2nd CefES International Conference

 

Monday, June 14 - Day 1

8:30 – Registration Opens: Building U6, Ground Floor: Atrium

9:00 Opening Room U6/1f: Patrizio Tirelli, CefES Director – Opening address

9:15-10:30 Room U6/1f: Keynote speaker:

• Andrew Moravcsik (Princeton University)
  

  The Bark is Worse than the Bite: Why Populist Foreign Policies are Doomed to Disappoint

  Chair: Axel Dreher (CefES, Ruprecht-Karls-University Heidelberg)

10:30-11.00 coffee break Atrium

11:00 -13:00 Parallel Session 1

Room U6/1a: Migration Session chair: Mariapia Mendola

• John Lewis (Bank of England)
  

  The Macroeconomic Determinants of Migration

  Discussant: Alessandra Venturini

• Alessandra Venturini (University of Torino)
  

  Drivers of cultural consumption of immigrants: evidence from an Italian survey

  Discussant: Ann-Marie Sommerfeld

• Ann-Marie Sommerfeld (University of Goettingen)
  

  Should I Stay or Should I Go? Migration Decision-Making in a Multiple-Phase Model

  Discussant: Mariapia Mendola

• Mariapia Mendola (University of Milano-Bicocca)
  

  Cultural Diversity and Immigrant Inventors in the Age of Mass Migration

  Discussant: John Lewis

Room U6/1b: Macro I Session chair: Rajssa Mechelli

• Rajssa Mechelli (Catholic University of Milan)
  

  Competition and Inequality: Aiyagari meets Bertrand and Cournot

  Discussant: Francesco Scervini

• Francesco Scervini (Pavia University)
  

  Intergenerational Precautionary Saving in Europe

  Discussant: Tom Schmitz

• Tom Schmitz (Bocconi University)
  

  The IT Revolution and Southern Europe's Two Lost Decades

  Discussant: Jacopo Bonchi

• Francesca Crucitti (University of Milan)
  

  Declining Labor Share and Capital Misallocation

  Discussant: Rajssa Mechelli

Room U6/1c: Regional convergence Session chair: Giuseppe Travaglini

• Nicola Pontarollo (Joint Research Centre, European Commission, Ispra, Italy)
  

  Challenges and Opportunities to Regional Renewal in the European Union

  Discussant: : Paulino Montes-Solla

• Paulino Montes-Solla (Universidade da Coruña,)
  

  EU Regional Policy and Development in Spain: Capital Widening and Productivity Stagnation over 1989-2010

  Discussant: Giuseppe Travaglini

• Giuseppe Travaglini (Urbino University)
  

  Unwrapping TFP in the Eurozone

  Discussant: Nicola Pontarollo

• Mauro Lanati (European University Institute)
  

  Foreign Assistance and Emigration: Accounting for the Role of Non-Transferred Aid

  Discussant: Larry Crump

Room U6/1d: Europe and Governance Session chair: Christina Scheider

• Christina Scheider (University of California San Diego)
  

  Public Commitments as Signals of Responsiveness in the European Union

  Discussant: Eyal Rubinson

• Eyal Rubinson (NATO Defense College)
  

  Sharing the Gains of European Integration

  Discussant: Lucia Dalla Pellegrina

• Lucia Dalla Pellegrina (University of Milano-Bicocca)
  

  Estimating Judicial Ideal Points in a Bidimensional Court

  Discussant: Christina Schneider

13:00 - 14:00 lunch break Atrium

14:00 16:00 Parallel Session 2

Room U6/1a: Conflict and inequality Session chair: Mario Gilli

• Simon Hug (Université de Genève)
  

  Transparency and accountability in the European Parliament

  Discussant: Mario Gilli

• Mario Gilli (University of Milano-Bicocca)
  

  Countries Cooperation and Transnational Terrorism. A Normative Analysis of Strategic Spillovers

  Discussant: Marco Mantovani

• Marco Mantovani (University of Milano-Bicocca)
  

  Electing Moderates

  Discussant: Simon Hug

• Larry Crump (Griffith University)
  

  Intractable Conflict and Confidence‐Building in Regional Associations: The Case of the Union for the Mediterranean

  Discussant: Mauro Lanati

Room U6/1b: Macro II Session chair: Enzo Dia

• Enzo Dia (University of Milano-Bicocca)
  

