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Secretary-General of ASEAN, H.E. Dr. Kao Kim Hourn, received a courtesy call by H.E. Sergei Glazyev, Member of the Board – Minister in charge of Integration and Macroeconomics of the Eurasian Economic Commission at the ASEAN Secretariat today.
Image Credit: ASEAN Secretariat/Kusuma Pandu Wijaya
Eric Parrado, Superintendent of Banks and Financial Institutions of Chile; Young Global Leader; Global Agenda Council on Latin America at the World Economic Forum on Latin America in Riviera Maya, Mexico 2015. Copyright by World Economic Forum / Benedikt von Loebell
Workshops on Bounded Rationality in Choice, Firms in the Global Economy, International Capital Flows, and Theoretical and Experimental Macroeconomics.
About the Barcelona GSE Summer Forum: j.mp/SummerForumBarcelonaGSE
Jim Woods, Leader, Global Risk Assurance, PwC, Hong Kong SAR during the Session: " Press Conference: Launching PwC's report on the macroeconomic impact of Artificial Intelligence " at the World Economic Forum - Annual Meeting of the New Champions in Dalian, People's Republic of China 2017. Copyright by World Economic Forum / Benedikt von Loebell
Participants at the World Economic Forum on Latin America in Riviera Maya, Mexico 2015. Copyright by World Economic Forum / Benedikt von Loebell
6 June 2017 – OECD Forum 2017. Session: No Ordinary Disruption. OECD, Paris, France.
Moderator
Cyrille Lachèvre, Macroeconomics Reporter, L’Opinion, France
Speakers
Jacob Bundsgaard, Mayor of Aarhus, Denmark
Richard Dobbs, Senior Partner, McKinsey & Company; Director, McKinsey Center for Government
Isabelle Falque-Pierrotin, President, CNIL, France
Diego Piacentini, Government Commissioner for the Digital Agenda, Italy
Christoph Steck, Director Public Policy & Internet, Telefonica
Davor Ivo Stier, Deputy Prime Minister & Minister of Foreign and European Affairs, Croatia (tbc)
Photo: OECD/Mariano Bordon
Secretary-General of ASEAN, H.E. Dr. Kao Kim Hourn, received a courtesy call by H.E. Sergei Glazyev, Member of the Board – Minister in charge of Integration and Macroeconomics of the Eurasian Economic Commission at the ASEAN Secretariat today.
Image Credit: ASEAN Secretariat / Kusuma Pandu Wijaya
Workshops on Bounded Rationality in Choice, Firms in the Global Economy, International Capital Flows, and Theoretical and Experimental Macroeconomics.
About the Barcelona GSE Summer Forum: j.mp/SummerForumBarcelonaGSE
Anoop Singh, Director of the Asia and Pacific Department at the International Monetary macroeconomic, surveillance, and crisis management issues. (Feng Feng/Asia Society)
Group portrait of Ms. Juliana Ratovoson, Interim President, Pan African of Youth Union; Raymond Gilpin, Chief Economist, and Head, Strategy, Research and Analysis, United Nations Development Program (UNDP) and Dr. Hanan Morsy, Director of Macroeconomic Policy, Forecasting and Research Department of African Development Bank (AfDB) during African Economic Conference (AEC) 2019 - Plenary session 1 - High - Level Panel on Youth Employment, Skills, and Entrepreneurship for Africa's Development (AFDB, ECA, and UNDP) on December 02, 2019, in Sharm el-Sheikh, Egypt.
Graphic shows how, in a series of steps, mortgages are sold by one bank to another entity, bundled together and sold to investors as private, bond-like investments.
The drop in housing prices triggered a domino effect on the entire financial system, largely because of massive loan defaults and the widespread investments in mortgage-backed securities.
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Read more in Knowable Magazine
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Q&A — Economist Antoinette Schoar: Economist Antoinette Schoar and colleagues found that middle-class homebuyers had more to do with 2008’s real estate crash than the less-wealthy consumers usually blamed for it.
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Take a deeper dive: Selected scholarly reviews
Special Article Collection: Financial Economics
The financial system has undergone far-reaching changes since the global financial crisis of 2007-2009. Read over 20 carefully curated articles in the Annual Review of Financial Economics.
www.annualreviews.org/page/fin-econ
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On Monday, June 6, 2016, Federal Reserve Board Chair Janet Yellen spoke to members, guests, and students at a World Affairs Council of Philadelphia luncheon event.
Janet L. Yellen took office as Chair of the Board of Governors of the Federal Reserve System on February 3, 2014, for a four-year term ending February 3, 2018. Dr. Yellen also serves as Chairman of the Federal Open Market Committee, the System's principal monetary policymaking body. Prior to her appointment as Chair, Dr. Yellen served as Vice Chair of the Board of Governors, taking office in October 2010, when she simultaneously began a 14-year term as a member of the Board that will expire January 31, 2024.
Dr. Yellen is Professor Emeritus at the University of California at Berkeley where she was the Eugene E. and Catherine M. Trefethen Professor of Business and Professor of Economics and has been a faculty member since 1980.
Dr. Yellen took leave from Berkeley for five years starting August 1994. She served as a member of the Board of Governors of the Federal Reserve System through February 1997, and then left the Federal Reserve to become chair of the Council of Economic Advisers through August 1999. She also chaired the Economic Policy Committee of the Organization for Economic Cooperation and Development from 1997 to 1999. She also served as President and Chief Executive Officer of the Federal Reserve Bank of San Francisco from 2004 to 2010.
Dr. Yellen is a member of both the Council on Foreign Relations and the American Academy of Arts and Sciences. She has served as President of the Western Economic Association, Vice President of the American Economic Association and a Fellow of the Yale Corporation.
