Bank of Italy - An Ocean Apart? Comparing Transatlantic Responses to the Financial Crisis

On Thursday 10 September and Friday 11 September 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.

The papers in this section are currently in preliminary draft form and will be finalised at a later date.

Programme

Programmepdf 239.6 KB Publish date::19 August 2009

Session I - Underlying forces behind the crisis and its impact

Gian Maria Milesi-Ferretti (IMF): The financial crisis and its international transmission: some tentative lessonspdf 152.3 KB Publish date::14 September 2009
Discussant: Paolo Pesenti (FRBNY)pdf 59.9 KB Publish date::14 September 2009
Charles Steindel (Federal Reserve Bank of New York): Implications of the Financial Crisis for Potential Growth: Past, Present, and Futurepdf 856.5 KB Publish date::14 September 2009
Discussant: Angel Ubide (PIIE)ppt 2.3 MB Publish date::15 September 2009

Session II - Crisis management 1: the macro responses

Joseph Gagnon (PIIE): Monetary Reponses to the Financial Crisis of 2007 - 08: The Case for Further Actionpdf 150.0 KB Publish date::14 September 2009
Discussant: Stefan Gerlach (Frankfurt University)pps 2.2 MB Publish date::15 September 2009
Discussant: Heinz Herrmann (Bundesbank)ppt 2.4 MB Publish date::15 September 2009
Mark Horton (with other IMF coauthors): The State of Public Finances: A Cross-Country Fiscal Monitorpdf 321.2 KB Publish date::14 September 2009
Douglas Laxton (with other IMF coauthors): The Case for Global Fiscal Stimuluspdf 107.4 KB Publish date::14 September 2009
Discussant: Roberto Perotti (Università Bocconi)pdf 74.0 KB Publish date::14 September 2009

Session III - Crisis management 2: the banking issue

Randall Kroszner, Will Melick (University of Chicago): The Response of the Federal Reserve to the Banking and Financial Crisis of 2007/2008pdf 486.6 KB Publish date::14 September 2009
Jean Pisani-Ferry, André Sapir (Bruegel): Banking crisis management in the EU: An interim assessmentpdf 1.0 MB Publish date::14 September 2009
Discussant: Thomas Glaessner (Citigroup)pps 2.6 MB Publish date::15 September 2009

Session IV - Keynote address

Fabrizio Saccomanni (Banca d'Italia) - Transatlantic Cooperation in Crisis Management - An Historical Perspectivepdf 65.4 KB Publish date::14 September 2009

Session V - 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 Riskpdf 244.5 KB Publish date::14 September 2009
Paolo Angelini, Andrea Enria, Stefano Neri, Fabio Panetta, Mario Quagliariello (Banca d’Italia): Procyclicality of capital regulationpdf 428.3 KB Is it a problem? How to fix it? Publish date::14 September 2009