La science économique au service de la société

28-29 octobre : “The Financial Crisis : Lessons for International Macroeconomics”

The Paris School of Economics, the American Economic Journal : Macroeconomics, the Banque de France, ECARES and CEPR hosted a conference on “The Financial Crisis : Lessons for International Macroeconomics”.
The conference has been held in Paris on October 28-29, 2011.

The conference organizers were Matthieu Bussière (Banque de France), Steven Davis (Chicago Booth), Jean Imbs (Paris School of Economics and CEPR), Robert Kollmann (ECARES and CEPR) and Romain Rancière (Paris School of Economics and CEPR).

Full programme and presented papers (available in pdf)

Friday 28 October

8:30-8:45 Registration

8h45-9h15 Opening address

  • Jean-Pierre Landau, Deputy Governor, Banque de France

Topic 1 : Fiscal Unions and Debt Crises - Session chair : Christian Pfister (Banque de France)




12:30-14:30 Lunch break

Topic 2 : The Global Economy during and after the Crisis - Session chair : Jean Imbs, PSE



16:30-17:00 Coffee Break


Saturday 29 October
Topic 3 : Shock Propagation via Financial Linkages - Session chair : Steven Davis (Chicago Booth)



11:00-11:30 Coffee Break


  • « International Recessions » by Fabrizio Perri (Minnesota and CEPR) and Vincenzo Quadrini (USC and CEPR)
    Discussant : Xavier Ragot (Banque de France and PSE)

12:30-14:30 Lunch break


Topic 4 : Policy after the Crisis - Session chair : John Leahy (NYU)


  • (last minute cancellation) « Capital Controls : Myth and Reality A Portfolio Balance Approach » by Nicholas Magud (IMF), Carmen Reinhart (Maryland) and Ken Rogoff (Harvard)
    Discussant : Philippe Bacchetta (Lausanne and CEPR)


Organizers : Matthieu Bussière (Banque de France), Steve Davis (Chicago and AEJ-Macro), Jean Imbs (PSE and CEPR), Robert Kollmann (ECARES and CEPR), Romain Rancière (PSE and CEPR)

The conference organizers gratefully acknowledge the financial support of : Ile de France and the EU Commission (CEPR project ‘Politics, Economics and Global Governance : The European Dimensions’ funded by the EU Commission under its 7th Framework Programme for Research, Contract Nr. 217559.)