ECB Public Finance Workshop
Challenges for government spending in the EU

Frankfurt am Main, 6 December 2007

Venue:
European Central Bank
Eurotower, CVII, 2nd floor
Kaiserstrasse 29
D-60311 Frankfurt am Main

Please note that the workshop is by invitation only.

Organisers:
A. Afonso (European Central Bank)
A. van Riet (European Central Bank)

Thursday, 6 December 2007

09:15 - 09:30	Welcome and introduction  en,  en P. Moutot (European Central Bank)
09:30 - 10:00	Opening address: Public spending and growth  en J. von Hagen (University of Bonn)
10:00 - 10:15	General discussion
	Session 1: Efficiency and performance of the public sector Chair: A. van Riet (European Central Bank)
10:15 - 10:35	The efficiency of the Belgian general government in an international perspective  en B. Eugène (National Bank of Belgium)
10:35 - 10:45	Discussant: I. Matalik (Czech National Bank)  en
10:45 - 11:05	Modernising public administration and economic growth  en M. St. Aubyn (ISEG/UTL – Technical University of Lisbon)
11:05 - 11:15	Discussant: A. Schaechter (European Commission)  en
11:15 - 11:30	General discussion
11:30 - 11:45	Coffee break
	Session 2: Public spending volatility and expectations Chair: G. Quirós (European Central Bank)
11:45 - 12:05	Volatility of public spending in EU Member States  en G. Wolswijk (European Central Bank)
12:05 - 12:15	Discussant: L. Paul (Banque de France)  en
12:15 - 12:35	Does anticipation of government spending matter? Evidence from an expectation augmented VAR  en J. Tenhofen (University of Bonn), G. Wolff (Deutsche Bundesbank)
12:35 - 12:45	Discussant: N. Giammarioli (European Central Bank)  en
12:45 - 13:00	General discussion
13:00 - 14:30	Lunch
	Session 3: Country studies Chair: K. Wendorff (Deutsche Bundesbank)
14:30 - 14:50	Pension policy and poverty in Italy: recent developments and new priorities  en D. Franco, M. Marino, P. Tommasino (Banca d’ Italia)
14:50 - 15:00	Discussant: J. Caruana (Central Bank of Malta)  en
15:00 - 15:20	A stochastic frontier analysis of secondary education output in Portugal  en M. Pereira, S. Moreira (Banco de Portugal)
15:20 - 15:30	Discussant: G. Langenus (National Bank of Belgium)  en
15:30 - 15:45	General discussion
15:45 - 16:00	Coffee break
	Session 4: Fiscal forecasts and expenditure rules Chair: D. Franco (Banca d’ Italia)
16:00 - 16:20	The political economy of EDP fiscal forecasts: an empirical assessment  en A. Pina, N. Venes (ISEG/UTL – Technical University of Lisbon)
16:20 - 16:30	Discussant: M. Larch (European Commission)  en
16:30 - 16:50	Can expenditure rules counter expenditure pressures from revenue windfalls?  en P. Wierts (De Nederlandsche Bank)
16:50 - 17:00	Discussant: C. Nickel (European Central Bank)  en
17:00 - 17:15	General discussion
17:15 - 17:30	Closing remarks  en A. van Riet (European Central Bank)
19:00	Dinner

Each author has 20 minutes and the discussant has 10 minutes, with a further 15 minutes for general discussion.

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