The sovereign debt crisis in Europe has led to a new emphasis on implementing stronger fiscal rules and institutions within a framework that defines each participant’s responsibility for maintaining sustainable public finances.
These issues take on added importance in an era when populations are ageing and increasingly depend on pensions, health care etc. And the issues are not least important in light of experience gathered since the formation of the Economic and Monetary Union (EMU).
Againt this background, I organized a research conference held in Copenhagen on June 1-2, 2017, hosted by Danmarks Nationalbank. The conference was organized jointly with Michael M. Hutchison (UCSC), Federico Ravenna (Danmarks Nationalbank) and Guntram Wolff (Bruegel).
The conference brought together prominent scholars working in the areas of fiscal institutions, fiscal sustainability, banking regulatory and supervisory issues, banking crises, and so on, and applying their expertise to the context of fiscal policy in Europe.
Details of the event, including the conference programme, papers, partipants etc., can be found here. A number of photographs were taken at the conference of which a few can be seen
here (Professor Torben M. Andersen),
here (EU Commissioner Marco Buti and Bruegel director, Guntram Wolff) and
here (Professor Niels Thygesen).
We're now working hard to get a group of revised papers presented at the conference ready for publication in a special issue of the European Journal of Political Economy (EJPE).
A record of other conferences I have organized recently can be seen here.