- Fourth ECB/CBRT Conference
Economic growth and income convergence
2 and 3 September 2016
Izmir, Turkey
Programme
Friday, 2 September 2016
* indicates the presenter
- 8:30
- Registration
- 9:00
-
Opening remarks
Mr Murat Uysal, Deputy Governor, Central Bank of the Republic of Turkey
- 9:15
-
Keynote speech
Mr M. Ayhan Kose, Director of the World Bank Group’s Development Prospects Group, World Bank
- 10:00
- Coffee break
- 10:30
-
Session 1: Sectoral growth
Chair: Livio Stracca, European Central Bank
Who gains from better access to credit? Heterogeneous firm responses and the reallocation of resources
Jens Matthias Arnold*, Organisation for Economic Co-operation and Development
Lisandra Flach, University of MunichDiscussant: Livio Stracca, European Central Bank
Labour reallocation and productivity dynamics: financial causes, real consequences
Claudio Borio, Bank for International Settlements
Enisse Kharroubi, Bank for International Settlements
Christian Upper, Bank for International Settlements
Fabrizio Zampolli*, Bank for International SettlementsDiscussant: Semih Tümen, Central Bank of the Republic of Turkey
Towards recoupling? Assessing the global impact of a Chinese hard landing through trade and commodity price channels
Ludovic Gauvin, EconomiX-CNRS, Banque de France
Cyril Rebillard*, International Monetary FundDiscussant: Ünal Seven, Central Bank of the Republic of Turkey
- 12:45
- Lunch
- 14:30
-
Session 2: Productivity and economic growth
Chair: Filippo Di Mauro, European Central Bank
Productivity, misallocation and trade
Antoine Berthou*, Banque de France, CEPII
Kalina Manova, Stanford University, NBER
Charlotte Sandoz, Banque de France, Université Paris 1, Paris School of EconomicsDiscussant: Yusuf Emre Akgündüz, Central Bank of the Republic of Turkey
- 15:15
-
Coffee break and group photo
- 15:45
-
Session2: continued
The post-crisis slump in the Euro Area and the US
Robert Kollmann*, ECARES, Université Libre de Bruxelles, Université Paris-Est, CEPR
Beatrice Pataracchia, European Commission
Rafal Raciborski, European Commission
Marco Ratto, European Commission
Werner Roeger, European Commission
Lukas Vogel, European CommissionDiscussant: Murat Özbilgin, Central Bank of the Republic of Turkey
Enter the dragon: revisiting the reform period in China
Ana S. Manu*, European Central Bank
Peter McAdam, European Central Bank
Alpo Willman, University of KentDiscussant: Ufuk Demiroğlu, Central Bank of the Republic of Turkey
- 19:00
-
Conference dinner
Saturday, 3 September 2016
* indicates the presenter
- 9:00
-
Session 3: Income distribution and convergence
Chair: Murat Özbilgin, Central Bank of the Republic of Turkey
Financial deepening and income distribution inequality in the Euro Area
Donatella Baiardi, Università di Milano Bicocca
Claudio Morana*, Università di Milano Bicocca, CeRP, Rimini Centre for Economic AnalysisDiscussant: Filippo di Mauro, European Central Bank
Globalization, Chinese imports and skill premia in a small open economy
Selva Bahar Baziki*, Central Bank of the Republic of Turkey
Discussant: Murat Kırdar, Boğaziҫi University
- 10:30
- Coffee break
- 11:00
-
Session 4: Role of demographics and institutions in growth
Chair: Semih Tümen, Central Bank of the Republic of Turkey
Does institutional proximity promote growth spillovers? A spatial panel data approach
Mahyudin Ahmad*, Universiti Teknologi MARA, University of Cambridge
Toke Aidt, University of CambridgeDiscussant: Kurmaş Akdoğan, Central Bank of the Republic of Turkey
Spill-over effects of debt and growth in the Euro Area: evidence from a GVAR model
Bernd Kempa, University of Münster
Nazmus Sadat Khan*, University of MünsterDiscussant: Ana S. Manu, European Central Bank
Demographic cycle, migration and housing investment: a causal examination
Eric Monnet*, Banque de France
Clara Wolf, Sciences PoDiscussant: Huzeyfe Torun, Central Bank of the Republic of Turkey
- 13:00
- Lunch and end of conference
General information
Whether the cross-country income gap will be narrowed or not has been a long-standing matter of interest for both policymakers and academics writing on economic growth. The issue of convergence has increased in importance as a result of differing responses among economies to the post-crisis conditions. Developing a better understanding of the main mechanisms driving convergence (or non-convergence) will shed light on the potential policy directions to be followed in improving the global economy’s performance.
The annual conference, the fourth in a series jointly organised by the Central Bank of the Republic of Turkey (CBRT) and the European Central Bank (ECB), aims to take stock of the advancement in the theoretical literature and to review empirical applications that are relevant to the work of policymakers.
The organising committee, consisting of Yusuf Soner Başkaya and Semih Tümen (both CBRT), Filippo Di Mauro and Livio Stracca (both ECB), welcome contributions linking economic convergence to:
- balanced and sustainable growth in the global economy, including global imbalances;
- sectoral reallocation (and unconditional convergence);
- total factor productivity;
- the quality of institutions;
- income distribution and the middle-income trap;
- the ageing and demographic window;
- dynamics of cross-country external imbalances.
Mr Ayhan Kose, Director of the Development Prospects Group at the World Bank, will give a keynote speech at the conference.
Please address any queries you may have to one of the following organisers:
- Livio Stracca ([email protected])
- Filippo Di Mauro ([email protected])
- Yusuf Soner Başkaya ([email protected])
- Semih Tümen ([email protected])