EconPol Europe Annual Conference 2021

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Conference Videos Now Available

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| Policy Brief

The Dangers of High Public Debt in an Uncertain World: Post-Covid-19 Dangers for Public Finance

Daniel Gros
| EconPol Annual Conference

Daniel Gros: “Policymakers Should Consider High Public Debt Ratios as a Risk”

The State of Fiscal Resilience – How Prepared is Europe for Future Crises?

13-14 October

online event

The European Union’s recovery plan has been adopted in response to the coronavirus crisis. It is a game changer in terms of European economic policy integration: NextGenerationEU is larger than any other stimulus package passed by the EU in previous crises. Together with the EU’s long-term budget a total of EUR 1.8 trillion will be spent to boost and modernize Europe’s economy with major priorities set in the areas of digitalization and climate change. The recovery package will also be financed by commonly issued debt. Finding the right balance between expansionary fiscal policy and budgetary discipline will be a key challenge in the upcoming years. 

While the European recovery fund sets new precedents, it is only a temporary instrument. What lessons can the EU take away? Is Europe’s fiscal framework prepared for other future crises? This question will be at the heart of our EconPol Europe Annual Conference 2021 which – for the fifth time – will bring together our expert network members from across Europe with politicians, policymakers, and researchers. Due to the uncertainty surrounding the development of the Covid-19 pandemic, the conference will be held completely online. 

Day one of the conference will open with a keynote address by Olivier Blanchard (Peterson Institute for International Economics) on Fiscal Policy Under Low Rates. The keynote will be followed by a high-level panel debate on Fiscal Policy for the Post-Covid Era – US vs. EU. Our panel of experts will shed light on the different policy responses to the Covid-19 crisis. While the EU’s fiscal policy response is unprecedented, the US has been implementing a much larger fiscal stimulus package. Should the EU have stepped up its fiscal response? Or does the US’s expansive relief package bear higher risks, such as hyperinflation? Another key question concerns whether the money allocated to EU member states will be spent efficiently to finance growth-enhancing reforms. Panelists confirmed are Clemens Fuest (President ifo Institute), Debora Revoltella (European Investment Bank), Claudia Sahm (Jain Family Institute), and Maarten Verwey (European Commission).

Following the panel debate Daniel Gros will give a keynote speech on The Dangers of Public Debt in an Uncertain World.

You can view a livestream of these program items at https://www.econpol.eu/2021#live

Day one will conclude with a plenary session on Governance and Macroeconomic Policy in the European Monetary Union with contributions from Alexandre Ounnas, Beau Soederhuizen, and Klaus Weyerstrass.

The discussions will be moderated by Maithreyi Seetharaman (Facultas Media). Clemens Fuest will open and close the conference.

Day two of our conference will have an academic focus. We will host several conference sessions where researchers from the EconPol Europe network will present their latest research and discuss it with experts from national and European institutions and the private sector. Topics include Attitudes Towards Public PoliciesInternational TaxationPublic Policies for a Green Transition, and other current research from the EconPol network. Further details on these panels can be seen in our program below.

Watch this space for the latest news on our conference.

Program

(All times in Central European Summer Time)

13 October 2021, hosted by Maithreyi Seetharaman 

12:45 Welcome from Maithreyi Seetharaman
12:50 Welcome address, Clemens Fuest (President ifo Institute, EconPol Speaker)

13:00

Opening keynote speech: Fiscal Policy Under Low Rates (Olivier Blanchard, Peterson Institute for International Economics)

13:50 Q&A with Olivier Blanchard
14:00 Break
14:15

Panel Discussion: Fiscal Policy for the Post-Covid Era - US vs. EU (including Q&A)

Clemens Fuest (President ifo Institute & EconPol Speaker)

Debora Revoltella (Director of the Economics Department, EIB)

Claudia Sahm (Senior Fellow, Jain Family Institute)

Maarten Verwey (Director-General DG ECFIN at the European Commission)

15:30 Break
16:00 Keynote: The Dangers of High Public Debt in an Uncertain World (Daniel Gros, CEPS & EconPol Europe) 
16:20 Q&A with Daniel Gros
16:30

