08:00 – 08:45

Registration and Breakfast

08:45 – 09:00

Welcoming Remarks by Rolf Strauch, ESM Chief Economist

Session 1 (Part 1)

09:00 – 12:00

The bumpy road ahead

(Chair: Giovanni Callegari, European Stability Mechanism)

Part I-a: Demographic transition

Speaker 1: Ronald Lee (University of California, Berkeley) 

Speaker 2: Elsa Fornero (University of Turin)

Part I-b: Climate change

Speaker 1: Paul Hiebert (European Central Bank)

Speaker 3: Irene Monasterolo (EDHEC Business School)

Speaker 2: Stavros Zenios (University of Cyprus)

12:00 – 13:30

Lunch Break

Session 1 (Part 2)

13:30 – 15:45

Part II-a: Inequality

(Chair: Ramon Marimon, Universitat Pompeu Fabra)

Speaker 1: François Bourguignon (Paris School of Economics)

Speaker 2: Andrea Brandolini (Banca d’Italia)

Part II-b: Trade

Speaker 1: Andrea Presbitero (International Monetary Fund)

Speaker 2: Andrew Bernard (Tuck School of Business)

15:45 – 16:00

Coffee Break

16:00 – 17:30

Policy implications for sustainable finances

(Chair: Rolf Strauch, European Stability Mechanism)

Discussant: Ramon Marimon (Universitat Pompeu Fabra)

Panellists:

• Ceyla Pazarbasioglu (International Monetary Fund)
• Beata Javorcik (European Bank for Reconstruction and Development)
• Debora Revoltella (European Investment Bank)
• Xavier Debrun (European Fiscal Board)

Day 2 (01 December)

Methodological aspects 

09:00 – 09:30

Breakfast

09:30 – 09:45

Introduction: Giovanni Callegari (European Stability Mechanism)

09:45 – 10:55

Demographic transition, aging costs and the DSA

Practice and modelling options

(Chair: Pilar Castrillo, European Stability Mechanism)

Speaker 1: Ben Deboeck (European Commission)
Speaker 2: Joao De Sousa (Nova School of Business and Economics)

10:55 – 11:10

Coffee Break

11:10 – 12:20

Embedding inequality in the DSA frameworks

(Chair: Gergely Hudecz, European Stability Mechanism)

Speaker 1: Zsoka Koczan (EBRD)
Speaker 2: Enisse Kharroubi (Bank for International Settlements)

12:20 – 13:20

Lunch Break

13:20 – 14:40

Stochastic DSA & DSGE-based assessments: Can they work together?

(Chair: Ramon Marimon, Universitat Pompeu Fabra)

Brainstorming:

• Lilia Cavallari (UPB/University of Rome),
• Francesco Bianchi (Johns Hopkins University),
• Kostantinos Theodoridis (European Stability Mechanism)

14:40 – 15:00

Coffee Break

15:00 – 16:40

Climate change in the DSA – Technical considerations

(Chair: Mark Flanagan, International Monetary Fund)

Speaker 1: Manrique Saenz (International Monetary Fund)
Speaker 2: Nicola Gagliardi (European Commission)