Transcript programme - Università Politecnica delle Marche

Economics, Economic
Policies and Sustainable
Growth in the Wake of the
Crisis
InternationalConference-September8-10,2016,
Ancona,Italy
PatrociniodellaRegioneMarche
MedagliadelPresidentedellaRepubblica
ConferenceProgramme
PiazzaleMartelli,8-60121Ancona–Italy
http://crisis2016.univpm.it/
OrganizingCommitee
HeadOrganizers:EugenioCaverzasi(UniversitàPolitecnicadelleMarche)
LisaGianmoena(UniversitàPolitecnicadelleMarche)
LocalOrganizers: AlessandroCaiani(UniversitàPolitecnicadelleMarche)
ErmannoCatullo(UniversitàPolitecnicadelleMarche)
AnnaritaColasante(UniversitàPolitecnicadelleMarche)
FedericoGiri(UniversitàPolitecnicadelleMarche)
RuggeroGrilli(UniversitàPolitecnicadelleMarche)
AlbertoRusso(UniversitàPolitecnicadelleMarche)
Contacts
PiazzaleMartelli,8-60121Ancona–Italy
Email:[email protected]
Website:http://crisis2016.univpm.it
PiazzaleMartelli,8-60121Ancona–Italy
http://crisis2016.univpm.it/
Thursday,September8
8.30-10.00
10.00-10.30
10.30-13.30
13.30-14.30
14.30-16.30
16.30-17.00
17.00-19.00
Registration
OpeningWelcome
PlenarySessionI
Lunch
ParallelSessions(A)
CoffeeBreak
ParallelSessions(B)
Friday,September9
9.00-11.00
11.00-11.30
11.30-13.00
13.00-14.00
14.00-17.00
17.00-17.30
17.30-19.00
20.00
ParallelSessions(C)
CoffeeBreak
ParallelSessions(D)
Lunch
PlenarySessionII
CoffeeBreak
ParallelSessions(E)
SocialDinner
Saturday,September10
9.00-10.30
11.00-11.30
11.30-13.30
13.30-14.30
ParallelSessions(F)
CoffeeBreak
PlenarySessionIII
Lunch
PiazzaleMartelli,8-60121Ancona–Italy
http://crisis2016.univpm.it/
Thursday,September8
8.30–10.00 Registration(RoomT34)
10.00–10.30 OpeningWelcome
UniversitàPolitecnicadelleMarche
-SauroLonghi(MagnificoRettore)
-StefanoMarasca(DirettoreDipartimentoManagement)
-MauroGallegati(ProfessorOrdinario)
10.30–13.30 PlenarySessionI
Chair:AlbertoRusso(UniversitàPolitecnicadelleMarche)
-Crisisandtheoreticalmethods:equilibriumanddisequilibriumonce
again
DuncanFoley(NewSchoolforSocialResearch,NewYork)
-StructuralChangeTheGreatDepressionandtheCurrentCrisis
BruceGreenwald(ColumbiaUniversity,NewYork)
-Civileconomicsandthe«votewiththewallet»solutiontoglobal
problems
LeonardoBecchetti(UniversitàdiRoma,TorVergata)
13.30–14.30 Lunch
PiazzaleMartelli,8-60121Ancona–Italy
http://crisis2016.univpm.it/
14.30 –16.30 ParallelSessionsA
–ParallelSessionA1–“GeneralEquilibriumModeling”
Chair:SimoneLandini(IRESPiemonte)
-GovernmentWageBillandPrivateActivity
Bermperoglou Dimitris (University of Lausanne), Evi Pappa (European University
Institute,Florence)andEugeniaVella(UniversityofSheffield)
-CreditNetworksinDSGEmodels
CatalanoMicheleandEmiliaPezzolla(Prometeia)
-TheEffectsofInflationExpectationUncertaintyonInflationandtheOutputGap
Fuest Angela (RWI) and Torsten Schmidt (RWI - Leibniz Institute for Economic