Plenary Session: Governance and Macroeconomic Policy in the European Monetary Union

Alexandre Ounnas (CEPS & EconPol Europe): “Labor Market Responses to the Covid-19 Crisis in the United States and Europe” (with Daniel Gros)

Beau Soederhuizen (CPB & EconPol Europe): “Optimal Capital Ratios for Banks in the Euro Area” (with Bert Kramer, Gerrit Hugo Van Heuvelen and Rob Luginbuhl)

Klaus Weyerstrass (IHS & EconPol Europe): “Fiscal Policies in the Corona Crisis – a Macroeconomic Assessment”

17:30 Closing summary from Maithreyi Seetharaman
17:35 Closing remarks from Clemens Fuest
17:45 Conference ends

14 October 2021, Academic Sessions

09:00 Welcome from Clemens Fuest
09:10

Panel 1 - Attitudes Towards Public Policies

Chair: Sebastian Blesse (ZEW & EconPol Europe)

Sebastian Blesse (ZEW & EconPol Europe): “Does Misinformation Undermine Policy Competition? Evidence from German Citizens and Politicians” (with Philipp Lergetporer, Justus Nover and Katharina Werner)

Dirk Foremny (Universidad de Barcelona): “Living at the Peak: Health and Public Finance during the Covid-19 Pandemic” (with Pilar Sorribas-Navarro, Judit Vall Castelló)

Lisa Windsteiger (Max Planck Institute): “Attitudes Towards Private and Public Debt” (with Cevat Aksoy, Mathias Dolls and Andreas Peichl)

10:40

Break

11:00

Panel 2 – International Taxation: Pillar 1 - Introduction of the Destination Principle

Chair: Martin Simmler (Oxford University Centre for Business Taxation & EconPol Europe)

Marko Koethenburger (ETH Zurich & EconPol Europe): “Taxation of digital platforms”

Florian Neumeier (ifo Institute & EconPol Europe): “Impact of Pillar 1 on Tax Revenues in Germany” (with Clemens Fuest, Felix Hugger and Daniel Stoehlker)

Richard Collier (Oxford University & EconPol Europe): “Comparing proposals to tax some profit in the market country” (with Michael Devereux and John Vella)

Following their presentations the researchers will engage in a panel discussion with Giorgia Maffini (PwC) and Bert Zuijdendorp (Head of Company Taxation Initiatives Unit at European Commission)

12:30 Lunch Break 
13:30

Panel 3 – International Taxation: Pillar 2 - The End of the Race to the Bottom?

Chair: Giorgia Maffini (PwC)

Michael Devereux (Oxford University & EconPol Europe): “Investing in Tax Avoidance After Pillar 2”

Martin Simmler (Oxford University & EconPol Europe): “Tax Competition and the Location of Real Activity”

Tibor Hanappi (OECD): “OECD’s Economic Impact Assessment of Pillar 2

Following their presentations the researchers will engage in a panel discussion with Danny McCoy (CEO IBEC)

15:00 Break
15:30

Panel 4 – Public Policy for a Green Transition

Chair: Antonia Díaz (Universidad Carlos III de Madrid & EconPol Europe)

Marita Laukkanen (VATT & EconPol Europe): "Energy Taxes and Manufacturing Firm Performance" (with Kimmo Ollikka)

Ted Loch-Temzelides (Rice University): “Scrapping, Renewable Technology Adoption, and Growth” (with Bernardino Adao and Borghan Narajabad)

Antonia Díaz (Universidad Carlos III de Madrid & EconPol Europe): “CO2 Emissions and Energy Technologies in Western Europe” (with J. Barrera-Santana, Gustavo A. Marrero and Luis A. Puch)

17:00 Closing remarks from Clemens Fuest
17:15 Conference Ends

For press enquiries please contact Susanne Richter at richter@econpol.eu

For any other enquiries relating to the event please contact the conference team at events@econpol.eu 

Biographies

Richard Collier

Richard Collier

Associate Fellow, Centre for Business Taxation, Oxford University
Program:

14 October

Panel 2 – International Taxation: Pillar 1 - Introduction of the Destination Principle

Olivier Blanchard

Olivier Blanchard

Senior Fellow, Peterson Institute for International Economics
Program:

13 October

Opening Keynote: Fiscal Policy Under Low Rates

Michael Devereux

Michael Devereux

Professor of Business Taxation, Said Business School, University of Oxford
Program:

14 October

Panel 3 – International Taxation: Pillar 2 - The End of the Race to the Bottom?

