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High Debt, Low Rates and Tail Events: Rules-Based Fiscal Frameworks under Stress

Third Annual Conference organized by the European Fiscal Board

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Speech -

 Opening speech: Fiscal policy in times of Covid-19 by

Valdis Dombrovskis (Executive Vice President, European Commission)
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Speech -

Keynote address: Unconventional fiscal and monetary policy at the zero lower bound

Isabel Schnabel | Member, Executive Board of the ECB
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Presentation -

Paper -

Nicolas Carnot (Chief Auditor, French High Council of Public Finances): The public debt outlook in the EMU post-Covid: A key challenge for the EU fiscal framework
Presentation - Discussant Thiess Büttner (Chair of Public Finance, University of Erlangen-Nürnberg)
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Presentation -

Paper -

Lucía Rodríguez Muñoz (Deputy Director of Public Debt, Economic Analysis Division, Spanish Independent Authority for Fiscal Responsibility):How to strengthen fiscal surveillance towards a medium-term focus?
Presentation - Discussant Gilles Mourre (Head of Unit, Fiscal policy and surveillance (ECFIN), European Commission)
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Presentation -

Paper -

Eddie Casey (Chief Economist and Head of Secretariat, Irish Fiscal Council): The role of the Independent Fiscal Institutions in assessing the sustainability of high public debt in the post-Covid era.
Presentation - Discussant Claudia Braz (Chairperson, Working Group on Public Finances of the European System of Central Banks)
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Paper -

Presentation -

Kenneth Rogoff (Professor, Harvard University): Is Higher Debt an (Almost) Free Lunch?

Discussant Giancarlo Corsetti (Professor, Cambridge University)
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Presentation -

Jonathan D. Ostry (Acting Director, Asia and Pacific Department, IMF):Worse Than You Think: Public Debt Forecast Errors in Advanced and Developing Economies.
Presentation - Discussant Junji Ueda (Director for Economic and Fiscal Policy Coordination, Ministry of Finance of Japan)
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Presentation -

Charles Goodhart (Professor Emeritus, London School of Economics: The Great Demographic Reversal: Ageing Societies, Waning Inequality, and an Inflation Revival
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Speech -

Paolo Gentiloni (Commissioner, European Commission): Keynote speech: The role of fiscal policy in the wake of Covid-19
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