Research)
-Gödel-incompletenessandlogic-consistencyineconomicmodeling
Simone Landini (IRES Piemonte), Mauro Gallegati (Università Politecnica delle
Marche)andJ.BarkleyRosser,Jr.(JamesMadisonUniversity)
–ParallelSessionA2–“LearningandExpectations”
Chair:MielkeJahel(UniversityofPotsdam,GlobalClimateForum)
-Non-equilibriumPriceDynamicsViaExpectationsandLearning
SteudleGesine(GlobalClimateForum)andCarloC.Jaeger
-LearningunderAmbiguityandOverborrowingCrises
YooDonghoon(UniversityofLausanne)
-GamesofinstitutionalInvestors–FromRiskDominancetoPayoffDominance
MielkeJahel(UniversityofPotsdam,GlobalClimateForum)
PiazzaleMartelli,8-60121Ancona–Italy
http://crisis2016.univpm.it/
–ParallelSessionA3–“InequalityandGrowthinABM”
Chair:AlessandroCaiani(UniversitàPolitecnicadelleMarche)
-DistributiveConflict,Growth,andtheEntrepreneurialState
ZamparelliLuca(SapienzaUniversityofRome)andDanieleTavani(Departmentof
Economics,ColoradoStateUniversity)
-IncomeInequalityandMacroeconomicInstability:astock-flowconsistent
approachwithheterogeneousagents
DiGuilmiCorrado(UniversityofTechnology,Sydney)andCarvalhoLaura(SaoPaulo
SchoolofEconomics(EESP))
-TheEffectsofLabourMarketReformsuponunemploymentandIncome
Inequalities:anAgentBasedModel
VirgillitoMariaEnrica,DosiGiovanni,RoventiniAndrea(Sant’AnnaSchoolof
AdvancedStudies)andPereiraM.C.(UniversityofCampinas)
-Isinequalityhamperinginnovationandgrowth?AnAB-SFCanalysis
CaianiAlessandro,RussoAlbertoandGallegatiMauro(UniversitàPolitecnicadelle
Marche)
–ParallelSessionA4–“Symphony1”
Chair:BothosEfthimios(UniversityofAthens)
-Macroeconomiceffectsofvariedmortgageinstruments
BulentOzel(UniversitatJaumeI,Castellón),ÞórirBjarnason(ReykjavikUniversity),
EinarJónErlingsson(ReykjavikUniversity)HlynurStefánsson(ReykjavikUniversity),
JónÞórSturluson(ReykjavikUniversity)andMarcoRaberto(DIME-CINEF,Università
diGenova)
-Securitisationandcreditcycle:anagent-basedperspective
MazzocchettiAndrea(UniversitàdiGenova),TeglioAndrea(UniversitatJaumeI,
Castellon,Spain),CincottiSilvano(DIME-CINEF,UniversitàdiGenova)andRaberto
Marco(DIME-CINEF,UniversitàdiGenova)
-Policyoracle:Aninformationmarketfornowcastingpolicyindices BothosEfthimios(UniversityofAthens)
PiazzaleMartelli,8-60121Ancona–Italy
http://crisis2016.univpm.it/
16.30–17.00 CoffeeBreak
17:00–19:00 ParallelSessionsB
–ParallelSessionB1–“EuroAreaFinancialCrisis”
Chair:LucarelliStefano(UniversitàdiBergamo)
-Interestrates,Eurobondsandintra-Europeanexchangeratemisalignments:The
challengeofsustainableadjustmentsintheEurozone
SaadaouiJamel(BETA-CNRS)
-Theimpactofthefinancialcrisisof2007-2009onfinancialsoundnessindicators
incountriesoftheEU
TomczakKamila(INEPANWarsaw)
-EurodepreciationandtradeasymmetriesbetweenGermanyandItalyversusUS:
industry-levelestimates.
