2012 - Programme Household Finances and Behaviour in Times of Crisis

Programme

Wednesday, 24 October 2012

17:30-19:00 Welcome drinks in Hotel Notting Hill (Westeinde 26)

 

Thursday, 25 October 2012

8:30-9:00 Registration with coffee/tea

9:00-9:15 Opening by Klaas Knot, President of De Nederlandsche Bank (DNB) 

SESSION I: Crisis, Older Households, and Pensions

Chair: Klaas Knot, President of DNB
 
9:15-10:30 Rowena Crawford (Institute for Fiscal Studies)
‘The Effect of the Financial Crisis on Older Households in England’
Discussant: Maarten van Rooij (DNB)


10:30-10:45 Coffee break  
 
10:45-12:00 Federica Teppa  (DNB)
‘Is Information Overrated? Evidence from the Pension Domain’
Discussant: Mark Schweitzer (Federal Reserve Bank of Cleveland)


12:00-13:00 Lunch in Foyer, at 1st floor of DNB  
 
13:00-14:00 Keynote Address: Karen Dynan (Brookings Institution)
‘The U.S. Debt Overhang’
Chair: Jan Marc Berk, Director of Economics and Research of DNB


14:00-14:15 Coffee break

SESSION II: Financial Innovation and Crisis

Chair: Jan Marc Berk, Director of Economics and Research of DNB
 
14:15-15:30 John V. Duca  (Federal Reserve Bank of Dallas)
‘How Financial Innovations and Accelerators Drive Booms and Busts in U.S. Consumption’
Discussant: Dimitris Christelis (University of Naples Federico II)


15:30-15:45 Coffee break  
 
15:45-17:00 Jean-Paul L’Huillier (Einaudi Institute for Economics and Finance)
‘Technological Revolutions and Debt Hangovers: Is There a Causal Link?’
Discussant: Vincent Sterk (University College London)


Social Event
17.30-21:30 Boat tour leaving at De Nederlandsche Bank (DNB) (Westeinde 1) , followed by conference dinner at restaurant Christophe (Leliegracht 46)  
   
 
Friday, 26 October 2012


8:45-9:15 Registration with coffee/tea

SESSION III: Saving and Households’ Financial Vulnerability

Chair: Jakob de Haan, Head of Research of DNB
 
9:15-10:30 Christoph Basten  (ETH Zürich/KOF Swiss Economic Institute)
‘Saving and Portfolio Allocation Before and After Job Loss’
Discussant: Dimitris Georgarakos (Goethe University Frankfurt)


10:30-10:45 Coffee break  
 
10:45-12:00 Thomas Crossley  (University of Cambridge, Koç University and Institute for Fiscal Studies)
‘Saving on a Rainy Day, Borrowing for a Rainy Day’
Discussant: Michael Haliassos (Goethe University Frankfurt)


12:00-13:00 Lunch in Foyer, at 1st floor of DNB  
 
13:00-14:00 Keynote Address: Tullio Jappelli (University of Naples Federico II)
‘Wealth Shocks, Unemployment Shocks and Consumption in the Wake of the Great Recession’
Chair: Job Swank, Executive Director of DNB


14:00-14:15 Coffee break

SESSION IV:  Labour and Housing Market Shocks

Chair: Job Swank, Executive Director of DNB
 
14:15-15:30 Susann Rohwedder  (RAND)
‘Consumption Smoothing During the Financial Crisis: The Effect of Unemployment on Household Spending’
Discussant: Henriëtte Prast (Tilburg University)


15:30-15:45 Coffee break  
 
15:45-17:00 Robert Kelly (Central Bank and Financial Services Authority of Ireland )
‘House Prices, Unemployment and Irish Mortgage Losses’
Discussant: Ernesto Villanueva (Banco de España)


17:00-18:30 Farewell drinks