Special Event co-Hosted by:


Global Recovery: The Good, the Bad, and the Ugly

April 16-17, 2018
Bank of Spain
Madrid, Spain


Speakers | Program | Hotel / Travel

The National Association for Business Economics (NABE) and the Bank of Spain will co-host a global economic symposium at the Banco de España headquarters in Madrid, April 16-17, 2018.

The symposium will explore the critical challenges, emerging trends, and diverse factors shaping the United States and European economies in 2018 and beyond, and the implications these currents have for US and European businesses. To ensure a constructive and open exchange and maximum interaction amongst panelists and audience participants, the symposium is limited to a select group of business economists, policymakers, and economic and corporate leaders from the US and Europe. 

This is the fourth global symposium to be co-hosted by NABE; the first was conducted May 2015 in Munich, Germany in conjunction with the Deutsche Bundesbank, the second was conducted May 2016 in Paris, France in conjunction with the OECD, and the third was in May 2017 at the Banca d'Italia in Rome. 





  Linde     Praet   Williams 



Check back for updates! 


Monday, April 16


12:00 PM - 1:00 PM Registration / Light Lunch

1:00 PM - 1:15 PM Opening Remarks
Luis M. Linde, Governor, Banco de España
Introduction: Mine Yücel, CBE, Senior Vice President and Senior Research Advisor, Federal Reserve Bank of Dallas

1:15 PM - 2:15 PM Global Outlook
Antonio Garcia Pascual, ‎Managing Director, Chief European Economist, ‎Barclays
Arun Raha, CBE, Vice President and Chief Economist, Eaton Corporation
Chris Varvares, CBE, Vice President and Co-head US Economics, Macroeconomic Advisers by IHS Markit
Moderator: Manuel Balmaseda, CBE, Chief Economist, CEMEX

2:15 PM - 3:15 PM Future of Finance: Will Banks or Capital Markets Dominate?
Ángel Berges, Vice President, Analistas Financieros Internacionales
Adolfo Laurenti,
CBE, European Principal Economist, Visa
Tano Santos, Professor of Finance, Columbia Business School
Moderator: Óscar Arce, Associate Director General of Economics and Research, Banco de España

3:15 PM - 3:45 PM Coffee Break

3:45 PM - 4:45 PM Why Can't Central Banks Hit Inflation Targets?
Jef Boeckx, Head of Monetary Policy Unit, National Bank of Belgium
David Miles, Professor of Financial Economics, Imperial College London
Rubén Segura-Cayuela,  Europe Economist, Bank of America Merrill Lynch
Moderator: David Altig, Executive Vice President and Director of Research, Federal Reserve Bank of Atlanta

4:45 PM - 5:45 PM Impact of Digitization & Automation on Supply Chains
John Calverley, Chief Economist, Calverley Economic Advisors Ltd.
Colleen Donovan, Principal Economist, Amazon
Moderator: Susan Lund, Director of Research, McKinsey Global Institute

8:00 PM - 10:30 PM Reception and Dinner
Peter Praet, Executive Board Member and Chief Economist, European Central Bank
Introduction: Luis M. Linde, Governor, Banco de España


Tuesday, April 17


8:15 AM - 8:45 AM Arrival and Coffee

8:45 AM - 9:30 AM Developments in Banking
Jordi Gual, Chairman, CaixaBank
Introduction: Pablo Hernandez de Cos, General Director of Economics and Statistics, Banco de España

9:30 AM - 10:45 AM Impact of US Tax Reform on Capital Flows
Jean-Michel Six, Chief EMEA Economist, Standard & Poor's Global Ratings, Inc.
Kent Smetters
, Professor of Business Economics and Public Policy, Wharton School of Business
Moderator: Pilar L’Hotellerie-Fallois, Associate Director General International Affairs, Banco de España

10:45 AM - 11:15 AM Coffee Break

11:15 AM - 12:30 PM Future Economic Growth: Will Institutions Matter?
Leszek Balcerowicz, Professor of Economics, Warsaw School of Economics
Alina Mungiu-Pippidi, Professor of Democracy Studies, Hertie School of Governance
Moderator: Klaus Masuch, Principal Adviser, European Central Bank

12:30 PM - 1:45 PM Luncheon & Networking

1:45 PM - 3:00 PM  The Rise of Nationalism and the Future of Trade
Luis Garicano Gabilondo, Professor of Economics and Strategy, London School of Economics
André Sapir, Senior Fellow, Bruegel
Moderator: Megan Greene, Managing Director and Chief Economist, Manulife Asset Management

3:15 PM - 4:15 PM US Policy Keynote
John Williams, President & CEO, Federal Reserve Bank of San Francisco
Introduction: Luis M. Linde, Governor, Banco de España

4:15 PM   Wrap Up / Closing remarks 


The event fee is $225 USD. For non-NABE Members, the fee is $375 (includes one year membership).
Please register with NABE and pay here.

Forgot your username or password?  Contact us

Hotel / Travel

The Banco de España has made preliminary block bookings at several hotels for your convenience, for up to 3 nights, checking in on 15 April and checking out on 18 April 2018 in a double room single use. Should you require double use rooms, please ask the hotel for fees.

Please, send your booking directly by email to the hotel of your preference before the deadline indicating the booking code, in case you require accommodation.

For complete details and to book: Download Hotel Room Block Sheet