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2021 - Programme The Economy in Transition: Efficient and Sustainable Policies to Support Business Dynamism

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24th Annual DNB Research Conference - “The Economy in Transition: Efficient and Sustainable Policies to Support Business Dynamism”


De Nederlandsche Bank, 5th November 2021 (via Webex)

5th November 2021 (via Webex)

9:15-9:30  Opening address 
Olaf Sleijpen (DNB, Chief Economist)                                                                            

Session I: Demand-driven growth

Chair: Tjerk Kroes (DNB, Head of Economic Policy and Research Division)            

9:30-10:00  Productivity, demand and growth 
Petr Sedláček* (UNSB) and Marek Ignaszak (Goethe University)
10:00-10:10  Discussion by Maarten de Ridder (LSE)

10:10-10:20  General discussion

10:20-10:50  Aggregate demand amplification of supply side disruption: the entry-exit multiplier 
Florin Bilbiie* (University of Lausanne) and Marc Melitz (Harvard University)
10:50-11:00  Discussion by Lorenza Rossi (University of Lancaster and Pavia)

11:00-11:10  General discussion and End of Session

11:10-11:30  Break

11:30-12:30  Policy panel, Eric Bartelsman (Tinbergen Institute), Lucrezia Reichlin (London Business School and IFRS Foundation), and Rick van der Ploeg (University of Oxford)

Moderator: Guido Ascari (DNB, University of Pavia)

12:30-13:30  Lunch break

Session II:  Business dynamism

Chair: Maurice Bun (DNB, Head of Research Department, UvA)

13:30-14:00  Business dynamism, sectoral reallocation and productivity in a pandemic 
Guido Ascari (DNB, University of Pavia), Andrea Colciago* (DNB, University of Milano Bicocca) and Riccardo Silvestrini (Erasmus University Rotterdam) 
14:00-14:10  Discussion by Mathias Trabandt (Goethe University Frankfurt)

14:10-14:20  General discussion

14:20-14:50  Quantifying market power and business dynamism in the macroeconomy

Jan De Loecker (Katholieke Universiteit Leuven), Jan Eeckhout (UPF) and Simon Mongey (University of Chicago)
14:50-15:00  Discussion by Riccardo Silvestrini (Erasmus University)

15:00-15:10  General discussion and End of Session

15:10-15:30   Break

Session III:   Climate change

Chair: Dirk Broeders (DNB, Financial Markets Division, Maastricht University)

15:30-16:00  Corporate taxation and carbon emissions 
Luigi Iovino* (Bocconi University), Thorsten Martin (Bocconi University), and Julien Sauvagnat (Bocconi University) 
16:00-16:10  Discussion by Morten Olsen (University of Copenhagen). 

16:10-16:20  General discussion

16:20-17:30  Keynote speech: Financial regulation and climate change      John Cochrane (Stanford University)  

17:30  End of the conference