5th Budapest Public Finance Seminar, 2023

5th Budapest Public Finance Seminar: Stagflation risk by energy shortage – How to prevent and mitigate by policy solutions?

Conference,

Co-organizers:

Ministry of Finance

Hungarian Economic Association, Public Finance Section

Hungarian Economic Association, Finance Section

date: 18 May 2023 (Thursday) 9:30-17:00

venue: University of Public Service, Ludovika Main Building, Széchenyi Ceremonial Hall (1082. Budapest, Ludovika tér 2., only in person)

Program:

9.30-9.40 Opening speech by the Rector

9.40 Welcome Speech by Dean of Faculty of Public Governance and International Studies

9.40-10.20 Keynote speech: Stagflation risk – soft or hard landing?

Larry Randall Wray, Bard College, Levy Economics Institute

10.20-10.40 Speech: International crises and stagflation: The role of monetary policy.

Jürgen Jerger, Universität Regensburg, Lehrstuhl für Internationale und Monetäre Ökonomik

10.40-11.00 Coffee break

11.00-12.00 Roundtable 1 – Global inflation and stagflation risks

Larry Randall Wray, Bard College, Levy Economics Institute

Jürgen Jerger, (Universität Regensburg, Lehrstuhl für Internationale und Monetäre Ökonomik)

chair: Gábor Kutasi (University of Public Service)

12.00-13.00 Lunch break

13.00-14.00 Speakers’ session

chair: Pál Péter Kolozsi (National Bank of Hungary, University of Public Service)

· Gyula Pulay (State Audit Office of Hungary): Risk factors of stagflation in case of high inflation

· Neven Vidaković (Trading Club LLT, Croatia): Structural inflation and its effects on small open economy

· Vivien Czeczeli (University of Public Service): Readiness for energy inflation and its short term impacts

14.00-14.20 Coffee break

14.20-15.20 Roundtable 2 - Stagflation and the risk in public finances

Zsolt Darvas (Bruegel , Corvinus University of Budapest)

Carsten Colombier (Ministry of Finance, Switzerland (Eidgenössischen Finanzverwaltung), FiFo-Köln)

chair: Gábor Kutasi (University of Public Service)

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