2013

The Future of Euro and Europe

Conference in honor of Nicola Acocella

EU Lecture “Completing EMU: Progress done, steps ahead”

Faculty of Economics, Sapienza University of Rome, July 2-3, 2013

About Nicola Acocella

Organizer: Giovanni Di Bartolomeo (Sapienza University of Rome).

Venue: Edificio di Presidenza – Secondo piano – Sala delle Lauree – Facoltà di Economia – Sapienza Università degli Studi di Roma – via del Castro Laurenziano, 9. Roma 00161, Italia. Tel. +39(0)6/49.766.921, Fax +39(0)6/49.41.621

Tuesday – July, 2

9.30 Welcome

Giuseppe Ciccarone (Sapienza University of Rome)

10.00 Session 1 – Chair Fabrizio Mattesini (University of Rome Tor Vergata)

• Willi Semmler (New School, New York), The macroeconomics of fiscal consolidation in the European Union (with Andre Semmler).
  Discussant Lilia Cavallari (University of Roma Tre)

• Roberto Tamborini (University of Trento), Heterogeneous market beliefs, fundamentals and the euro-sovereign debt crisis.
  Discussant Alessandra Pelloni (University of Rome Tor Vergata)

• Francesco Farina (University of Siena), Sovereign spreads in the Eurozone: the market sentiment and the heterogeneity across Core and Peripheral countries (with Elisabetta Croci Angelini).
  Discussant Giuseppe De Arcangelis (Sapienza University of Rome)

14.00 Session 2 – Chair Roberto Tamborini (University of Trento)

• Andrew Hughes Hallett (George Mason University), The importance of trade and capital imbalances in the Euro debt crisis.
  Discussant Fabrizio Mattesini (University of Rome Tor Vergata)

• Massimiliano Tancioni (Sapienza University of Rome), Debt default risk, interest rates and the business cycle (with Elton Beqira).
  Discussant Alessandro Piergallini (University of Rome Tor Vergata)

• Nicola Acocella (Sapienza University of Rome), The optimal inflation rate in the EMU: Revisiting Phelps’ arguments (with Giovanni Di Bartolomeo and Patrizio Tirelli).
  Discussant Paolo Paesani (University of Rome Tor Vergata)

• Giovanni Piersanti (University of Teramo), Expectations and systemic risk in EMU government bond (with Paolo Canofari and Giancarlo Marini).
  Discussant Alberto Bagnai (University of Pescara-Chieti)

18.30 End of the sessions

Wednesday – July, 3

10.00 Session 3 – Chair Willi Semmler (New School, New York)

• Cinzia Alcidi (CEPS), Country adjustment to a ‘sudden stop’: Does the euro make a difference? (with Daniel Gros).
  Discussant Antonio Villafranca (ISPI)

• Francesco Farina (University of Siena), EMU deflationary bias and the road to a Fiscal Union.
  Discussant Giovanni Di Bartolomeo (Sapienza University of Rome).

• Zeno Rotondi (Unicredit), The future of monetary policy: Exit strategies between art and science (with Giorgio Di Giorgio).
  Discussant Barbara Annichiarico (University of Rome Tor Vergata)

14.00 EU Lecture “Completing EMU: Progress done, steps ahead” by Marco Buti (European Commission, ECFIN Director General) – Chair Nicola Acocella (Sapienza University of Rome)

15.00 Roundtable – Chair Maurizio Franzini (Sapienza University of Rome)

• Marco Buti (European Commission)

• Andrew Hughes Hallett (George Mason University)

• Willi Semmler (New School, New York)

• Patrizio Tirelli (University of Milan Bicocca)

17.30 End of the conference