Liebe Kolleginnen und Kollegen Anbei eine Einladung für einen SUERF-Unicredit Foundation-Online-Workshop zu „Sparverhalten während und nach Krisen“, der von verschiedenen Blickwinkeln von Interesse sein könnte. Anmeldelink am Ende des Mails. Teilnahme ist kostenlos. SUERF würde sich über Ihre Teilnahme freuen. Einladung kann gerne an Interessierte weitergeleitet werden. Sorry für allfällige Doppelmails. Mit freundlichen Grüßen Ernest Gnan Prof Dr Ernest Gnan Secretary General, SUERF – The European Money and Finance Forum www.suerf.org<http://www.suerf.org> Counsel to the Board and Head, Economic Analysis Division Oesterreichische Nationalbank PO box 61, 1011 Vienna, Austria ernest.gnan@oenb.at<mailto:ernest.gnan@oenb.at> +43 1 40420 7400 [Suerf]<https://www.suerf.org/> Invitation www.suerf.org<http://www.suerf.org/> 8th SUERF & UniCredit Foundation Research Prize and Workshop Savings behaviour in crisis and post-crisis times<https://www.suerf.org/unicredit2021> [cid:image006.png@01D7256F.DDA27C90] 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”<https://www.suerf.org/unicredit2021> 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. Programme: Thursday, 22 April 2021 13:10 13:30 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 14:30 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 15:00 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 16:30 End ________________________________ Registration<https://www.suerf.org/registration/7765/unicredit2021>: To participate in the workshop please sign up here<https://www.suerf.org/registration/7765/unicredit2021>. After registration you will receive a confirmation and the necessary information to join the workshop. Webpage: www.suerf.org/unicredit2021<http://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. ________________________________ We look forward to your participation! Sincerely, SUERF Secretariat SUERF - The European Money and Finance Forum c/o OeNB, Otto-Wagner-Platz 3, A-1090 Vienna<https://maps.google.com/?q=Otto-Wagner-Platz+3,+A-1090+Vienna&entry=gmail&source=g> Tel: +43 1 40420 7216<tel:+431404207216> - E-mail: suerf@oenb.at<mailto:suerf@oenb.at>. Disclaimer: You are receiving this e-mail, because you are a Member of SUERF. Privacy Policy<https://www.suerf.org/privacy-policy> I Terms and Conditions<https://www.suerf.org/terms-and-conditions>. 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