Agenda

Conferences & Workshops

Chamber of Commerce of Luxembourg (25 September 1967)

Inauguration of the Photo Exhibition

In-Person Event

University of Luxembourg, Belval Campus
Maison du Savoir (MSA) (2, avenue de l’Université L-4365 Esch-sur-Alzette)

10:00 – 11:00

The early days of Economic and Monetary Union:
Pierre Werner, a pragmatic visionary

Welcome

Catherine Léglu, Professor, Vice-Rector for Academic Affairs, University of Luxembourg

Opening addresses

Andreas Fickers, Director of the Luxembourg Centre for Contemporary and Digital History, University of Luxembourg

Jacques Santer, Prime Minister of Luxembourg (1984-1995), President of the European Commission (1995-2000), President of the Fondation du Mérite Européen

Dieter Schlenker, Director of the Historical Archives of the European Union, Florence (Via Webex)

Bridge Forum Dialogue Outstanding Online Event

Conference available via live streaming (provided by the Media Centre of the University of Luxembourg).

15:00 – 16:30

The Economic And Monetary Union By Stages
Anniversaries of the Werner Report and the Euro Rescue Funds

Introduction

Pierre Gramegna, Minister of Finance of Luxembourg

Panel discussion

Chair

Werner Hoyer, President of the European Investment Bank

Participants

Christine Lagarde, President of the European Central Bank

Valdis Dombrovskis, Executive Vice-President of the European Commission

Paschal Donohoe, President of the Eurogroup and Chairperson of the ESM Board of Governors

Klaus Regling, Managing Director of the European Stability Mechanism

Conclusion

Stéphane Pallage, Professor, Rector of the University of Luxembourg

The Werner Report, 50 Years On.
Economic and Monetary Union in Uncertain Times: Learning from the Past to Navigate the Future

Conference available via live streaming (provided by the Media Centre of the University of Luxembourg)

University of Luxembourg, Belval Campus
Maison des Arts et des Étudiants (MAE) (Avenue de la Fonte, 4362 Esch-sur-Alzette)

08:00-09:00

Registration

09:00-10:30

Plenary Inaugural Session

Opening addresses

Stéphane Pallage, Professor, Rector of the University of Luxembourg

Renaud Dehousse, Professor, President of the European University Institute, Florence (Via Webex)

Introductory remarks

Andreas Fickers, Director of Luxembourg Center for Contemporary and Digital History, University of Luxembourg

Ramon Marimon, Professor, Pierre Werner Chair on Monetary Union, European University Institute, Florence

Introductory lecture

Pierre Gramegna, Minister of Finance of Luxembourg

Moderator

Elena Danescu, Research Scientist, Luxembourg Center for Contemporary and Digital History, University of Luxembourg

10:30 – 10:45

Break

Keynote
10:45 – 11:45

Loukas Tsoukalis, Professor, Paris School of International Affairs, Sciences Po, Paris –
President of the Hellenic Foundation for European & Foreign Policy (ELIAMEP), Athens (On Video)

Part I. Learning from the Past

11:45 – 13:00

Plenary Session
Between Memory and History: Epistemic Communities in Building the Economic and Monetary Union

Chair

Bernard Snoy et d’Oppuers, President of Robert Triffin International, Professor at the Université Catholique de Louvain

Participants

Pierre Werner, Robert Triffin, Jean Monnet and European monetary cooperation from the 1960s to the 1980s (the emerging concept of a “European reserve fund”)

Elena Danescu, Research Scientist, Luxembourg Centre for Contemporary and Digital History, University of Luxembourg
Pierre Werner

Ivo Maes, Professor, Université Catholique de Louvain, National Bank of Belgium and Ilaria Pasotti, Researcher, Catholic University of Milan (Via Webex)
Robert Triffin

Gilles Grin, Director, Fondation Jean Monnet pour l’Europe- Lausanne (Via Webex)
Jean Monnet

