- European Central Bank conference
Challenges in the digital age
Thursday, 4 and Friday, 5 July 2019 Frankfurt am Main
Participation is by invitation only.
* indicates the presenter
Philip Lane, Member of the Executive Board, European Central Bank
Keynote speech Work of the past, work of the future
David Autor, Massachusetts Institute of Technology
Chair: Frank Smets, European Central Bank
Session 1 Work, wages and technology: Past, present and future
Technological change can have profound effects on labour markets. This session will consider the effects of technology from a historical perspective, the impact of more recent IT investments and automation, and potential issues for policy should artificial intelligence permanently exclude some people from the labour force.
Chair: Rachel Ngai, London School of Economics
Automatic reaction – What happens to workers at firms that automate
- *Anna Salomons, Universiteit Utrecht
- James Bessen, Boston University
- Maarten Goos, Universiteit Utrecht
- Wiljan van den Berge, CPB Netherlands Bureau for Economic Policy Analysis
Productivity-enhancing technology and labour market outcomes
- *James Bessen, Boston University
- Cesare Righi, Boston University
Economic policy towards digitisation: Can it enhance the goodies and abate the baddies?
Manuel Trajtenberg, Tel Aviv University
- Buffet lunch
Keynote speech Productivity growth, market power and monetary policy
Chad Syverson, Chicago Booth
Chair: Luc Laeven, European Central Bank
Session 2 Market power in the digital age
Digital technologies have the potential to allow scale without mass and to allow innovative start-ups to grow and gain large market shares. This session will consider online pricing and the drivers of markups and concentration in the digital era, and will examine the implications of these forces for macroeconomic policy.
Chair: Christos Genakos, Cambridge Judge Business School
More Amazon effects: Online competition and pricing behaviours
Alberto Cavallo, Harvard University
Digitisation and the macroeconomics of superstars
- *Anton Korinek, University of Virginia
- Ding Xuan Ng, Johns Hopkins
Out of thin air? Drivers of industry concentration
- *Chiara Criscuolo, OECD
- Matej Bajgar, OECD
- Jonathan Timmis, OECD
Dinner – invitation only
Automation: Recent determinants and long-run consequences
Robin Hanson, George Mason University
- Registration and coffee
Session 3 Growth and productivity: Can digital technologies deliver?
Digital technologies have the potential to generate incredible productivity gains, and yet the past fifteen years have seen a protracted decline in productivity growth. This session will examine the productivity impact of technologies such as big data and online platforms, and will consider when we will see the promised productivity gains.
Chair: Gino Gancia, Queen Mary and CREI
The impact of big data on firm performance: An empirical investigation
Pat Bajari, Amazon
World productivity: 1996-2014
- *John Fernald, INSEAD
- Mehrdad Esfahani, Arizona State University
- Bart Hobijn, Arizona State University
Medium-term drivers of productivity growth
Diego Comin, Dartmouth College
Digital technologies and online platforms: The holy grail of productivity?
Peter Gal, OECD
- Buffet lunch
Chair: Reinhilde Veugelers, Katholieke Universiteit Leuven
- Pat Bajari, Amazon
- Romain Duval, International Monetary Fund
- Janice Eberly, Northwestern University
- Jonathan Haskel, Monetary Policy Committee, Bank of England
- Pat Bajari, Amazon
- End of conference
This programme may be subject to change without notice.
European Central Bank
60314 Frankfurt am Main
Participants are requested to arrange their own transfers.
- Vincent Labhard, European Central Bank
- Peter McAdam, European Central Bank
- Julian Morgan, European Central Bank
- Filippos Petroulakis, European Central Bank
Directorate General Economics
Supply Side, Labour and Surveillance Division
+49 172 1442930