Pierre Werner Chair Programme > Events

Events

The Programme sponsors a seminar series soliciting both public policy and academic experts on the wide range of topics of interest in the programme. Most of these seminars are conducted in cooperation with other programmes at the RSCAS or departments in the EUI, as a way to exploit synergies, but also as a way to create a stable audience at the Institute across different fields and disciplines.

The PWC seminar has established itself as a high profile event among researchers at the Institute as well as in the local community. In addition to the seminar series, the programme has also promoted a series of policy makers’ lectures, with the generous collaboration of the members of the Advisory Board, and occasional roundtables on emerging policy issues.

 

 

Latest Events


Online debate: Which (feasible) new Reconstruction Instrument(s) does Europe need?

An initiative of the Pierre Werner Chair at the EUI Schuman Centre, jointly organised with the Florence School of Banking and Finance and the Tommaso Padoa Schioppa Chair.

Date: Wednesday 20 April 2020
Time: 1:00-2:15
Venue: Zoom

To confront the COVID-19 crisis at the European level, the ECB has taken the lead with its Pandemic Emergency Purchase Programme (PEPP), to which other instruments have been added: EIB guarantees, the EC proposal for Support to mitigate Unemployment Risks in an Emergency (SURE) and, last week, the ESM’s new Precautionary Covid Line (PCL).

Nevertheless, there is widespread agreement – backed by the 17 April European Parliament resolution and 8 May Eurogroup statement – on the need to step-up the European response with a Recovery Fund and/or a well-structured Recovery Plan. The online seminar will focus on which are the most relevant European needs, and organisational forms, that a such plan should convey, in the light of the European Parliament initiatives and the – soon to be known – European Commission Recovery Plan.

> More information

 

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Intangibles, Inequality and Stagnation

A lecture by Prof. Nobuhiro Kiyotaki (Princeton University), organised in the framework of the Pierre Werner Chair Programme on Monetary Union

Date: Friday 17 April 2020
Time: 11:00-12:15
Venue: Zoom

We examine how aggregate output and income distribution interact with accumulation of intangible capital over time and across individuals. We consider an overlapping generations economy in which managerial skill (intangible capital) is essential for production, and it is acquired by young workers through on-the-job training by old managers. We show that, when young trainees are not committed to staying in the same firms and repaying their debt, a small difference in initial endowment and ability of young workers leads to a large inequality in accumulation of intangibles and income. Furthermore, a negative shock to endowment or the degree of commitment generates a persistent stagnation and a rise in inequality.

> Full paper

> Presentation

 

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D&D (Debt and Default)

Pierre Werner Chair mini-conference - EUI (Florence), 29 October 2019

In the aftermath of the euro crisis, there is a tendency to put debt issues on the back burner. However, debtlevels are very high in some European countries and elsewhere and, in fact, a possible default and/or debtrestructuring is at the forefront in Argentina, one of the world most experienced countries on D&D!

The Pierre Werner Chair mini-conference, which is part of a project co-funded by the European Stability Mechanism, discussed ongoing research on D&D. An open, informal discussion on the current situation in Argentina took place before the main conference.

 

12.00 - 13.30      Open debate: Argentina's Next Default? with Dr. Juan Pablo Nicolini (Federal Reserve Bank of Minneapolis) | More information 

13.30 - 18.00      PWC Mini-conference on D&D  |  More information  | Download the papers and presentations

 

Earlier Events


Conferences

Seminars

Workshops

  • Macroeconomics Research Workshop: Banks Interconnectivity and Leverage, by Prof. Vincenzo Quadrini (University of South California), organised with the Department of Economics, 1 December 2017 
  • Winners, Losers and Policy Reforms after the Euro Crisis organised with the Department of Economics and the ADEMU project, 17 November 2017
  • Macroeconomics Workshop: A Walrasian Theory of Sovereign Debt Auctions with Asymmetric Information, by Prof. Harold Cole (University of Pennsylvania), organised with the Department of Economics, 2 October 2017