10:00 – 14:15

Lunch

Part II. Assessing the Present – Drivers of Change

14:15 – 15:30

The Economic and Monetary Union Architecture After the COVID-19 Crisis

Chair

Katalin Ligeti, Dean of the Faculty of Law, Economics and Finance, University of Luxembourg

Participants

Marco Buti, Head of Cabinet of the European Commissioner for the Economy (Via Webex)

Giancarlo Corsetti, Professor of Macroeconomics, University of Cambridge (Via Webex)

Ramon Marimon, Professor, Pierre Werner Chair on Monetary Union, European University Institute, Florence

Rolf Strauch, Chief Economist, European Stability Mechanism

15:30 – 15:45

Break

15:45 – 17:15

Parallel Sessions

Part I. Learning from the Past

15:45 – 17:15

Parallel session
The Werner Report, the Delors Report and Beyond – (a)Symmetries Convergences in Building the Economic and Monetary Union et

Ellipse conference room - Luxembourg Learning Center (LLC)

Chair

Elena Danescu, Research Scientist, Luxembourg Centre for Contemporary and Digital History, University of Luxembourg

Participants

Vincent Dujardin, Professor, Institute for Analysis of Change in Contemporary and Historical Societies, Louvain
The Werner Report perception in Belgium

Giovanni Farese, Associate Professor, European University of Rome
The Werner Report and the Carli Plan

Michael Ambrosi, Emeritus Professor, Trier University (Via Webex)
The Werner Report and the international role of the euro

15:45 – 17:15

Parallel session
The Delors Report and a Critical Assessment of the Maastricht Economic and Monetary Union

Halle des poches à fonte, Belval

Chair

Valérie Schafer, Professor, Luxembourg Centre for Contemporary and Digital History, University of Luxembourg

Participants

Eric Bussière, Professor, University Paris IV-Sorbonne
Delors Report & Maastricht Economic and Monetary Union

Emmanuel Mourlon-Druol, Professor, University of Glasgow (via Webex)
A text mining into the records of the Delors Committee meetings

Part II. Assessing the Present – Drivers of Change

15:45 – 17:15

Parallel session
Tales From Crisis

Auditorium 3.500, Masion du Savoir (MSA)

Chair

David Howarth, Professor, University of Luxembourg, Robert Schuman Initiative for European Affairs

Participants

Francesco Papadia, Senior Researcher, Chair of the Selection Panel of the Hellenic Financial Stability Fund, Senior Resident Fellow at Bruegel (via Webex)
Diverging narratives of the euro area – a historical perspective

Christian Ghymers, Professor, ICHEC Brussels Management School, Robert Triffin International
The Economic and Monetary Union crisis viewed from the Werner Report and the Triffin plans

Marie-Claude Esposito, Emeritus Professor, Université Sorbonne Nouvelle-Paris III (via Webex)
Lessons from Brexit

Daniel Gros, Director, Centre for European Policy Studies

Martin Selmayr, Professor, Centrum für Europarecht an der Universität Passau (via Webex)

15:45 – 17:15

Parallel session
The Economic and Monetary Union Facing Current Challenges

Auditorium 3.530, Masion du Savoir (MSA)

Chair

Benoît Majerus, Professor, Luxembourg Centre for Contemporary and Digital History, University of Luxembourg

Participants

Erik Jones, Professor, School of Advanced International Studies of the Johns Hopkins University, USA (via Webex)
The relationship between monetary union and political union

Lars Magnusson, Professor, Uppsala University (via Webex)
The enhanced fiscal integration within Economic and Monetary Union

Ad van Riet, Associate Senior Research Fellow, Institute on Comparative Integration Studies, United Nation University (via Webex)
Economic and Monetary Union fiscal integration in support of the ECB: whatever it takes in a crisis?

