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We are pleased to invite you to register to the
SUERF/ UniCredit Foundation Research Prize and Workshop
“Savings behaviour in crisis and post-crisis times”
on Thursday, 22 April 2021 (online) .
Motivation: The Global Financial Crisis
and COVID-19 crisis have, among many other things, also affected savings behaviour. Changes involve both aggregate household savings ratios, individual propensity to consume and to save, as well as portfolio choice. While the post-GFC and COVID-induced very
low interest rates have likely reduced income motives for saving, crises put precautionary savings into the foreground. In the COVID-19 crisis, new attention was directed to savings motives, given the impossibility to consume, resulting in “forced savings”.
The COVID-19 crisis also raises the question whether consumption and household savings behaviour will change more permanently, and beyond the time of the constraints imposed by the pandemic and related containment measures. Such changes would have important
permanent consequences on aggregate demand, structural employment/unemployment, potential growth, the sectoral composition of output, the natural rate of interest and, as a result, the environment in which fiscal and monetary policies act.
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Programme: Thursday, 22 April 2021
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13:10
13:30
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Online connection
Welcome
Ernest Gnan, OeNB I SUERF Secretary General
Opening Address
Pier Carlo Padoan, Chairman of the UniCredit Group
Keynote Lecture
Michael Haliassos, Chair of Macroeconomics and Finance,
Goethe University
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14:30
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8th SUERF UniCredit Foundation Award Paper Presentation
Chair:
Maurizio Beretta, Chairman, UniCredit Foundation
Paper 1:
The Saving and Employment Effects of Higher Job Loss Risk
Ragnar Juelsrud, Researcher, Norges Bank and
Ella Getz Wold, Economist, Norges Bank
Paper 2:
The Great depression as a saving glut
Victor Degorce, PhD student at the EHESS and
Eric Monnet, PSE and EHESS CEPR Research affiliate
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15:00
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Panel: COVID and Savings Behaviour: What lessons? Any lasting impact?
Moderator: Arne Holzhausen, Head of Insurance, Wealth and Trend Research, Allianz SE
Jens Ulbrich, Director, Deutsche Bundesbank
Geoff Kenny, Head, Monetary Economics Section, DG Research, ECB
Stefan Gerlach, Chief Economist, EFG
Erik Nielsen, Global Chief, Economist UniCredit
Jorge Sicilia, Chief Economist, BBVA
Kurtulus T. Diamondopoulos, Director, Central Banks and Public Policy, World Gold Council
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16:30
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End
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Registration:
To participate in the workshop please sign up
here.
After registration you will receive a confirmation and the necessary information to join the workshop.
Webpage: www.suerf.org/unicredit2021
Format: Online
event via WebEx
Do not hesitate to share this invitation with colleagues in your institution who might be interested to attend.
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We look forward to your participation!
Sincerely,
SUERF Secretariat
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