Macroeconomics Workshop The Euro Crisis: Where Do We Stand? Strasbourg, Friday, October 16th, 2015 Final Program 8:30-9:00 Registration and welcome coffee (Jardin Intérieur - first floor) 9:00-9:15 Opening speech 9:15-10:15 Plenary session I Ansgar BELKE, IBES, University of Duisburg-Essen The Specter of a Grexit (Room: Amphithéatre - Ground floor) 10:15-10:45 Coffee break (Jardin Intérieur - First floor) 10:45-13:00 Parallel Sessions I Session I.1: Exit Strategies and Support to Growth (Room: Amphithéatre - Ground floor) Chairman: Jamel SAADAOUI Catherine MATHIEU and Henri STERDYNIAK, OFCE, How to Manage the Euro Area? Discussant: Hanno DIHLE. Giovanni DOSI, Mauro NAPOLETANO, Andrea ROVENTINI and Tania TREIBICH, University of Maastricht, The Short- and Long-Run Damages of Fiscal Austerity: Keynes beyond Schumpeter. Discussant: Henri STERDYNIAK. Hanno DIHLE, Stefanie FLOTHO and Rafael MENTGES, University of Freiburg, Economic Policy Uncertainty and Investment in the Euro Crisis. Discussant: Mauro NAPOLETANO. Oxana BABECKÁ KURCHAR CUKOVÁ, Peter CLAEYS and Bořek VAŠI CEK, Czech National Bank and European Commission, Spillover of the ECB s Monetary Policy Outside the Euro Area: How Different is Conventional From Unconventional Policy? Discussant: Catherine MATHIEU.
Session I.2: European Policy-Mix (Room: Auditorium - Ground floor) Chairman: Athanasios P. PAPADOPOULOS António AFONSO and Luís MARTINS, University of Lisbon, Monetary Developments and Expansionary Fiscal Consolidations. Discussant: Jean-Bernard CHATELAIN. Jean-Bernard CHATELAIN and Kirsten RALF, Paris School of Economics, Determinacy and Identification with Optimal Policy. Discussant: Moïse SIDIROPOULOS. Nicolas MAZUY and Moïse SIDIROPOULOS, University of Strasbourg, Heterogeneous Effect on Single Monetary Policy in Eurozone Countries: an Empirical Evidence to Justify Fiscal Transfers? Discussant: António AFONSO. Vivien DJIAMBOU, UCL, Impact of Government Debt During Financial Market Stress on the Rise of Bond Spreads : An Empirical Evidence Based on Dynamic Panel Threshold Regressions. Discussant: Nicolas MAZUY. Session I.3: Labor Markets in Crisis (Room: Salle de Séminaire - First floor) Chairman: Francesco DE PALMA Florence HUART and Médédé TCHAKPALLA, University of Lille 1, Labour mobility in the Euro area during the great recession. Discussants: Thierry BETTI. Thomas COUDERT, University of Strasbourg, Inflation Persistence and Bargain Firing Cost. Discussant: Julia BACHTRÖGLER. Thierry BETTI, University of Strasbourg, Assessing the Effect of Public Expenditure Shocks on the Labor Market in the Euro Area. Discussant: Florence HUART. Julia BACHTRÖGLER, Vienna University of Economics and Business, Regional Heterogeneity in Labour Markets, Institutional Quality and Sectoral Structures, and the Absorption of EU Structural Funds. Discussant: Thomas COUDERT.