  Fiscal sustainability under entitlement spending

  Discussant: Mario Di Serio

• Matteo Tomaselli (University of Trento)
  

  The Determinants of Austerity in the European Union 2010-16

  Discussant: Pompeo Della Posta

• Mario Di Serio (Salerno University)
  

  The Euro-Area Government Spending Multiplier at the Effective Lower Bound

  Discussant: Enzo Dia

• Pompeo Della Posta (University of Pisa)
  

  A Market-Financed and Growth-Enhancing Investment Plan for the Euro Area

  Discussant: Matteo Tomaselli

Room U6/1c: Banking Regulation Session chair: Marcella Lucchetta

• Leonardo Gambacorta (Bank for International Settlements)
  

  How Post-Crisis Regulation has Affected Bank CEO

  compensation Discussant: Marcella Lucchetta

• Marcella Lucchetta (University of Venice)
  

  Bad Bank Resolutions and Bank Lending

  Discussant: Simone Boccaletti

• Simone Boccaletti (University of Milano-Bicocca)
  

  Releasing News about Capital Requirements: Does the Disclosure of SREP Results Affect Banks’ Returns?

  Discussant: Tommaso Oliviero

• Tommaso Oliviero (University of Napoli)
  

  Deposit Insurance and Banks’ Deposit Rates: Evidence from the 2009 EU Policy

  Discussant: Leonardo Gambacorta

Room U6/1d: Macro III Session chair: Lorenzo Carbonari

• Atanas Pekanov (Austrian Institute of Economic Research)
  

  The Marginal Propensity to Consume, Hand-to-Mouth Households and Fiscal Multipliers in EU countries

  Discussant: Francesca Crucitti

• Jacopo Bonchi (Pavia University)
  

  Not All Bubbles are Alike with Low Interest Rates

  Discussant: Dallal Bendjellal

• Dallal Bendjellal (Aix-Marseille University)
  

  Sovereign Risk and Financial Fragility

  Discussant: Lorenzo Carbonari

• Lorenzo Carbonari (University of Roma Tor Vergata)
  

  Collateral and Development

  Discussant: Atanas Pekanov

16:00-16:30 coffee break

16:30 - 17:45 Room U6/1f: Keynote speaker:

• Reint Gropp (Halle Institute for Economic Research)
  

  The Cleansing Effect of Banking Crises

  Chair: Bruno Parigi (CefES, University of Padua)

18:00 - 19:30 Parallel Session 3

Room U6/1a: Populism Session chair: Elena Manzoni

• Thomas König (University of Mannheim)
  

  National Partyism: From Institutional Choices Toward Euroskeptic Populism in European integration

  Discussant: Edgar Sanchez Carrera

• Edgar Sanchez Carrera (Urbino University)
  

  Supporting or not Populism

  Discussant: Elena Manzoni

• Elena Manzoni (Verona University)
  

  Populism, the Backlash against Ruling Politicians and the Possible Malfunctioning of Representative Democracy

  Discussant: Thomas König

Room U6/1b: Financial linkages Session chair: Pietro Battiston

• Mikhail Stolbov (Moscow State Institute of International Relations)
  

  Macrofinancial Linkages in the EU countries: Evidence from Quantile Local Projections

  Discussant: Diego Scalise

• Pietro Battiston (University of Milano-Bicocca) Growth and Financial
  

  Exposition in Time of Crisis Discussant: Mikhail Stolbov

  Diego Scalise (Bank of Italy)

• Cuius Regio Eius Religio
  

  Financial Development and Growth in European Regions

  Discussant Pietro Battiston

Room U6/1c: Macroeconomic risk Session chair: Matthias Hartmann

• Paolo d’Imperio (University or Rome)
  

  Sources of Output Variability and Risk Absorption Channels in the US and the Euro Area

  Discussant: Matthias Hartmann

• Matthias Hartmann (Bundesbank)
  

  Overconfidence Versus Rounding in Survey-Based Density Forecasts

  Discussant: Paolo d’Imperio

 

Room U6/1d: Global financial risks Session chair: Lucia Alessi

• Ana Laura García and Vigor Husetovic (University Pompeu Fabra Barcelona)
  

  Does Fintech Contribute to Systemic Risk? Evidence from the U.S. and Europe

  Discussant: Donatella Baiardi (University of Parma)

