Workshop on competitiveness and current account imbalances

The Banque de France organized, Monday 19th June in Paris, a one day workshop on “competitiveness and current account imbalances”. The conference brought together about 40 researchers working in different central banks of the Eurosystem. The program included eight presentations based on ongoing research focusing on (1) competitiveness and export performance, (2) determinants of productivity, and (3) current account imbalances. This workshop was also the occasion to discuss about new research and future collaborations between the researchers involved in the second research cluster of the Eurosystem (The Research Cluster for International Macroeconomics, Fiscal Policy, Labour Economics, Competitiveness and EMU Governance), which was created in January 2017.

Organizers and Research Cluster 2 coordinators: Antoine Berthou (Banque de France) and James Costain (Banco de España)

Program Committee: Joao Amador (Banco de Portugal), Sven Blank (Deutsche Bundesbank), Matteo Bugamelli (Banca d’Italia), Emmanuel Dhyne (National Bank of Belgium), Aitor Lacuesta (Banco de España).


8:30 – 9:00 Registration and coffee

9:00 – 9:30 Introduction by Marc-Olivier Strauss-Kahn, Director General Economics and International (Banque de France)

9:30 – 11:00 Session I: Competitiveness and exports performance

Chair: Juan Carluccio (Banque de France)

Italy’s exports: an assessment of recent developments and determinants. [Presentation] M. Bugamelli, S. Fabiani, S. Federico, A. Felettigh, C. Giordano, A. Linarello (Banca d’Italia)

Labor cost policies and competitiveness: evidence from France. [Presentation] C. Malgouyres, C. Carbonnier, T. Mayer, L. Py (Banque de France)

How important is the role of entering and exiting firms in goods trade? [Presentation] J. Amador and L. D. Opromolla (Banco de Portugal)

Coffee break 

11:30 – 12:30 Session II: Micro aspects of productivity

Chair: S. Albrizio (Banco de España)

Local organization of the production network and firms’ productivity [Presentation] E. Dhyne, C. Duprez (National Bank of Belgium)

Markup Responses to Financial Shocks S. Blank, P. Meinen (Deutsche Bundesbank)

12:30 – 14:00 Lunch buffet

14:00 – 15:30 Session III: Imbalances and convergence

Chair: S. Fabiani (Banca d’Italia)

Anatomy of the Spanish current account adjustment: the role of permanent and transitory factors [Presentation] E. Moral and F. Viani (Banco de España)

Home biased expectations and macroeconomic imbalances in a monetary union [Presentation] D. Bonam (De Nederlandsche Bank)

Does Marketing Widen Borders? Cross-Country Price Dispersion in the European Car Market [Paper] G. Strasser (ECB)

Coffee break

16:00 – 17:30 Session IV: Research agenda

Trade and organization of production, Topic introduced by J. Amador (Banco de Portugal)

Productivity and misallocation, Topic introduced by M. Bugamelli (Banca d’Italia)

Current account imbalances, Topic introduced by F. Pappada (Banque de France)

17:30 – 18:00 Wrap-up / end of workshop

Updated on: 11/13/2017 13:23