Antonia Díaz

Antonia Díaz

Professor of Economics, Carlos III University of Madrid
Program:

14 October

Panel 4: Public Policy for a Green Transition

Dirk Foremny

Dirk Foremny

Associate Professor, School of Economics, University of Barcelona
Program:

14 October

Panel 1: Attitudes and Perceptions

Clemens Fuest

Clemens Fuest

President, ifo Institute
Program:

13 October

Panel Discussion: Fiscal Policy for the Post-Covid Era: US versus Europe

 

 

Daniel Gros

Daniel Gros

Member of the Board and Distinguished Fellow, CEPS
Program:

13 October

Keynote: The Dangers of High Public Debt in an Uncertain World 

İrem Güçeri

İrem Güçeri

Associate Professor of Economics and Public Policy, Blavatnik School of Government, Oxford University
Program:

14 October

Panel 3 – International Taxation: Pillar 2 - The End of the Race to the Bottom?

Tibor Hanappi

Tibor Hanappi

Economist, OECD
Program:

14 October

Panel 3 – International Taxation: Pillar 2 - The End of the Race to the Bottom?

Marko Köthenbürger

Marko Köthenbürger

Professor of Public Economics, ETH Zurich
Program:

14 October

Panel 2 – International Taxation: Pillar 1 - Introduction of the Destination Principle

Marita Laukkanen

Marita Laukkanen

Research Leader, Environmental, energy and climate policy, VATT Institute for Economic Research
Program:

14 October

Panel 4 – Public Policy for a Green Transition

Ted Loch-Temzelides

Ted Loch-Temzelides

Professor Sustainable Development, Department of Economics, Rice University
Program:

14 October

Panel 4: Public Policy for a Green Transition

Danny McCoy

Danny McCoy

CEO IBEC
Program:

14 October

Panel 3 – International Taxation: Pillar 2 - The End of the Race to the Bottom?

Florian Neumeier

Florian Neumeier

Head of the Research Group Taxation and Fiscal Policy, ifo Institute
Program:

14 October

Panel 2 – International Taxation: Pillar 1 - Introduction of the Destination Principle

Alexandre Ounnas

Alexandre Ounnas

Researcher, Job and Skills Unit, CEPS
Program:

13 October

Plenary Session: Governance and Macroeconomic Policy in the European Monetary Union

Debora Revoltella

Debora Revoltella

Director of the Economics Department, EIB
Program:

13 October

Panel Discussion: Fiscal Policy for the Post-Covid Era: US versus Europe

Claudia Sahm

Claudia Sahm

Senior Fellow, Jain Family Institute
Program:

13 October

Panel Discussion: Fiscal Policy for the Post-Covid Era: US versus Europe

Maithreyi Seetharaman

Maithreyi Seetharaman

Journalist and Broadcaster
Program:

Host, 13 October

 

Martin Simmler

Martin Simmler

Research Fellow, Centre for Business Taxation, Oxford University
Program:

14 October

Panel 2 – International Taxation: Pillar 1
Panel 3 – International Taxation: Pillar 2

 

Beau Soederhuizen

Beau Soederhuizen

Economist, Division Macro-Finance, CPB Netherlands Bureau for Economic Policy Analysis
Program:

13 October

Plenary Session: Governance and Macroeconomic Policy in the European Monetary Union

John Vella

John Vella

Professor of Law, University of Oxford
Program:

14 October

Panel 3 – International Taxation: Pillar 2 - The End of the Race to the Bottom?

