2017 Central Banking Series: Madrid
Date: Monday, March 27, 2017 - Wednesday, March 29, 2017
Fundacion Rafael del Pino, Madrid, Spain
This program will feature Federal Reserve Bank of Chicago President Charles Evans and other international experts. Registration includes admittance to all private and public meetings on March 27-28, as well as the private welcome dinner on March 26. The non-member rate also includes an annual membership to GIC.
Presentation Documents
- Will Soft Foundations and Financial Vulnerabilities Derail the Modest Recovery? - Catherine L. Mann
- Economics and Finance in a Two-Percent Economy - John Silvia
- Enterprise Introduction and the Sanford World Clinic - Andy Wentzy
- Audit the Fed - Michael Dotsey
- Financing Corporate Investment Along the Recovery: The Case of Spain - Oscar Arce
- Dude, Where's My Tax Cut? - Rajeev Dhawan
- Economic Environment and Insurance Industry - Manuel Aguilera
- Crude Oil Price Expectation Drivers - Antonio Merino
Program Videos
Program Photos
Event Detail
2017 Central Banking Series: Madrid
Scroll down for featured speakers!
Registration fee includes admittance to the private meetings and public conference on March 27 and the members-only roundtable discussion on March 28, as well as the private welcome dinner on March 26th. The non-member rate also includes an annual membership to GIC.
Venue:
Fundacion Rafael del Pino
Calle Rafael Calvo, 39
28010 Madrid
Monday, March 27, 2017
Conference Part I – Public/Invitation only
09:00 AM – 6:30 PM
Rafael del Pino Foundation – Hall I
C/ Rafael Calvo, 39, 28010, Madrid, España
9:00AM – Registration and Coffee
9:30AM – Welcome
- Vicente Montes Gan, Director, Rafael del Pino Foundation
- Michael Drury, Chief Economist, McVean Trading and Investments and GIC Chairman
9:45AM – Session I – Economic Outlook: US and European Views
- Catherine L. Mann, Chief Economist, OECD
- John Silvia, Chief Economist, Wells Fargo
- Julian Callow, Managing Director, Element Capital
11:00AM – Session II – From the Eyes of the Central Banks
- Michael Dotsey, Executive Vice President, Director of Research and Director of the Consumer Finance Institute, Federal Reserve Bank of Philadelphia
- Diego Rodriguez Palenzuela, Head of Output and Demand, European Central Bank
- Óscar Arce, Associate Director General for Economics and Research, Banco de España
12:15 PM – Coffee Break
12:45 PM – Session III – Industry: Healthcare, Energy, and Construction
- Andy Wentzy, Sr. Director, Business Development, Sanford World Clinic
- Manuel Aguilera, Chief Economist of Mapfre
- Pedro Antonio Merino, Chief Economist, Repsol
- Moderator: Manuel Balmaseda, Chief Economist, CEMEX and GIC Board Member
2:00 PM – Lunch
4:00 PM – Session IV – Panel Discussion: What’s Next?
- Megan Greene, Chief Economist, Manulife
- Don Rissmiller, Chief Economist Strategas Research Partners
- Rajeev Dhawan, Professor and Director of Economic Forecasting Center, Robinson College of Business at Georgia State University
- George Tsetsekos, Dean Emeritus, Francis Professor of Finance, LeBow College of Business, Drexel University
- Moderator: Jorge Sicilia, Chief Economist BBVA, BBVA Research
5:30PM Session V – Interview: Post-crisis financial safety net framework: lessons, responses and remaining challenges
- Jaime Caruana, General Manager, Bank for International Settlements
- Mike McKee, International Economics and Politics Correspondent, Bloomberg
6:30PM – Concluding Remarks
Michael Drury, Chief Economist, McVean Trading and Investments and GIC Chairman
Conference Part II – Public Session
7:00 – 8:45pm
Rafael del Pino Foundation – Auditorium
C/ Rafael Calvo, 39, 28010, Madrid, España
6:45PM – Registration
7:00PM – Welcome
• Vicente Montes Gan, Director, Rafael del Pino Foundation
• Michael Drury, Chief Economist, McVean Trading and Investments and GIC Chairman
7:15PM – Monetary Policy in a New Economic Environment
• Charles Evans, President of the Federal Reserve Bank of Chicago
• Peter Praet, Member of the Executive Board, European Central Bank
• Jaime Caruana, General Manager, Bank for International Settlements
Moderator: José Manuel González Páramo, Executive Director and Chairman of the International Advisory Board BBVA, former member of the ECB Governing Council
8:45PM – Conclusion
• Michael Drury, Chief Economist, McVean Trading and Investments and GIC Chairman
Tuesday, March 28, 2017
Private Roundtable Discussion
09:00 AM – 11:45 AM
GIC’s private roundtable discussions have become a hallmark of our programming, allowing an honest and confidential exchange of viewpoints and ideas on issues most relevant to the global economic environment. We offer a conversational, intimate atmosphere, where we will spend about 30 minutes in candid discussion current affairs in the economic community.
