ESBG Spotlight, Virtual Event
“It's the labour supply, stupid "
Governor, Central Bank of Malta
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)
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
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
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