European Central Bank conference

Challenges in the digital age

Thursday, 4 and Friday, 5 July 2019
Frankfurt am Main

Participation is by invitation only.

Programme

* indicates the presenter

Thursday, 4 July

8:00
Registration
9:00

Welcome address

Philip Lane, Member of the Executive Board, European Central Bank

9:15

Keynote speech
Work of the past, work of the future

David Autor, Massachusetts Institute of Technology

Chair: Frank Smets, European Central Bank

10:15

Coffee break

 

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

10:45

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
11:20

Productivity-enhancing technology and labour market outcomes

  • *James Bessen, Boston University
  • Cesare Righi, Boston University
11:55

Economic policy towards digitisation: Can it enhance the goodies and abate the baddies?

Manuel Trajtenberg, Tel Aviv University

12:30

Session discussion

13:00
Buffet lunch
14:30

Keynote speech
Productivity growth, market power and monetary policy

Chad Syverson, Chicago Booth

Chair: Luc Laeven, European Central Bank

15:30

Coffee break

 

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

16:00

More Amazon effects: Online competition and pricing behaviours

Alberto Cavallo, Harvard University

16:35

Digitisation and the macroeconomics of superstars

  • *Anton Korinek, University of Virginia
  • Ding Xuan Ng, Johns Hopkins
17:10

Out of thin air? Drivers of industry concentration

  • *Chiara Criscuolo, OECD
  • Matej Bajgar, OECD
  • Jonathan Timmis, OECD
17:45

Session discussion

19:00

Dinner – invitation only

20:00

Dinner speech

Automation: Recent determinants and long-run consequences

Robin Hanson, George Mason University

Friday, 5 July

8:30
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

9:15

The impact of big data on firm performance: An empirical investigation

Pat Bajari, Amazon

9:50

World productivity: 1996-2014

  • *John Fernald, INSEAD
  • Mehrdad Esfahani, Arizona State University
  • Bart Hobijn, Arizona State University
10:25

Coffee break

10:45

Medium-term drivers of productivity growth

Diego Comin, Dartmouth College

11:20

Digital technologies and online platforms: The holy grail of productivity?

Peter Gal, OECD

11:55

Session discussion

12:30
Buffet lunch
14:00

Panel discussion

Chair: Reinhilde Veugelers, Katholieke Universiteit Leuven

Panellists:

15:30
End of conference

This programme may be subject to change without notice.

General information

Conference venue

European Central Bank
Sonnemannstrasse 20
60314 Frankfurt am Main

+49 69 1344 0
info@ecb.europa.eu

Workshop language

English

Transfers

Participants are requested to arrange their own transfers.

Organisers
  • Vincent Labhard, European Central Bank
  • Peter McAdam, European Central Bank
  • Julian Morgan, European Central Bank
  • Filippos Petroulakis, European Central Bank
Contacts

Clare Childs
Directorate General Economics
Supply Side, Labour and Surveillance Division

+49 69 1344 8420
+49 172 1442930
digitalisation@ecb.europa.eu