wiiw Spring Seminar 2012

23  March 2012    9:00 am CET

Convergence in Europe Derailed?


Raiffeisen Zentralbank, Am Stadtpark 9, 1030 Vienna, Raiffeisensaal


The seminar discusses perspectives for the European economy and presents the new short- and medium-term economic forecast of the Vienna Institute for the CESEE countries. The seminar will put the analysis of the CESEE region in a wider context of European developments and the euro crisis and will focus on the appearance of major schisms in the development prospects of different parts of the European economy (Germany and other 'Northern' economies, the GIPS countries and various groups of countries in Central-Eastern and Southeastern Europe). We shall also present an assessment of the likely impact of the forthcoming Russian election, analyse the impact of the current crisis on the social situation and present a new investigation of cross-border production networks and the impact of the recent economic downturn on these.

Keynote Speech
Europe: In the Midst of Crisis

Charles Goodhart
London School of Economics
Financial Markets Group


Prof. Charles Goodhart was born in London in 1936. He obtained the Bachelor of Arts Degree from Cambridge in 1960 and a Ph.D. in 1963 from Harvard University. Prof. Charles Goodhart, CBE, FBA is Professor emeritus of Banking and Finance at the London School of Economics. Before joining the London School of Economics in 1985, he worked at the Bank of England for seventeen years as a monetary adviser, becoming a Chief Adviser in 1980. During 1986, Prof. Goodhart helped to found, with Prof. Mervyn King, the Financial Markets Group at London School of Economics. In 1997, he was appointed one of the outside independent members of the Bank of England’s new Monetary Policy Committee until May 2000.


A New Divide in Europe?
Medium-Term Economic Prospects for CESEE

Michael Landesmann, wiiw
Vladimir Gligorov, wiiw

Made in Europe: Production Integration in Europe and Beyond
Robert Stehrer, wiiw

Russian Economic Policies after the Election
Pekka Sutela
Former Head, Institute of Economies in Transition
Bank of Finland


Prof. Pekka Sutela is a specialist in Russian and Soviet economic thought, policies and developments. He worked in the Bank of Finland Institute for Economies in Transition (BOFIT) since 1990, initially as a senior researcher and later as an Adviser to the Board and Acting Head of Department. From 1998 to 2009 he served as Head of BOFIT, and was appointed Principal Adviser, Monetary Policy and Research as of September 2009 until his retirement in February 2011. Prior to that Mr. Sutela pursued a teaching career at the Department of Economics of the University of Helsinki as a tenured lecturer in 1973-1990. He held a researcher's position with the Academy of Finland in 1981-1984 and 1987-1989. In the middle of his central bank career, he returned to the academia as full-time professor in the economics of transition at the University of Helsinki in 1995-1997.


Social Consequences of the Crisis
Sebastian Leitner, wiiw