The PPP Economic History Panel is a project that is jointly sponsored by the Institut d'Etudes Politiques de Paris and CEPR. Its motivation is the considerable advances that Economic History has achieved in the past, and the growing recognition of its contribution to shape policy responses. Moreover, since Economic History does not speak with one single voice, it is important that alternative views about policy lessons be debated. Finally, it is clear that Economic History has a strong potential for inspiring new theoretical research and therefore be given the widest possible audience.

The topic of the second meeting will be "The Evolution of Central Banks: Lessons for the Future". Its goal is to provide a systematic picture of the link between the emergence of central banks and central bank policies throughout the world. Topics may include, but are not limited to: the emergence of lending of last resort, the relations between asset price bubbles and monetary policy, the provision of liquidity and the financial market, profitability and foreign exchange intervention, ownership and governance, etc. While there are no geographical restrictions, priority will be given to young European scholars and topics with special relevance to Europe. Submission of new material and especially new data is especially encouraged.

The programme will also feature a lecture by Charles Goodhart, on "Prevention is better than cure: How can we test whether Central Banks prevented crises?", as well as the display of some preliminary results of the central bank history research task force.