JOINT MEETING PROGRAMME
 

Day 1: Thursday-June 8, 2000

8:30 Registration

9:00 Welcome Address
 

MORNING SESSION: THE EFFECTS OF EU MONETARY AND FISCAL POLICY, part I

9:15 Forecasting EMU Inflation: A Disaggregated Approach by Countries and Components, A. Espasa, R. Albacete and E. Senra, Universidad Carlos III, Madrid

10:15 The Fiscal Dimension of a Common Monetary Policy: Results with a Non-Ricardian Global Model, S. Sgherri, De Nederlandsche Bank

11:15 Coffee

11:30 Financial Structure and the Interest Channel of the ECB Monetary Policy, B. Mojon, European Central Bank

12.30 Lunch
 

AFTERNOON SESSION I: THE EFFECTS OF EU MONETARY AND FISCAL POLICY, part II

14:00 Monetary Processes in the Balkan's Transition Countries Economies, M. Garvalova, Bulgarian Academy of Sciences

14:45 Modelling the Demand for M3 in the Euro Area, R. Golinelli and S. Pastorello, Università di Bologna

15:45 Monetary Policy in a Monetary Union: Should Information at the National Level Play a Role?
Paolo Angelini, Paolo Del Giovane, Stefano Siviero and Daniele Terlizzese, Banca d’Italia

16:45 Ice cream
 

AFTERNOON SESSION II: EXCHANGE RATES AND FINANCIAL MARKETS ANALYSIS

17:15 A Global Hazard Index for the World Foreign Exchange Markets, V. Brousseau and F.Scacciavillani, European Central Bank

18:15 Measuring Co-movements Between US and European Stock Markets, A. Bonfiglioli and C. Favero, Università Bocconi di Milano

19:00 Close of session
 

Day 2: Friday-June 9, 2000
 

MORNING SESSION: EXCHANGE RATE EURO/OTHER CURRENCIES

(Chairman: John Velis, Intesa Asset Management)

9:00 Euro/Dollar Exchange Rates: A Monthly Econometric Model for Forecasting, D. Sartore, L. Trevisan, M. Trova and F. Volo, Università Ca’ Foscari di Venezia, Intesa Asset Management, Milano and GRETA, Venezia

10:00 Explaining and Forecasting the Euro/Dollar Exchange Rate. Using Threshold Models to Capture Non-linearities Involved by Business Cycle’s Developments and Equity Markets’ Dynamics, A. Jamaleh, Banca Commerciale Italiana, Milano

11:00 Coffee

11:30 Global Equilibrium Exchange Rates: Euro, Dollar, "Ins," "Outs," and Other Major Currencies in a Panel Cointegration Framework, E. Alberola, S. G. Cervero, H. Lopez and A. Ubide, Banco de Espagna, Deutsche Bank, The World Bank and IMF

12.30 Lunch
 

SPECIAL SESSION: MARKET MONITORING AND MARKET SENTIMENT (PANEL)

(Chairman: Luca Paolazzi, Il Sole 24 Ore )

14:00 Short Term Statistics for Monitoring Euro, D. Ladiray and G.L. Mazzi, EUROSTAT,

14:45 Euro: Going with the Flow, P. Mortimer-Lee, BNP Paribas, London,

Movements in the Euro, Away from Equilibrium, S. Hull, Goldman Sachs, London,

Devaluation, Inflation and Monetary Policy in the Euro Area, G. De Felice, Research Division, Banca Commerciale Italiana,

Fundamental Views of Euro/Dollar Parity: An Investor Perspective, M. Annenberg, SSB Citi Asset Management Group, London,
M. Ratti, Comit Asset Management Sgr

(ice cream break at 16:00)
 

18:00 Close of session and cocktail

 

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