Enhancing competitiveness and fostering sustainable growth: methodological issues and empirical results



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ECB-PUBLIC European Central Bank conference Enhancing competitiveness and fostering sustainable growth: methodological issues and empirical results Thursday, 25 and Friday, 26 June 2015 European Central Bank, Press Centre Frankfurt am Main 1

Thursday, 25 June 2015 08:00 08:45 09:00 Registration Welcome address Peter Praet, Member of the Executive Board, European Central Bank Introductory remarks Filippo di Mauro, European Central Bank Session 1 Global Value Chains Chair: Carlo Altomonte, Bocconi University 09:30 Import Competition, Productivity and Multi-Product Firms Emmanuel Dhyne, Banque Nationale de Belgique; Amil Petrin, University of Minnesota; Valerie Smeets, Aarhus University; Frederic Warzynski* 1, Aarhus University 10:10 10:50 11:15 12:45 The Trade and Import Demand Nexus Any Changes From Global Value Chains? Alexander Al-Haschimi, Frauke Skudelny* and Elena Vaccarino, European Central Bank; Julia Wörz, Oesterreichische Nationalbank Richard Baldwin, The Graduate Institute, Geneva; Robert C. Johnson, Dartmouth College; Marcel Timmer, Rijksuniversiteit Groningen Lunch Session 2 Resource Allocation and Growth Chair: Eric Bartelsman, Vrije Universiteit Amsterdam 13:40 14:20 15:00 Capital Allocation and Productivity in South Europe Gita Gopinath, Harvard University; Sebnem Kalemli-Ozcan*, University of Maryland; Loukas Karabarbounis, University of Chicago; Carolina Villegas-Sanchez, Escuela Superior de Administración y Dirección de Empresas Productivity, Misallocation and Trade Antoine Berthou, and Charlotte Sandoz, Banque de France; Kalina Manova*, Stanford University 1 * indicates the presenter 2

15:30 17:00 17:15 Jan De Loecker, Princeton University; John Van Reenen, London School of Economics; Chad Syverson, The University of Chicago Booth School of Business Coffee Break Round Table: Towards Sustainable Growth Chair: Peter Praet, Member of the Executive Board, European Central Bank Rapporteurs: João Amador and Antoine Berthou, Competitiveness Research Network (CompNet), European Central Bank Panellists: Boris Vujčić, Governor of Hrvatska narodna banka; Lucrezia Reichlin, London Business School; Gilbert Cette, Banque de France 18:45 18:55-19:15 19.45 20:15 End of meeting Group photo at ground floor Bus transfer from the ECB main building to the dinner venue Dinner at Hotel InterContinental Frankfurt, Frankfurt am Main Friday, 26 June 2015 08:15 Registration and coffee Session 3 Trade and Competitiveness Chair: Carlo Altomonte, Bocconi University 09:00 09:40 10:20 10:45 It takes (more than) a moment: Revisiting the link between firm productivity and aggregate exports Giorgio Barba Navaretti*, Università degli Studi di Milano; Matteo Bugamellli, Banca d'italia; Emanuele Forlani, Università degli Studi di Pavia; Gianmarco I.P. Ottaviano, London School of Economics Unravelling Firms: Demand, Productivity and Mark-ups Heterogeneity Emanuele Forlani, University of Pavia; Ralf Martin, Imperial College London; Giordano Mion*, University of Surrey; Mirabelle Muûls, Imperial College London Andrew Bernard, Tuck School of Business; Marc Melitz, Harvard University; Gianmarco Ottaviano, London School of Economics 3

12:15 Lunch Session 4 Firm Heterogeneity and the Business Cycle Chair: Eric Bartelsman, Vrije Universiteit Amsterdam 13:10 13:50 14:30 15:00 16:30 16:45 Exchange rate movements, firm-level exports and heterogeneity Antoine Berthou*, Banque de France; Calin-Vlad Demian, Central European University; Emmanuel Dhyne, Banque Nationale de Belgique Demand learning and firm dynamics: evidence from exporters Nicolas Berman, The Graduate Institute, Geneva; Vincent Rebeyrol, Toulouse School of Economics; Vincent Vicard*, Banque de France Fabio Ghironi, University of Washington; James Tybout, Pennsylvania State University Round Table: Restoring growth after the Great Recession Chair: Athanasios Orphanides, Massachusetts Institute of Technology Sloan School of Management Rapporteurs: Paloma López-Garcia and Konstantins Benkovskis, Competitiveness Research Network (CompNet), European Central Bank Panellists: Paolo Pesenti, Federal Reserve Bank of New York; Debora Revoltella, European Investment Bank; Dirk Pilat, Organization for Economic Co-operation and Development. 18:15 18:30 CompNet wrap up End of conference 4

ECB-PUBLIC Conference dates Conference venue Poster Session Conference language Transfers Thursday, 25 and Friday, 26 June 2015 European Central Bank Press Centre Sonnemannstraße 20 60314 Frankfurt am Main Tel.: +49 (0) 69 1344 0 Fax: +49 (0) 69 1344 6000 E-mail: info@ecb.europa.eu Thursday, 25 and Friday, 26 June Press Centre, in parallel to plenary sessions English Participants are requested to arrange their own transfers from and to the airport, unless indicated otherwise Dinner venue InterContinental Frankfurt Wilhelm-Leuschner-Straße 43 60329 Frankfurt am Main Tel.: 069 26 050 Contacts Sabine Prennig Management Assistant Directorate General Research Tel.: +49 (0) 69 1344 5567 E-mail: CompNet@ecb.int Jutta Auth Directorate General Communications Outreach Division E-mail: DGC-Events@ecb.europa.eu Website www.ecb.europa.eu Please note that this programme may be subject to change without notice. 5