The ECB and Its Watchers VII

June 3, 2005

Auditorium
Commerzbank AG
Frankfurt am Main

Program

08:15 – 08:45	Registration and Coffee
08:45	Welcome Volker Wieland, Center for Financial Studies
08:45 - 10:30	Panel I: ECB Watchers—Academic and Market Perspectives Chair: Volker Wieland, Center for Financial Studies Speakers: Jordi Galí, CREI, Universitat Pompeu Fabra, and CEPR, Barcelona Giancarlo Corsetti, European University Institute and CEPR, Florence Daniel Gros, Centre for European Policy Studies, Brussels Joachim Fels, Chief Global Fixed Income Economist, Morgan Stanley; London William Dickens, Brookings Institution, Washington, DC
10:30 - 11:00	Coffee Break
11:00 - 11:45	Panel I continued: ECB Watchers— Academic and Market Perspectives Chair: Volker Wieland, Center for Financial Studies Speakers: Laurence Meyer, Meyer's Monetary Policy Insights, Former Member of the Board of Governors, Washington Thomas Mayer, Chief European Economist, Deutsche Bank, London Ulrich Kater, Chief Economist, DekaBank, Frankfurt
11:45	Reply to Panel I and Discussion Otmar Issing, Member of the Executive Board, European Central Bank
12:30 - 13:30	Lunch Break
13:30	Reforms or Weakening? A New Strong Stability Pact for Fiscal Policy Speaker: Karl-Heinz Grasser, Federal Minister of Finance for Austria, Deputy-Chair of the Euro Group of Finance Ministers
14:00 - 16:00	Panel II: Monetary and Fiscal Policy—The Political Economy of the Stability and Growth Pact Chair: Manfred Neumann, University of Bonn Speakers: Caio Koch-Weser, State Secretary of the German Federal Ministry of Finance, Berlin Lucas Papademos, Vice-President of the ECB, Frankfurt Klaus Regling, Director General for Economic and Financial Affairs, European Commission, Brussels Willem H. Buiter, Chief Economist of the EBRD, London Michael Deppler, Director of the European Department, IMF, Washington
16:00 - 16:30	Coffee Break
16:30 - 18:15	Panel III: Monetary Policy and Central Bank Communication Chair: Lucrezia Reichlin, Director of Research, European Central Bank Speakers: Marcel Fratzscher, Adviser, European Central Bank Richard Clarida, Chief Economist of the Clinton Group and Columbia University, New York Vincent Reinhart, Director of Monetary Affairs, Federal Reserve Board Lars Svensson, Princeton University David Walton, Chief European Economist of Goldman Sachs, London
18:15	Closing Remarks Otmar Issing, Member of the Executive Board, European Central Bank