LucarelliStefano(UniversitàdiBergamo),AndriniFilippoUmberto(Universitàdi
Bergamo)andBianchiAnnamaria(UniversitàdiBergamo)
–ParallelSessionB2-“EnvironmentalModeling1”
Chair:GodinAntoine(KingstonUniversity)
-Faraway,soclose:anagent-basedmodelforclimate,energyandmacroeconomic
policy
SapioAlessandro(ParthenopeUniversitadiNapoli),LampertiL.,DosiG.,Roventini
A.(Sant’AnnaSchoolofAdvancedStudies)andNapoletanoM.(OFCE,SciencesPo,
SKEMABusinessSchool)
-Systems-dynamicanalysisofemploymentandinequalityimpactsoflow-carbon
investments
D'AlessandroSimone(UniversitàdiPisa)andBernardoGiovanni(UniversitàdiPisa)
-Portugueseagricultureandtheevolutionofgreenhousegasemissions-can
vegetablescontrollivestockemissions?
ReisMouraoPaulo(UniversityofMinho)
-Thefinancialeffectsofunburnablecarbon
GodinAntoine(KingstonUniversity)
PiazzaleMartelli,8-60121Ancona–Italy
http://crisis2016.univpm.it/
–ParallelSessionB3-“Inequality,EmpiricalAnalyses”
Chair:AnneMusson(Agrocampus-Ouest,Essca)
-Collegewagepremiumandwageinequalitybeforeandafterthecrisis
MartinoEnricaMaria(UniversityofTurin) -BalancingthedevelopmentofEurope–isitpossible?Theapplicationsofvector
calculustothestudyofspatialuniformityofdevelopment.ThecaseofEuropean
Union.
ChebaKatarzyna(WestPomeranianUniversityofTechnology)andBąkIwona(West
PomeranianUniversityofTechnologyinSzczecin)
-Thedriversofinequalityacrosseuropeanregions ParentiAngela(IMTLucca),FiaschiDavide(UniversitàdiPisa)andGianmoenaLisa
(UniversitàPolitecnicadelleMarche)
-Wealth,amatteroftrust?
MussonAnne(Agrocampus-Ouest,Essca)andRousseiièreDamien(AgrocampusOuest)
–ParallelSessionB4-“Symphony2”
Chair:ColasanteAnnarita(UniversitàPolitecnicadelleMarche) -FinancingtheenergysustainabilitytransitionintheEuracemodel
PontaLinda(Universita’diGenova),RabertoMarco(DIME-CINEF,Universitàdi
Genova),SchutzeFranziska(GlobalClimateForum),TeglioAndrea(Universitat
JaumeI,Castellón)andCincottiSilvano(DIME-CINEF,UniversitàdiGenova)
-Macroeconomicimplicationsofamonetaryunion:someevidencefromamulticountryagent-basedmodel
TeglioAndrea(UniversitatJaumeIofCastellón),OzelBulent(IstanbulBilgi
University),PetrovicMarkoandRabertoMarco(DIME-CINEF,UniversitàdiGenova)
andCincottiSilvano(DIME-CINEF,UniversitàdiGenova)
-Longtermexpectationsinfinancialmarket
ColasanteAnnarita(UniversitàPolitecnicadelleMarche)
PiazzaleMartelli,8-60121Ancona–Italy
http://crisis2016.univpm.it/
Friday,September9
9.00–11:00 ParallelSessionsC
–ParallelSessionC1–“FiscalConsolidationandFinancialStability”
Chair:CanofariPaolo(LuissSchoolofEuropeanPoliticalEconomy)
-Theshort-runandlong-runtheoreticalinconsistencyoftheexpansionary
austeritytheory
BottaAlberto(UniversityofGreenwich)
-StructuraldifferencesintheEurozone:measuringfinancialstability
FogliaMatteo(UniversitàdiChietiePescara),CartoneAlfredo(UniversitàdiChietie
Pescara)andFiorelliCristiana(UniversitàdiTeramo)
-TheFallacyofFiscalDiscipline
PiergalliniAlessandro(UniversitàdiRoma“TorVergata”),PiersantiGiovanni
(UniversitàdiTeramoandUniversitàdiRoma“TorVergata”)andCanofariPaolo
