ORGANIZING COMMITTEE

Javier Ordóñez(Universitat Jaume I and IEI)

Juan Angel Lafuente(Universitat Jaume I and IEI)

4thon International

Economics

MeetingEUROPE IN CRISIS:RECENT DEVELOPMENTS

AND POLICY IMPLICATIONS

Institute of International EconomicsUniversity Jaume I of Castellón (Spain)

September 24th and 25th, 2015

Casa Mundina, Carrer Major Sant Jaume, 37,

Vila-real

iei.uji.es

Thurday, 24OPENING: 9:00hKEYNOTE: 9:30-11:00h"FINANCIAL CRISES AND THE GREAT MORTGAGING"Speaker: Oscar Jordá (Federal Reserve of San Francisco and U.C. Davis)Coauthors: Moritz Schularick (U. of Bonn)and Alan M. Taylor (UC. Davis)

COFFEE BREAK/ PRESS CONFERENCE: 11:00hFINANCE: 11:30-12:50h"THE TERM STRUCTURE OF COUNTERPARTY RISK"Speaker: Pedro Serrano (U. Carlos III de Madrid)Coauthors: Juan Angel Lafuente (Universitat Jaume I and Instituto de Economía Internacional) and Núria Petit (Universidad Complutense Madrid)

"MACROPRUDENTIAL POLICY DESIGN IN THE EURO AREA: THE CASE OF SPAIN"Speaker: Margarita Rubio (University of Nottingham)Coauthor: José A. Carrasco-Gallego (University of Portsmouth)

LABOUR MARKET: 12:50-14:10h“EURO, CRISIS AND UNEMPLOYMENT”Speaker: Héctor Sala (Universitat Autònoma de Barcelona)Coauthor: Atanu Ghoshray (Newcastle University Business School) and Javier Ordóñez (Universitat Jaume I and Instituto de Economía Internacional)

“SPATIAL DETERMINANTS OF TOTAL FACTOR PRODUCTIVITY. THE ROLE OF R&D AND THE ABSORPTIVE CAPACITIES OF THE SPANISH REGIONS”Speaker: Marta Bengoa (City University NY. CUNY)Coauthor: Valeriano Martínez (U. Cantabria) and Patricio Pérez (U. Cantabria)

LUNCH: 14:10-15:30hFISCAL POLICY AND DEBT: 15:30-17:30h"SHORT-RUN AND LONG-RUN EFFECTS OF PUBLIC DEBT ON ECONOMIC PERFORMANCE: EVIDENCE FROM EMU COUNTRIES"Speaker: Simón Sosvilla-Rivero (U. Complutense de Madrid)Coauthor: Marta Gómez Puig (Universitat de Barcelona)

"STRATEGIES OF FISCAL DISCIPLINE IN HETEROGENEOUS MONETARY UNIONS"Speaker: Carmen Díaz Roldán (Universidad Castilla-La Mancha)

"THE GREAT LEVERAGING IN THE GIIPS COUNTRIES: DOMESTIC CREDIT AND NET FOREIGN LIABILITIES"Speaker: Karsten Staehr (Tallinn University of Technology)Coauthor: Juan Carlos Cuestas (University of Shef�eld)

VISIT TO PORCELANOSA: 17:30-19:30hCONFERENCE: 20:00h"REFLEXIONES SOBRE LA ECONOMÍA ESPAÑOLA: CUESTIONES FISCALES Y PERSPECTIVAS"Speaker: Oscar Jordá (Federal Reserve of San Francisco and U.C. Davis) and Juan Rubio (Emory University, Federal Reserve Bank of Atlanta and FEDEA)

DINNER: 21:30h

Friday, 25KEYNOTE : 9:00-10:30h"FISCAL VOLATILITY SHOCKS AND ECONOMIC ACTIVITY"Speaker: Juan Rubio (Emory University, Federal Reserve Bank of Atlanta and FEDEA)Coauthor: : Jesus Fernandez-Villaverde (U.Penn), Pablo Guerron-Quintana (Federal Reserve Bank of Philadelphia) and Keith Kuester (U. Bonn)

MONETARY POLICY : 10:30-11:50h"THE BANK LENDING CHANNEL OF UNCONVENTIONAL MONETARY POLICY: THE IMPACT OF THE VLTROS ON CREDIT SUPPLY IN SPAIN"Speaker: Miguel García Posada (Banco de España)Coauthor: : Marcos Marchetti (Banco de España)

"MONETARY POLICY IN GERMANY: A COINTEGRATION ANALYSIS INCLUDING THE EXCHANGE RATE"Speaker: María Eleftheron (Universidad Autónoma de Madrid)

COFFEE BREAK : 11:50-12:30hTRADE/FDI/INEQUALITY: 12:30-14:30h"FDI IN SPACE REVISITED. THE ROLE OF SPILLOVERS ON FOREIGN DIRECT INVESTMENTS WITHIN THE EUROPEAN UNION"Speaker: Laura Márquez (Universitat Jaume I and Instituto de Economía Internacional)Coauthor: : Luisa Alama-Sabater (Universitat Jaume I)

"HOMEWARD BOUND FDI: ARE MIGRANTS A BRIDGE OVER TROUBLED FINANCE?"Speaker: Jordi Paniagua (Universidad Católica de Valencia “San Vicente Mártir”)Coauthor: : Ana Cuadros and Joan Martín Montaner (Universitat Jaume I and Instituto de Economía Internacional)

"INEQUALITY IN EUROPA: DIVIDED WE STAND"Speaker: Javier Ordóñez (Universitat Jaume and Instituto de Economía Internacional)Coauthor: : Mercedes Monfort (Universitat Jaume I)

CLOSING WINE RECEPTION : 14:30h