The renowned East-West Conference of the Oesterreichische Nationalbank has been renamed: It is now the Conference on European Economic Integration!
The Conference on European Economic Integration will continue to cover topical economic issues to the CEECs will provide a discussion forum for well-known experts on and from these countries. Although the focus of the conference has not basically changed, the conference has been renamed, as the title "East-West Conference" implied a European split that is no longer relevant following EU enlargement in May 2004.
This year’s Conference on European Economic Integration is entitled "South Eastern EUROPEAN Challenges and Prospects," signaling the extension of the OeNB’s strategic focus to Southeast Europe. This region is particularly important for Austria and the OeNB for two reasons: First, some of the countries in the region are set to participate in the next enlargement round and second, Austrian businesses, above all banks, are increasing their activities in the region. Moreover, it will help introduce the region to many people who are not very familiar with it yet.
Peter Mooslechner, Oesterreichische Nationalbank
Chair: Doris Ritzberger-Grünwald, Oesterreichische Nationalbank
Speakers:
Christoph Rosenberg, Senior Regional Representative, IMF Regional Office for Central Europe and the Baltics, Warsaw
Recent Inflation Trends, Food Prices, Policy Implications
Zdenek Lukas, Senior Economist, The Vienna Institute for International Economic Studies (wiiw)
Reasons for Food Price Increases
Przemyslaw Wozniak, Senior Economist, Center for Social and Economic Research (CASE), Warsaw
Recent Inflation Surge and Structural Price Convergence Factors
Discussant:
Gert Wehinger, Economist, Directorate for Financial and Enterprise Affairs, OECD
Chair: Peter Mooslechner, Oesterreichische Nationalbank
Speakers:
Ágnes Csermely, Director Monetary Strategy and Economic Analysis,
Magyar Nemzeti Bank
Diana Dragutinovic, Vice Governor, Narodna Banka Srbije
Valentin Lazea, Chief Economist, Banca Naţională a României
Märten Ross, Deputy Governor, Eesti Pank
Peter Ševčovic, Board Member, Národná Banka Slovenska
Boris Vujčić, Deputy Governor, Hrvatska Narodna Banka
Tina Žumer, Advisor to the Governor, Banka Slovenije
Opening remarks (57 KB)
Peter Mooslechner, Oesterreichische Nationalbank
Session 1:
The US Housing Market – Recent Crisis and the Way out
Speaker:
Elias Karakitsos,University of Cambridge, United Kingdom
Modelling US Housing Market (617 KB)
Session 2:
European Housing Market Developments and their Macroeconomic Implications
Chair: Ewald Walterskirchen, Austrian Institute of Economic Research
Speakers:
Elisabeth Springler, University of Economics and Business Administration, Vienna
Karin Wagner, Oesterreichische Nationalbank
Financial Systems, Structural National-wide Differences in Housing Finance (595 KB)
Christophe Andre, Organisation for Economic Co-Operation and Development
Housing Markets, Business Cycles and Economic Policies (737 KB)
Discussant:
Dieter Gstach, University of Economics and Business Administration, Vienna
Session 3:
Wealth Position of Households – Do Microdata help to understand Housing
Markets better?
Chair:Peter Mooslechner, Oesterreichische Nationalbank
Speaker:
Karin Wagner, Oesterreichische Nationalbank
Housing Wealth in Austria (185 KB)
Discussant:
Michael Wagner-Pinter, Synthesis Forschung
Session 4:
Housing Policies in Europe
Chair:Dubravko Mihaljek, Bank of International Settlements
Speakers:
Montserrat Pareja Eastaway, University of Barcelona, Spain
Rental Costs in Europe, Regulation, the Influence of a regulated Rental Market (434 KB)
Guido Wolswijk, European Central Bank
Fiscal Aspects of Housing in Europe (188 KB)
Discussant:
Margarete Czerny, Austrian Institute of Economic Research (78 KB)
Speaker:
Wolfgang Amann, Institute for Real Estate, Construction and Housing
New policies to facilitate affordable housing in CEE (889 KB)
Discussant:
József Hegedüs, Metropolitan Research Institute (108 KB)
Session 5:
Statistics – How to measure House Prices in a Proper Way?
Chair: Jarko Pasanen, Eurostat
Speakers:
Anthony Murphy, University of Oxford
The Need for a strategic Approach to the Development of Statistics to meet userneeds (154 KB)
Adrian Page, European Central Bank
Residential Property Price Statistics for the Euro Area and selected EU Countries
Panel Discussion
What Lessons have we learned from the Spanish/Italian/British/US case?
What can be done in Europe to make Housing Markets regulated and stable?
Chair:Ernest Gnan,Oesterreichische Nationalbank
Speakers:
Elias Karakitsos,University of Cambridge, United Kingdom (40 KB)
Montserrat Pareja Eastaway, University of Barcelona, Spain (144 KB)
Leonardo Gambacorta, Banca d`Italia, Italy (70 KB)
End of workshop
