Fifth ECB biennial conference on Fiscal policy and EMU governance

Policy panel: “Fiscal stabilisation and sustainability in EMU: Post-pandemic challenges and the role of NGEU”

Chair: Fabio Panetta, European Central Bank

Panellists:

• Paolo Gentiloni, European Commission
• Klaus Regling, European Stability Mechanism
• Olli Rehn, Suomen Pankki – Finlands Bank
• Hélène Rey, London Business School

Session I: Public risk sharing and monetary/fiscal interactions in the EU

Chair: Klaus Masuch, European Central Bank

“What are the likely macroeconomic effects of the EU Recovery plan?”

• Fabio Canova, BI Norwegian Business School
• Evi Pappa*, Universidad Carlos III de Madrid

Discussant: Roel Beetsma, University of Amsterdam and European Fiscal Board

“Monetary/Fiscal Interactions with Forty Budget Constraints”

• Marco Bassetto*, Federal Reserve Bank of Minneapolis
• Gherardo Caracciolo, University College London

Discussant: Laura Castillo-Martinez, Duke University

Keynote lecture

Chair: Philip Lane, European Central Bank

Ricardo Reis, London School of Economics

Session II: Macroeconomic effects of fiscal policy in advanced economies

Chair: Isabel Vansteenkiste, European Central Bank

“BIG G”

• Lydia Cox, Harvard University
• Gernot J. Müller*, University of Tübingen
• Ernesto Pasten, Central Bank of Chile
• Raphael Schoenle, Brandeis University
• Michael Weber, Booth School of Business

Discussant: Henning Weber, Deutsche Bundesbank

“Fiscal Policy in the Age of COVID: Does it ‘Get in all of the Cracks?’”

• Pierre-Olivier Gourinchas, University of California, Berkeley
• Ṣebnem Kalemli-Özcan*, University of Maryland
• Veronika Penciakova, Federal Reserve Bank of Atlanta
• Nick Sander, Bank of Canada

Discussant: Fabiano Schivardi, LUISS University