Fabio Masini, Professor, Università Roma Tré and Alfonso Iozzo, Robert Triffin International
From the European Stability Mechanism to the European Monetary Fund

17:15 – 17:30

Break

Part III. Navigating the Future

17:30 – 18:45

Plenary Session
The New Fiscal Dimensions of the Single Market: European Public Goods, Corporate Taxes, Debt… Is There a Need for an EU Treasury?

Maison des Arts et des Étudiants (MAE)

Chair

Viviane Reding, Former member of the European Parliament and European Commissioner

Participants

Joaquín Almunia, former European Commissioner and Vice-President of the European Commission (via Webex)

Roel Beetsma, Member of the European Fiscal Board and Professor at the University of Amsterdam

Kathrin Muehlbronner, Senior Vice President – Sovereign Risk Group, Moody’s Investors Service (via Webex)

Frank Smets, Director General Economics, European Central Bank (via Webex)

19:30 – 21:00

Conference Dinner

The Werner Report, 50 Years on the Economic and Monetary Union in Uncertain Times: Learning From the Past to Navigate the Future

Conference available via live streaming (provided by the Media Centre of the University of Luxembourg).

University of Luxembourg, Belval Campus
Maison des Arts et des Étudiants (MAE) (Avenue de la Fonte, 4362 Esch-sur-Alzette)

08:00 – 08:30

Registration

08:30 – 09:30

Plenary session
The Power of Ideas

Mid-keynote

Harold James, Professor, Princeton University, USA (on video)

09:30 – 10:45

Parallel sessions

Part II.  Assessing the Present – Drivers of Change

The Economic and Monetary Union in Uncertain Times

09:30 – 10:45

Parallel session – Round Table
Central Banking in Turbulent Times

Ellipse conference room - Luxembourg Learning Center (LLC)

Chair

 Ivo Maes, Professor, Université Catholique de Louvain/National Bank of Belgium (via Webex)

Participants

Fabian Amtenbrink, Professor, Erasmus School of Law, Erasmus University Rotterdam (via Webex)
The judicialization of Economic and Monetary Union 

André Prüm, Professor, University of Luxembourg
Judicial review of the ECB’s monetary decisions in light of the recent decision by the German Constitutional Court on the PSPP program

Joachim Schild, Professor, Trier University
Risk sharing, risk reduction and solidarity in the process of deepening the Economic and Monetary Union

09:30 – 10:45

Parallel session

The International Role of the Euro

Halle des poches à fonte, Belval

Chair

Christian Ghymers, Professor, ICHEC Brussels Management School, Robert Triffin International

Participants

Bernard Snoy et d’Oppuers, Professor, President of Robert Triffin International
The international role of the euro

Alfred Steinherr, Professor, Miami University

10:45 – 11:00

Break

Plenary Session – Round Table
Archives as Spaces of Memory – (Re)Constructing the History of the Economic and Monetary Union

Maison des Arts et des Étudiants (MAE)

Moderator

Andreas Fickers, Professor, Director of the Luxembourg Centre for Contemporary and Digital History, University of Luxembourg

Participants

Gilles Grin, Director, Fondation Jean Monnet pour l’Europe – Lausanne (via Webex)

Birgit Olsen, Coordinator, Archives of the European Investment Bank

Dieter Schlenker, Director, Historical Archives of the European Union (via Webex)

Henri Werner, Pierre Werner Family Archives

12:15 – 13:15

Plenary Session

End keynote

Yves Mersch, Member of the Executive Board of the European Central Bank (on video)

13:15 – 13:30

Final Plenary Session

Conclusion

Elena Danescu, Research Scientist, Luxembourg Centre for Contemporary and Digital History, University of Luxembourg

Closing address

Catherine Léglu, Professor, Vice-Rector for Academic Affairs, University of Luxembourg

Crunch time for the Economic and Monetary Union

Hybrid Event (Will be held in person and online)

Chamber of Commerce (7 Rue Alcide de Gasperi, 2981 Luxembourg)

18:00 – 19:30

Conference and Debate

Opening Address

Jacques Santer, Prime Minister, Minister of State and Minister for Finance of Luxembourg (1984‒1995), President of the European Commission (1995‒1999)