• Claudio Morana (University of Milano‐Bicocca)
  

  Climate change implications for the catastrophe bonds market: An empirical analysis

  Discussant: Vigor Husetovic

• Lucia Alessi (European Commission, Joint Research Center)
  

  The Greenium Matters: Evidence on the Pricing of Climate Risk

  Discussant: Claudio Morana

20.00: Social dinner: Restaurant SottoSopra - Viale Piero e Alberto Pirelli 16

Tuesday, June 15 - Day 2

8:30 – Registration Opens: Building U6, Ground Floor: Atrium

9:00-11.00 Parallel Session 4

Room U6/1a: European Policies I Session chair: Olga Francova

• Fabio Franchino (University of Milan)
  

  Regulatory Discretion, Noncompliance Risk and Enforcement Regimes: Explaining Positions on Fiscal Governance Design in the European Union

  Discussant: Riccarda Longaretti

• Riccarda Longaretti (University of Milano-Bicocca)
  

  Emergence of Asymmetric Fiscal Federalism: Centrifugal and Centripetal Forces

  Discussant: Olga Francova

• Olga Francova (European Stability Mechanism)
  

  Enforcing EU Fiscal Rules: Transaction Costs Politics Approach

  Discussant: Octavia Cerchez

• Octavia Cerchez (Geneva Interdisciplinary Centre for Economics and Law)
  

  What future for the Euro-Mediterranean Partnership?

  Discussant: Fabio Franchino

Room U6/1b: Climate change and Energy Session chair: Teresa Randazzo

• Teresa Randazzo (University of Venice)
  

  Climate change impacts on household electricity expenditure: the contribution of air conditioning in OECD countries

  Discussant: Lorenzo Esposito

• Lorenzo Esposito (Bank of Italy)
  

  The EU framework for sustainable finance: a chance for change or more of the same?

  Discussant: Andrea Bastianin

• Andrea Bastianin (University of Milano-Bicocca)
  

  Convergence of European natural gas prices

  Discussant: Maria Consuelo Pucheta-Martinez

• Maria Consuelo Pucheta-Martinez (Universidad Jaume I)
  

  Is Environmental Reporting Affected by Developed Economies, Liberal Countries and Board Structures? An International Perspective

  Discussant: Teresa Randazzo

Room U6/1c: Macro IV Session chair: Nuno Cassola

• Nuno Cassola (European Central Bank, CefES)
  

  The Collateral Channel of Open Market Operations

  Discussant: Marco Di Pietro

• Marco Di Pietro (Sapienza University of Rome)
  

  The Bank Monitoring Channel of Business Cycles

  Discussant: Nicola Acocella

• Nicola Acocella (Sapienza University of Rome)
  

  The “Uncovered Inflation Rate Parity” Condition in a Monetary Union

  Discussant: Matteo Fragetta

• Matteo Fragetta (Salerno University)
  

  Does One Size Fit All in the Euro Area? News from Counterfactual Analysis.

  Discussant: Nuno Cassola

Room U6/1d Macro V Session chair: Teresa Sousa

• Miguel Ampudia (European Central Bank)
  

  Monetary Policy and Household Inequality

  Discussant: Teresa Sousa

• Teresa Sousa (Cefage – University of Evora)
  

  A Key Currency Trap

  Discussant: Miguel Ampudia

• Bas van Aarle (Catholic University Leuven)
  

  Effects of Brexit on the Irish economy: Estimates from a Stylized Macroeconomic Model

  Discussant: Tania Masi

• Tania Masi (University of Milano-Bicocca)
  

  Life after Default: Private vs. Official Sovereign Debt Restructurings

  Discussant: Bas van Aarle

Room U6/1e Income Inequality Session chair: Donatella Baiardi

• Ilias Georgakopoulos (Central Bank of Malta)
  

  Income and Wealth Inequality in Malta: Evidence from Micro Data

  Discussant: Virmantas Kvedaras

• Virmantas Kvedaras (European Commission, DG Joint Research Centre)
  

  Change and Convergence of Income Distributions in European Union during 2007-2014

  Discussant: Donatella Baiardi

• Donatella Baiardi (University of Parma)
  

  Financial Development and Income Distribution Inequality in the Euro Area

  Discussant: Ilias Georgakopoulus

11:00-11.30 coffee break