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ESBG Spotlight, Virtual Event

January 27, 14h30

“It's the labour supply, stupid "

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Guest Speaker

Edward Scicluna

Governor, Central Bank of Malta​


Photo of Governor, Professor Edward Scicluna.JPG


Edward Scicluna is Governor of the Central Bank of Malta and Deputy Chairman of the Malta Financial Services Authority, after having served as Malta's Minister for Finance (2013-2020).  He also served as an MEP and Vice-Charmain of ECON (2008-2013). His previous appointments included that of Professor and Head of the Department of Economics at the University of Malta (UoM), and Chairman of the MCESD.  Edward graduated from the University of Oxford with a Diploma with distinction in politics and economics; from the UoM with a First Class Honours BA degree. He  read for his  Masters and Doctorate in Economics at the University of Toronto.

About the topic

The coronavirus (COVID-19) shock affected some demographic groups’ labour force participation rate differently from what past cyclicality would suggest. The assessment, however, depends on the counterfactual scenario used, i.e. the assumption of what would have happened in the absence of the pandemic shock. Using counterfactual scenarios that take the pre-pandemic trends into consideration, the labour force participation rate gap – i.e. the difference between the observed labour force participation and the no-pandemic-shock counterfactual – is the widest for older workers and for workers with lower and...(click to read more)


Programme

14h30 - Welcome, short introduction by ESBG of the topic and the guest speaker

14h35 - Guest speaker's presentation

15h00 - Q&A moderated by Sebastian Stodulka, ESBG Head of Regulatory Affairs

15h15 - Closure

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About ESBG

The European Savings and Retail Banking Group (ESBG) has 23 members in 18 countries. As some of its members are national organisations, ESBG represents the interests of over 800 banks working responsibly and closely with their communities and SMEs. Together, ESBG members manage assets worth €5,700 billion, serve 162 million Europeans and employ nearly 660,000 people.


About the Central Bank of Malta 

The Central Bank of Malta is the central bank of the Republic of Malta. It was established on 17 April 1968. In May 2004, when Malta joined the European Union, it became an integral part of the European System of Central Banks.


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