Featured discussants will include:
- Manuel Balmaseda, Chief Economist, CEMEX and GIC Board Member
- Michael Drury, Chief Economist, McVean Trading and Investments and GIC Chairman
- Rajeev Dhawan, Professor and Director of Economic Forecasting Center, Robinson College of Business at Georgia State University
- Don Rissmiller, Chief Economist Strategas Research Partners and GIC Board Member
*Chatham House Rule: When a meeting, or part thereof, is held under the Chatham House Rule, participants are free to use the information received, but neither the identity nor the affiliation of the speaker(s), nor that of any other participant, may be revealed.
Event Location
Speakers
Charles Evans
President of the Federal Reserve Bank of ChicagoCharles L. Evans is the ninth president and chief executive officer of the Federal Reserve Bank of Chicago. In that capacity, he serves on the Federal Open Market Committee (FOMC), the Federal Reserve System's monetary policymaking body.
Jaime Caruana
General Manager, Bank for International SettlementsJaime Caruana is, since June 2018, an independent member of the BBVA board. Previously, Mr. Caruana was General Manager of the Bank for International Settlements from the 1st April 2009 to the 30th November 2017.
José M. González-Páramo
Executive Board member, BBVAJosé M. González-Páramo holds a Ph.D., M.Phil. and M.A. in Economics from Columbia University, New York, and a Ph.D. from the Complutense University of Madrid. In 1988 he joined the Complutense University of Madrid as a professor of Economics.
Peter Praet
Member of the Executive Board, European Central BankPeter Praet joined the European Central Bank as Member of the Executive Board in 2011. He is responsible for the Directorate General Economics. Before joining the ECB, Peter Praet was Executive Director of the National Bank of Belgium (2000-2011). Here he was responsible for International Cooperation, Financial Stability and Oversight of Financial Infrastructures and Payments Systems.
Oscar Arce
Director General for Economics, Statistics and Research, Banco de EspañaOscar Arce is Director General for Economics, Statistics and Research, member of the Executive Commission of the Banco de España and Alternate to the Governor on the Governing Council of the European Central Bank.
Manuel Aguilera
Chief Economist, MAPFRESince October 2015, Manuel Aguilera-Verduzco is the Chief Economist of MAPFRE, the Spanish Insurance Group with business presence in more than 100 countries. Before joining MAPFRE, for seventeen years (1998-2015) Manuel Aguilera was the President of the Insurance and Surety National Commission of Mexico. In that position he was responsible for the supervision of the Mexican insurance market, and he developed an extensive experience in insurance regulatory and supervisory issues.
Manuel Balmaseda
Chief Economist, CEMEXManuel Balmaseda is the Chief Economist at CEMEX, a leading global building materials corporation. Previously he served as Chief Economist for Spain and Europe at BBVA, Chief Economist for Capital Markets at BBV, professor of economics at CEMFI and visiting researcher at the Federal Reserve Bank in Minneapolis.
Julian Callow
Economist, Element Capital ManagementJulian Callow is Managing Director responsible for European and Chinese economic research at Element Capital LLC. Prior to that he was a Managing Director for Research at Barclays, including being Chief European Economist (2003-2012) & Chief Global Economist (2012-2014). He was also Chief Eurozone Economist at Credit Suisse (1999-03), & has also worked as an economist at Dresdner Kleinwort Benson, Chase (1990-92) & the Bank of England (1987-90).
Rajeev Dhawan, Ph.D.
Carl R. Zwerner Chair of Economic Forecasting and Director, Economic Forecasting Center, Robinson College of Business, Georgia State UniversityProfessor Rajeev Dhawan wears a dual hat as holder of the Zwerner Chair of Economic Forecasting and as Director of the Economic Forecasting Center at the Robinson College of Business at Georgia State University in Atlanta, Georgia. As director of one of the country’s premiere forecasting centers, Dhawan develops forecasts for the U.S., Southeast regional and local metro Atlanta economies.
Michael Dotsey
Executive Vice President, Director of Research, and Director of Consumer Finance Institute, Federal Reserve Bank of PhiladelphiaMichael Dotsey is executive vice president, director of research, and director of the new Consumer Finance Institute at the Federal Reserve Bank of Philadelphia. As director of research, he heads a staff of economists and analysts who conduct research on macroeconomics, banking, payments, finance, and the regional economy. He serves as the Bank’s chief economic advisor, attends the meetings of the Federal Open Market Committee in Washington, D.C., with the Bank’s president, and makes regular presentations on the economy to the Bank’s board of directors.
Michael Drury
Chief Economist, McVean Trading & InvestmentsMichael Drury is the chief economist for McVean Trading & Investments, LLC. He joined the firm in 1992, after serving for five years as senior economist with Allen Sinai at Shearson Lehman Brothers and its successor firms. Michael began his career in New York in 1982 as senior economist at A. Gary Shilling and Company. He received his B.S. in economics from the Georgia Institute of Technology and did his graduate work at the University of Wisconsin-Madison.
