ADEMU Prague Workshop

Macroeconomic and Financial Imbalances and Spillovers Workshop Outcomes

On 29 and 30 April 2016 the CERGE-EI (Center for Economic Research and Graduate Education – Economics Institute) in Prague hosted a Workshop on Macroecomic and Financial Imbalances and Spillovers, in the framework of the ADEMU project.

The workshop, organized by Radim Boháček (CERGE-EI) and Hugo Rodriguez Mendizabal (Barcelona GSE), concerned the Work Package 3 of the ADEMU project. This section of the ADEMU project focuses on spillover effects between member states that are caused by shocks to fiscal and financial variables and on the role of international imbalances in macroeconomic and financial variables due to asymmetric patterns of economic interdependence within the euro area and between the EU states. The main subject of the workshop was the extent to which these effects and imbalances have contributed to recent macroeconomic instability and the potential role of macro-prudential regulation.

The workshop, chaired by Rene Levinsky (CERGE-EI) and Radim Boháček (CERGE-EI), consisted from five talks each day, one data collection presentation and was enclosed by the panel discussion chaired by Ramon Marimon (EUI). All the talks addressed the main subject of the workshop, whereas data collection presentation and panel discussion laid the foundations for the future work, which should be done in order to successfully fulfil the work package’s goals.