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22/04/2004 - 23/04/2004 : The Brussels Economic Forum 2004; Les entretiens économiques de Bruxelles; Das Brüsseler Wirtschaftsforum

Brussels
22 -23 April 2004



Contributions

Klaus Regling, Director General, Directorate General for Economic and Financial Affairs, European CommissionOpening address enpdf(108 kB) (pdf file 100 kb)

Session 1.
The Economic Outlook and the Broad Economic Policy Guidelines. Summary enpdf(148 kB) (pdf file 140 kb)
Chair: Emmanuel Lechypre, Head of Economic Service and responsible for the Forecast Centre of "L'Expansion"
Klaus Regling, Director General, Directorate General for Economic and Financial Affairs, European CommissionCommission's spring forecasts and Broad Economic Policy Guidelines. Presentations on specific issues relating to the economic outlook and policy guidelines enpdf(442 kB) (pdf file 420 kb)
Richard Hemming, Senior Advisor, Fiscal Affairs Department, International Monetary Fund IMFRules based fiscal policy in EMU: pros and cons enpdf(96 kB) (pdf file 100 kb)
Prof. Torben M. Andersen, University of Aarhus, DenmarkNon-Keynsian effect of fiscal policy: theory and evidence enpdf(111 kB) (pdf file 100 kb)

Policy panel and open debate

Henri Malosse, President of the section "Economic and Monetary Union and Economic and Social Cohesion", European Economic and Social Committee
Philippe de Buck, Secretary-General, UNICE
John Monks, Secretary-General, ETUC
 

Session 2.
Economic convergence in the new Member States: the role of the financial sector. Summary enpdf(85 kB) (pdf file 80 kb)
Chair: Vicompte Etienne Davignon, Ministre d'Etat, Vice-President SUEZ-TRACTEBEL and Former Vice-President of the European CommissionIntroduction

Part 1.
Market integration and efficiency – progress and challenges

Lars Heikenstein, Governor of Sveriges RiksbankLiberalisation, competition and efficiency; spreads and liquidity; market structures and financial depth; institutional diversification and corporate governance; the role of payments and clearing systems
Werner Riecke, Former Vice-Governor, National Bank of HungaryThe challenge of nominal convergence. Implications for economic and monetary policy and financial stability in the new Member States. Lessons from Hungary's experience enpdf(128 kB) (pdf file 130 kb)
Part 2.
Promoting sustainable growth
Vahur Kraft, Governor, Bank of EstoniaReal convergence and financial stability enpdf(260 kB) (pdf file 250 kb); enpdf(251 kB) (pdf file 240 kb)
Susan Schadler, Deputy Director, International Monetary Fund (IMF)Macroeconomic policies and financial stability; the implications of rapid credit growth; transparency and stability; patterns of risk under different monetary strategies enpdf(334 kB) (pdf file 320 kb)

Policy panel and open debate

Herman Agneessens, Chief Financial officer & Chief Risk Officer, KBC Bank & Insurance Holding Company (until end 2003, responsible for KBC's activities in Central Europe)
Prof. Alberto Giovannini, Unifortune Asset Management enpdf(113 kB) (pdf file 100 kb)
Maxwell Watson, Advisor, Directorate General for Economic and Financial Affairs

Session 3.
23 April 2004. 09.15 - 13.00
Real and nominal convergence in the European Union. Summary enpdf(52 kB) (pdf file 100 kb)

Chair: Steven Kämpfer, Vice -President, European Bank for Reconstruction and Development enpdf(192 kB) (pdf file 190 kb)

Part 1.
The experience of five years with the euro

Val Koromsay, Director, Department of Economic Studies, OECDEconomic differences between Member States in the EMU. Economic equilibrium vs. policy divergences enpdf(210 kB) (pdf file 200 kb)
Paolo Sestito, Ministero del Lavoro, RomeEconomic convergence across and within EU countries: is there a puzzle? enpdf(140 kB) (pdf file 130 kb)

Part 2.

John Fitz Gerald, Economic and Socal research Institute, DublinLessons from 20 years of cohesion enpdf(404 kB) (pdf file 400 kb)
V ítor Manuel Ribeiro Constancio, Governor, Bank of PortugalWhat kind of policies should the new Member States apply to optimise their speed of convergence? enpdf(701 kB) (pdf file 680 kb)
12.00 - 13.00

Policy panel and open debate

Vitor Gaspar, Director General, Directorate General research, European Central Bank enpdf(120 kB) (pdf file 115 kb)
Prof. Michael Landesmann, Institute for International Economic Studies, Vienna
Lars Jonung, Advisor, Directorate General for Economic and Financial Affairs enpdf(271 kB) (pdf file 260 kb)

Session 4.
The new community financial perspectives after 2006

Chair: Michaela Schreyer, Member of the European Commission in charge of the budget enpdf(167 kB) (pdf file 160 kb)

Part 1.
The link between the financial perspectives and the implementations of the Lisbon strategy

Philipe Maystadt, Chairman of the EIBThe role of the European Investment Bank enpdf(159 kB) (pdf file 160 kb)
Tom Considine, Secretary General of Ireland's Finance MinistryThe role of the EU financial perspectives in the development of Ireland enpdf(174 kB) (pdf file 170 kb)

Part 2.
The new financial perspectives and convergence in an enlarged Europe

Luc Coene, Vice Governor of National Bank of Belgium and MinsterThe views of a founding Member of the EU enpdf(427 kB) (pdf file 420 kb)
Leszek Balcerowicz, President, National bank of PolandReal convergence from the accession countries perspective enpdf(295 kB) (pdf file 290 kb)

Final policy panel and open discussion on the 5th Brussels Economic Forum

Anne Elisabeth Jensen, Vice-Chairwoman of the Committee on Budgets, European Parliament
Prof. Philippe Aghion, Harvard University, USA
Jean Pisani - Ferry, University of Paris-Dauphine and Ecole polytechnique enpdf(112 kB) (pdf file 110 kb)
Antonio José Cabral, Deputy Director General, Directorate-General for Economic and Financial Affairs, European Commission

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