Past Event

11th Asia Europe Economic Forum (AEEF)

The 11th AEEF Conference discussed the topic "What can Asia learn from economic reforms in Europe?".

Date: Dec 5 - Jan 1, 1970 Topic: Global Economics & Governance

aeef_logo2We are pleased to announce that the 11th AEEF conferencewill take place on 5-6 December 2014 in Tokyo, Japan. The event is jointly organised by this year’s host Asian Development Bank Institute (ADBI), Chinese Academy of Social Sciences (CASS), and Korea University (CEAS) on the Asian side and Bertelsmann Stiftung, Bruegel and Centre d’Etudes Prospectives et d’Informations Internationales (CEPII) on the European side. The event will bring together a range of high-ranking participants, including active and former senior policymakers, recognized academic experts and private sector specialists.

Summary of the event

Programme

Friday, 5 December, 2014

15:45 – 16:15 Registration

16:15 – 16:30 Welcoming Remarks

  • Guntram Wolff, Director, Bruegel, and Naoyuki Yoshino, Dean, ADBI

16:30 – 18:00 Session I: Macroeconomic and Financial Policy at a Crossroad

Session description: Continued sluggish growth and fears of deflation have revived discussions about the appropriate monetary policy choice in the Euro zone area. At the same time in Asia, Japan continues an aggressive QE policy, while the PRC attempts to internationalize its currency. The session will discuss the implications of the different monetary policy choices and other macroeconomic policies in Asia and Europe.

Moderator: Kyung Wook Hur, former Korean vice-minister of finance and economy and former ambassador to the OECD

Presenters:

  • Guntram Wolff, Bruegel
  • Masahiro Kawai, Tokyo University
  • Guonan Ma, Bruegel

Discussants:

  • Yung Chul Park
  • Zhang Liqing, Central University of Finance and Economics

18:00 – 18:10 Photo session

18:15 – 20:30 Reception and Dinner

20:30 – 21:30 Meeting of AEEF Members

Saturday, 6 December, 2014

8:30 – 10:00 Session II: Structural Reforms: How to Revive Growth in Asia and in Europe?

Session description: In the aftermath of the Global Financial Crisis economic growth and growth prospects in the majority of developed countries remain weak. In order to achieve stronger and more balanced growth, a number of countries in Asia and Europe have started to implement structural reforms. This session will analyse the nature of these reforms and whether they are appropriate to revive growth, investment and employment.

Moderator:Ido Kiyoto, Vice Chairman, Toyota Institute for International Economic Studies

Presenters:

  • Lorenzo Codogno, Director General and Chief Economist of the Italian Treasury
  • Jean Pisani-Ferry, Hertie School of Governance
  • He Fan, CASS

Discussants:

  • Rüdiger von Kleist, Ministry of Finance, Germany
  • Asakawa Masatsugu, Director General, Ministry of Finance, Japa

10:00 – 10:30 Keynote Speech

Changyong Rhee, Director, Asia and Pacific Department, IMF

10:30 – 10:45 Coffee Break

10:45 – 12:15 Session III: The interplay between SMEs development and the financial sector in Asia and Europe

Session description: In many European and Asian economies SMEs contribute significantly to economic output and play a crucial role for job creation. However, SMEs face considerable constraints which hamper their development, such as limited access to finance and difficulties in financing R&D. Some of these difficulties stem from a malfunctioning of the financial sector. This session will shed light on the different experiences of European and Asian SMEs and will yield interesting comparisons and insights.

Moderator:Shaun Gavigan, ASEF

Presenters:

  • Junghan Koo, Director of Consumer Finance and Protection Division, Korea Institute of Finance
  • Federico Galizia, Head of Risk Management and Operations, European Investment Fund

Discussants:

  • Naoyuki Yoshino, Dean, ADBI
  • Xu Jianguo, Peking University

12:15 – 12:45 Keynote Speech

Dr. Sayuri Shirai, Member of the Policy Board, Bank of Japan (tbc)

12:45 – 13:45 Lunch (Kazan Kaikan, 37th Floor in the next building)

13:45 – 15:15 Session IV: Globalization and Income Distribution

Session description: Welfare gains of economic growth are often distributed unevenly among countries, but also within countries. Consequently, globalization produces both winners and losers. This session will focus on the effects globalization has on incomes, employment, and consumption in different countries in Asia and Europe. The session will also look at possible policy responses and their interaction with international competition.