Seminars

Workshops

Conferences & Lectures

Seminars

Workshops

Conferences & Lectures

Workshops

Conferences & Lectures

Seminars

  • Eliana La Ferrara , IGIER, Bocconi University 
    Does interaction affect racial prejudice, cooperation and performance? Evidence from randomly assigned peers in South Africa (joint with J. Burns and L. Corno), on 23 May 2014
  • Paul A. David , Stanford University 
    The Economics of Designing Global Climate Policy: a "Tech Fix" Starting Point , on 8 May 2014
  • Fabio Schiantarelli , Boston College 
    Macroeconomics Research Workshop: Financial Markets, Banks' Cost of Funding, and Firms' Decisions: Lessons from Two Crises  (with Pierluigi Balduzzi and Emanuele Brancati), on 7 March 2014
  • Annette Vissing-Jorgensen University of California, Berkeley 
    ECB Policies Involving Government Bond Purchases: Impact and Channels (with Arvind Krishnamurthy and Stefan Nagel), on 28 February 2014
  • Giorgio E. Primiceri , Northwestern University, CEPR, and NBER 
    The Effects of the Saving and Banking Glut on the US Economy , on 31 January 2014
  • Valerie Ramey , University of California, San Diego
    Are Government Spending Multipliers State Dependent? Evidence from U.S. and Canadian Historical Data(with Michael Owyang and Sarah Zubairy), on 18 October 2013
  • Andrea Pescatori , IMF, World Economic Studies 
    Presentation of a chapter of the next World Economic Outlook:Dancing Together? Spillovers, Common Shocks,  and the Role of Financial and Trade Linkages, on  14 October 2013
  • Enrique Sentana , cemfi 
    Inferences about return and stochastic discount factor mean-variance frontiers on 8 October 2013

Conferences & Training Schools

Seminars

  • Jakob de Haan , Head of Research of De Nederlandsche Bank   
    Banking system characteristics and systemic banking crises , on 15 March 2013
  • Oscar Jordá , Research Advisor Federal Reserve Bank of San Francisco  
    Semiparametric Estimation of Monetary Policy Effects: Stimulus Before and Since the Great Recession (with Joshua D. Angrist and Guido M. Kuersteiner),  on 1 February 2013
  • Thomas Cooley , NYU Leonard N. Stern School of Business  
    Exiting the Euro Crisis?,  on 17 October 2012
  • Jesper L. Lindé , Board of Governors of the Federal Reserve System / Sveriges Riksbank   
    Fiscal Consolidation in a Currency Union: Spending Cuts vs. Tax Hikes,  on 3 October 2012
  • Gabriel Perez Quiros , Banco de España  
    Credit and the business cycle...Dissecting the past or inferring the future,  on 28 September 2012

Lectures

  • Vitor Gaspar ,  Minister of Finance of Portugal  
    The Urgency of the Long Run: European Politics During the Crisis , on 30 November 2012

Conferences & Training Schools

Conferences & Training Schools

Seminars

  • Middlemen in Limit-Order Markets ” by Boyan Jovanovic (New York University) On June 17, 2011

Conferences & Training Schools

  • "Learning from Global Economic Crisis: Lessons for and from the Social Sciences"  co-sponsored by the RSCAS, Pierre Werner Chair Programme and the Max Weber Programme. On May 11, 2011
  • "EUI-nomics – Debating the Economic Conditions in Euro Area and Beyond" organised by the RSCAS, Pierre Werner Chair Programme and European Forecasting Network. On April 15, 2011

Seminars

  • “Labor Input Decomposition and Aggregate Fluctuation”  by  Jay Hong  (University of Rochester) On April 29, 2010
  • “Income and Capital Taxation in a Life Cycle Model with Extensive Labour Supply”  by Guy Laroque(University College London) On April 8, 2010
  • “Liquidity and Monetary Policy Instruments” by  Douglas Gale  (New York University) On March 16, 2010
  • “Consumption Risk Sharing under Asymmetric Information and Persistent Shocks” by  Paul Klein (University of Western Ontario) On February 15, 2010
  • “Fiscal Policy in Open Economy: a Bayesian DSGE Model of the Euro Area” by  Massimilliano Pisani and  Lorenzo Forni  (Banca d’Italia) On December 11, 2009
  • “The Effects of Foreign Shocks when Interest Rates are at Zero” by  Martin Bodenstein  On November 19, 2009
  • “Fiscal and Monetary Policy Interactions in the Eurozone: What Does Real Time Data Tell Us?” by  John Lewis  (De Nederlandsche Bank) On September 30, 2009

