Growth in Mature Economies: The First CEPR-Modena Conference

Lucrezia Reichlin, Ferdinando Giugliano 07 November 2013

The 9-10 November 2012 conference in Modena was the first in a series of events aimed at sharing different ideas and perspectives on a key policy issue – what can stimulate sustained growth in economies that cannot simply add more capital or import technologies developed abroad? This is an important question not only in the short run, but also over the longer term and population ageing begins to affect these mature economies.

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Table of contents

Foreword

Introduction

Lessons from History
Nicholas Crafts
Discussant 1: Daniel Cohen
Discussant 2: Gianni Toniolo

Industrial policy
John Van Reenen
Discussant 1: Marc Ivaldi
Discussant 2: Otto Toivanen

The Political Economy of Structural Reforms
3.1 The political economy of credit cycles
Luis Garicano
3. 2 Reforming the Spanish labour market
Samuel Bentolila
Discussant: Graziella Bertocchi

Trade and Growth
Richard Baldwin
Discussant: Philippe Martin

Capital Flows and Growth
Jaume Ventura
Discussant: Kevin O’Rourke
Discussant: Richard Portes

Social Costs and Benefits of the Financial Sector
Marco Pagano
Discussant: David Thesmar

Private Equity
7.1 Venture and growth capital investors
Francesca Cornelli
Discussant: Ulf Axelson
Discussant: Laura Bottazzi
7.2 Technology
Joshua Lerner
Discussant: Francesco Caselli

Demography, Finance and Growth
Carlo Favero
Discussant 1: Tullio Jappelli
Discussant 2: Michael Reiter

Lucrezia Reichlin

Chairman and co-founder, Now-Casting Economics; Professor of Economics, London Business School; CEPR Research Fellow; Fellow of the British Academy; Fellow of the Econometric Society

Ferdinando Giugliano

Leader writer, Financial Times

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