Sobre el Banco

Fiscal Sustainability, XXI Century

68 Junio 2016
Banco de España and Barcelona Graduate School of Economics

Información

The Banco de España and at the Barcelona GSE are jointly organizing a Policy Week on the general topic of fiscal sustainability, and on reforms to European fiscal architecture in particular. The week begins with a policy-oriented workshop at the Banco de España, in Madrid (Monday June 6 - Wednesday June 8). This will be followed by a more theoretical workshop in Barcelona on Thursday June 9 - Friday June 10, which forms part of this year's BGSE Summer ForumAbre en nueva ventana.

* Indicates the presenter

Ponencias

6 Junio 2016
    
11.00 - 11.20
Registration and Coffee
 
11.20 - 11.30
Introductory remarks
FISCAL CONSOLIDATION
11.30 - 12.30
Optimal Austerity

*Timothy J. Kehoe (University of Minnesota)

Juan Carlos Conesa (Stony Brook University)

Kim J. Ruhl (NYU Stern School of Business)

Discussant: Roel Beetsma (University of Amsterdam)

12.30 - 13.30

*Óscar Arce(Banco de España)

Javier Andrés (Universidad de Valencia)

Carlos Thomas (Banco de España)

Discussant: Michal Andrle (International Monetary Fund)

 
13.30 - 14.30
Lunch
FISCAL CONSOLIDATION
14.30 - 15.30

*Johannes Pfeifer (University of Manheim)

Benjamin Born (University of Bonn) and Gernot J. Müller (University of Tübingen)

Discussant: António Afonso (University of Lisbon)

15.30 - 16.30

*Oana Furtuna (University of Amsterdam)

Roel Beetsma and Massimo Giuliodori (University of Amsterdam)

Discussant: Enrique Moral Benito (Banco de España)

   
16.30 - 17.00
Coffee Break
INSTRUMENTS AND STABILIZERS
17.00 - 18.00

*Christian Wittneben (ZEW)

M. Dolls, C. Fuest and A. Peichl (ZEW)

Discussant: Roberto Ramos Magdaleno (Banco de España)

18.00 - 19.00

*Maren Brede (Humboldt University)

Discussant: Dmitry Matveev (University of Mannheim)

19.00 - 20.00
KEYNOTE ADDRESS

Athanasios Orphanides (Massachusetts Institute of Technology)

Athanasios Orphanides. Presentation Archivo PDF: Abre en nueva ventana (396 KB)

7 Junio 2016
RULE BREAKING AND ERRORS
09.00 - 10.00

*Wolf Heinrich Reuter (Staff of the German Council of Economic Experts)

Discussant: Javier J. Pérez (Banco de España)

10.00 - 11.00

*Maritta Paloviita (Bank of Finland)

Pasi Ikonen (Bank of Finland)

Discussant: Enrique Martín Quilis (AIReF)

 
11.00 - 11.30
Coffee Break
VOTING AND RULES
11.30 - 12.30

*Victor Duarte Lledo (International Monetary Fund)

Ananya Kotia (University of Oxford)

Discussant: Carlos Cuerpo (AIReF)

12.30 - 13.30

*Hans Peter Grüner (University of Mannheim )

Discussant: Antoine Loeper (Universidad Carlos III de Madrid)

  
13.30 - 14.30
Lunch
 
14.30 - 16.30
PANEL
  • Agnes Benassy (Chair, Council of Economic Advisors, France)
  • Robert Chote (Chair, Office of Budget Responsibility, UK)
  • João Nogueira Martins (Economic Advisor to President Donald Tusk)
  • Torsten Arnswald (Head of Fiscal Policy Division, Ministry of Finance, Germany)
  • Juan Rojas (Head of Economic and Market Analysis, European Stability Mechanism)

Moderator: Pablo Hernández de Cos (Director General, DG Economics, Statistics and Research, Banco de España)

21.00 - 23.59
Dinner (invitation only)
   
16.30 - 17.00
Coffee Break
RISKS OF DEFAULT AND BREAKUP
17.00 - 18.00

* Leonardo Martínez (IMF)
J. C. Hatchondo (Indiana University)
F. Roch (IMF)

Discussant: Alberto Martín (CREI, UPF and Barcelona GSE)

18.00 - 19.00

*Laura Alfaro (Harvard Business School)
Fabio Kanczuk (Universidade de São Paulo)

Discussant: Hernán Daniel Seoane (Universidad Carlos III de Madrid)

19.00 - 20.00
On the Risk of Leaving the Euro

*Albert Marcet (Institut d’Anàlisi Econòmica, CSIC)
Juan Pablo Nicolini (Federal Reserve Bank of Minneapolis)
Manuel Macera (Colorado State University)

Discussant: Luca Onorante (Central Bank of Ireland).

8 Junio 2016
DISCRETION AND DEBT
09.00 - 10.00

*Joost Roettger (University of Cologne)

Discussant: Galo Nuño (Banco de España)

10.00 - 11.00

*Henrique Basso (Banco de España)
James Costain (Banco de España)

Discussant: Luisa Lambertini (Ecole Polytechnique Federale de Lausanne)

 
11.00 - 11.30
Coffee Break
SOVEREIGN RISK PREMIA
11.30 - 12.30

*Tamon Asonuma (International Monetary Fund)
Said Bakhache (IMF)
Heiko Hesse (IMF)

Discussant: Omar Rachedi (Banco de España)

12.30 - 13.30

*Huixin Bi (Federal Reserve Bank of Kansas City)
Nora Traum (North Carolina State University)

Discussant: Peter Claeys (Vrije Universiteit Brussel)

13.30 - 14.30
KEYNOTE ADDRESS

Enrique G. Mendoza (University of Pennsylvania)
Pablo D’Erasmo (Federal Reserve Bank of Philadelphia)
Jing Zhang (Federal Reserve Bank of Chicago)

Enrique G. Mendoza. Presentation Archivo PDF: Abre en nueva ventana (1 MB)