Bank of Latvia's conference "Quo vadis, Europe? How to achieve growth in high debt environment?"
The conference will be webcast today. You can tweet questions to the panels using the hashtag #quovadis
Programme (local time):
28 October 2015, National Library of Latvia, Mūkusalas iela 3, Riga
Programme
8.30–9.00
Registration
9.00–9.15
Opening of the conference
Ilmārs Rimšēvičs, Governor, Latvijas Banka
9.15–10.45
Panel Discussion I
Rising public debts: Historical and academic perspective
- Historical experience: do higher debts translate into higher income levels?
- When and how fiscal expansion starts to become ineffective – the role of financial markets and external pressure in general
- Are current levels of debt in Europe sustainable (taking into account the fundamentals, such as demographics, etc.)?
Luis A.V. Catão, Senior Economist, the International Monetary Fund and Joint Vienna Institute
Thomas Grennes, Professor of Economics Emeritus, North Carolina State University
Lucrezia Reichlin, Professor, London Business School
Kenichi Ueda, Associate Professor, the Faculty of Economics, University of Tokyo
Moderator: John O'Donnell, Journalist, Reuters
10.45–11.15
Coffee break
11.15–12.45
Panel discussion II
What challenges do high public debts pose to monetary policy?
- Compatibility of a single monetary policy with decentralised fiscal policies
- The impact of high public debt on the monetary policy transmission mechanism
- Crisis responses of fiscal and monetary policies and their mutual inter-dependence
Ivan Mikloš, Member of Parliament of the Slovak Republic, former Minister of Finance
Peter Praet, Member of the Executive Board, European Central Bank
Ilmārs Rimšēvičs, Governor, Latvijas Banka
Tuomas Saarenheimo, Permanent Under-Secretary, Ministry of Finance, Finland
Moderator: Niels H. Bünemann, Finance Commentator and Correspondent, TV2 Danmark