Venice Summer Institute

A Joint Conference of CESifo and the Center on Capitalism and Society

Perspectives on the Performance of the Continent's Economies

Venice International University,

San Servolo, 21- 22 July 2006

	Programme
	Friday, 21 July 2006
09:00 - 9:15	Opening Comments: EDMUND S. PHELPS and HANS WERNER SINN
	Session 1 Are the Continent's Economies Bad Performers? Or Good in View of Continental Tastes and Adverse Market Forces? Chair: Martin Wolf, Financial Times
09:15 - 09:40	Issues in the Comparison of Welfare Between Europe and the United States ROBERT J.GORDON (Northwestern University)
09:40 - 10:05	Unemployment and Hours of Work: The North Atlantic Divide Revisited CHRISTOPHER PISSARIDES (London School of Economics)
10:05 - 10:30	General Discussion
10:30 - 10:50	Coffee Break
10:50 - 11:15	Europe's Growth Performance: Fundamental Determinants and the Role of the Financial Sector LUCAS PAPADEMOS (European Central Bank)
11:15 - 11:40	Policies to Create and Destroy Human Capital in Europe James Heckman (University of Chicago) and BAS JACOBS (University of Amsterdam)
11:40 - 12:05	Market Forces and the Continent's Growth Problem GYLFI ZOEGA (University of Iceland)
12:05 - 12:30	Discussant: Dennis Snower (Institute for World Economics, Kiel) and General Discussion
12:30 - 13:40	Lunch
	Session II Mistaken or Underdeveloped "Entrepreneurial" Institutions? Capital, Product and Labor Markets; Corporate Governance Chair: Luigi Paganetto, University of Rome Tor Vergata
13:40 - 14:05	Entrepreneurship in Europe and the United States: Security, Finance, and Accountability Roman Frydman (Columbia University), ANDRZEJ RAPACZYNSKI (Columbia University) and Omar Khan (Columbia University)
14:05 - 14:30	Promoting Entrepreneurship- What are the Real Policy Challenges for the European Union? ANDERS HOFFMANN (FORA-Danish Ministry of Economic and Business Affairs, )
14:30 - 14:55	Discussant: Stefano Micossi (ASSONIME) and General Discussion
14:55 - 15:20	Growth and Macroeconomic Policy PHILIPPE AGHION (Harvard University)
15:20 - 15:45	Venturesome Consumption, Innovation and Globalization AMAR BHIDE (Columbia School of Business)
15:45 - 16:10	Discussant: Janusz Ordover (New York University) and General Discussion
16:10 - 16:25	Coffee Break
16:25 - 16:50	Innovations to Foster Entrepreneurship ROBERT J. SHILLER (Yale University)
16:50 - 17:15	Europe's Venture Capital Institutions are Good Enough RICHARD ROBB (Columbia University)
17:15 - 17:40	Discussant: Bruce Greenwald (Columbia University) and General Discussion
19:30	Conference Dinner at the Guggenheim Museum
	Saturday, 22 July 2006
	Session III Welfare State and their Taxes- Over-Grown? Mal-Designed? Chair: Robert A. Mundell (Columbia University)
09:30 - 09:55	Lifetime Aggregate Labor Supply with Endogenous Workweek Length EDWARD PRESCOTT (Arizona State University)
09:55 - 10:20	Reflections on the Nordic Model of Capitalism JEFFREY D.SACHS (Columbia University)
10:20 - 10:45	Discussant: Jean Paul Fitoussi (OFCE) and General Discussion

10:45 - 11:15	Coffee Break
11:15 - 11:40	The European Welfare State and the Forces of Globalization HANS WERNER SINN (CESifo)
11:40 - 12:05	Payroll Taxes, Wealth and Employment in Neoclassical Theory: Neutrality or Non-neutrality? HIAN TECK HOON (Singapore Management University) and Edmund S. Phelps (Columbia University)
12:05 - 12:30	Discussant: Pentti Kouri and General Discussion
12:30 - 13:30	Lunch
	Session IV Differences in Economic Culture or Ideology Chair: Hans Werner Sinn (CESifo)
13:30 - 13:55	Europe: Cultural Adjustment to a New Kind of Capitalism HAROLD JAMES ( Princeton University)
15:55 - 14:20	Discussant: David A. Jestaz (Columbia University) and General Discussion
14:20 - 14:50	Coffee Break
14:50 - 15:15	Economic Culture and Economic Performance: What Light is Shed on the Continent's Problem? EDMUND S. PHELPS (Columbia University)
15:15 - 15:40	Why Capitalism Needs P.R. LUIGI ZINGALES (Chicago Business School)
15:40 - 16:05	Discussant: Thorvaldur Gylfason (University of Iceland) and General Discussion
19:00	Dinner on San Servolo

Venice Summer Institute A Joint Conference of CESifo and the Center on Capitalism and Society

Perspectives on the Performance of the Continent's Economies

Venice International University, San Servolo, 21- 22 July 2006

Programme

Venice Summer Institute

A Joint Conference of CESifo and the Center on Capitalism and Society

Venice International University,

San Servolo, 21- 22 July 2006