Chair:

Paolo Onofri, PROMETEIA

• The impact of EMU on growth in Europe
  Ray Barrell, Dawn Holland, Iana Liadze and Olga Pomerantz, NIESR
• Current account imbalances in the Euro Area
  Alan Ahearne, National University of Ireland, Galway, Birgit Schmitz, University of Bonn, Jürgen von Hagen, University of Bonn, Indiana University, and CEPR
• ECB vs. Council vs. Commission: Monetary and fiscal policy interactions in the EMU when cyclical conditions are uncertain
  Fabio Balboni, University of Bologna, Marco Buti, Martin Larch, European Commission DG ECFIN

Discussant:

Kieran McQuinn, Central Bank and Financial Services Authority of Ireland