IMF Conference
June 25-26, 2018
The Central Bank of Ireland (CBI), the International Monetary Fund (IMF) and the IMF Economic Review are organizing a joint conference on "The Euro at 20". Since its launch in January 1999, the euro project has received much praise as well as criticism. As the currency is about to turn twenty, the conference will take stock of the euro’s performance. The conference will be hosted by Central Bank of Ireland and will take place in Dublin, Ireland on June 25-26, 2018.
Access photos and bios of participants.
Monday, June 25, 2018 |
|
| 8:00-8:45 am |
Registration |
| 8:45-9:10 am |
Welcome Remarks: Christine Lagarde, Managing Director, International Monetary Fund |
| 9:10-10:40 am |
Session 1: Monetary Policy Chair: Gillian Phelan (Central Bank of Ireland) Communications Breakdown: The Transmission of Different Types of ECB Policy Announcements Andrew Kane (Federal Reserve Board), John Rogers (Federal Reserve Board), and Bo Sun (Federal Reserve Board) Discussant: Katrin Assenmacher (European Central Bank) Eurozone Architecture and Target 2: Risk-sharing and the Common-pool Problem Aaron Tornell (University of California, Los Angeles) Discussant: Robert McCauley (Bank for International Settlements) |
| 10:40-10:50 am |
*** Coffee Break *** |
| 10:50-12:20 pm |
Session 2: Banking and Regulation Chair: Ed Sibley (Central Bank of Ireland) The Procyclicality of Banking: Evidence from the Euro Area Harry Huizinga (Tilburg University) and Luc Laeven (European Central Bank) Discussant: Dimitri Vayanos (London School of Economics) International Capital Flows at the Security Level – Evidence from the ECB’s Asset Purchase Programme Katharina Bergant (European Central Bank and Trinity College Dublin), Michael Fidora (European Central Bank), and Martin Schmitz (European Central Bank) Discussant: Elias Papaioannou (London Business School) |
| 12:20-1:45 pm |
*** Lunch *** Luncheon Remarks by Barry Eichengreen (University of California, Berkeley) |
| 1:45-3:45 pm |
Session 3: Fiscal Policy Chair: Patrick Honohan (Trinity College and Peterson Institute for International Economics) Fiscal Stimulus in a Monetary Union: Evidence from Eurozone Regions Maria Coelho (International Monetary Fund) Discussant: Tommaso Monacelli (Bocconi University) Fiscal Policy and the Shifting Goalposts Antonio Fatás (INSEAD) Discussant: Gian Maria Milesi-Ferretti (International Monetary Fund) Fiscal Policy, Inflation and Trade Linkages Luisa Lambertini (École Polytechnique Fédérale de Lausanne) and Christian Pröbsting (École Polytechnique Fédérale de Lausanne) Discussant: Gita Gopinath (Harvard University) |
| 3:45-4:00 pm |
*** Coffee Break *** |
| 4:00-5:30 pm |
Policy Panel: Euro Area Reform and Architecture Moderator: Sharon Donnery (Central Bank of Ireland)
|
|
***Conference Reception and Dinner *** (by invitation only) Dinner Remarks by Maury Obstfeld |
|
Tuesday, June 26, 2018 |
|
| 8:30-9:00 am |
Registration |
| 9:00-9:45 am |
Chair: Adrienne Cheasty (International Monetary Fund) Keynote: Philip Lane (Governor, Central Bank of Ireland) |
| 9:45-10:00 am |
*** Coffee Break *** |
| 10:00-12:00 pm |
Session 4: Risk Sharing Chair: Derville Rowland (Central Bank of Ireland) Are Banking and Capital Markets Union Complements? Evidence from Channels of Risk Sharing in the Eurozone Mathias Hoffmann (University of Zurich), Egor Maslov (University of Zurich), Bent E. Sorensen (University of Houston), and Iryna Stewen (Gutenberg School of Management and Economics) Discussant: Marcel Fratzscher (DIW Berlin) Does a Currency Union Need a Capital Market Union? Joseba Martinez (New York University), Thomas Philippon (New York University) and Markus Sihvonen (Aalto University) Discussant: Giovanni Dell'Ariccia (International Monetary Fund) Cross-Border Bank Funding Supply and Bank Lending: Evidence from Slovenia Uroš Herman (GSEFM, Goethe University Frankfurt) and Matija Lozej (Central Bank of Ireland) Discussant: Enrica Detragiache (International Monetary Fund) |
| 12:00-1:30 pm |
*** Lunch *** Luncheon Remarks by Olivier Blanchard (Peterson Institute for International Economics) |
| 1:30-3:00 pm |
Policy Panel: Experiences with Economic and Financial Integration Moderator: Maury Obstfeld (International Monetary Fund)
|
| 3:00-3:15 am |
*** Coffee Break *** |
| 3:15-4:45 pm |
Session 5: Labor Markets Chair: Mark Cassidy (Central Bank of Ireland) Immigrants, Labor Market Dynamics and Adjustment to Shocks in the Euro Area Gaetano Basso (Bank of Italy), Francesco D’Amuri (Bank of Italy) and Giovanni Peri (University of California, Davis) Discussant: Alan Barrett (Economic and Social Research Institute) Hanging from a cross of euros? Macroeconomic Adjustment in and out of the Eurozone Livio Stracca (European Central Bank) Discussant: Pierre-Olivier Gourinchas (University of California, Berkeley) |
Conference Organizing Committee: Sebnem Kalemli-Ozcan (University of Maryland and guest editor, IMF Economic Review), Philippe Martin (Sciences Po and guest editor, IMF Economic Review), Emine Boz (IMF and co-editor, IMF Economic Review), Mark Cassidy (Central Bank of Ireland), Philip Lane (Central Bank of Ireland), Linda Tesar (University of Michigan and editor, IMF Economic Review).
Conference Coordinator: Tracey Lookadoo
