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Designing a Macroeconomic Policy Framework for Europe
Second Macroeconomic Policy Design for Monetary Unions Research Training
Network Conference
CREI, Universitat Pompeu Fabra, Barcelona, 24/25 May 2004
Monday, 24 May
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| 9:30 - 9:45 |
Welcome of participants, Registration, and Breakfast
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| 9:45 -10:00 |
Opening Remarks (TBA)
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| Chair: |
Jordi Galí (CREI, Universitat Pompeu Fabra and CEPR)
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| 10:00 -11:15 |
What are the Spillovers from Fiscal Shocks in Europe? An Empirical Analysis
*Roel Beetsma (Universiteit van Amsterdam and CEPR)
*Massimo Giuliodori (Universiteit van Amsterdam)
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| Discussant: |
Roberto Perotti (IGIER, Universita' Bocconi and CEPR)
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| 11:15 -11:30 |
Coffee break
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| 11:30 -12:45 |
An Alternative to the Stability and Growth Pact
Assar Lindbeck (IIES, Stockholm University)
* Dirk Niepelt (IIES, Stockholm University)
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| Discussant: |
Andrew Scott (London Business School and CEPR)
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| 12:45 -14:00 |
Monetary Magic? How the Fed Improved the Supply of the Economy
Tamim Bayoumi (International Monetary Fund and CEPR)
*Silvia Sgherri (International Monetary Fund)
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| Discussant: |
Morten Ravn (London Business School and CEPR)
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| 14:00 - 15:00 |
Lunch
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| Chair: |
Roberto Perotti (IGIER, Universita' Bocconi and CEPR)
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| 15:00-16:15 |
Fiscal-Monetary Policy Interactions and Macroeconomic Stability
Andreas Schabert (University of Cologne)
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| Discussant: |
Alex Cukierman (Tel-Aviv University, CentER, Tilburg University and CEPR)
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| 16:15 -16:30 |
Coffee break
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| 16:30 -17:45 |
Endogeneity of Currency Areas and Trade Blocks: Evidence from the Interwar Period
Albrecht Ritschl (Humboldt Universität and CEPR)
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| Discussant: |
Lucrezia Reichlin (ECARES, Université Libre de Bruxelles and CEPR)
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| 17:45 -19:00 |
Optimal Stabilization Policy in a Currency Area
*Tommaso Monacelli (IGIER, Universitŕ Bocconi and CEPR)
*Jordi Galí (CREI, Universitat Pompeu Fabra and CEPR)
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| Discussant: |
Giancarlo Corsetti (European University Institute, Firenze, Universita di Roma III, Yale University and CEPR)
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| 21:00 |
Dinner
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Tuesday, 25 May
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| Chair: |
Jaume Ventura (CREI, Universitat Pompeu Fabra and CEPR)
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| 10:00 -11:15 |
Optimal Simple and Implementable Monetary and Fiscal Rules
Stephanie Schmitt-Grohe (Duke University and CEPR)
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| Discussant: |
Robert Kollman (University of Bonn and CEPR)
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| 11:15 -11:30 |
Coffee break
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| 11:30 -12:45 |
The Macroeconomic Effects of Fiscal Rules in the U.S. States
*Antonio Fatás (INSEAD, Fontainebleau and CEPR)
Ilian Mihov (INSEAD, Fontainebleau and CEPR)
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| Discussant: |
David Vines (University of Oxford and CEPR)
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| 12:45 -14:00 |
Optimal Response to Inflation Differentials in a Currency Area
*Pierpaolo Benigno (New York University and CEPR)
Filippo Altissimo (European Central Bank and CEPR)
*Diego Rodriguez-Palenzuela (European Central Bank)
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| Discussant: |
Roger E A Farmer (University of California, Los Angeles and CEPR)
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| 14:00 -15:00 |
Lunch
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| Chair: |
Jordi Galí (CREI, Universitat Pompeu Fabra and CEPR)
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| 15:00 -17:30 |
Special
Session
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Presentation of the CEPR Report
“The Growth and Stability Pact: Towards a Better
Pact”
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| Presenter: |
Andrew Hughes-Hallett (Cardiff Business School and CEPR)
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| Discussants: |
Ignazio Angeloni (European Central Bank)
Marco Buti (European Commission)
Roberto Perotti (IGIER, Universita' Bocconi and CEPR)
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*Denotes Speaker
Organizers
Jordi Galí (CREI, Universitat Pompeu Fabra and CEPR)
Roberto Perotti (IGIER, Universita' Bocconi and CEPR)
Charles Wyplosz (Graduate Institute of International Studies, Geneva, SITE, Stockholm School of Economics and CEPR)
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