13:00-14:45 Lunch break (Jardin Intérieur - First floor) 14:45-17:00 Parallel Sessions II Session II.1: External Imbalances (Room: Amphithéatre - Ground floor) Chairman: Thomas COUDERT Alessandro BARATTIERI, Collegio Carlo Alberto and ESG UQAM, Asymmetric Trade Liberalizations and Current Account Dynamics. Discussant: Robert UNGER. Robert UNGER, Deutsche Bundesbank, Asymmetric Credit Growth and Current Account Imbalances in the Euro Area. Discussant: Mariarosaria COMUNALE. Mariarosaria COMUNALE, Bank of Lithuania, Euro-Dollar Polarization and Heterogeneity in Exchange Rate Pass-Through Within the Euro Zone. Discussant: Jamel SAADAOUI. Vincent DUWICQUET, Jacques MAZIER and Jamel SAADAOUI, University of Strasbourg, Interest Rates, Eurobonds and Intra-European Exchange Rate Misalignments: the Challenge of Sustainable Adjustments in the Eurozone. Discussant: Alessandro BARATTIERI. Session II.2: Fiscal Policy, Public Finance Sustainability (Room: Auditorium - Ground floor) Chairman: Thierry BETTI Werner ROEGER, Lukas VOGEL, European Commission, Do Fiscal Transfers Strengthen Risk Sharing in Monetary Union? a Model-Based Analysis. Discussant: Christos MAVRODIMI- TRAKIS. Etienne FARVAQUE and Florence HUART, University of Lille 1, Unemployment Insurance System Design for the Euro Area: Where Do We Stand? Discussant: Lukas VOGEL. Christos MAVRODIMITRAKIS, University of Athens, Country-Specific Debt Stabilization and the Common Monetary Policy in a Monetary Union: a Strategic Analysis. Discussant: Paolo D IMPERIO. Paolo D IMPERIO, Sapienza University of Rome, Risk Sharing towards the European Fiscal Union. Discussant: Thierry BETTI.
Session II.3: Monetary Policy and Financial Integration (Room: Salle de Séminaire - First floor) Chairman: Moïse SIDIROPOULOS Ralf FENDEL and Christina STROBACH, De Nederlandsche Bank, Regional Information and Euro Area Monetary Policy: a Generalized Ordered Choice Approach. Discussant: Olena OGROKHINA. Olena OGROKHINA, María José LUENGO-PRADO and Bent E. SØRENSEN, Lafayette College, Price Adjustment During the Great Recession Inside and Outside the Eurozone. Discussant: Christina STROBACH. Matteo BONDESAN, University of Turin, The Bank Lending Channel in Monetary Transmission in the Euro Area: Evidence from Bayesian VAR Analysis. Discussant: Marine ANDRÉ. Marine ANDRÉ and Meixing DAI, University of Strasbourg, Central Bank Accountability Under Adaptive Learning. Discussant: Matteo BONDESAN. 17:00-17:30 Coffee break (Jardin Intérieur - First floor) 17:30-18:30 Plenary session III Gunther SCHNABL, IEP, University of Leipzig The New Normal in the European Monetary Policy (Room: Amphithéatre - Ground floor) 18:30-18:45 Closing remarks and information about special issue 20:00-22:00 Conference dinner (Bateaux de l Ill)
Conference Map
Participant list 1 Ansgar BELKE University of Duisburg-Essen 2 Géraldine DEL FABBRO University of Strasbourg 3 Jane LOEGEL University of Strasbourg 4 Virginie GOTHIE University of Strasbourg 5 Catherine MATHIEU OFCE 6 Henri STERDYNIAK OFCE 7 Mauro NAPOLETANO OFCE 8 Hanno DIHLE University of Freiburg 9 Peter CLAEYS Vrije Universiteit Brussel 10 Borek VASICEK Czech National Bank and European Commission 11 Antonio AFONSO University of Lisbon 12 Jean-Bernard CHATELAIN Paris School of Economics 13 Nicolas MAZUY University of Strasbourg 14 Moïse SIDIROPOULOS University of Strasbourg 15 Vivien DJIAMBOU UCL 16 Florence HUART University of Lille 1 17 Thomas COUDERT University of Strasbourg 18 Thierry BETTI University of Strasbourg 19 Julia BACHTROGLER Vienna University of Economics and Business 20 Alessandro BARATTIERI College Carlo Alberto and ESG UQAM 21 Robert UNGER Deutsche Bundesbank 22 Mariarosaria COMUNALE Bank of Lithuania 23 Jacques MAZIER University of Paris North 24 Vincent DUWICQUET University of Lille 1 25 Jamel SAADAOUI University of Strasbourg 26 Lukas VOGEL European Commission 27 Christos MAVRODIMITRAKIS University of Athens 28 Paolo D IMPERIO Sapienza University of Rome 29 Christina STROBACH De Nederlandsche Bank 30 Olena OGROKHINA Lafayette College 31 Matteo BONDESAN University of Turin 32 Marine ANDRE University of Strasbourg 33 Gunther SCHNABL University of Leipzig 34 Giuseppe DIANA University of Strasbourg 35 Francesco DE PALMA University of Strasbourg 36 Amélie BARBIER-GAUCHARD University of Strasbourg 37 Athanasios P. PAPADOPOULOS University of Crete 38 Rafael MENTGES University of Freiburg