Macro policies after the crisis

Macro and Growth Policies in the Wake of the Crisis

IMF, Washington, DC, March 7 and 8, 2011

"The crisis has clearly shown both the limits of markets and the limits of government intervention. It is time to take stock, and draw a first set of lessons. Given the IMF’s mandate to advise its 187 member countries on economic and financial policies, it needs to be at the forefront of this effort. I look forward to this important conference."
--Olivier Blanchard
Introductory video by Olivier Blanchard

Program

 

	March 7, 2011
8:45–9:00am	Opening remarks: Dominique Strauss-Kahn Watch the video
9:00–10:30am	SESSION I: Monetary Policy Watch the video Chair Adam Posen Discussants Olivier Blanchard Monetary Policy in the Wake of the Crisis Guillermo Ortiz Comments on Inflation Targeting, Financial Stability and Monetary and Fiscal Policies How should the crisis affect our views of monetary policy? Otmar Issing Lessons for Monetary Policy: What should be Consensus? Lessons for Monetary Policy Joseph Stiglitz
10:30–11:00am	Coffee break
11:00–12:30pm	SESSION II: Fiscal Policy Watch the video Chair Kemal Dervis Discussants Partho Shome Fiscal Stimulii and Consolidation: Recent Examples Fiscal Stimulii and Consolidation David Romer What Have Learned About Fiscal Policy From the Crisis? Sri Mulyani Indrawati Robert Solow IMF Talk
12:30–2:00pm	Luncheon, “Address by John Lipsky, First Deputy Managing Director, International Monetary Fund” Watch the video
2:00–3:30pm	SESSION III: Financial Intermediation and Regulation Watch the video Chair Antonio Borges Discussants Jacob A. Frenkel Y. Venugopal Reddy Financial Crisis and Financial Intermediation – Asking Different Questions Hyun Song Shin Global Liquidity Global Liquidity Adair Turner Measures of increasing financial intensity How should the crisis affect our views about financial intermediation?
3:30–4:00pm	Coffee Break
4:00–5:30pm	SESSION IV: Capital Account Management Watch the video Chair Zanny Minton-Beddoes Discussants Ricardo Caballero Notes on Capital Account Management Arminio Fraga Rakesh Mohan IMF Macro Conference José Antonio Ocamp

March 8, 2011

8:15–9:00am
9:00–10:30am	SESSION V: Growth Strategies Watch the video Chair George Akerlof Discussants Dani Rodrik Comments at the Macro and Growth Policies in the Wake of the Crisis IMF Macro Conference Paul Romer The Dynamics of Rules Andrew Sheng Is the Chinese Growth Model Replicable? Michael Spence Growth in the Post-Crisis World Growth in the Post Crisis World
10:30–11:00am	Coffee Break
11:00–12:30pm	SESSION VI: The International Monetary System Watch the video Chair John Williamson Discussants Már Guðmundsson Olivier Jeanne Macro and Growth Policies in the Wake of the Crisis Charles Collyns International Monetary System Reform: A Practical Agenda Maurice Obstfeld Remarks at the International Monetary Fund Conference on “Macro and Growth Policies in the Wake of the Crisis” The International Monetary System
12:30–12:45pm	Closing Remarks: Olivier Blanchard Watch the video