Maarten Verwey

Maarten Verwey

Director-General DG Economic and Financial Affairs, European Commission
Program:

13 October

Panel Discussion: Fiscal Policy for the Post-Covid Era: US versus Europe
 

Klaus Weyerstras

Klaus Weyerstrass

Senior Researcher, Institute for Advanced Studies, Vienna
Program:

13 October

Plenary Session: Governance and Macroeconomic Policy in the European Monetary Union

Lisa Windsteiger

Lisa Windsteiger

Senior Research Fellow, Max Planck Institute for Tax Law and Public Finance
Program:

14 October

Panel 1: Attitudes and Perceptions

Bert Zuijdendorp

Bert Zuijdendorp

Head of Unit Company Taxation Initiatives, European Commission
Program:

14 October 

Panel 2 - International Taxation: Pillar 1 - Introduction of the Destination Principle

Conference Resources

Research from the EconPol network

Daniel Gros, CEPS: High Public Debt in an Uncertain World. Post-Covid-19 Dangers for Public Finance 

Daniel Gros, CEPS: The Insurance Properties of Common Debt Issuance

Carlos San Juan Mesonada and Carlos Sunyer Manteiga (Universidad Carlos III de Madrid): European Structural Funds and Resilient and Recovery Facility Governance

Torben M. Andersen, Giuseppe Bertola, Clemens Fuest, Cecilia Garcia-Peñalosa, Harold James, Jan-Egbert Sturm, Branko Uroševic: EEAG Report on the European Economy 2021 - Beyond the Coronavirus Crisis: Investing for a Viable Future

Clemens Fuest and Jean Pisani-Ferry: A report to Ministers Bruno Le Maire and Olaf Scholz - A Primer on Developing European Public Goods

J. Barrera-Santana (Universidad de la Laguna and CEDESOG), Gustavo A. Marrero (Universidad de la Laguna and CEDESOG), Luis A. Puch (Universidad Complutense de Madrid and ICAE), Antonia Díaz (Universidad Carlos III de Madrid): CO2 Emissions and Energy Technologies in Western Europe 

Presentations

Olivier Blanchard: Fiscal Policy Under Low Rates

Daniel Gros: The Dangers of High Public Debt in an Uncertain World

Alexandre Ounnas: Labour Market Responses to the COVID-19 Crisis in the U.S. and Europe 

Beau Soederhuizen: Optimal Capital Ratios for Banks in the Euro Area

Klaus Weyerstrass: Fiscal Policies in the Corona Crisis. A Macroeconomic Assessment

Floriane Neumeier: The Impact of Pillar 1 on Tax Revenues in Germany

Richard Collier: Comparing proposals to tax some profit in the market country

Antonia Díaz: CO2 Emissions and Energy Technologies in Western Europe

Other Research

Dirk Foremny, Pilar Sorribas-Navarro, Judit Vall Castelló: “Living at the Peak: Health and Public Finance during the Covid-19 Pandemic” 

Ted Loch-Temzelides (Rice University): “Scrapping, Renewable Technology Adoption, and Growth” (with Bernardino Adao and Borghan Narajabad)

Tibor Hanappi (OECD): “OECD’s Economic Impact Assessment of Pillar 2

All News

EconPol Panelists Claudia Sahm, Clemens Fuest, Debora Revoltella, Maarten Verwey
| EconPol Annual Conference

Day One Panel Complete

Olivier Blanchard
| EconPol Annual Conference

Olivier Blanchard Confirmed as Opening Keynote Speaker

EconPol Annual Conference Registration Open
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Registration Now Open For EconPol's Annual Conference 2021

Maithreyi Seetharaman to host EconPol Europe's Annual Conference 2021
| EconPol Annual Conference

Maithreyi Seetharaman to host EconPol Europe's Annual Conference 2021

corona virus on European economy background: EU flag under magnifying glass, downtrend charts and stock exchange market price data
| EconPol Annual Conference

EconPol Annual Conference 2021| The State of Fiscal Resilience – How Prepared is Europe for Future Crises?| 13 - 14 October

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| Working Paper

European Structural Funds and Resilient and Recovery Facility Governance

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| Policy Brief

Who Will Pay Amount A?

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| Working Paper

CO2 Emissions and Energy Technologies in Western Europe

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| EconPol Special Publication

EEAG Report on the European Economy 2021 - Beyond the Coronavirus Crisis: Investing for a Viable Future