(LuissSchoolofEuropeanPoliticalEconomy)
–ParallelSessionC2–“MacroeconomicsandAgentBasedModeling”
Chair:PalestriniAntonio(UniversitàPolitecnicadelleMarche)
-Macroeconomicdynamicsandvulnerabilityinamonetaryunion:Amulti-country
agentbasedmodel
CatulloErmanno,CaianiAlessandro,CaverzasiEugenioandGallegatiMauro
(UniversitàPolitecnicadelleMarche)
-Howdoproductionstructuresadapttoregimechanges?The“traverse”inanABSFCmodel
SeppecherPascal(CEPN,UniversityParis13)andSalleIsabelle(CeNDEF,University
ofAmsterdam)
-DowehaveaCUE?Collectivelyunbiasedexpectationinagentbasedmodels
PalestriniAntonio(UniversitàPolitecnicadelleMarche),AssenzaTiziana,DelliGatti
Domenico(UniversitàCattolicadiMilano),GallegatiMauro(UniversitàPolitecnica
delleMarche),GreenwaldBruceandJ.E.Stiglitz(ColumbiaUniversity)
PiazzaleMartelli,8-60121Ancona–Italy
http://crisis2016.univpm.it/
-Real-financialmarketinteractionswithheterogeneousopiniondynamics
VenezianiRoberto(QueenMary,UniversityofLondon),CharpeMatthieu
(InternationalLaborOrganization),FlaschelPeter(BielefeldUniversity)andGalanis
Giorgos(UniversityofWarwick)
–ParallelSessionC3–“EconomicPoliciesintheWakeoftheCrisis”
Chair:ReynardSamuel(SwissNationalBank)
-Theoptimalcompositionofpublicspendinginadeeprecession
Roulleau-PasdeloupJordan(DEEP,HECLausanne),BouakezHafedh(EPEE,Université
d’EvryVald’Essonne)andGuillardMichel(EPEE,Universitéd’EvryVald’Essonne)
-Thepoliticaleconomyofthevotewiththewallet
SalustriFrancesco(UniversitàdiRoma“TorVergata”)andBecchettiLeonardo
(UniversitàdiRoma“TorVergata”)
-Searchingforneweconomicpoliciesafterthecrisis:ataleofa(supposedly)noncrisiscountry–Poland
PolańskiZbigniew(NationalBankofPoland)
-QEequivalencetointerestratepolicy:implicationsforexit
ReynardSamuel(SwissNationalBank)
–ParallelSessionC4–“GrowthandFirmsintheWakeoftheCrisis”
Chair:GoriLuca(UniversitàdiGenova)
-Impactofglobalfinancialcrisisonfirmgrowth:ananalysisoflargeexportersin
Indianmanufacturing
ChatterjeeMitali(IndiraGandhiInstituteofDevelopmentResearch,Mumbai)
-TheimpactofthecrisisonforecastingofJapaneseinvestments’developmentin
Europe
WitkowskiJarosław(UniversityofEconomicsinWroclaw),ChebaKatarzyna(West
PomeranianUniversityofTechnologyinSzczecin)andKiba-JaniakMaja(University
ofEconomicsinWroclaw)
-Endogenouslaboursupply,endogenouslifetimeandeconomicgrowth
PiazzaleMartelli,8-60121Ancona–Italy
http://crisis2016.univpm.it/
GoriLuca(UniversitàdiGenova)andSodiniMauro(UniversitàdiPisa)
11.00–11.30 CoffeeBreak
11.30–13.00 ParallelSessionsD
–ParallelSessionD1–“LabourandCrisis”
Chair:PiantaMario(UniversitàdiUrbino)
-Hazardfromcommutingspells:theroleofearninganddistance
TroshchenkovSergii(UniversitàdeglistudidiMilanoandGRAPE)
-Offshoring,employment,andaggregatedemand
SchröderEnno(InstituteforNewEconomicThinking)
-Technologyandskillsafterthecrisis
PiantaMario(UniversitàdiUrbino),CirilloValeria(Sant’AnnaSchoolofAdvanced
Studies)andNasciaLeopoldo(UniversitàdiUrbino)
–ParallelSessionD2–“InequalityandHeterogeneities”
Chair:SzymborskaHanna(UniversityofLeeds)
