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19/01/2016 : ECFIN Workshop – "Fiscal policy after the crisis"

On 19 January 2016 DG ECFIN will organise a workshop on Fiscal Policy

The workshop on Fiscal Policy after the Crisis will be a one-day event featuring two sessions of analytical presentations followed by discussants’ analysis and debate.

  • The first session gathers papers analysing fiscal policy within a low-inflation context.
  • The second session will include selected papers on the topic of fiscal policy after the crisis, by analysing developments in debt, investments and inequality.
  • High-profile authors and discussants from the academia and international institutions will distil lessons on how to best conduct fiscal policy in an environment of high debt and low inflation in which nominal interest rates cannot decrease further. In this context, low growth, related to low investment exacerbates social challenges making the choices of fiscal policy makers very hard.

Practical Information

  • Venue: Sicco Mansholt (MANS) Room, Charlemagne building, Rue de la Loi 170, Brussels
  • Registration: Registration is now closed.
09:00-09:30Registration and welcome coffee
09:30-09:45Introduction: Marco Buti (DG ECFIN)
09:45-12:45Fiscal policy in a low inflation context

Chair: Lucio Pench (DG ECFIN)

09:45-10:30Fiscal Consolidation in a Disinflationary Environment: Price-Based versus Quantity-Based Measurespdf(2 MB) Choose translations of the previous link 
Evi Pappa, Rana Sajedi and Eugenia Vella (European University Institute)

Discussant: Raf Wouters (National Bank of Belgium)

10:30-11:00Coffee break
11:00-11:45Public finances and inflation: the case of Spainpdf(846 kB) Choose translations of the previous link 
Samuel Hurtado, Pablo Hernández de Cos, and Francisco Martí and Javier J. Pérez (Banco de Espana)

Discussant: Werner Roeger (European Commission)

11:45-12:30Deflation and Public Finances: Evidence from the Historical Recordspdf
Nicolas End, Sampawende J.-A. Tapsoba, Gilbert Terrier, and Renaud Duplay (International Monetary Fund)

Discussant: Martin Larch (European Commission)

12:30-14:00

Lunch break

14:00-17:00Fiscal policy after the crisis

Chair: Carlos Martinez Mongay (DG ECFIN)

14:00-14:45Optimal tax smoothing when debt is subject to asymmetric shockspdf(661 kB) Choose translations of the previous link 
Julio Escolano, Vitor Gaspar (International Monetary Fund)

Discussant: Carlo Favero (Bocconi University)

14:45-15:30Fiscal consolidation, inequality and poverty: an empirical analysispdf(2 MB) Choose translations of the previous link 
Tim Buyse (University of Ghent)

Discussant: Christian Kastrop (OECD)

15:30-16:00Coffee break
16:00-16:45Economic Growth and Public and Private Investment Returnspdf(553 kB) Choose translations of the previous link 
António Afonso, Miguel St. Aubyn (University of Lisbon)

Discussant: Narcissa Balta (European Commission)

16:45-17:00Conclusion

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