Megan E. Greene
Senior Fellow at the Harvard Kennedy SchoolMegan has been a leading voice in global macroeconomics on both sides of the Atlantic for the past 15 years. She is currently a Senior Fellow at the Mossavar-Rahmani Center for Business and Government at the Harvard Kennedy School. Her role includes teaching and writing, and her main focus is the drivers of wage and income inequality globally.
Catherine L. Mann, Ph.D.
Member of the Monetary Policy Committee, Bank of EnglandDr Catherine L Mann joined the Monetary Policy Committee of the Bank of England on 1 September 2021. She is a member of the Council on Foreign Relations and the American Economic Association, among others. Previously she was Chair of the Economic Advisory Committee of the American Bankers Association.
Michael McKee
International Economics and Politics Correspondent, Bloomberg Radio/TVMichael McKee is the International Economics and Policy Correspondent for Bloomberg TV and Radio, covering market and political developments, economic trends and central banks in the United States and around the globe.
Pedro Antonio Merino García
Chief Economist and Director, Economic Research Department, RepsolAntonio Merino, Spanish, 54, is currently Chief Economist and Director of Repsol’s Economic Research Department. His main areas of expertise are macroeconomic analysis, the Spanish economy and the Oil and Gas markets.
Vicente Montes Gan
Director, Fundacion Rafael del PinoDirector of the Rafael del Pino Foundation, Vicepresident of the United Nations Global Compact Spanish Network, President of the Spanish State Economists Association, Founder and President of the NGO Liberdom and member of the Editorial Boards of the academic magazine Información Comercial Española and Ceteris paribus blog.
Donald Rissmiller
Founding Partner and Chief Economist of StrategasMr. Rissmiller is a founding Partner of Strategas and has directed the Firm's macroeconomic research efforts since 2006. He oversees Strategas' thematic research as well as high-frequency econometric forecasting.
Diego Rodriguez Palenzuela
Head of the Output and Demand Division, DG-Economics, European Central BankResponsibilities of the Output and Demand Division (OAD) Divisional tasks: Monitoring, analyzing and conducting studies from a monetary policy perspective on conjunctural and structural macroeconomic developments in the euro area and in the largest five economies. Organizing high level research and policy conferences (ECB-MIT conference on Entrepreneurship and Innovation in the EU, March 2017; ECB-CEPR seminar series on labor markets). Other responsibilities for ECB tasks: Organizer of the ECB – MIT High Level Conference on “Fostering Entrepreneurship and Innovation in he EU; Coordinator for research on output growth and competitiveness for the Eurosystem’s Research Coordination Committee; Head of the Eurosystem Task Force of the Eurosystem Task Force on the measurement of potential output growth; Head of the Eurosystem Task Force on sectoral macroeconomic adjustment in the euro area (produced the 2015 Structural Issues Report).
Jorge Sicilia
Chief Economist, BBVA Group and Director of BBVA ResearchCurrently Jorge Sicilia is chief economist of BBVA Group and director of BBVA Research. He leads a global team of economists distributed around Europe, US, Mexico, South America and Asia devoted to economic, financial and regulatory analysis. He is a member of BBVA’s ALCO and Regulatory Committee.
John Silvia, Ph.D.
CEO, Dynamic Economic StrategyJohn Silvia is enjoying the process of launching his firm, John E. Silvia, Dynamic Economic Strategy. John recently retired from his position as Managing Director and Chief Economist for Wells Fargo. Based in Charlotte, N.C., he held that position since he joined Wachovia in 2002 as the company's Chief Economist, this new launch will permit John to open his schedule for additional Speaking opportunities and Board positions while indulging in his passion for travel.
Livio Stracca, Ph.D.
Head of the International Policy Analysis Division in the European Central BankLivio Stracca is head of the International Policy Analysis Division in the European Central Bank. He holds a Ph.D. in economics and a postgraduate degree in European Union Law. He teaches at the University of Frankfurt J.-W. Goethe and has published extensively, mainly in monetary and international economics.
George Tsetsekos, Ph.D.
Francis Professor of Finance and Dean Emeritus Drexel’s LeBow College of BusinessDr. George Tsetsekos, serves as the Francis professor of Finance and Director of the Risk Management Center at the LeBow College of Business. He served as Dean of LeBow (2002-2012) and under his transformative leadership the college achieved national rankings and quality milestones in research and teaching.
Andy Wentzy
Sr. Director of Business Development, Sanford World Clinic, Sanford HealthAndy Wentzy supports the strategic and operational activities of one of the largest integrated health care systems in the United States. Currently Sr. Director of Business Development for Sanford World Clinic, Wentzy leads the on-going identification of international opportunities for partnership in health care delivery. In prior leadership positions at Sanford Health, he was responsible for enterprise strategic planning, marketing and communications, proposal development and the Sanford Initiatives – a series of unique health care and research programs funded by nearly $1 billion in philanthropic support. His background includes work at Best Buy Co., Inc. headquarters and the Walt Disney Company. Wentzy has a bachelor’s degree in Mass Communications and an MBA.
Partners
Sponsors