Moderator: Hideo Akabayashi, Keio University (tbc)

Presenters:

  • Xu Jianwei, Beijing Normal University
  • Andreas Esche, Bertelsmann Foundation
  • Guanghua Wan, ADB (tbc)

Discussants:

  • Carsten Herrmann-Pillath, Universität Witten/Herdecke, Germany
  • Robert Rudolf, Korea University, Republic of Korea

15:15 – 15:30 Coffee Break

15:30 – 17:00 Session V: Strengthening the world trading system: Multilaterlizing regional trade agreements

Session description: Global trade generally yields welfare gains for the economies involved, however, the welfare gains need to be distributed fairly. Furthermore, preferential trade agreements exclude certain countries which will bias the accumulation of welfare gains. In order to achieve a more equal distribution, it is necessary to revitalize multilateral approaches to international trade. This panel will analyze how this objective can be achieved. It will also study questions related to the liberalization of trade in services as well as groupwise liberalization initiatives (plurilaterals).

Moderator: Heung Cheong Kim, Vice President of the Korea Institute of External Economic Policy

Presenters:

  • Gabriel Felbrmayer, University of Munich
  • Innwon Park, Korea University
  • Sébastien Jean, CEPII

Discussants:

  • Yorizume Watanabe, Keio University
  • Matthias Helble, ADBI

17:00 Closing Remarks

Ganeshan Wignaraja, ADBI

About AEEF

With a growing recognition for the need to diversify and consolidate the linkage between economists and practitioners from Asia and Europe, five institutions from Asia and Europe agreed in 2006 to establish an Asia Europe Economic Forum (AEEF) to serve as a high level forum, giving Asian and European policy experts an occasion for in-depth research-based exchanges on global issues of mutual interest.

Read about event More on this topic

Upcoming Event

Jun
25
08:30

How comprehensive is the EU political realignment?

Has the left-right divide become obsolete in EU politics?

Speakers: David Amiel, Otilia Dhand, Nicolas Véron and Silke Wettach Topic: European Macroeconomics & Governance Location: Bruegel, Rue de la Charité 33, 1210 Brussels
Read article Download PDF More on this topic

Policy Brief

A strategic agenda for the new EU leadership

Memo to the presidents of the European Commission, Council and Parliament. 'A strategic agenda for the new EU leadership' by Maria Demertzis, André Sapir and Guntram Wolff is the first of our 2019 Bruegel memos to the new presidents of the European Commission, Council and Parliament. Focusing on the most important economic questions at EU level, these Bruegel memos are intended to be a strategic to-do list, outlining the state of affairs that will greet the new Commission.

By: Maria Demertzis, André Sapir and Guntram B. Wolff Topic: European Macroeconomics & Governance Date: June 13, 2019
Read about event More on this topic

Past Event

Past Event

Past, present, and future EU trade policy: a conversation with Commissioner Malmström

What was trade policy during the last European Commission? What will be the future of European trade under the next Commission?

Speakers: Cecilia Malmström, André Sapir and Guntram B. Wolff Topic: European Macroeconomics & Governance Location: Bruegel, Rue de la Charité 33, 1210 Brussels Date: June 13, 2019
Read article Download PDF More on this topic

External Publication

Effectiveness of cohesion policy: learning from the project characteristics that produce the best results

This study by Zsolt Darvas, Antoine Mathieu Collin, Jan Mazza, and Catarina Midões analyses the characteristics of cohesion policy projects that can contribute to successful outcomes. Their analysis is based on a literature survey, an econometric analysis and interviews with stakeholders. About two dozen project characteristics are considered, and their association with economic growth is studied using a novel methodology. Based on the findings, the study concludes with recommendations for cohesion policy reform.

