Fiscal Policy, Debt, and Inequality

Schedule

Session 1 (09:00-10:30): Fiscal Policy, Innovation and Inequality

Session Chair: Gernot Müller

The Public Origins of American Innovation

Presenter: Paolo Surico (London Business School and Centre for Economic Policy Research - CEPR)

Discussant: Malte Rieth (Martin Luther University Halle-Wittenberg and DIW Berlin)

Beyond Multipliers: Distributional Income Effects of Government Spending in the Euro Area

Presenter: Melina Ludolph (Halle Institute for Economic Research (IWH) and Otto von Guericke University Magdeburg)

Discussant: Roland Winkler (University of Jena)

Panel Discussion (11:00-12:00): Is there a Connection between Research and Policy?

Panelists: Claudia Buch (Chair of the ECB Supervisory Board), Stefan Profit (Federal Ministry of Finance), Christian Bayer (Member of the Scientific Advisory Board of the Federal Ministry for Economic Affairs and Energy and University of Bonn)

Moderator: Geraldine Dany-Knedlik (DIW Berlin)

Session 2 (13:00-14:30): Transmission Mechanisms of Monetary and Fiscal Policy

Session Chair: Alexander Kriwoluzky

Security Losses, Interbank Markets, and Monetary Policy Transmission: Evidence from the Eurozone

Presenter: Martina Jasova (Barnard College, Columbia University)

Discussant: Tatyana Marchuk (Nova School of Economics and Business and Centre for Economic Policy Research - CEPR)

The Signaling Effects of Fiscal Announcements

Presenter: Anna Rogantini Picco (European Central Bank and Centre for Economic Policy Research - CEPR)

Discussant: Brigitte Hochmuth (University of Copenhagen)

Session 3 (15:00-16:30): Macroeconomic Adjustments to Regional or Global Shocks

Session Chair: Lena Tonzer

Labor Mobility as a Shock Absorber: Evidence from a Structural DSGE Model of U.S. States

Presenter: Linda Tesar (University of Michigan and National Bureau of Economic Research - NBER)

Discussant: Britta Gehrke (Freie Universität Berlin)

The Military Taylor Rule

Presenter: Christoph Trebesch (Kiel Institute, Kiel University, and Centre for Economic Policy Research - CEPR)

Discussant: Carolin Pflueger (University of Chicago)

Registration

You can register at fiscalpolicy2025@diw.de.

Speakers

Claudia Buch (Chair of the ECB Supervisory Board), Alexander Kriwoluzky (DIW Berlin and Freie Universität Berlin), Martina Jasova (Barnard College, Columbia University), Melina Ludolph (Halle Institute for Economic Research (IWH) and Otto von Guericke University Magdeburg), Anna Rogantini Picco (European Central Bank and Centre for Economic Policy Research - CEPR), Stefan Profit (Federal Ministry of Finance), Malte Rieth (Martin Luther University Halle-Wittenberg and DIW Berlin), Paolo Surico (London Business School and Centre for Economic Policy Research - CEPR), Linda Tesar (University of Michigan and National Bureau of Economic Research - NBER), Christoph Trebesch (Kiel Institute, Kiel University, and Centre for Economic Policy Research - CEPR), Christian Bayer (Member of the Scientific Advisory Board of the Federal Ministry for Economic Affairs and Energy and University of Bonn)

Organisers

Christian Bayer (University of Bonn, CAS Finance and Inequality, and Centre for Economic Policy Research - CEPR)

Alexander Kriwoluzky (DIW Berlin and Freie Universität Berlin)

Gernot Müller (University of Tübingen and Centre for Economic Policy Research - CEPR)

Lena Tonzer (Leipzig University and Halle Institute for Economic Research (IWH))