: Firm Dynamics and Aggregate Implications

Authors: Julian di Giovanni, Manuel García-Santana, Priit Jeenas, Enrique Moral‑Benito and Josep Pijoan-Mas.

Speaker: Manuel García-Santana File PDF: Opens in a new window (624 KB) (Universitat Pompeu Fabra)

Discussant: Eduardo Morale File PDF: Opens in a new window (252 KB)s (Princeton University)

Finance over the Life Cycle of Firms

Author: Federico Kochen

Speakers: Federico Kochen File PDF: Opens in a new window (4 MB) (New York University)

Discussant: Carolina Villegas File PDF: Opens in a new window (645 KB) (ESADE)

 

16.30 - 17.00
Coffee break
17.00 - 19.00
INFLATION

Chair: Javier Pérez (Banco de España)


New Facts on Consumer Price Rigidity in the Euro Area

Authors: Erwan Gautier, Cristina Conflitti, Riemer P. Faber, Brian Fabo, Ludmila Fadejeva, Valentin Jouvanceau, Jan-Oliver Menz, Teresa Messner, Pavlos Petroulas, Pau Roldan-Blanco, Fabio Rumler, Sergio Santoro, Elisabeth Wieland, Hélène Zimmer.

Speaker: Erwan Gautie File PDF: Opens in a new window (3 MB)r (Banque de France)

Discussant: Huw Dixo File PDF: Opens in a new window (646 KB)n (Cardiff University)

How likely is an inflation disaster?

Authors: Jens Hilscher, Alon Raviv and Ricardo Reis.

Speaker: Alon Raviv File PDF: Opens in a new window (2 MB) (Bar-Ilan University)

Discussant: Ricardo Gimeno File PDF: Opens in a new window (934 KB) (Banco de España)

 

8 July 2022
 
09.30 - 11.30
ENERGY AND CLIMATE CHANGE

Chair: Eva Ortega (Banco de España)


CO2 Emissions and Energy Technologies in Western Europe

Authors: J. Barrera-Santana, Gustavo A. Marrero, Luis A. Puch, Antonia Díaz

Speaker: Gustavo A. Marrero File PDF: Opens in a new window (3 MB) (Universidad de La Laguna)

Discussant: Marta Suárez-Varela File PDF: Opens in a new window (333 KB) (Banco de España)

Does Pricing Carbon Mitigate Climate Change? Firm-Level Evidence from the European Union Emissions Trading Scheme

Authors: Jonathan Colmer, Ralf Martin, Mirabelle Muûls, Ulrich J. Wagner.

Speaker: Ralf Martin File PDF: Opens in a new window (4 MB) (Imperial College London)

Discussant: Stefan Lamp File PDF: Opens in a new window (436 KB) (Universidad Carlos III de Madrid)

11.30 - 12.00
Coffee break
12.00 - 13.30
ENERGY AND CLIMATE CHANGE

Chair: Eva Ortega (Banco de España)


The Distributional Impacts of Real Time Pricing

Authors: M. Cahana, Natalia Fabra, Mar Reguant and J.Wang

Speaker: Mar Reguant File PDF: Opens in a new window (1 MB) (Northwestern University)

Discussant: Kevin Remmy File PDF: Opens in a new window (69 KB) (University of Mannheim)

13.30 - 14.30
Lunch break
14.30 - 16.00
PANEL DISCUSSION: PUBLIC FINANCES: FISCAL REFORM AND SUSTAINABILITY

Chair: Ángel Gavilán (Banco de España)


Panelists:

Rafael Doménech File PDF: Opens in a new window (1 MB) (BBVA Research)

Esther Gordo File PDF: Opens in a new window (425 KB) (AIReF)

Jesús Ruiz-Huerta File PDF: Opens in a new window (253 KB) (Universidad Rey Juan Carlos)

Roberta Poza File PDF: Opens in a new window (373 KB) (PwC)

8 July 2022
 
16.15
Farewell remarks