Skip to main content
Economy and Finance
Conferences and summits

DG ECFIN Workshop – "Fiscal rules in Europe: Design and Enforcement"

On Tuesday 28 January 2020, DG ECFIN organised its annual workshop on fiscal policy, dedicated this year to "Fiscal rules in Europe...

On Tuesday 28 January 2020, DG ECFIN organised its annual workshop on fiscal policy, dedicated this year to "Fiscal rules in Europe: Design and Enforcement". The workshop was a one-day event with high-profile speakers and discussants from academia and international institutions.

Fiscal Rules in Europe: Design and Enforcement
English
(266.71 KB - PDF)
Download
  • financing policy | Economic and Monetary Union | economic policy | euro
  • -
  • Brussels, Belgium
  • Live streaming available

Programme

  1. 28 Jan 2020,
    08:15 AM - 08:45 AM CET

    Registration and welcome coffee

  2. 08:45 AM - 09:00 AM CET

    Introduction: Paolo Gentiloni (European Commission)

  3. 09:00 AM - 10:00 AM CET

    KEYNOTE SPEECH:FUTURE OF FISCAL RULES IN THE EURO AREA – Vítor Gaspar (IMF)

  4. 10:00 AM - 10:15 AM CET

    Coffee break

  5. 10:15 AM - 12:15 PM CET

    SESSION I – FISCAL RULES: HOW TO DESIGN THEM? – Chair: Lucio Pench (European Commission)

  6. 10:15 AM - 10:55 AM CET

    Effects of Austerity: Expenditure- and Tax-based Approaches – Francesco Giavazzi (Bocconi University), Alberto Alesina (Harvard University), Carlo Favero (Bocconi University)
    Discussant: Adi Brender (Bank of Israel)

  7. 10:55 AM - 11:35 AM CET

    The Stability and Growth Pact’s Debt Benchmark Rule Revisited – Sebastian Hauptmeier (ECB), Christophe Kamps (ECB)
    Discussant: Martin Larch (European Fiscal Board)

  8. 11:35 AM - 12:15 PM CET

    European Fiscal Rules Require a Major Overhaul – Philippe Martin (Sciences Po Paris), Xavier Ragot (Sciences Po Paris), Zsolt Darvas (Bruegel)
    Discussant: Ludger Schuknecht (OECD)

  9. 12:15 PM - 01:45 PM CET

    Lunch break

  10. 01:45 PM - 02:25 PM CET

    SESSION II – FISCAL RULES: HOW TO ENFORCE THEM? – Chair: Elena Flores (European Commission)

  11. 01:45 PM - 02:15 PM CET

    Fiscal Rules and Discretion : Insights from Theory  - Pierre Yared (Columbia University), Marina Halac (Yale University)
    Discussant: Eckhard Janeba (University of Mannheim)

  12. 02:25 PM - 03:05 PM CET

    Under Threat: Rules-Based Fiscal Policy and How to Preserve It – Xavier Debrun (National Bank of Belgium), Lars Jonung (Lund University)
    Discussant: Marketta Henriksson (Ministry of Finance, Finland)

  13. 03:05 PM - 03:35 PM CET

    Impulse - Fiscal Rules and Financial Markets: Complements or Substitutes? - Silvia Ardagna (Goldman Sachs)

  14. 03:35 PM - 04:00 PM CET

    Coffee break

  15. 04:00 PM - 05:30 PM CET

    HIGH-LEVEL POLICY PANEL: THE FUTURE EVOLUTION OF THE EU FISCAL FRAMEWORK
    Moderator: Maarten Verwey (European Commission)
    Panellists: Vítor Gaspar (IMF), Philip Lane (ECB), Ludger Schuknecht (OECD), Niels Thygesen (European Fiscal Board)

  16. 05:30 PM - 05:45 PM CET

    CONCLUSION

Practical information

When
-
Where
Charlemagne building, Room: JENKINS, Rue de la Loi 170
Charlemagne building, Room: JENKINS, Rue de la Loi 170, 1000 Brussels, Belgium

Report