Large and Chronic Current Account Surpluses - Problems

EUROPEAN COMMISSION
REPRESENTATION IN DENMARK
Draft Programme
Large and Chronic Current Account Surpluses
- Problems, Policies and Prospects
Date:
8 October 2015
Venue:
Center for Ledelse, Folke Bernadottes Allé 45, 2100 Copenhagen Ø, Denmark
Moderator:
Professor Svend Erik Hougaard Jensen, Copenhagen Business School
09.30 – 10.00
10.00 – 10.15
10.15 – 11.45
Coffee and croissants
Introduction to the topic by moderator Professor Svend Erik Hougaard Jensen
First session: Current account surpluses – a "luxury problem"? What does recent
research suggest? Root causes of large and chronic current account imbalances.
Demographics, savings- and investment behaviour and the role of the welfare
state.
Introduction
• Hugo Rojas-Romagosa, CPB Netherlands Bureau for Economic Policy
Analysis, NL
Interventions
• Dr. Simon Junker, Deutsches Institut für Wirtschaftsforschung, DE
• Director Carlos Martinez Mongay, DG ECFIN, European Commission
• Professor Hans Wijkander, University of Stockholm, SE
• Director John Smidt, Danish Economic Councils, DK
Panel debate and Q&A
11.45 – 12:45
Lunch Buffet
Europe House, Gothersgade 115, DK-1123 Copenhagen K - Denmark
Ph. + 45 33144140. Telefax: + 45 33111203
www.europa-kommissionen.dk
michael.vedso@ec.europa.eu, torbjorn.olausson@ec.europa.eu
-2-
12:45 – 14.15
Second session: Similarities and differences between key "large and chronic
surplus countries" such as Germany, Sweden, the Netherlands and Denmark,
including the likely impact of different exchange rate regimes. Has the build-up of
occupational pension schemes changed savings behaviour?
Introduction
• Prof. Dr. Gustav Horn, Institut für Makroökonomie und
Konjunkturforschung, DE
Interventions
• Steen Bocian, Chief Economist, Danske Bank, DK
• Guido Schotten, De Nederlandsche Bank, NL
• Mr. Rafael Domenech, BBVA Research, ES
• Niels Lynggård Hansen, Danmarks Nationalbank, DK
14.15 – 14.30
14.30 – 16.00
Panel debate and Q&A
Coffee break
Third session: What do we mean by "rebalancing"? When and how to rebalance?
How to communicate this challenge – and how to get politicians to act on it?
Introduction
• Mr. Rafael Domenech, BBVA Research, ES
Interventions
• Maria Demertzis, DG ECFIN, European Commission
• Prof. Dr. Stefan Kooths, Institut für Weltwirtschaft an der Universität Kiel,
DE
• Professor Hans Wijkander, University of Stockholm, SE
• Guido Schotten, National Bank, NL
Panel debate and Q&A
16.00 – 16.10
Wrap-up: Michael Vedsø and Torbjörn Olausson, European Commission
Representation in Denmark
Europe House, Gothersgade 115, DK-1123 Copenhagen K - Denmark
Ph. + 45 33144140. Telefax: + 45 33111203
www.europa-kommissionen.dk
michael.vedso@ec.europa.eu, torbjorn.olausson@ec.europa.eu