An ocean apart? Comparing Transatlantic responses to the financial crisis

On Thursday 10 September and Friday 11 September 2009 the Bank of Italy hosted the Conference An Ocean Apart? Comparing Transatlantic Responses to the Financial Crisis, organized jointly by the Bank of Italy, Bruegel and the Peterson Institute for International Economics, with the support of the European Commission.

Programme

Underlying forces behind the crisis and its impact

• Gian Maria Milesi-Ferretti (IMF): The financial crisis and its international transmission: some tentative lessons
• Discussant: Paolo Pesenti (FRBNY)
• Charles Steindel (Federal Reserve Bank of New York): Implications of the Financial Crisis for Potential Growth: Past, Present, and Future
• Discussant: Angel Ubide (PIIE) 

Crisis management 1: the macro responses

• Joseph Gagnon (PIIE): Monetary Reponses to the Financial Crisis of 2007 - 08: The Case for Further Action
• Discussant: Stefan Gerlach (Frankfurt University)
• Discussant: Heinz Herrmann (Bundesbank)
• Mark Horton (with other IMF coauthors): The State of Public Finances: A Cross-Country Fiscal Monitor
• Douglas Laxton (with other IMF coauthors): The Case for Global Fiscal Stimulus
• Discussant: Roberto Perotti (Università Bocconi)

 Crisis management 2: the banking issue

• Randall Kroszner and Will Melick (University of Chicago): The Response of the Federal Reserve to the Banking and Financial Crisis of 2007/2008
• Jean Pisani-Ferry and André Sapir (Bruegel): Banking crisis management in the EU: An interim assessment
• Discussant: Thomas Glaessner (Citigroup)

 Keynote address

• Fabrizio Saccomanni (Banca d'Italia) - Transatlantic Cooperation in Crisis Management - An Historical Perspective

Looking ahead: how the crisis will impact the policy system

• Garry Schinasi (IMF, on sabbatical): US and EU Reform Efforts to Improve the Management of Systemic Financial Ris
• Paolo Angelini, Andrea Enria, Stefano Neri, Fabio Panetta, Mario Quagliariello (Banca d’Italia): Procyclicality of capital regulation: is it a problem? How to fix it?