European fiscal policy and governance reform in uncertain times
4th Joint Workshop of European Independent Fiscal Institutions
and the European System of Central Banks
Wednesday, 20 September 2023
European Central Bank, Frankfurt am Main – by invitation only
The workshop is regularly held to provide a forum for fiscal experts from the national fiscal councils, the national central banks and the ECB. The 2023 edition will cover these issues: (i) budgetary transparency; (ii) fiscal policy in a high inflation environment; (iii) the link between fiscal sustainability and stabilisation; and (iv) the ongoing reform of fiscal governance.
Presentation slides will be posted on this webpage after the event.
- 8:30
-
Registration
- 8:55
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Welcome
Ettore Dorrucci, European Central Bank
- 9:00
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Keynote address
Investing in tomorrow: Future-proofing fiscal policies and governance in EuropeFabio Panetta, Member of the Executive Board, European Central Bank
- 9:30
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Session 1
Budget transparency and the costing of fiscal measuresSession chair: Cláudia Braz, Banco de Portugal
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Fiscal rules, fiscal councils and budget transparency
Joachim Wehner, London School of Economics
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Using microsimulations for budget costing
Salvador Barrios, European Commission Joint Research Centre
- 10:20
-
Coffee break
- 10:40
-
Keynote address
Estimating the financial cost of election campaign proposalsYves Giroux, Canadian Parliamentary Budget Office
- 11:25
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Session 2
Fiscal policy in a high inflation environmentSession chair: John Caruana, ESCB Working Group on Public Finance
-
Government reaction to high inflation
Wolf Reuter, German Federal Ministry of Finance
-
The appropriate fiscal stance for the euro area
Xavier Debrun, European Fiscal Board
-
Fiscal policy and high inflation
Esther Gordo, Independent Authority for Fiscal Responsibility (AiREF), Spain
- 12:40
-
Buffet lunch
- 13:30
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Keynote address
The European fiscal governance framework: Lessons learntLucio Pench, Bruegel
- 14:15
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Session 3
Ensuring sustainability and stabilisationSession chair: Christiane Nickel, European Central Bank
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Fiscal sustainability assessment in the renewed governance framework
Stephanie Pamies, European Commission
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The role of debt sustainability analysis across institutions
Philipp Rother, European Central Bank
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Sustainability and stabilisation from a fiscal council perspective
Nazaré da Costa Cabral, Portuguese Public Finance Council (CFP)
- 15:30
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Coffee break
- 15:45
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Policy panel
Economic governance reform and the role of the Independent Fiscal InstitutionsSession chair: Isabel Schnabel, Member of the Executive Board, European Central Bank
Panellists:
- Lilia Cavallari, Parliamentary Budget Office, Italy
- Zsolt Darvas, Bruegel
- Era Dabla-Norris, International Monetary Fund
- Marketta Henriksson, Economic and Financial Committee Alternates
- 17:00
-
Workshop closes
This programme may be subject to change without notice.
General information
European Central Bank (Main Building)
C2.01/02 (Grossmarkthalle, 2nd floor)
Sonnemannstrasse 20
60314 Frankfurt am Main
English
Participants are requested to arrange their own transfers, unless indicated otherwise.
- Marien Ferdinandusse, [email protected], +49 (0) 160969 89681
- Maximilian Freier, [email protected], +49 (0) 17022 92470
- Mar Delgado, [email protected], +49 (0) 17063 24603
Stefania Ferrara
+49 (0) 69 1344 24819
[email protected]