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).
ADEMU | ADEMU 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).
ADEMU | ADEMU Juan Pablo Nicolini
ADEMU | ADEMU 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).
ADEMU | ADEMU Neele Balke
ADEMU | ADEMU 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.
ADEMU | ADEMU Edward C Prescott
ADEMU | ADEMU Professor Edward C Prescott with Professor Andreu Mas Colell
ADEMU | ADEMU ADEMU co-ordinator Pedro Teles
ADEMU | ADEMU Edward C Prescott speaks to ADEMU scientific co-ordinator Ramon Marimon