Fiscal Policy in Times of Crisis: slides, working papers, video and photographs from the ADEMU mini conference at Barcelona GSE

A conference hosted by Barcelona GSE saw leading economists from across the world gather to discuss how fiscal policy should be conducted in times of crisis. The conference, which included a lecture from Edward C Prescott, was held as part of ADEMU’s three year Horizon 2020 research project into the stability of the eurozone. The slides and working papers from the event are now available, along with video of Professor Prescott’s lecture and photographs from throughout the day.

Axelle Ferriere (EUI) opened the conference with The Heterogeneous Effects of Government Spending: It’s All About Taxes, related to her joint paper with Gaston Navarro (Federal Reserve Board). Nezih Guner (CEMFI, UAB, MOVE, and Barcelona GSE)

Tim Kehoe (University of Minnesota) was next with Optimal Austerity.

Tim Kehoe

Professor Kehoe’s paper was discussed by Albert Marcet (IAE-CSIC, ICREA, MOVE, and Barcelona GSE).

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Albert Marcet

Juan Pablo Nicolini (Federal Reserve Bank of Minneapolis and Universidad Torcuato Di Tella) then presented his theories On the risk of leaving the Euro, which was discussed by Jaume Ventura (CREi, UPF, and Barcelona GSE).

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Juan Pablo Nicolini

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Jaume Ventura

ADEMU researcher Neele Balke’s (UCL) presentation related to her ADEMU working paper Time Consistent Fiscal Policy in a Debt Crisis, which was discussed by Davide Debortoli (UPF and Barcelona GSE).

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Neele Balke

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David Debortoli

Closing the conference was Professor Edward C Prescott (Arizona State University), who presented his hour-long lecture Fiat value in the theory of value. You can see the full lecture here.

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Edward C Prescott

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Professor Edward C Prescott with Professor Andreu Mas Colell

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ADEMU co-ordinator Pedro Teles

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Edward C Prescott speaks to ADEMU scientific co-ordinator Ramon Marimon