Back to agendaABSTRACT
Speakers: Prof. Albert Marcet (MOVE) and Prof. Jaume Ventura (CREI)
When: 26th September 2017, 18:00h
Where: ICREA, Pg. Lluís Companys 23, 6th floor
Abstract:
The economic consequences of Catalan independence is a key issue of our time. Various measurements of economic aggregates play a key role on the discussion. For example, there has been a debate about whether the concept of fiscal balances is “right” or “wrong”. Or if the “right” measurement is by monetary flows or cost-benefit. Should the fiscal balance be adjusted for the cycle? Some have argued that the Catalan trade surplus with Spain “compensates” the fiscal balance deficit. Also that the trade surplus with Spain measures of how much Catalunya would loose, should it become independent. The political and journalistic discussion about these issues is often based on moral or philosophical values, we would like to show how it can be used for more scientific purposes.
The research of Marcet and Ventura revolves around the issues of fiscal policy and international macroeconomics that encompass the above issues. They will discuss how some measurements of economic aggregates can be used to make predictions about the consequences of Catalan independence. We hope this session will contribute to the current debate and it will also display how economics can focus on empirical measurements, model evaluation and predictions.
The ICREA colloquia are a great way to learn about remote fields of research from our best experts. We usually have two speakers, who offer their opinions on the same subject from very different angles. Open to all ICREAs and their guests. There’s wine and munchies at the end, please book in advance!
