GRASP WP7 Workshop

Growth and Sustainability Policies for Europe (GRASP)
an FP7-SSH Collaborative Project

Workshop on Fiscal Policy and Growth
(GRASP WP7 Workshop)

IGIER in collaboration with CEPR      

9th of November, 2012

Venue: Bocconi University, p.zza Sraffa n°13 - Velodromo building - 3rd floor, N32 – Milan

08:45 - 09:00    Welcome coffee/Opening speech by Roberto Perotti

09:00 - 10.00    Pure or Wake-up-call Contagion? Another Look at the EMU Sovereign Debt Crisis
(Raffaela Giordano, Marcello Pericoli, Pietro Tommasino* - BDI/Rome)


10:00-11:00 The Output Effect of Fiscal Consolidations
(Alberto Alesina, Carlo Favero*, Francesco Giavazzi - Bocconi University/Milan)


11:00-11:15 Coffee Break

11:15-12:15 The Design of Fiscal Adjustments
(Alberto Alesina*, Silvia Ardagna - Harvard University/Cambridge)


12:15- 13:15 Tax Cuts vs. Spending Increases: Welfare and the Zero Lower Bound
(Tommaso Monacelli*, Roberto Perotti, - Bocconi University/ Milan, Florin Bilbiie - Paris School of Economics)


13:15-14:15 Lunch

14:15-15:15 Successful Austerity in the United States, Europe and Japan
(Nicoletta Batini - IMF , Giovanni Callegari* - ECB, Giovanni Melina - IMF)

15:15-16:15 Successful Fiscal Adjustments: Does Choice of Fiscal Instrument Matter?
(Nina Larsson Midthjell*, Steinar Holden - Oslo University)


16:15-16:30 Final remarks.