Search

Conference report: Macroeconomic Cooperation and the International Monetary System

Watch the Full video of the public panel   Introduction While the International Financial Institutions […]
All Topics
Authors
Search author

11/11/2013

Watch the Full video of the public panel

 

Introduction

While the International Financial Institutions came together in Washington for their annual meetings in early October the Foundation of European Progressive Studies (FEPS) in cooperation with the Initiative for Policy Dialogue (IPD) and with the support of the Ford Foundation and the Center for American Progress (CAP) brought world-leading economists together to ‘Macroeconomic Cooperation and the International Monetary System’.

The timing could have not been better and the issues not more pressing. Five years after the Global Financial Crisis the world economy is still struggling to return to sustainable growth. This latest crisis has renewed interest on the need and the importance to reform the global financial and monetary architecture. International policy coordination, debt crisis management, participation in global economic governance, and the choice of means of payments in cross-border transactions are increasingly seen as crucial issues to create a global economic environment where global stability and growth take centre stage.

Conference Background

On October 8th 2013 FEPS in collaboration with the Initiative for Policy Dialogue (IPD) at Columbia University, and with the support of the Ford Foundation and the Center for American Progress (CAP) organised a conference on Macroeconomic Cooperation and the International Monetary System. The conference addressed three fundamental issues:

  1. Global macro-economic cooperation;
  2. How to reform the international monetary systems to contribute to world economic growth;
  3. European macro-economic governance.

The objective of the conference was to discuss the role and challenges of macro-economic cooperation in a world of independent monetary and fiscal policies.

The conference started with a welcome dinner discussing the role of macro-economic cooperation in restoring growth – a US perspective. Joseph Stiglitz, Co-President of the Initiative for Policy Dialogue, Jason Furman, Chair Council of Economic Advisers in the US, and Massimo D’Alema, President of FEPS and former Prime Minister of Italy provided food for thought.

The conference had three high-level panels and a public debate. The first panel focused on Global macro-economic cooperation. This panel was introduced by Homi Kharas, Senior Fellow of Brookings Institution. Speakers included: Joseph Stiglitz, Co-President of the Initiative for Policy Dialogue, Olivier Blanchard, Chief Economist, International Monetary Fund, Amar Bhattacharya, Director, G24 Secretariat, and Adam Posen, President, Peterson Institute of International Economics

The second panel concentrated on how to reform the international monetary system to contribute to world economic growth. The panel was introduced by John Williamson, Senior Fellow at Peterson Institute for International Economics. Speakers included: Anton Korinek, Assistant Professor of Economics, Johns Hopkins University, Jose Antonio Ocampo, Co-President, Initiative for Policy Dialogue, Eswar Prasad, Senior Professor of Trade Policy, Cornell University, Heidemarie Wieczorek- Zeul, member of the Bundestag and former Minister for Economic Cooperation and Development of Germany.

The third panel discussed European macro-economic governance. The panel was chaired by Ernst Stetter, Secretary General of FEPS. Speakers included Malcolm Sawyer, Emeritus Professor of Economics, Leeds University Business School, Paolo Guerrieri, Professor of Economics, University of Rome, Stephany Griffith-Jones, Financial Markets Programme Director, Initiative for Policy Dialogue, and Marcus Miller, Professor of Economics, University of Warwick, UK.

The day was closed by a public panel chaired by Professor Stephany Griffith-Jones. Guest speakers included: Joseph Stiglitz, Co-President of the Initiative for Policy Dialogue, Adam Posen, President, Peterson Institute of International Economics, Jose Antonio Ocampo, Co-President of the Initiative for Policy Dialogue, and Massimo D’Alema, President of FEPS and former Prime Minister of Italy

Full video of the public panel can be found online:

https://www.americanprogress.org/events/2013/09/30/75631/macroeconomic-cooperation-and-the- international-monetary-system/

 

 

 

Network
Initiative for Policy Dialogue
Find all related publications
Publications
See all
31/05/2023
Policy Study

Is the digital transition a lever for structural reforms or does it reinforce the divide?

Recovery Watch series
17/05/2023
Policy Brief

Prospects for a Keir Starmer premiership

What he can achieve and what obstacles stand in his way
11/05/2023
Book

Next Left Vol. 14

Crisis and progressive politics: How to make hard choices and succeed?
05/05/2023
Policy Study

Fairness and acceptability of environmental externality pricing in Europe

Environmental externality pricing has been long promoted to address environmental problems. The theoretical advantages of […]
Find all related news
News
See all
23/05/2023

A credible future beyond growth has to be feminist

This article was first published on EUobserver
23/05/2023

Open Progressive University

FEPS launches first e-learning platform for Social Democrats
25/04/2023

Feminist Leadership for Women in CSOs

Survey for women in leadership
20/04/2023

Research & Project Coordination for a policy study on the state of the EU Pillar of Social Rights

Call for tender
Find all related in the media
In the media
See all

Rapid grocery worker conditions are worsening, states report

by The Grocer 30/05/2023
The findings of our FEPS study on the quick-commerce sector and the conditions of rider workers were picked up by the UK-website 'The Grocer’.

Sluta tro att SD-männen bara skojar om politiken

by AFTONBLADET 30/05/2023
'Stop thinking that the SD men are just joking about politics. When changes happen, they happen at lightning speed' Ania Skrzypek interviewed in this Swedish article about the Polish case

A szmogtól és a mikroműanyagoktól rettegő magyarok akkor vehetők rá a zöldítésre, ha egyénileg jól járnak

by Qubit 22/05/2023
'Hungarians who fear smog and microplastics can be persuaded to go green if they are doing well individually' article about FEPS policy study 'Talking green in Hungary'Hungary', in collaboration with Friedrich-Ebert-Stiftung and Policy Solutions

Magyarországon már kínos lett a “rezsicsökkentés”

by Népszava 22/05/2023
'"Utility reduction" has already become embarrassing in Hungary' Népszava article about FEPS policy study 'Talking green in Hungary', in collaboration with Friedrich-Ebert-Stiftung and Policy Solutions