An open seminar will be held at Eesti Pank on Thursday 20 October at 10.30-12.00, at which the internationally recognised economist Fabio Canova will present his research work written with Evi Pappa Costly disasters, energy consumption, and the role of fiscal policy. The seminar will be in English.

The presentation based on the research will study how natural disasters in the United States affect fiscal policy. The research looks at costly natural disasters that have affected energy consumption through the damage they have caused, and so impacted total output in the economy, incomes and unemployment. There will also be discussion of the steps needed to avoid a real recession.

Fabio Canova is a recognised expert among economists in econometrics. His main topics of research are time series econometrics, forecasting and quantitative macroeconomics.

The seminar can be attended in person in the press room of the Eesti Pank museum at Estonia pst 11. Please notify us of your intention to attend by 18 October at the latest to [email protected].

You can also attend the seminar online through Webex.

https://eestipank.webex.com/eestipank/j.php?MTID=m394eeb9ebc19705513e132f4456e4a90

If needed, enter the access code or password:

Meeting number (access code): 2744 110 5435

Meeting password: 7XPmi4NYsG3 (79764469 from phones and video systems)

• You can join through Webex 10 minutes before the event starts
• Please be sure to enter your name when you join the seminar if it is not already visible from your profile
• Your microphone will be muted by default when you join
• If the video image freezes during the seminar, it is recommended that you switch video off

Asking questions

- In writing: please use the chat function in Webex.

- Orally: after the presentation ends, you may also ask questions orally. To do so, please make that your microphone is on by clicking ‘unmute’, and then click ‘mute’ after you have asked the question.

The Eesti Pank open seminars support the exchange of ideas between the central bank and academic circles and economic policy institutions. They are aimed at experts on economics and at anyone else interested in the economy.