Preventing and Correcting Macroeconomic Imbalances in the Euro Area


Thursday, 13 October

Welcome by Jakob de Haan, Head of Research DNB

First Session

Chair: Helge Berger (IMF) 

Lukas Vogel (DG Economic and Financial Affairs; European Commission)
Structural reforms and external rebalancing in the euro area: A model-based analysis 
Discussant: Thierry Tressel (IMF)

Ruo Chen, Gian Maria Milesi-Ferretti, and Thierry Tressel (IMF)
Euro Area Debtor Countries: External Imbalances in the Euro Area
Discussant: Robert Vermeulen (DNB)

Fabian Amtenbrink (Erasmus University, Rotterdam) and Jakob de Haan (DNB and University of Groningen)
Can Eurobonds be an Effective Economic Instrument in the Eurozone?
Discussant: Jeroen Hessel (DNB)

Policy panel

consisting of:
Declan Costello (EC, DG ECFIN)
Luc Everaert (IMF)
Harry Flam (IIES, Stockholm), 

Friday 14 October

Second Session

Chair: Jakob de Haan

Christiane Nickel and Isabel Vansteenkiste (ECB)
The international spillover of fiscal spending on financial variables 
Discussant: Peter Wierts (DNB)

Michael C. Burda (Humboldt University) and Jennifer Hunt (McGill University) 
What Explains the German Labor Market Miracle in the Great Recession? 
Discussant: Helge Berger (IMF)

Florence Jaumotte and Hanan Morsy (IMF) 
Determinants of Inflation in the Euro Area: the Role of Labor and Product Market Institutions 
Discussant: Marco Hoeberichts (DNB)

Andreas Mueller (IIES) and Mirko Abbritti (IIES) 
Asymmetric Labor Market Institutions in the EMU and the Volatility of Inflation and Unemployment Differentials 
Discussant: Leo de Haan (DNB)

Helge Berger (IMF) and Volker Nitsch (Technische Universität Darmstadt)
The Euro’s Effect on Trade Imbalances 
Discussant: Steven Poelhekke (DNB)

Peter Wierts, Henk van Kerkhoff and Jakob de Haan (DNB) 
Trade dynamics in the Euro Area: A Disaggregated Approach 
Discussant: Harry Flam (IEES)

Anna Ivanova (IMF) 
Current Account Imbalances: Can Structural Policies Make a Difference?  
Discussant: Remco van der Molen (DNB)