Conferences & Training Schools

  • "Financial Intermediation Research Society (FIRS) Conference" , co-sponsored by the RSCAS, Pierre Werner Chair and the Department of Economics. On June 7–9, 2010
  • "The Economic Perspective of the Euro Area" , organised by the RSCAS, Pierre Werner Chair Programme and European Forecasting Network. On April 16, 2010
  • "The 2007-2009 Financial and Socio-Economic Crisis: Causes, Consequences and Policy Responses" , co-sponsored by the RSCAS, Pierre Werner Chair Programme and the Max Weber Programme. On April 15, 2010

Seminars

  • “A New Class of Tests of Contagion with Applications” by  Renée Fry  (The Australian National University)  
    On June 23, 2009  
  • “The Economics of Club Bidding in Private Equity” by  Robert Marquez  (W.P. Carey School of Business, Arizona State University) On May 21, 2009
  • “Leaving Home with a Partner” by  Samuel Bentolila  (CEMFI) On May 14, 2009
  • “The Euro: Past Successes and New Challenges” by  Marco Buti  (European Commission) On May 8, 2009
  • “Evolutionary Selection of Individual Expectations and Aggregate Outcomes” by  Cars Hommes  (University of Amsterdam) On April 28, 2009
  • “Rules versus Discretion in Loan Rate Setting” by Steven Ongena  (Tilburg University) On April 17, 2009
  • “Asset prices, Debt Constraints and Inefficiency” by  Gaetano Bloise  (Universita’ di Roma III) On April 2, 2009
  • “A Search and Learning Model of Export Dynamics” by  Jonathan Eaton  (New York University) On March 26, 2009
  • “Rollover Risk and Market Freezes” by  Douglas Gale  (New York University) On March 25, 2009
  • “Has the Euro Changed the Business Cycle?” by  Gernot Mueller  (Goether University, Frankfurt) On March 13, 2009
  • “Gender Roles and Medical Progress” by  Stefania Albanesi  (Columbia University) On March 6, 2009
  • “Modeling Inflation Expectations” by  Marco del Negro  (Federal Reserve Bank of New York) On February 11, 2009
  • “Macroeconomic Effects of Structural Reforms in the Euro Area” by  Massimiliano Pisani  (Banca d’Italia) On February 6, 2009

Conferences & Training Schools

  • "The New Political Economy of Trade" , organised by Dr Patrick Low (WTO), Dr Michele Ruta (WTO) and Prof. Giancarlo Corsetti . On June 5-6, 2009
  • "The Economic Perspective of the Euro-Area" , organised by the RSCAS, Pierre Werner Chair Programme and European Forecasting Network. On April 3, 2009
  • "Fourth Annual Workshop on Global Interdependence" ,  organised by Prof. Giancarlo Corsetti and Prof.Helene Rey (London Business School and CEPR). On March 6–7, 2009
  • "Financial Markets, International Capital Flows and Exchange Rates" , organised by Prof. Giancarlo Corsetti , Prof. Martin Eichenbaum (Northwestern University) and Prof. Sergio Rebelo (Northwestern University). On December 15–16, 2008
  • "New Regulatory Strategies for European Integration" , organised by Prof. Fabrizio in the framework of the RSCAS Seminar Series on Public and Private Regulation, the Florence School of Regulation and the Pierre Werner Chair Programme on Monetary Union. On October 17–18, 2008

Contacts 


Sarah St John

Email: [email protected] 
Tel. [+39] 055 4685 - 817 

Page last updated on 21 May 2020