09.00 - 10.40
Plenary Session
What governance for the euro area?
Chair: Virginie Coudert, Bank of France, CEPII, and EconomiX‐CNRS, University of Paris Ouest
The European Monetary Fund – A systemic problem needs a systemic solution, Stephan Schulmeister, WIFO
How to restore sustainability of the euro? Kari Alho, ETLA
Discussant: John FitzGerald, ESRI
10.00 - 12.00
Session 1
EU Governance
Chair: Paolo Onofri, PROMETEIA
The new EU fiscal governance framework: a quantum leap or only small steps ahead?
Gerrit B. Koester, Philipp Mohl and Ad van Riet, ECB
Economic policy coordination in EMU: From Maastricht via SGP to the Fiscal Pact
Jorgen Mortensen, CEPS and CASE
Redemption?
Catherine Mathieu and Henri Sterdyniak, OFCE
Discussant: Wim Suyker, CPB
s2
10:00 - 12:00
Session 2
Financial Issues
Chair: Tomasz Chmielewski, NBP and Warsaw School of Economics
Drivers of foreign and domestic demand for sovereign bonds in developed and emerging economies: fundamentals vs. market sentiment
Tomasz Orpiszewski, AXA IM
Wishful thinking or effective threat? Tightening bank resolution regimes and bank risk-taking
Magdalena Ignatowski and Josef Korte, Goethe University Frankfurt
Do safe banks create a safe system? Post-crisis financial architecture and Central and East European banks
Ewa Miklaszewska, Cracow University of Economics, Katarzyna Mikolajczyk, Cracow University of Economics, Malgorzata Pawlowska, National Bank of Poland, Economic Institute
Discussant: Philip Davis, NIESR
s3
10.00- 12.00
Session 3
Disparities
Chair: Klaus-Jürgen Gern, IfW
Growth risks for the EU emanating from global imbalances
Tatiana Fic and Ali Orazgani, NIESR
The reindustrialization of the euro area countries which lost their competitiveness and European industrial strategy as the challenge of the EU policy. Do the new EU member states have any Industrial strategy?
Karolina Krupa, Warsaw School of Economics
The Euro Plus Pact: Competitiveness and external capital flows in the EU countries
Hubert Gabrisch, Halle Institute for Economic Research, Karsten Staehr, Tallinn University of Technology
Discussant: Ide Kearney, ESRI
s4
13.00 - 14.55
Session 4
Financial Issues
Chair: Ryszard Kokoszczyński, NBP, UW
Modelling and simulating the banking sectors of the US, Germany and the UK
E Philip Davis and Iana Liadze, NIESR
Macroprudential policy and imbalances in the euro area
Michal Brzoza-Brzezina, Marcin Kolasa, Krzysztof Makarski, NBP and Warsaw School of Economics
Banking union: a solution to the euro crisis?
Maylis Avaro, ENS Cachan, and Henri Sterdyniak, OFCE
Discussant: Oskar Kowalewski, Warsaw School of Economics
s5
13.00 - 14.55
Session 5
EU Governance
Chair: Markku Kotilainen, ETLA
An alternative solution to the eurozone crisis: Controlled dismantlement of the eurozone
Stefan Kawalec, Capital Strategy, and Ernest Pytlarczyk, BRE Bank S.A.
Effective European governance – Comparative analysis of the present institutional arrangements and potential federal solutions
Marcin Swiecicki, European Movement Forum
Government spending shocks, sovereign risk and the exchange rate regime
Dennis Bonam, VU University Amsterdam, and Jasper Lukkezen, CPB and Utrecht University
Post-crisis lesson for EMU governance from the principal-agent approach
Luca Barbone, CASE, and Grzegorz Poniatowski, CASE and Warsaw School of Economics
Discussant: Luc Eyraud, IMF
s6
13.00 - 14.55
Session 6
EMU Membership: Cross-Country Comparisons
Chair: Margit Schratzenstaller, WIFO
Euro - How big a difference: Finland and Sweden in search of macro stability
Paavo Suni and Vesa Vihriälä, ETLA
Finland and Sweden in a cross country comparison: What are the lessons?
Sixten Korkman, Aalto University School of Business, Antti Suvanto, Bank of Finland
Does euro area membership affect the relation between GDP growth and public debt?
Christian Dreger, DIW Berlin, European University Viadrina Frankfurt Oder, Hans-Eggert Reimers, Hochschule Wismar
Discussant: Jerzy Osiatyński, INE PAN, WSFiP
s7
15.00 - 16.30
Session 7
Fiscal Issues
Chair: Joachim Scheide, IfW
Estimating and forecasting using simple fiscal rules for euro area countries
Christopher Phillip Reicher and Martin Plödt, Kiel institute for the World Economy
Sensitivity of fiscal-policy effects to policy coordination and business cycle conditions
Matti Viren, University of Turku and Bank of Finland
Is there an alternative strategy for reducing public debt by 2032?
Christophe Blot, OFCE, Marion Cochard, OFCE, Jérôme Creel, OFCE and ESCP Europe, Bruno Ducoudré, OFCE, Danielle Schweisguth, OFCE, Xavier Timbeau, OFCE
Discussant: Jorgen Mortensen, CEPS and CASE
s8
15.00 - 16.30
Session 8
Federalism
Chair: Cezary Wójcik, PAN
A comparative perspective on the European fiscal governance framework
Luc Eyraud and Raquel Gomez Sirera, IMF
Economic effects of unilateral European climate action
Leszek Kasek, World Bank, Olga Kiuila, University of Warsaw, Faculty of Economic Sciences, Krzysztof Wójtowicz, Polish Ministry of Economy, Strategy and Analyses Department, Tomasz Zylicz, University of Warsaw, Faculty of Economic Sciences
What kind of fiscal union is needed within the EU and EMU?
Marek Dabrowski, CASE
Discussant: John Fitz Gerald, ESRI
15.00 - 16.30
Session 9
WWWforEurope Invited Special Session
Chair: Catherine Mathieu, OFCE
The bumpy road to convergence
Matthias Firgo and Peter Huber, WIFO
Labour market performance in OECD countries: A comprehensive empirical modelling approach of institutional interdependencies
Andreas Sachs and Frauke Schleer, ZEW
Funding the EU budget – Need and options for reform
Margit Schratzenstaller, WIFO
Discussant: Guido Baldi, DIW Berlin
rt
16.45 - 18.20
Round Table
Chair: Luca Barbone, CASE
Marek Dąbrowski, CASE
Paolo Onofri, PROMETEIA
Witold Orłowski, PWC, WUT Business School
Henri Sterdyniak, OFCE