EUROPEAN COMMISSION REPRESENTATION IN DENMARK Draft Programme Large and Chronic Current Account Surpluses - Problems, Policies and Prospects Date: 8 October 2015 Venue: Center for Ledelse, Folke Bernadottes Allé 45, 2100 Copenhagen Ø, Denmark Moderator: Professor Svend Erik Hougaard Jensen, Copenhagen Business School 09.30 – 10.00 10.00 – 10.15 10.15 – 11.45 Coffee and croissants Introduction to the topic by moderator Professor Svend Erik Hougaard Jensen First session: Current account surpluses – a "luxury problem"? What does recent research suggest? Root causes of large and chronic current account imbalances. Demographics, savings- and investment behaviour and the role of the welfare state. Introduction • Hugo Rojas-Romagosa, CPB Netherlands Bureau for Economic Policy Analysis, NL Interventions • Dr. Simon Junker, Deutsches Institut für Wirtschaftsforschung, DE • Director Carlos Martinez Mongay, DG ECFIN, European Commission • Professor Hans Wijkander, University of Stockholm, SE • Director John Smidt, Danish Economic Councils, DK Panel debate and Q&A 11.45 – 12:45 Lunch Buffet Europe House, Gothersgade 115, DK-1123 Copenhagen K - Denmark Ph. + 45 33144140. Telefax: + 45 33111203 www.europa-kommissionen.dk [email protected], [email protected] -2- 12:45 – 14.15 Second session: Similarities and differences between key "large and chronic surplus countries" such as Germany, Sweden, the Netherlands and Denmark, including the likely impact of different exchange rate regimes. Has the build-up of occupational pension schemes changed savings behaviour? Introduction • Prof. Dr. Gustav Horn, Institut für Makroökonomie und Konjunkturforschung, DE Interventions • Steen Bocian, Chief Economist, Danske Bank, DK • Guido Schotten, De Nederlandsche Bank, NL • Mr. Rafael Domenech, BBVA Research, ES • Niels Lynggård Hansen, Danmarks Nationalbank, DK 14.15 – 14.30 14.30 – 16.00 Panel debate and Q&A Coffee break Third session: What do we mean by "rebalancing"? When and how to rebalance? How to communicate this challenge – and how to get politicians to act on it? Introduction • Mr. Rafael Domenech, BBVA Research, ES Interventions • Maria Demertzis, DG ECFIN, European Commission • Prof. Dr. Stefan Kooths, Institut für Weltwirtschaft an der Universität Kiel, DE • Professor Hans Wijkander, University of Stockholm, SE • Guido Schotten, National Bank, NL Panel debate and Q&A 16.00 – 16.10 Wrap-up: Michael Vedsø and Torbjörn Olausson, European Commission Representation in Denmark Europe House, Gothersgade 115, DK-1123 Copenhagen K - Denmark Ph. + 45 33144140. Telefax: + 45 33111203 www.europa-kommissionen.dk [email protected], [email protected]
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