Lecture

Niels Thygesen, Emeritus Professor University of Copenhagen, President of the European Fiscal Board

Debate

Participants

André Sapir, Professor, Senior Research Fellow, Bruegel

Niels Thygesen, Emeritus Professor University of Copenhagen, President of the European Fiscal Board

Moderator

Douwe Miedema, Editor in Chief – Luxembourg Times

A Dynamic Economic and Monetary Union Workshop

Online Event

European Stability Mechanism (6a Circuit de la Foire Internationale, L-1347 Luxembourg)

Session 1: Debt and Internal Devaluations

9:00 - 10:00

Luca Dedola, Federal Reserve Bank of Minneapolis (With Giancarlo Corsetti, Professor of Macroeconomics, University of Cambridge and R. Trezzi)
The missing internal devaluation: Regional adjustment in the US Great Recession

10:00 – 11:00

Carlo Galli, University College London
Inflation, Default Risk and Nominal Debt

11:00

Break

Session 2: Unions With Default

11:20 - 12:10

Alessandro Ferrari, European University Institute (with Ramon Marimon, Chair of the Pierre Werner Chair Programme on Monetary Union, European University Institute, Florence and C. Simpson-Bell)
Fiscal and Currency Union with Default and Exit

12:10 - 13:00

Adrien Wicht, European University Institute (With Y. Liu and Ramon Marimon, Chair of the Pierre Werner Chair Programme on Monetary Union, European University Institute, Florence)
Making Sovereign Debt Safe with a Financial Stability Fund

13:00

Lunch

Session 3: Fiscal and Monetary Policies

13:20 - 14:20

Marco Basseto, Federal Reserve Bank of Minneapolis (With T. Sargent)
Shotgun Weddings between Monetary and Fiscal Policies 

14:20 - 15:20

Dejanir Silva, University of Illinois, Urbana-Champaign
Optimal Fiscal Consolidation under Frictional Financial Markets

Break

15:40-16:50
Invited Speaker

John Moore, University of Edinburgh (With N. Kiyotaki and S. Zhang)
Low Interest Rate and Misallocation

20:30

Workshop Dinner (speakers and organisers)

Research Seminar
The Future of Money in the Digital Age

Online Event

10:00 – 11:30

Blockchain and Cryptocurrencies. Digital Currencies vs Sovereign Currencies: Potential Implications for the Economic and Monetary Union

Lecture followed by a debate

Claus Brand, Expert, European Central Bank (via Webex)

A Dynamic Economic and Monetary Union Workshop

Online Event

University of Luxembourg, Belval Campus

Session 1: Labour Mobility and Migration

9:00 – 10:00

Pedro Teles, Banco de Portugal and Universidade Católica-Lisbon SBE (With J. Guerreiro and S. Rebelo)
What is the Optimal Immigration Policy? Migration, Jobs and welfare

10:00 – 11:00

Christian Pröbsting, EPFL (With S. Bigio and J. Passadore)
Quantifying the Benefits of Labour Mobility in a Currency Union

11:00

Break

Session 2: Monetary and Financial Unions

11:20 – 12:20

Luca Fornaro, CREI
Monetary Union and Financial Integration

12:20 – 13:20

Markus Sihvone, Bank of Finland
Does a Currency Union Need a Capital Market Union? Risk Sharing via Banks and Markets

13:20

Lunch

Invited speaker

14:30-15:40

Víctor Ríos-Rull, University of Pennsylvania (With A. Glover, J. Heathcote and D. Krueger)
Health versus Wealth: On the Distributional Effects of Controlling a Pandemic

Photo & video disclaimer

Photographs & videos may be taken for personal use. During the event, the organiser will take pictures and record videos. By registering, guests authorise the University of Luxembourg to record and publish their image in photographic and video format for communications in relation to the event. The organiser undertakes to use this material responsibly, in other words for communications purposes only and not for commercial use.