1st EconPol Europe CESifo PhD Workshop

Economic and Fiscal Policy in Europe


CESifo Conference Centre, Poschingerstrasse 5, 81679 Munich

The first CESifo EconPol Europe PhD Workshop for current and recent doctoral students took place at the ifo Institute in Munich, Germany on 1–2 February, 2018. EconPol Europe – The European Network for Economic and Fiscal Policy Research is a unique collaboration of nine policy-oriented university and non-university research institutes that will contribute their expertise to the discussion of the future design of the European Union.

The aim of this this two-day workshop was to bring together PhD students whose research focuses on economic and fiscal policy issues in the European context and strengthen the collaboration between EconPol network members. Participants were given the opportunity to present their work, and to interact with, and have their research discussed by senior researchers from the different network partners.

09:15 - 09:45 Coffee & Registration
09:45 - 10:00 Welcome & opening remarks
CLEMENS FUEST (President of the ifo Institute and CESifo)

Plenary Session 1
Keynote Lecture I
Chair: Mathias Dolls


10:00 - 11:00 Breaking the Doom Loop: The Eurozone Basket
11:00 - 11:15 Coffee Break

Plenary Session 2
Monetary Policy and Banking Regulation
Chair: Frank Brückbauer

11:15 - 11:45 The Sovereign-Bank Feedback Loop: Did European Policies Alleviate It?
JUDITH ARNAL MARTINEZ (University of Navarra) & Antonio Moreno
11:45 - 12:15 Evaluating Regulation within an Artificial Financial System
12:15 - 12:45  The Redistributive Impacts of ECB's Unconventional Monetary Policies: Evidence From Italian Household Surveys
MEHDI EL HERRADI (University of Bordeaux and University of Lille)
12:45 - 13:15 The Effects of ECB’s Asset Purchase Announcements on Euro Area Government Bond Yields
FREDERIK NEUGEBAUER (WHU- Otto Beisheim School of Management)
13:15 - 14:30  Lunch

Plenary Session 3
Fiscal Policy in the EMU
Chair: Zareh Asatryan 

14:30 - 15:00 The New View on Fiscal Policy and its Implications for the European Monetary Union
ATANAS PEKANOV (Austrian Institute of Economic Research)
15:00 - 15:30 Attitudes Towards Institutional Reforms for the Euro Area
Mathias Dolls & NILS WEHRHÖFER (University of Mannheim)
15:30 - 16:00  Coffee Break

Parallel Session 4A
European Unemployment Insurance
Chair: Carla Krolage

16:00 - 16:30 The Nature of Shocks in the Eurozone and Their Absorption Channels 
Cinzia Alcidi, Mathias Dolls, Clemens Fuest, CARLA KROLAGE (ifo Institute), & Florian Neumeier
16:30 - 17:00 Federal Unemployment Insurance - Theory and an Application to Europe
Philip Jung, Keith Kuester, & MAREK IGNASZAK (University of Bonn)
17:00 - 17:30  Euro Area Unemployment Insurance at the Time of Zero Nominal Interest Rates
GUILLAUME CLAVARES (Paris School of Economics) & Jan Strasky
17:30 - 18:00  Effects of a European Unemployment Insurance
Zeno Enders & DAVID VESPERMANN (Heidelberg University)

Parallel Session 4B
Political Economy
Chair: Annika Havlik


16:00 - 16:30 The Political Economy of the Welfare Effect of Immigration
JEROME GONNOT (Toulouse School of Economics)
16:30 - 17:00  Dismantling the "Jungle": Refugee Relocation and Extreme Voting in France
Paul Vertier & MAX VISKANIC (Sciences Po, Paris)
17:00 - 17:30 The Political Economy of Multilateral Lending to European Regions
Zareh Asatryan & ANNIKA HAVLIK (ZEW Mannheim)
17:30 - 18:00  The Tragedy of the Left: Voting Behavior in Recessions, 1870-2015
MANUEL FUNKE (Kiel Institute for the World Economy)
19:00  Conference Dinner 

Parallel Session 5A
 EU Labor Markets
Chair: Christian Wittneben

09:00 - 9:30 Drivers of Participation Elasticities across Europe: Gender or Earner Role within the Household?
Charlotte Bartels & CORTNIE SHUPE (Free University of Berlin and German Institute for Economic Research - DIW)
9:30 - 10:00 Public-Private Sector Wage Gap in a Group of European Countries: An Empirical Perspective
KAMILA SLAWINSKA (Warsaw School of Economics)
10:00 - 10:30 Employment Protection Reform in European Labor Markets: The Collective Bargaining Regime Matters
YANN THOMMEN (University of Strasbourg)
10:30 - 11:00 Labor Supply and Automatic Stabilization
Mathias Dolls, Clemens Fuest, Andreas Peichl, & CHRISTIAN WITTNEBEN (ifo Institute)

Parallel Session 5B
Financial Markets and Sovereign Debt
Chair: Matteo Tomaselli

9:00 - 9:30 What Drives Global Contagion Mechanisms? Cross-Country Evidence on Financial Integration and Business Cycle Synchronisation
PAUL BERENBERG-GOSSLER (Hertie School of Governance Berlin)
9:30 - 10:00 Misallocation and the Credit Cycle: Evidence from Europe
GUIDO FRANCO (University of Rome Tor Vergata)
10:00 - 10:30 Incorporating Creditors' Seniority in Contingent Claim Models: Application To Peripheral Euro-Area Countries
MANISH SINGH (University of Barcelona), Marta Gomez-Puig, & Simon Sosvilla-Rivero 
10:30 - 11:00 Economic Growth and Public Debt: An Experimental Approach in Search of a Confidence Channel
Luigi Mittone & MATTEO TOMASELLI (University of Trento)
11:00 - 11:30 Coffee Break

Plenary Session 6
Keynote Lecture II
Chair: Andreas Peichl

11:30 - 12:30 60 Years after Rome: The Future of Europe and Role of Tax Policy 
THOMAS HEMMELGARN (European Commission)
12:30 - 13:30   Lunch

Plenary Session 7
Tax Competition
Chair: Maximilian Todtenhaupt

13:30 - 14:00 Fiscal Federalism and Tax Competition: A Double-Edged Sword?
LUIS PINHEIRO DE MATOS (Cardiff University)
14:00 - 14:30 How will Brexit Affect Tax Competition and Tax Harmonization? The Role of Discriminatory Taxation
Clemens Fuest & SAMINA SULTAN (LMU Munich)
14:30 - 15:00 Fiscal Competition and Public Debt
Eckhard Janeba & MAXIMILIAN TODTENHAUPT (University of Mannheim and ZEW)
15:00 - 15:30  Improving Tax Collection by Public Shaming: Evidence from Administrative Tax Data
Nadja Dwenger & LUKAS TREBER (University of Hohenheim) 
15:30 - 15:45  Concluding Remarks & End of Conference