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