Proposed Agenda for 21 June 2013 NERO Meeting,
|1. Monetary Policy 9h to 10h30|
Bill Robson, CD Howe, “Concerns about the ‘low for long’ environment, mainly with regard to the household sector and financial intermediaries, and debates over how effectively macroprudential regulation’ can address them”
Presentation: Canada in a Low-for-Long Environment
Marcel Fratzscher, DIW, “Monetary policy spillovers”
Sven Blöndal, OECD, “Marginal costs and benefits of extremely accommodating monetary policy”.
|2. Fiscal Policy 10h30 to 12h|
Coen Teulings, CPB (formerly), “Optimal fiscal policy”
Boris Cournède, OECD, “The choice of consolidation instruments in the face of conflicting objectives”.
Jim Poterba, NBER, “New strategies for estimating fiscal multipliers”.
|3. Post-crisis Structural Reform 12h to 13h|
Fukunari Kimura, TCER, “Explosive development of production networks in East Asia and its implication for economic integration. Not only China (with probably too big fiscal stimulus) but also ASEAN and other East Asian countries have experienced rapid trade growth since 2008. This actually provides logical background on Abenomics in which TPP or RCEP is claimed to generate economic growth and employment in Japan”
Presentation: How to Grow with Developing Countries? Globalizing Corporate Activities and Domestic Economy in Japan
Sandwich lunch from 13h to 13h30
|4. European Adjustment 13h30 to 15h|
Karl Aiginger, WIFO, “Restarting growth in southern Europe in a period of fiscal consolidation”
Christophe Blot, OFCE, “European fiscal policy: the timing of fiscal consolidation”
Presentation: Is there an alternative strategy for reducing public debt by 2032 ?
John Fitzgerald, ESRI, “Lessons from a painful adjustment (the Irish experience of last 5 years compared with the adjustment process in Spain and also with earlier adjustments undertaken in Europe during past crises)”
Presentation: Ireland and Spain in the Crisis:the Tortoise and the Hare?
Guntram Wolff, Bruegel, “Bruegel’s evaluation of the Troika programmes”
Presentation: EU-IMF assistance to Euro Area countries: An Early Evaluation by Jean Pisani-Ferry, André Sapir, Guntram B. Wolff
|5. The Research Agenda (Closing Roundtable) 15h to 16h30|