CESifo/LBI Conference

Sustainability of Public Debt

Evangelische Akademie, Tutzing

22-23 October 2004

	Programme

09:00 - 10:00	The Effect of Monetary Unification on Public Debt and its Real Return ROEL M.W.J. BEETSMA (University of Amsterdam), Koen Vermeylen (University of Amsterdam) Discussant: Matteo Governatori (European Commission)
10:00 - 11:00	The Sustainability of Fiscal Policy in the United States HENNING BOHN (University of California at Santa Barbara) Discussant: Alfred Greiner (University of Bielefeld)
11:00 - 11:15	Coffee Break
11:15 - 12:15	Fiscal Policies in the UK: Strategy, Performance, and an Interpretation ANDREW HUGHES HALLETT (Vanderbilt University, Nashville) Discussant: Gottfried Haber (University of Klagenfurt)
12:15 - 13:00	How to Define and Measure (Public) Pensions in SNA: The Impact on Public Deficit and Debt (Lunch Speech) ROBERT HOLZMANN (The World Bank)
13:00 - 14:00	Lunch
14:00 - 15:00	Privatizing Social Security under Balanced-Budget Constraints: A Political-Economy Approach Assaf Razin (Tel Aviv University), EFRAIM SADKA (Tel Aviv University) Discussant: Robert Holzmann (The World Bank)
15:00 - 16:00	On the Effectiveness of Debt Brakes: The Swiss Experience Lars P. Feld (Philipps University of Marburg), GEBHARD KIRCHGÄSSNER (University of St. Gallen) Discussant: Jan-Egbert Sturm (University of Konstanz)
16:00 - 16:15	Coffee Break
16:15 - 17:15	Testing Sustainability of German Fiscal Policy: Evidence for the Period 1960 - 2003 ALFRED GREINER (University of Bielefeld), Uwe Koeller (University of Bielefeld), Willi Semmler (University of Bielefeld) Discussant: Carlos Fonseca Marinheiro (University of Coimbra)
17:15 - 18:15	The Long Shadow of "Austrokeynesianism": Public Debt in Austria REINHARD NECK (University of Klagenfurt), GOTTFRIED HABER Discussant: Gebhard Kirchgässner (University of St. Gallen)
18:15	Dinner (Conference Centre)

09:00 - 10:00	Managing Debt Stability ALESSANDRO MISSALE (University of Milan) Discussant: Adam Posen (Institute for International Economics, Washington DC)
10:00 - 11:00	Policy Mix and Debt Sustainability in a Monetary Union: New Evidence from Fiscal Policy Rules PETER CLAEYS (European University Institute) Discussant: Andrew Hughes Hallett (Vanderbilt University Nashville)
11:00 - 11:15	Coffee Break
11:15 - 12:15	Policy Adjustments and Sustainability of Public Finances in the Netherlands Jan-Egbert Sturm (University of Konstanz), JAKOB DE HAAN (University of Groningen) Discussant: Emma Galli (Universita Di Roma)
12:15 - 13:15	The Welfare State and Strategies towards Fiscal Sustainability in Denmark Torben M.Andersen (University of Aarhus), SVEND E. HOUGAARD JENSEN (CEBR, Copenhagen Business School), Lars Hagen Pedersen (Statistics Denmark) Discussant: Fabio Padovano (Universita di Roma)
13:15-14:15	Lunch
14:15 - 15:15	Better Off than Europe: Taxes and Public Debt in Japan ADAM POSEN, Daniel Popov (Institute for International Economics, Washington DC) Discussant: Koen Vermeylen (University of Amsterdam)
15:15 - 16:15	The Determinants of Italian Public Deficits Before and After Maastricht EMMA GALLI (Universita Di Roma La Sapienza), FABIO PADOVANO (Universita Di Roma Tre) Discussant: Reinhard Neck (University of Klagenfurt)
16:15 - 16:30	Coffee Break
16:30 - 17:30	Sustainability of Portuguese Fiscal Policy in Historical Perspective CARLOS FONSECA MARINHEIRO (University of Coimbra) Discussant: Henning Bohn (University of California at Santa Barbara)
17:30 - 18:00	Summary and Conclusions (all participants)
18:00	Conference Dinner (Conference Centre)

Sustainability of Public Debt

Evangelische Akademie, Tutzing

Programme