-Conventionalandunconventionalmonetarypolicyvs.householdsincome
distribution:anempiricalanalysisfortheEuroArea
GuerelloChiara(UniversitàLuissGuidoCarli)
-Re-convergenceofGIIPSinterestratespreads
WolfingerJulia(UniversityofFreiburg)andEkkehardA.Köhler(WalterEucken
Institut)
-Inequalityinthetwenty-firstcentury–economictheoryrevisited
SzymborskaHanna(UniversityofLeeds)
PiazzaleMartelli,8-60121Ancona–Italy
http://crisis2016.univpm.it/
–ParallelSessionD3–“PostKeynesianModeling”
Chair:KristoferDittmer(UniversitatAutònomadeBarcelona)
-Adynamicmodeloffinancialbalancesforthe
UnitedKingdom
GodinAntoine(KingstonUniversity),StephenBurgess,OliverBurrows(Bankof
England),StephenKinsella(UniversityofLimerick)andStephenMillard(Bankof
EnglandandDurhamUniversity)
-An“IntrinsicallyDynamic”SFCNeo-Kaleckianmodel:contrastingmodelling
approaches
ZezzaFrancesco(UniversitàdiSiena)
-Workingtimepolicyforlow-carbontransition:Apost-Keynesianstock-flow
consistentmodeloftheSwedisheconomy
KristoferDittmer(UniversitatAutònomadeBarcelona)andD’AlessandroSimone
(UniversitàdiPisa)
13.00–14.00 Lunch
PiazzaleMartelli,8-60121Ancona–Italy
http://crisis2016.univpm.it/
14:00–17:00 PlenarySessionII
Chair:AntonioPalestrini(UniversitàPolitecnicadelleMarche)
-Greetings
FrancescoMariaChelli(PresidedellaFacoltàdiEconomiaGiorgioFuà)
-Crisis:VictimsofaSystemwhichweneitherunderstandnorcontrol
AlanKirman(UniversityofAix-MarseilleIII)
-Ecologicalsustainability:towardsglobalindicatorsofenvironmental
andhumanwellbeing
RobertoDanovaro(UniversitàPolitecnicadelleMarche)
-TheFinancialTransmissionofshocksinaHybridMacroeconomicABM
DomenicoDelliGatti(UniversitàCattolica,Milano)
-OptimalPublicDebtConsolidationwithDistributionalconflicts
PatrizioTirelli(UniversitàBicocca,Milano)
17.00–17.30 CoffeeBreak
17.30–19.00 ParallelSessionsE
–ParallelSessionE1–“AgentBasedModelsandGrowth”
Chair:MarsiglioSimone(UniversityofWollongon)
-Modellinggreenfiscalandmonetarypoliciesriskonmacro-economicand
financialstabilityandinequality:theεIRINhybridSystemDynamics–AgentBased
Model
MonasteroloIrene(BostonUniversity)andRabertoMarco(UniversitàdiGenova)
PiazzaleMartelli,8-60121Ancona–Italy
http://crisis2016.univpm.it/
-Demandinglong-rungrowth:thelengthyshadow
FerraresiTommaso(IRPET),RoventiniAndrea(Sant’AnnaSchoolofAdvanced
Studies)andSemmlerWilli(NewSchoolforSocialResearch,NewSchoolUniversity)
-Onthe(non-monotonic)relationbetweeneconomicgrowthandfinance
MarsiglioSimone(UniversityofWollongon),BucciAlberto(UniversitàdegliStudidi
Milano)andPrettnerCatherine(ViennaUniversityofEconomicsandBusiness)
–ParallelSessionE2–“InternationalImbalancesandSustainability”
Chair:DobranschiMarian(MendelUniversityinBrno)
-TheeuroareatradeimbalancesandgrowthdifferentialsaMinsky-Kaleckian
approach
CoviGiovanni(UniversitàdiVerona)
-ASystemDynamicsmodeltostudyglobalfinancialsystemsrecessionand
behavioursunderglobalresourceconstraintsavailability PasqualinoRoberto(GlobalSustainabilityInstitute-AngliaRuskinUniversity),Jones
Aled(GlobalSustainabilityInstitute)andMonasteroloIrene(BostonUniversity).
