09.10 - 10.40
Plenary Session
Chair: Paolo Onofri, PROMETEIA
Exit strategies, Robert Ford, OECD
Financial protection and global and
regional product regulation: Evaluating off balance sheet exposures in crisis determination models, Ray Barrell, Philip Davis, Dilruba Karim and Iana Liadze, NIESR and Brunel University
Four futures for finance, Michiel Bijlsma, Michiel van Leuvensteijn and Wouter Elsenburg, CPB
11.00 - 12.30
Session 1
Fiscal exit strategies (1)
Chair: Mark Roscam Abbing, CPB
Fiscal positions in the EU economies and prospects for consolidation, Ray Barrell, Tatiana Fic and Dawn Holland, NIESR
Fiscal policy for recovery: The case of Ireland, Adele Bergin, Thomas Conefrey, John FitzGerald and Ide Kearney, ESRI
Fiscal stimulus and exit strategies in the EU: a DSGE model based analysis, Werner Roeger and Jan in't Veld, EC DG ECFIN
Discussant: Walter Lutz and Willem Spruijt, Dutch Ministry of Economic Affairs
s2
11:00 - 12:30
Session 2
Regulation issues
Chair: Michiel van Leuvensteijn, CPB
Calibrating macroprudential policy, Ray Barrell, Philip Davis, Dilly Karim and Iana Liadze, NIESR
The reform of ‘too big too fail’ bank - A new regulatory model for the institutional separation of ‘casino’ from ‘utility banking’, Emilios Avgouleas, University of Manchester
Do the new financial regulations for the European Union offer good responses to the current crisis and the forthcoming challenges? Dominique Perrut, GRANEM, Angers University
Discussant: Jos Ebregt, CPB
s3
13.30- 15.40
Session 3
Fiscal exit strategies (2)
Chair: Johan Verbruggen, CPB
Turning the page? EU fiscal consolidation in the wake of the crisis, Paul van den Noord, EC DG ECFIN
A new framework for fiscal policy consolidation in Europe, Peter Bofinger, University of Wuerzburg, CEPR and German Council of Economic Experts, Stefan Ried, German Council of Economic Experts
Lessons learned in the current crisis and strategies for the exit phase and thereafter, Karl Aiginger, WIFO
European debt crisis and fiscal exit strategies, Catherine Mathieu and Henri Sterdyniak, OFCE
Discussant: Maaike Adema and Daniël Waagmeester, Dutch Ministry of Finance
s4
13.30 - 15.40
Session 4
Monetary policies and financial regulation after the crisis
Chair: Ray Barrell, NIESR
The minimum liquidity deficit and the maturity structure of central bank’s open market operations: Lessons from the financial crisis, Jens Eisenschmidt and Cornelia Holthausen, ECB
The zero lower bound, ECB interest rate policy and the financial crisis, Stefan Gerlach, Institute for Monetary and Financial Stability, Goethe University of Frankfurt, CEPR, CFS and John Lewis, Dutch Central Bank
Monetary policy and excessive bank risk taking, Itai Agur and Maria Demertzis, Dutch Central Bank
Emergence of a new regulation: Informational disclosure modalities in the hedge fund opacity world, Sandra Rigot and Yamina Tadjeddine, EconomiX, University of Paris Ouest-Nanterre, La Défense
Is there a case for maturity mismatch and capital ratios as complementary measures to identify risky banks and trigger for supervisory intervention?, Sonia Ondo-Ndong, University of Paris Ouest-Nanterre, La Défense
Discussant: Massimo Giuliodori, University of Amsterdam, and Adam Elbourne, CPB
s5
13.30 - 15.40
Session 5
Debt sustainability and fiscal performance
Chair: Markku Kotilainen, ETLA
Sustainability of government debt in the EU, Arjan Lejour, Jasper Lukkezen and Paul Veenendaal, CPB
The euro-dividend: Public debt and interest rates in the Monetary Union, Luigi Marattin, University of Bologna, and Simone Salotti, University of Florence
Fiscal performance and income inequality: Are unequal societies more deficit-prone? Some cross-country evidence, Martin Larch, EC BEPA
Discussant: Christian Dreger, DIW
rt
16.40 - 18.10
Roundtable
Chair: Wim Suyker, CPB
Roel Beetsma, University of Amsterdam
Marek Dabrowski, CASE
John Fitz Gerald, ESRI
Henri Sterdyniak, OFCE