Event: A Fiscal Stabilisation Function for the Eurozone
20 April 2017, 09:00 am - 05:00 pm
1, Place du Congrès
Annual CEPS-Intereconomics Conference: A Fiscal Stabilisation Function for the Eurozone
The Five Presidents’ Report of 2015 has called for a macroeconomic stabiliser at the EMU level that would be capable of dealing with asymmetric shocks. A European unemployment benefits scheme (EUBS) is one potential stabilisation mechanism, although other proposals for devising risk-sharing tools that could be deployed across the Economic and Monetary Union have surfaced over the years. This high-level conference will explore and compare the advantages and disadvantages of the various schemes entertained. Which one is best suited for the member countries of EMU? Which one holds out the greatest promise of reducing the risk of deep recession? Do such schemes inevitably lead to moral hazard or are there practical safeguards that can be built into their provisions to minimise this risk from materialising? Are any of these proposal politically feasible in the near term? Join us and share your views on these important questions.
You can register for the conference via the CEPS website.
Studies and conclusions will then be published in a coming issue of Intereconomics.
9.00 - 9.30 Registration and Coffee
9.30 - 9.45 Welcome and Introduction
Brigitte Preissl, Intereconomics
Daniel Gros, CEPS
9.45 - 11.00 Session 1
A European Unemployment Benefits Scheme for the Eurozone
Moderator: Daniel Gros, CEPS
Karolien Lenaerts, CEPS
Sebastian Dullien, HTW Berlin
Discussant: Suzanne Simonetta, Expert on Unemployment Insurance in the US
11.00 - 11.30 Coffee Break
11.30 - 12.45 Session 2
EMU Governance and the Eurozone's Fiscal Stance
Moderator: Derek Kruse, Intereconomics
Nicolas Carnot, European Commission
Christophe Kamps, European Central Bank
Discussant: Paul De Grauwe, LSE and CEPS
12.45 - 13.45 Lunch Break
13.45 - 15.00 Session 3
Fiscal Rules, Fiscal Policy and Risk-Sharing: Friends or Foes?
Moderator: Niku Määttänen, ETLA
Iain Begg, LSE
Cinzia Alcidi, CEPS
Discussant: Anne-Laure Delatte, CEPII
15.00 - 15.30 Coffee Break
15.30 - 17.00 Roundtable Debate
A Fiscal Stabilisation Function for the Eurozone: Why and Towards What End?
Moderator: Martin Sandbu, Financial Times
Joaquin Almunia, CEPS Board
Clemens Fuest, CES-Ifo
Suzanne Simonetta, Expert on Unemployment Insurance in the US
Frank Vandenbroucke, University of Amsterdam