By: Zsolt Darvas, Antoine Mathieu Collin, Jan Mazza and Catarina Midoes Topic: European Macroeconomics & Governance Date: June 11, 2019
Read article More on this topic More by this author

Blog Post

The next ECB president

On May 28th, EU heads of state and government will start the nomination process for the next ECB president. Leaving names of possible candidates aside, this review tries to isolate the arguments about what qualifications the new president should have and what challenges he or she is likely to face.

By: Konstantinos Efstathiou Topic: European Macroeconomics & Governance Date: May 27, 2019
Read article Download PDF More on this topic

Policy Contribution

How to improve European Union cohesion policy for the next decade

This policy contribution investigates the performance of the design, implementation and effectiveness of cohesion policy, the most evaluated EU tool for promoting economic convergence. By analysing the effects of cohesion policy on economic growth through reviewing literature, conducting empirical research by comparing regions, as well as considering attitudes and expectations collected through interviewing stakeholders, the authors provide reform recommendations.

By: Zsolt Darvas, Jan Mazza and Catarina Midoes Topic: European Macroeconomics & Governance Date: May 23, 2019
Read about event More on this topic

Past Event

Past Event

Europe after Sibiu: Towards differentiated integration?

A comprehensive follow-up to the Informal European Council in Sibiu, Romania.

Speakers: Andrew Duff, John Erik Fossum, Paweł Karbownik and Guntram B. Wolff Topic: European Macroeconomics & Governance Location: Bruegel, Rue de la Charité 33, 1210 Brussels Date: May 21, 2019
Read article More on this topic More by this author

Blog Post

European bank resolution plans are undermined by a lack of transparency

The discussions of the now-aborted merger of Germany’s two largest banks underlined supervisors’ concerns over creating banks that are too big or too complex to fail. While European banks are increasingly funded through securities that could be subject to a bail-in, transparency over how any resolutions would unfold is as yet very poor.

By: Alexander Lehmann Topic: Finance & Financial Regulation Date: May 15, 2019
Read about event More on this topic

Past Event

Past Event

Spitzenkandidaten series: Frans Timmermans

The sixth event in the The Road to Europe - Brussels Briefing Live: Spitzenkandidaten series. The series features the lead candidates for the European Elections of six parties and is jointly organised by Bruegel and the Financial Times in March and April 2019.

Speakers: Mehreen Khan, André Sapir and Frans Timmermans Topic: European Macroeconomics & Governance Location: Bruegel, Rue de la Charité 33, 1210 Brussels Date: April 11, 2019
Read about event More on this topic

Past Event

Past Event

Spitzenkandidaten series: Manfred Weber

The fifth event in the The Road to Europe - Brussels Briefing Live: Spitzenkandidaten series. The series features the lead candidates for the European Elections of six parties and is jointly organised by Bruegel and the Financial Times in March and April 2019.

Speakers: Anne-Sylvaine Chassany, Manfred Weber and Guntram B. Wolff Topic: European Macroeconomics & Governance Location: Bruegel, Rue de la Charité 33, 1210 Brussels Date: April 9, 2019
Read about event More on this topic

Past Event

Past Event

Spitzenkandidaten series: Jan Zahradil

The fourth event in the The Road to Europe - Brussels Briefing Live: Spitzenkandidaten series. The series features the lead candidates for the European Elections of six parties and is jointly organised by Bruegel and the Financial Times in March and April 2019.

Speakers: Jim Brunsden, Maria Demertzis and Jan Zahradil Topic: European Macroeconomics & Governance Location: Bruegel, Rue de la Charité 33, 1210 Brussels Date: April 4, 2019
Read about event More on this topic

Past Event

Past Event

Spitzenkandidaten series: Luis Garicano

The third event in the The Road to Europe - Brussels Briefing Live: Spitzenkandidaten series. The series features the lead candidates for the European Elections of six parties and is jointly organised by Bruegel and the Financial Times in March and April 2019.

Speakers: Luis Garicano, Mehreen Khan and Guntram B. Wolff Topic: European Macroeconomics & Governance Location: Bruegel, Rue de la Charité 33, 1210 Brussels Date: April 3, 2019
Load more posts