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Venue

Société Générale”s U.S. Headquartes
245 Park Avenue (btw 46th & 47th Streets)
New York, NY 10167
Town Hall, 5th Floor

Format

New York

Date

Wednesday, October 11, 2017
Wednesday, October 11, 2017

In cooperation with

Protectionism is major theme in the political debate. Flows across borders, be it immigration, trade or capital, are under scrutiny. Financial and economic integration is being challenged. The theme played an important role in the Brexit, the 2016 US Presidential election and is visibly present in the electoral calendar in Europe. In the emerging world, the dynamics of capital flows, including China’s policies to stem outflows and insulate its overleveraged financial system, continue to be central.

Bringing together leading policymakers, experts and practitioners form both sides of the Atlantic, the second SUERF conference held in the United States, organised in cooperation with Columbia University | SIPA, the European Investment Bank and Société Générale, offers the opportunity to debate globalisation and the international economic order from a transatlantic perspective. The conference will address the following key questions: Are euro area institutions robust enough to tackle a new crisis and weather changing globalisation patterns? Is the slowdown in global trade cyclical, structural and/or political? What are the implications of shifts in the global savings glut for financial stability? What role have central bank balance sheets played, and what will normalisation bring? What shape will Europe take post-Brexit and post the 2017 elections?

Program

Time
Wednesday, 11 October 2017
07:30
Registration and Welcome Coffee
08:15
Welcome and Opening Remarks
Jan Svejnar, Director, Center on Global Economic Governance, Columbia | SIPA
Michala Marcussen, SUERF Vice President, Global Head of Economics, Société Générale
08:30
SESSION 1: EUROPEAN INSTITUTIONS - POST-BREXIT AND 2017 ELECTIONS
08:30
Address: Deepening of the Economic and Monetary Union
Marco Buti, Director General for Economic and Financial Affairs, EU Commission presentation
09:10
Panel: Europe’s bumpy construction process
Chair: Michala Marcussen, SUERF Vice President, Global Head of Economics, Société Générale
Alessandra Casella, Professor of Economics and Political Science, Columbia University
Andrew McDowell, Vice-President, European Investment Bank
Marc-Olivier Strauss Kahn, Special advisor to the Governor, Banque de France presentation
Iain Begg, Professorial Research Fellow at the European Institute, London School of Economics and Political Science
Jean Pisani-Ferry, Professor of Economics and Public Management, Hertie School of Governance and Sciences Po
10:20
Coffee break
10:40
SESSION 2: GLOBAL TRADE AND INEQUALITY
10:40
Debate: Setting new rules for the game?
Chair: Ernest Gnan, SUERF Secretary General, Counsel to the Board, Head of Economics Analysis, Central Bank of Austria
Lorenzo Bini Smaghi, Chairman, Société Générale
Jacob Lew, Visiting Professor of International and Public Affairs, Columbia University
11:40
Address: Understanding Globalisation
Hyun Song Shin, Economic Advisor and Head of Research, Bank for International Settlements presentation
12:20
Lunch
13:10
SESSION 3: MONETARY POLICY - UNINTENDED CONSEQUENCES ON THE WAY OUT
13:10
Address: American Exit Strategies

Gradual and Predictable: Reducing the Size of the Federal Reserve’s Balance Sheet

Simon Potter, Executive Vice President, Head of Markets Group, SOMA Manager, Federal Reserve Bank of New York
13:40
Panel: Shifting tides of the savings glut
Chair: Natacha Valla, SUERF Chair of the Editorial Board, Head of Policy and Strategy Division, European Investment Bank
Jesper Berg, Director General, Danish FSA presentation
Olivier Garnier, Director General for Economics and International Relations, Banque de France presentation
Patricia Mosser, Senior Research Scholar, Founding Director of the Initiative on Central Banking, Columbia | SIPA presentation
Athanasios Orphanides, Professor of the Practice of Global economics and Management, MIT Sloan School of Management presentation
14:50
Coffee break
15:20
SESSION 4: COMPETITIVENESS - DELIVERING BALANCED GROWTH
15:20
Panel: Globalisation, fair trade and equality
Chair: Debora Revoltella, SUERF Council Member, Director of Economics Department, European Investment Bank
Willem Buiter, Chief Economist, Citigroup
Dan Hamilton, Austrian Marshall Plan Foundation Professor and Director of the Centre for Transatlantic Relations (SAIS), Johns Hopkins University
Jan Svejnar, Director, Center on Global Economic Governance, Columbia | SIPA
Boris Vujcic, Governor, Central Bank of Croatia presentation
16:30
Closing Address

Maintaining price stability with unconventional monetary policy measures

Peter Praet, Executive Board Member, European Central Bank
17:10
Closing Address: Investing for growth
17:10
End of conference