What The Imf Consideres Macro
Via Greg Mankiw's blog, I learned almost the International Monetary Fund conference on "Rethinking Macro Policy." See the announcement as well as programme here. I reproduce the programme below.
I respect this most striking every bit a reflection on what the International Monetary Fund considers "macro." Yes, they accept the whole spectrum, indeed, all the agency from Geroge Akerlof as well as Joe Stiglitz on the far left halt of traditional Keynesian economics, to... Olivier Blanchard as well as David Romer on the pretty-far left halt of somewhat new-Keynesian economics?
Don't decease me wrong, these are all real smart people, inward the whole programme as well as the lastly panel. Akerlof was 1 of my thesis advisers, as well as a lot of what I learned from him sticks amongst me today. But really, this is the entire spectrum of macro? Has anyone heard of, oh, Lucas, Sargent, Sims, Prescott as well as all their many descendants? Especially if the projection is to "rethink," would non but about slight broadening of a spectrum accept made sense?
It is a sudden lesson inward the make of ideas that the International Monetary Fund volition convey to anything they do.
I respect this most striking every bit a reflection on what the International Monetary Fund considers "macro." Yes, they accept the whole spectrum, indeed, all the agency from Geroge Akerlof as well as Joe Stiglitz on the far left halt of traditional Keynesian economics, to... Olivier Blanchard as well as David Romer on the pretty-far left halt of somewhat new-Keynesian economics?
Don't decease me wrong, these are all real smart people, inward the whole programme as well as the lastly panel. Akerlof was 1 of my thesis advisers, as well as a lot of what I learned from him sticks amongst me today. But really, this is the entire spectrum of macro? Has anyone heard of, oh, Lucas, Sargent, Sims, Prescott as well as all their many descendants? Especially if the projection is to "rethink," would non but about slight broadening of a spectrum accept made sense?
It is a sudden lesson inward the make of ideas that the International Monetary Fund volition convey to anything they do.
International Monetary Fund Headquarters 2
Conference Hall 1
Tuesday, Apr 16, 2013
Conference Hall 1
Tuesday, Apr 16, 2013
| 2:00–2:45pm | Registration |
| 2:45–3:00pm | Opening remarks: Christine Lagarde |
| 3:00–4:30pm | SESSION I: Monetary Policy Chair Janet Yellen Discussants Lorenzo Bini-Smaghi Mervyn King Mike Woodford |
| 4:30–5:00pm | Coffee break |
| 5:00–6:30pm | SESSION II: Macroprudential Policies Chair Andy Haldane Discussants Claudio Borio Stanley Fischer Choongsoo Kim |
International Monetary Fund Headquarters 2
Conference Hall 1
Wednesday, Apr 17, 2013
Conference Hall 1
Wednesday, Apr 17, 2013
| 8:15–9:00am | Registration/Continental Breakfast |
| 9:00–10:30am | SESSION III: Financial Regulation Chair Sheila Bair Discussants Jeremy Stein Jean Tirole John Vickers |
| 10:30–11:00am | Coffee Break |
| 11:00–12:30pm | SESSION IV: Fiscal Policy Chair Janice Eberly Discussants Anders Borg Roberto Perotti Nouriel Roubini |
| 2:00–3:30pm | SESSION V: Exchange Rate Arrangements Chair AgustÃn Carstens Discussants Jay Shambaugh Martin Wolf Gang Yi |
| 3:30–4:00pm | ***Coffee Break*** |
| 4:00–5:30pm | SESSION VI: Capital Account Management Chair Duvvuri Subbarao Discussants Philipp Hildebrand Márcio The Netherlands de Brito Hélène Rey |
| 5:30–6:30pm | PANEL DISCUSSION George Akerlof Olivier Blanchard David Romer Joseph Stiglitz |
| 6:30–8:30pm | ***Cocktail Reception *** (Venue: HQ2 Second Floor) |
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