-EUtaxesasgenuineownresourcetofinancetheEUbudget–pros,cons
andsustainability-orientedcriteriatoevaluatepotentialtaxcandidates
DobranschiMarian(MendelUniversityinBrno),MargitSchratzenstaller(Austrian
InstituteofEconomicResearch),AlexanderKrenek(AustrianInstituteofEconomic
Research)andDanušeNerudová(MendelUniversityBrno)
–ParallelSessionE3–“LabourMarketDynamics”
Chair:VishnevskayaNina(StateUniversity–HigherSchoolofEconomics
(HSE))
-Jobpolarizationandwagedifferentialswithmachineproduction
CieplinskiAndré(UniversitàdiSiena,PisaeFirenze)
-Internationaldivisionoflabourandcountries’competitiveness:thecaseofItaly
andGermany
GarbelliniNadia(UniversitàdiBergamo)andGaddiMatteo(FondazioneSabattini)
PiazzaleMartelli,8-60121Ancona–Italy
http://crisis2016.univpm.it/
-Regionalizationofminimumwagesetting:russiancase
VishnevskayaNina(StateUniversity–HigherSchoolofEconomics(HSE))andAnna
Lykianova(StateUniversity–HigherSchoolofEconomics(HSE))
20:00 SocialDinner
RistoranteStamura
ViaBanchinadaChio,29,Ancona
HowtoarrivetotheRestaurantStamura
TheRestaurantStamuraisViaBanchinadachio,29,Ancona.
Forthosewillingtowalk(donottrustGoogleMaps,ittakes15minutes)wewill
meetinfrontoftheFacultyat19.30.
Theothercaneithergoby:
o Taxi:P.zzaMartelli-RistoranteStamura(Mole)12€.
o Bus1/4fromPiazzaCavour,getoffinViaXXIXSettembre.
PiazzaleMartelli,8-60121Ancona–Italy
http://crisis2016.univpm.it/
Saturday,September10
9:00–10:30 ParallelSessionsF
–ParallelSessionF1–“HealthandWellbeing”
Chair:LuzzatiTommaso(UniversitàdiPisa)
-Acontributiontothetheoryoffertilityandeconomicdevelopment
GoriLuca(UniversitàdiGenova)andSodiniMauro(UniversitàdiPisa)
-HowtheNexusofWater/Food/EnergycanbeSeenwiththePerspectiveof
PeoplewellbeingandtheItalianBESFramework
RiccardiniFabiola(ISTAT)
-Investigatingtherelationshipbetweencancerandeconomicdevelopment
LuzzatiTommaso(UniversitàdiPisa)
–ParallelSessionF2–“MacrodynamicsofDebtandSavings”
Chair:GueriniMattia(Sant’AnnaSchoolofAdvancedStudies
-EndoftheSovereign-BankDoomLoopintheEuropeanUnion?TheBank
RecoveryandResolutionDirective
UlrichEydam(KielInstitute)andCoviGiovanni(UniversitàdiVerona)
-WhereDoestheHarmStand?TheEconomicEffectsofPublicandPrivateDebt
GueriniMattia(Sant’AnnaSchoolofAdvancedStudies),MonetaAlessio(Sant’Anna
SchoolofAdvancedStudies),RoventiniAndrea(Sant’AnnaSchoolofAdvanced
Studies)andNapoletanoMauro(SKEMABusinessSchool,Sophia-Antipolis)
-Buffer-stockconsumptionandsaving:twopuzzlingregularities
MancaMaurizio(UniversitàPolitecnicadelleMarche)
10:30–11:00 CoffeeBreak
PiazzaleMartelli,8-60121Ancona–Italy
http://crisis2016.univpm.it/
11:00-13.30 PlenarySessionIII
Chair:MarcoGallegati(UniversitàPolitecnicadelleMarche)
-Agent-basedMacroeconomics
SilvanoCincotti(UniversitàdiGenova)
-FramingMacroTheoryasaProblemofMissingMarkets
DavidColander(MiddleburyCollege)
-TheMinskyMomentastheRevengeofEntropy
J.BarkleyRosser,Jr.(JamesMadisonUniversity)
13.30 Lunch
PiazzaleMartelli,8-60121Ancona–Italy
http://crisis2016.univpm.it/
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