Los días 18 y 19 de Junio de 2015, el Banco de España albergó la conferencia “Structural reforms in the wake of recovery: Where do we stand?", organizada conjuntamente con la Banque de France. La conferencia reunió a investigadores y autoridades de política económica para discutir los efectos macroeconómicos de las reformas estructurales, desde un punto de vista tanto teórico como empírico. Yann Algan (Sciences Po Paris), Jordi Galí (UPF), y Francesco Giavazzi (U Bocconi) participaron como ponentes invitados. El panel de discusión de políticas contó con la participación de Alain de Serres (OECD), Marcel Fratzscher (DIW Berlin) y Vitor Gaspar (IMF).
18 Junio 2015 - 19 Junio 2015
Banco de España, Madrid
Ponentes
18 Junio
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- 08:30h - 09:00h
- Registration
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- 09:00h - 09:15h
- Introduction
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- 09:15h - 10:45h
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Moving Towards a Single Labour Contract. Transition vs. Steady-State
( 255 KB )
Dolado*, J. (European University Institute), E. Lalé (University of Bristol) and N. Siassi (University of Konstanz)
Moving Towards a Single Labour Contract. Transition vs. Steady-State. Presentation
(1 MB)Discussant: James S. Costain (Banco de España)
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- 09:15h - 10:45h
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Heterogeneity and public sector wage policy
( 484 KB )
Gomes, P. (Universidad Carlos III)
Heterogeneity and public sector wage policy. Presentation
(574 KB)Discussant: Javier Pérez (Banco de España)
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- 11:15h - 13:30h
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Product and labor market regulations, production prices, wages and productivity
( 760 KB )
Cette*, G., J. López and J. Mairesse (Banque de France)
Presentation
Discussant: Aitor Lacuesta (Banco de España)
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- 11:15h - 13:30h
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Selection and Market Reallocation: Productivity Gains from Multinational Production
( 686 KB )
Alfaro*, L. (Harvard Business School) and M. Chen (George Washington University)
Discussant: Carolina Villegas Sánchez (ESADE)
Invited speaker: Yann Algan (Sciences Po Paris): “Trust in Europe?”
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- 15:00h - 17:15h
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Structural asymmetries and financial imbalances in the eurozone
( 349 KB )
Jaccard*, I. and F. Smets (ECB)
Presentation
Discussant: David López-Salido (Federal Reserve Board)
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- 15:00h - 17:15h
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Using Elasticities to Derive Optimal Bankruptcy Exemptions
( 529 KB )
Dávila, E. (NYU Stern)
Using Elasticities to Derive Optimal Bankruptcy Exemptions. Presentation
(904 KB)Discussant: David Martínez-Miera (Universidad Carlos III)
Invited speaker: Francesco Giavazzi (U. Bocconi): “Labor and product market reforms: the optimal sequencing”
19 Junio
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- 08:45h - 10:15h
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Market deregulation and optimal monetary policy in a monetary union
( 746 KB )
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).
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- 10:45h - 12:30h
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Macroeconomic effects of simultaneous implementation of reforms after the crisis
( 275 KB )
Notarpietro*, A., A. Gerali and M. Pisani (Banca d’Italia)
Discussant: Samuel Hurtado (Banco de España)
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- 10:45h - 12:30h
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Structural Reforms in a debt overhang
( 517 KB )
Andrés, J. (Universitat de Valencia), O. Arce* (Banco de España) and C. Thomas (Banco de España)
Structural Reforms in a debt overhang. Presentation
(453 KB)Discussant: Julien Matheron (Banque de France)
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- 12:30h - 14:00h
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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)