ECB Forum on Central Banking

Opening reception and dinner

Opening remarks
Mario Draghi, President, European Central Bank

Dinner hosted by the Executive Board of the European Central Bank

Dinner speech
When growth is not enough
Ben Bernanke, Distinguished Fellow in Residence, Brookings Institution

The live webcast will begin at approximately 19:45.

Introductory speech Video

Mario Draghi, President, European Central Bank

Session 1 Innovation, investment and productivity

Chair: Benoît Cœuré, Member of the Executive Board, European Central Bank

Does productivity growth threaten employment?
David Autor, Professor, Massachusetts Institute of Technology (with Anna Salomons, Associate Professor, Utrecht University)
Presentation

Discussant: Dietmar Harhoff, Professor, Max Planck Institute for Innovation and Competition

Is there an investment gap in advanced economies? If so, why?
Thomas Philippon, Professor, New York University (with Robin Döttling, University of Amsterdam, and German Gutierrez, New York University)
Presentation

Discussant: Janice Eberly, Professor, Northwestern University

Panel: Innovation, investment and productivity

Chair: Peter Praet, Member of the Executive Board, European Central Bank

Mariana Mazzucato, Professor, University College London
Joel Mokyr, Professor, Northwestern University
Hal Varian, Chief Economist, Google
Reinhilde Veugelers, Professor, KU Leuven and Bruegel

Lunch

Building an innovation ecosystem: lessons learned and a view to the future from MIT and Kendall Square

Martin Schmidt, Provost, Massachusetts Institute of Technology

Reception and dinner

Session 2 Business cycles, growth and macroeconomic policy

Chair: Yves Mersch, Member of the Executive Board, European Central Bank

Sources and mechanisms of stagnation and impaired growth in advanced economies
Robert Hall, Professor, Stanford University
Presentation

Discussant: Gauti Eggertsson, Professor, Brown University

On the interaction between monetary policy, corporate balance sheets and structural reforms
Philippe Aghion, Professor, Collège de France (with Emmanuel Fahri, Professor, Harvard University and Enisse Kharroubi, Senior Economist, Bank for International Settlements)
Presentation

Discussant: Charles Jones, Professor, Stanford University

Panel: Business cycles, growth and macroeconomic policy

Chair: Vítor Constâncio, Vice-President, European Central Bank

Agnès Bénassy-Quéré, Professor, Paris-Sorbonne University
Marco Buti, Director General Economic and Financial Affairs, European Commission
Sergei Guriev, Chief Economist, European Bank for Reconstruction and Development
Simon Johnson, Professor, Massachusetts Institute of Technology

Policy panel

Mark Carney, Governor, Bank of England
Mario Draghi, President, European Central Bank
Haruhiko Kuroda, Governor, Bank of Japan
Stephen Poloz, Governor, Bank of Canada

Moderator: Karnit Flug, Governor, Bank of Israel