2016

Present and Future of the EU and EMU: Debts, Deficits, and related Institutional Designs

Workshop in honor of Francesco Forte

Venue: Faculty of Economics, Sapienza University of Rome, Via del Castro Laurenziano, 9 00161, Rome, Italy (where we are)

Organizers': Silvia Fedeli (silvia.fedeli@uniroma1.it) and Giovanni Di Bartolomeo (giovanni.dibartolomeo@uniroma1.it)

Supported by: Faculty of Economics, Department of Economics and Law, Master in Economics of Money Credit and Finance (EMCF), Società Italiana di Economia Pubblica (SIEP)

December 2, 2016 - 14.00-19.30 (Aula 4)

Conference Opening

Welcome of the Academic Authorities

• Eugenio Gaudio (Rector of Sapienza University of Rome)

• Silvia Fedeli (Director of the Department of Economics and Law) 

Introduction: Giovanni Di Bartolomeo (Sapienza)

The EU and the crisis. Chair: Francesco Forte (Sapienza)

• Mario Baldassarri (Sapienza), European roots of the European crisis

• Patrizio Tirelli (Bicocca), Alice Albonico (Ec Joint Research Centre), and Roberta Cardani (Bicocca), Debunking the myth of Southern profligacy. A DSGE analysis of business cycles in the EMUs big four

• Domenico Mario Nuti (Sapienza), Seismic faults in the European Union

Sovereign debts - Chair: Benedicta Marzinotto (EC and University of Udine)

• Peter Claeys (Free University of Brussels), Jacopo Cimadomo (ECB), Marcos Poplawski-Ribeiro (IMF), How do experts forecast spreads?

• Willi Semmler (New School, New York), and Christian R. Proaño (New School, New York and IMK, Düsseldorf), Escape routes from sovereign default risk in the euro area

• Giovanni Piersanti (Teramo), Alessandro Piergallini (Tor Vergata), Paolo Canofari (Luiss), The fallacy of fiscal discipline

Fiscal institutions - Chair: Francesco Felici (MEF)

• Francesco Felici (MEF), Francesco Nucci (Sapienza), Ottavio Ricchi (MEF), Cristian Tegami (Sogei), Fiscal multipliers and the risk of self-defeating fiscal consolidation: Evidence for the Italian economy

• Benedicta Marzinotto (EC and University of Udine), Income inequality and macroeconomic imbalances under EMU

• Elton Beqiraj, Silvia Fedeli, and Francesco Forte (Sapienza), Fiscal compact and GDP growth. An empirical study on OECD countries (1991-2015)

• Giuseppe Pisauro (Sapienza and Ufficio parlamentare di bilancio), Fiscal policy and budget rules

December 3, 2016, 10.00-13.30 (Sala delle lauree)

The past and the future of the EU - Chair: Francesco Forte (Sapienza)

• Gordon Brady (Elon University) and Cosimo Magazzino (Roma3), Fiscal sustainability in the EU

• Floriana Cerniglia (Cattolica), Enzo Dia (Bicocca), Andrew Hughes Hallett (George Mason University ), Debt stability under entitlement spending

• Laura Razzolini (Virginia Commonwealth University), What can experimental economics teach us about European Integration?

Euro, debt, and fiscal policy - Chair: Silvia Fedeli (Sapienza)

• Lars Feld (University of Freiburg and Walter Eucken Institute), Public debt, factions, and rules: Towards effective restraints on fiscal commons problems

• Enrico Saltari (Sapienza) and Daniela Federici (University of Cassino), Fiscal policy and currency union

• Paolo Canofari (Luiss), Giovanni Di Bartolomeo (Sapienza), and Marcello Messori (Luiss), EMU stability: Keynes vs. Williamson

Concluding remarks by Francesco Forte.