Calendar
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Press conference on the occasion of the General Meeting of the OeNB and presentation of the Annual Report 2016
11:15 a.m., Oesterreichische Nationalbank, Otto-Wagner-Platz 3, 1090 Vienna -
80th East Jour Fixe of the Oesterreichische Nationalbank
9:00 a.m. to 1:00 p.m., Oesterreichische Nationalbank, Otto-Wagner-Platz 3, 1090 Vienna, VeranstaltungssaalBulgaria and Romania – 10 years after EU accession
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Roger Wattenhofer (ETH Zürich) – Bitcoin, Blockchain & Beyond
11.00 Uhr, OeNB, Otto-Wagner-Platz 3, 1090 Wien, VeranstaltungssaalI will start with a short introduction to the Bitcoin system, explaining some of the basics such as transactions and the blockchain. Then, I will discuss some interesting technical aspects in more detail, regarding the stability, security, and scalability of Bitcoin.
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John Muellbauer (University of Oxford) – What's wrong with macro: why central bank models failed and how to repair them
11 a.m., Oesterreichische Nationalbank, Otto-Wagner-Platz 3, 1090 Vienna, Veranstaltungssaal, Ground floorThe failure of the ubiquitous New Keynesian “Dynamic Stochastic General Equilibrium” (NK-DSGE) models to capture interactions of finance and the real economy is widely-recognized since the 2008-9 financial crisis. NK-DSGE models exclude money, debt and asset prices and, importantly, ignore changing credit markets.
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Jean-Baptiste Michau (Ecole Polytechnique) – Secular Stagnation: Theory and Remedies
11:00 a.m., Oesterreichische Nationalbank, Otto-Wagner-Platz 3, 1090 Vienna, Veranstaltungssaal (Ground floor)This paper relies on a Ramsey model with money to offer a simple theory of secular stagnation. The permanent failure of the economy to produce at full capacity results from three features.
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44th Economics Conference -
Vienna Marriott Hotel, Parkring 12a, 1010 ViennaThe financial system of the future
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