CEPR Research and Policy Network (RPN) on European Economic Architecture - Programme

CEPR Research and Policy Network (RPN) on European Economic Architecture 

Monday 15 - Tuesday 16 April 2019
Collège de France, Paris


Monday 15 April  - Salle 4

12:45-13:45  - Arrival and Light Lunch - Salon Bleu
13:45-14:00 - Welcome (Lucrezia Reichlin and Jeromin Zettelmeyer)

14:00-16:00 - Session 1 - Reform of the Stability and Growth Pact: do we have a consensus?

Chair: Beatrice Weder di Mauro, CEPR, University of Geneva and INSEAD

Initial presentations: 14:00-15:00

Discussion: 15:00-16:00

16:00-16:30 - Coffee Break 

16:30-18:30 - Session 2 - What holds back productivity growth in euro area countries?

Chair: Gilbert Cette, Banque de France

Initial presentations: 16:30-17:30

  • Reint Gropp, IW Halle and University of Magdeburg
  • Giuseppe Nicoletti, OECD
  • Luigi Zingales, University of Chicago-Booth

Discussion: 17:30-18:30

20:00 - Dinner with keynote speaker (senior French government official) and discussion at Le Coupe Chou, 11 Rue de Lanneaur, 75005 Paris, France


Tuesday 16 April - Salle 1

9:00-11:00 - Session 3 - Does the euro area need a safe asset – and if so, how should it be designed?

Chair: Natacha Valla, ECB

Initial presentations: 9:00-10:00

  • Sam Langfield, European Central Bank (Regulating the Doom Loop)
  • Jeromin Zettelmeyer, Peterson Institute for International Economics
  • Michala Marcussen, Société Générale

Discussion: 10:00-11:00

11:00 - 11:30 - Coffee Break 

11:30-13:00 - Session 4 - Open discussion on the state of research on European economic architecture area and next steps for our network.

13:00-14:00 - Lunch

14:30-16:30 - Panel debate on euro area reform (in French, public CdF event) - Amphithéâtre Guillaume Budé

The reform of the euro area economic and financial architecture: What next?

Chair: Lucrezia Reichlin, London Business School, CEPR and Collège de France

Welcome: Lucrezia Reichlin (London Business School, CEPR and Collège de France) and Beatrice Weder di Mauro (Graduate Institute of Geneva, INSEAD and CEPR) 

Participants: Marco Buti (DG ECFIN, European Commission), Henrik Enderlein (Hertie School of Governance and Jacques Delors Institute Berlin), Francesco Giavazzi (Bocconi University and CEPR), Michel Houdebine (Tresor), Jean Pisani-Ferri (Bruegel, EUI, Hertie School of Governance and Sciences Po), Natasha Valla (European Central Bank), Jakob von Weizsäcker (German Ministry of Finance)

This is a public event which aims at engaging a wide audience with the the themes of the economic and financial reform of the euro area architecture. The panelists - both academics and policy makers - will discuss the lessons learned during the euro crisis, the progress in institutional reform of the last years and the fragilities still remaining. The discussion will aim at identifying the key policy controversies in today's debate and the agenda for further work at both the academic and policy level.  After a first round of brief interventions from the pannelists, the discussion will be opened to Q&As from the audience. The event will be in French.


La réforme de l'architecture économique et financière de la zone euro: quelles perspectives?

Il s’agit d’un événement public qui vise à intéresser un large public aux thèmes de la réforme économique et financière de l’architecture de la zone euro. Les panélistes, universitaires et décideurs, discuteront des enseignements tirés de la crise de l'euro, des progrès réalisés dans la réforme institutionnelle de ces dernières années et des fragilités qui persistent. La discussion visera à identifier les principales controverses politiques dans le débat d’aujourd’hui et le programme des travaux futurs, tant au niveau académique que politique. Après une première série de brèves interventions des membres des groupes de discussion, la discussion sera ouverte aux questions et réponses de l'auditoire. L'événement sera en français.


The Collège de France is a unique public research and higher education institution located in the heart of Paris. Since 1530, it has been a forum for cutting-edge research and education in all fields of knowledge, from the mathematical and natural sciences to the social sciences and humanities. The 50 to 60 appointed professors teach their own “research in the making” at the Collège de France, by delivering lecture series on new topics every year, wherever their research leads them. Lectures at this special place of learning are open to anyone wishing to attend, without any registration or fees.

Lucrezia Reichlin holds the European Chair of the Collège de France for 2018-2019.