Sixth Annual Workshop: ESCB Research Cluster 2
29/09/2022 - 30/09/2022 (Workshops)
Τράπεζα της Ελλάδος, Danmarks Nationalbank
Φιλοξενία του 6th Annual Workshop: ESCB Research Cluster 2 με τη συμμετοχή στελεχών της Διεύθυνσης Οικονομικών Μελετών και Ανάλυσης.
Ακολουθεί παρακάτω το πρόγραμμα (στα αγγλικά):
International Macroeconomics, Fiscal Policy, Labour Economics, Competitiveness, and EMU Governance
Thursday, September 29
09:00 - 09:05 Welcome by Yannis Stournaras (Governor, Bank of Greece)
09:05 - 09:50 Keynote Speech: The monetary and fiscal policy mix in times of high inflation Frank Smets (European Central Bank)
Chair: Dimitris Malliaropulos (Bank of Greece)
Break
Session I: Current Policy Issues: Sanctions and Bottlenecks
10:15 – 10:50 International sanctions and the dollar: Evidence from trade invoicing
Antoine Berthou (Banque de France) - Slides
Discussion: Aurelija Proškutė (Lietuvos Banka)
10:50 – 11:25 Adjusting to Economic Sanctions
Povilas Lastauskas (Lietuvos Banka), Aurelija Proškutė (Lietuvos Banka),
Alminas Zaldokas (HKUST) - Slides
Discussion: Antoine Berthou (Banque de France) - Slides
11:25 – 12:00 GVC exporters’ performance during the COVID-19 pandemic: the role of supply bottlenecks
Laura Lebastard (European Central Bank), Marco Matani
(European Central Bank), Roberta Serafini (European Central Bank) - Slides
Discussion: Sebastian Stumpner (Banque de France) - Slides
Lunch
Session II: Labor Economics
13:30 – 14:00 What Are the Labor and Product Market Effects of Automation?
New Evidence from France
Philippe Aghion (College de France), Celine Antonin (Sciences Po),
Simon Bunel (Banque de France), Xavier Jaravel (LSE) - Slides
Discussion: Federico Cingano (Banca d’Italia) - Slides
14:00 – 14:30 Making subsidies work: rules vs discretion
Federico Cingano (Banca d’Italia), Paolo Pinotti (Banca d’Italia),
Filippo Palomba (Banca d’Italia), Enrico Rettore (Banca d’Italia) - Slides
Discussion: Alari Paulus (Eesti Pank) - Slides
14:30 – 15:00 Consumption effects of job loss expectations – new evidence for the euro area
Antonio Dias da Silva (European Central Bank), Desislava Rusinova
(European Central Bank), Marco Weissler (European Central Bank) - Slides Discussion: Francesco D’Amuri (Banca d’Italia) - Slides
Break
Session III: Currency Dominance: Past, present, and future
15:30 – 16:00 Fundamentals vs. policies: can the US dollar's dominance in global trade be dented?
Cedric Tille (Graduate Institute), Arnaud Mehl (European Central Bank),
Georgios Georgiadis (European Central Bank), Helena Le Mezo
(European Central Bank) - Slides
Discussion: Simon Lloyd (Bank of England) - Slides
16:00 – 16:30 The Rise and Fall of Global Currencies Over Two Centuries
Roger Vicquery (Bank of England) - Slides
Discussion: Georgios Georgiadis (European Central Bank) - Slides
16:30 – 17:00 E pluribus plures: Shock dependency of the USD pass-through to real and financial variables
Massimo Ferrari Minesso (European Central Bank),
Johannes Gräb (European Central Bank) - Slides
Discussion: Sarah Mouabbi (Banque de France) - Slides
Friday, September 30
Session IV: Economics and Governance of Monetary Unions
09:15 – 09:45 Passive Monetary Policy and Active Fiscal Policy in a Monetary Union
Bartoz Mackowiak (European Central Bank),
Sebastian Schmidt (European Central Bank) - Slides
Discussion: James Costain (Banco d’Espana) - Slides
09:45 – 10:15 The Political Economy of Currency Unions
Kai Arvai (Banque de France) - Slides
Discussion: Sebastian Schmidt (European Central Bank) - Slides
10:15 – 10:45 Fiscal Multipliers with an Informal Sector
Harris Dellas (University of Bern), Dimitris Malliaropulos (Bank of Greece),
Dimitris Papageorgiou (Bank of Greece), Evangelia Vourvachaki (Bank of Greece) - Slides Discussion: Romanos Priftis (European Central Bank)
Break
11:15 - 12:00 Keynote Speech: International Unions and International Integration
Elias Papaioannou (London Business School)
Chair: Renato Faccini (Danmarks Nationalbank)
Lunch
Session V: Productivity and Firm Dynamics
13:00 – 13:30 Patents that Match your Standards: Firm-level Evidence on Competition and Innovation
Antonin Bergeaud (HEC), Julia Schmidt (Banque de France),
Riccardo Zago (Banque de France) - Slides
Discussion: Omiros Kouvavas (European Central Bank)
13:30 – 14:00 Firm Cyclicality and Financial Frictions
Alex Clymo (University of Essex), Filip Rozsypal (Danmarks Nationalbank) - Slides
Discussion: Michaela Elfsbacka-Schmöller (Bank of Finland) - Slides
14:00 – 14:30 Trade, Misallocation, and Capital Market Integration
Laszlo Tetenyi (Banco de Portugal) - Slides
Discussion: Filip Rozsypal (Danmarks Nationalbank) - Slides
End of workshop
Organizers: Renato Faccini (Danmarks Nationalbank) and Filippos Petroulakis (Bank of Greece)
Program Committee: Antonin Bergeaud (Banque de France), Antoine Berthou (Banque de France), Jacopo Cimadomo (European Central Bank), Renato Faccini (Danmarks Nationalbank), Ana Lamo (European Central Bank), Arnaud Mehl (European Central Bank), Petros Migiakis (Bank of Greece), Matthias Rottner (Deutsche Bundesbank), and Ernesto Villanueva (Banco d’España)
Contacts: Filippos Petroulakis: fpetroulakis@bankofgreece.gr
Christina Tsochatzi: ctsochatzi@bankofgreece.gr
Renato Faccini: rmmf@nationalbanken.dk
Bank of Greece Public Relations public.relations@bankofgreece.gr