09.00 - 10.40

Plenary Session
What governance for the euro area?

Chair: Virginie Coudert, Bank of France, CEPII, and EconomiX‐CNRS, University of Paris Ouest

The European Monetary Fund – A systemic problem needs a systemic solution, Stephan Schulmeister, WIFO

How to restore sustainability of the euro? Kari Alho, ETLA


Discussant: John FitzGerald, ESRI


10.00 - 12.00

Session 1
EU Governance

Chair: Paolo Onofri, PROMETEIA

The new EU fiscal governance framework: a quantum leap or only small steps ahead?
Gerrit B. Koester, Philipp Mohl and Ad van Riet, ECB

Economic policy coordination in EMU: From Maastricht via SGP to the Fiscal Pact
Jorgen Mortensen, CEPS and CASE

Catherine Mathieu and Henri Sterdyniak, OFCE

Wim Suyker, CPB


10:00 - 12:00

Session 2
Financial Issues

Chair: Tomasz Chmielewski, NBP and Warsaw School of Economics

Drivers of foreign and domestic demand for sovereign bonds in developed and emerging economies: fundamentals vs. market sentiment
Tomasz Orpiszewski, AXA IM

Wishful thinking or effective threat? Tightening bank resolution regimes and bank risk-taking
Magdalena Ignatowski and Josef Korte, Goethe University Frankfurt

Do safe banks create a safe system? Post-crisis financial architecture and Central and East European banks
Ewa Miklaszewska, Cracow University of Economics, Katarzyna Mikolajczyk, Cracow University of Economics, Malgorzata Pawlowska, National Bank of Poland, Economic Institute


Discussant: Philip Davis, NIESR


10.00- 12.00

Session 3

Chair: Klaus-Jürgen Gern, IfW

Growth risks for the EU emanating from global imbalances
Tatiana Fic and Ali Orazgani, NIESR

The reindustrialization of the euro area countries which lost their competitiveness and European industrial strategy as the challenge of the EU policy. Do the new EU member states have any Industrial strategy?
Karolina Krupa, Warsaw School of Economics

The Euro Plus Pact: Competitiveness and external capital flows in the EU countries
Hubert Gabrisch, Halle Institute for Economic Research, Karsten Staehr, Tallinn University of Technology

: Ide Kearney, ESRI


13.00 - 14.55

Session 4
Financial Issues

Chair: Ryszard Kokoszczyński, NBP, UW

Modelling and simulating the banking sectors of the US, Germany and the UK
E Philip Davis and Iana Liadze, NIESR

Macroprudential policy and imbalances in the euro area
Michal Brzoza-Brzezina, Marcin Kolasa, Krzysztof Makarski, NBP and Warsaw School of Economics

Banking union: a solution to the euro crisis?
Maylis Avaro, ENS Cachan, and Henri Sterdyniak, OFCE

: Oskar Kowalewski, Warsaw School of Economics


13.00 - 14.55

Session 5
EU Governance

Chair: Markku Kotilainen, ETLA

An alternative solution to the eurozone crisis: Controlled dismantlement of the eurozone
Stefan Kawalec, Capital Strategy, and Ernest Pytlarczyk, BRE Bank S.A.

Effective European governance – Comparative analysis of the present institutional arrangements and potential federal solutions
Marcin Swiecicki, European Movement Forum

Government spending shocks, sovereign risk and the exchange rate regime
Dennis Bonam, VU University Amsterdam, and Jasper Lukkezen, CPB and Utrecht University

Post-crisis lesson for EMU governance from the principal-agent approach
Luca Barbone, CASE, and Grzegorz Poniatowski, CASE and Warsaw School of Economics

: Luc Eyraud, IMF


13.00 - 14.55

Session 6
EMU Membership: Cross-Country Comparisons

Chair: Margit Schratzenstaller, WIFO

Euro - How big a difference: Finland and Sweden in search of macro stability
Paavo Suni and Vesa Vihriälä, ETLA

Finland and Sweden in a cross country comparison: What are the lessons?
Sixten Korkman, Aalto University School of Business, Antti Suvanto, Bank of Finland

Does euro area membership affect the relation between GDP growth and public debt?
Christian Dreger, DIW Berlin, European University Viadrina Frankfurt Oder, Hans-Eggert Reimers, Hochschule Wismar

Discussant: Jerzy Osiatyński, INE PAN, WSFiP


15.00 - 16.30

Session 7
Fiscal Issues

Chair: Joachim Scheide, IfW

Estimating and forecasting using simple fiscal rules for euro area countries
Christopher Phillip Reicher and Martin Plödt, Kiel institute for the World Economy

Sensitivity of fiscal-policy effects to policy coordination and business cycle conditions
Matti Viren, University of Turku and Bank of Finland

Is there an alternative strategy for reducing public debt by 2032?
Christophe Blot, OFCE, Marion Cochard, OFCE, Jérôme Creel, OFCE and ESCP Europe, Bruno Ducoudré, OFCE, Danielle Schweisguth, OFCE, Xavier Timbeau, OFCE

: Jorgen Mortensen, CEPS and CASE


15.00 - 16.30

Session 8

Chair: Cezary Wójcik, PAN

A comparative perspective on the European fiscal governance framework
Luc Eyraud and Raquel Gomez Sirera, IMF

Economic effects of unilateral European climate action
Leszek Kasek, World Bank, Olga Kiuila, University of Warsaw, Faculty of Economic Sciences, Krzysztof Wójtowicz, Polish Ministry of Economy, Strategy and Analyses Department, Tomasz Zylicz, University of Warsaw, Faculty of Economic Sciences

What kind of fiscal union is needed within the EU and EMU?
Marek Dabrowski, CASE

: John Fitz Gerald, ESRI


15.00 - 16.30

Session 9
WWWforEurope Invited Special Session

Chair: Catherine Mathieu, OFCE

The bumpy road to convergence
Matthias Firgo and Peter Huber, WIFO

Labour market performance in OECD countries: A comprehensive empirical modelling approach of institutional interdependencies
Andreas Sachs and Frauke Schleer, ZEW

Funding the EU budget – Need and options for reform
Margit Schratzenstaller, WIFO

: Guido Baldi, DIW Berlin


16.45 - 18.20

Round Table

Chair: Luca Barbone, CASE

Marek Dąbrowski, CASE
Paolo Onofri, PROMETEIA
Witold Orłowski, PWC, WUT Business School
Henri Sterdyniak, OFCE