Conference report: Macroeconomic Cooperation and the International Monetary System

Watch the Full video of the public panel   Introduction While the International Financial Institutions […]

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
13/02/2025

Transforming housing policy in war-affected ukraine

Progressive Ukraine series
13/02/2025

Impoverished motherhood in Ukraine

Progressive Ukraine series
13/02/2025

In search of the progressive paths to rebuild Ukraine

Progressive Ukraine series
13/02/2025

Strengthening Ukraine’s health care for a resilient future

Progressive Ukraine series
Find all related news
News
10/02/2025

FEPS joins BlueSky – follow our new account! 

When misinformation and disinformation run rampant, we resist attempts to bully users off certain platforms. […]
07/02/2025

FEPS President on the European car industry and the Competitive Compass on Euronews ‘Brussels, my love?’

FEPS President Maria João Rodrigues took part in the Euronews talk show ‘Brussels, my love?‘ […]
29/01/2025

Lithuanian Prime Minister Gintautas Paluckas awarded FEPS ‘Progressive Person of the Year’

FEPS Progressive Person of the Year 2024-2025
15/01/2025

Launch of the new Open Progressive University’s Ukraine programme!

We have launched the new programme ‘Progressive Ukraine’ in collaboration with S&D Group as part […]
Find all related in the media
In the media

Foundation for European Progressive Studies recommends introduction of minimum tax on capital income in EU

07/02/2025
In its 'Europe Daily Bulletin', the press agency Agence Europe features FEPS’ latest policy study, 'Tackling Tax Avoidance', which underscores the need for a minimum tax on capital income in the EU.

Nedostatak brižnosti

by Vox Feminae 04/02/2025
"Lack of care" The Croatian feminist magazine Vox Feminae highlights the chapter by Annica Kronsell in FEPS book "A new Gender Equality Contract for Europe", which is dedicated to imagining a new gender contract for the climate

Suomi on poikkeuksellisen herkkä menettämään verotuloja muiden maiden verohelpotusten takia

by Helsingin Sanomat 04/02/2025
Discussing the findings from the policy study "Tackling tax avoidance" with Kalevi Sorsa Foundation

Brussels promises to make red tape disappear – Brussels my love

by Euronews 03/02/2025
FEPS President Maria João Rodrigues participated in this episode of Euronews’ show ‘Brussels my love’ on EU car industry, the cost of living, inflation, and public transport.