Dr. Yellen graduated summa cum laude from Brown University with a degree in economics in 1967, and received her Ph.D. in Economics from Yale University in 1971. She received the Wilbur Cross Medal from Yale in 1997, an honorary doctor of laws degree from Brown in 1998, and an honorary doctor of humane letters from Bard College in 2000.
An Assistant Professor at Harvard University from 1971 to 1976, Dr. Yellen served as an Economist with the Federal Reserve's Board of Governors in 1977 and 1978, and on the faculty of the London School of Economics and Political Science from 1978 to 1980.
Dr. Yellen has written on a wide variety of macroeconomic issues, while specializing in the causes, mechanisms, and implications of unemployment.
Workshops on Bounded Rationality in Choice, Firms in the Global Economy, International Capital Flows, and Theoretical and Experimental Macroeconomics.
About the Barcelona GSE Summer Forum: j.mp/SummerForumBarcelonaGSE
Leading economists gather at the University of Chicago for the second half of the Conference for the Handbook of Macroeconomics, Volume 2.
Luis Videgaray Caso, Minister of Finance and Public Credit of Mexico at the World Economic Forum on Latin America in Riviera Maya, Mexico 2015. Copyright by World Economic Forum / Benedikt von Loebell
After sustained and strong development in the 1960s and 1970s, the Caribbean’s economic growth has been slow over the past two decades. Caribbean nations are confronting a range of deep macroeconomic, financial, and structural challenges, as well as persistent violent crime, high energy costs, constrained access to credit, the high cost of doing business, and frequent natural disasters. In the face of these many obstacles, what is the path to unleashing growth and strengthening resilience in the Caribbean?
The Inter-American Dialogue is pleased to partner with the International Monetary Fund (IMF) to host a panel of experts for a discussion focused on structural impediments to sustained economic growth in the Caribbean.
Workshops on Bounded Rationality in Choice, Firms in the Global Economy, International Capital Flows, and Theoretical and Experimental Macroeconomics.
About the Barcelona GSE Summer Forum: j.mp/SummerForumBarcelonaGSE
Portrait of Dr. Hanan Morsy, Director, Macroeconomic Policy, Forecasting, and Research Department, African Development Bank and Dr. Barassou Diawara, Knowledge Management Expert, and co-ordinator, Africa Think Tank Network, African Capacity Building Foundation while discussing during African Economic Conference (AEC) 2019 - Plenary Session 5 - The Future of Work for Youth Challenges, Opportunities, Policies on December 4, 2019, at Sharm el-Sheikh, Egypt.
unctad.org/Symposium2013 - Delegate E.Fels attends the first plenary session, which discusses "Macroeconomic and Financial Governance on the Road to 2015" at the UNCTAD PubIic Symposium - Geneva, Switzerland, June 24. The Symposium lasts two days as delegates, representatives, government officials and interested observers from international backgrounds flock to engage in an open and interactive dialogue on key trade and development issues.
6 June 2017 – OECD Forum 2017. Session: No Ordinary Disruption. OECD, Paris, France.
Moderator
Cyrille Lachèvre, Macroeconomics Reporter, L’Opinion, France
Speakers
Jacob Bundsgaard, Mayor of Aarhus, Denmark
Richard Dobbs, Senior Partner, McKinsey & Company; Director, McKinsey Center for Government
Isabelle Falque-Pierrotin, President, CNIL, France
Diego Piacentini, Government Commissioner for the Digital Agenda, Italy
Christoph Steck, Director Public Policy & Internet, Telefonica
Davor Ivo Stier, Deputy Prime Minister & Minister of Foreign and European Affairs, Croatia (tbc)
Photo: OECD/Mariano Bordon
Workshops on Bounded Rationality in Choice, Firms in the Global Economy, International Capital Flows, and Theoretical and Experimental Macroeconomics.
About the Barcelona GSE Summer Forum: j.mp/SummerForumBarcelonaGSE
Secretary-General of ASEAN, H.E. Dr. Kao Kim Hourn, received a courtesy call by H.E. Sergei Glazyev, Member of the Board – Minister in charge of Integration and Macroeconomics of the Eurasian Economic Commission at the ASEAN Secretariat today.
Image Credit: ASEAN Secretariat/Kusuma Pandu Wijaya
Secretary-General of ASEAN, H.E. Dr. Kao Kim Hourn, received a courtesy call by H.E. Sergei Glazyev, Member of the Board – Minister in charge of Integration and Macroeconomics of the Eurasian Economic Commission at the ASEAN Secretariat today.
Image Credit: ASEAN Secretariat/Kusuma Pandu Wijaya
unctad.org/Symposium2013 - Delegates follow the first plenary session which discusses "Macroeconomic and Financial Governance on the Road to 2015" at the UNCTAD PubIic Symposium - Geneva, Switzerland, June 24. The Symposium lasts two days as delegates, representatives, government officials and interested observers from international backgrounds flock to engage in an open and interactive dialogue on key trade and development issues.
Secretary-General of ASEAN, H.E. Dr. Kao Kim Hourn, received a courtesy call by H.E. Sergei Glazyev, Member of the Board – Minister in charge of Integration and Macroeconomics of the Eurasian Economic Commission at the ASEAN Secretariat today.
Image Credit: ASEAN Secretariat/Kusuma Pandu Wijaya
The Macro Financial Modeling Initiative hosted its second MFM Summer Session for Young Scholars on June 18-22, 2017 in Bretton Woods, New Hampshire, at the site of the historic 1944 United Nations Monetary and Financial Conference. The session was designed for those interested in building macroeconomic models with enhanced linkages to the financial sector. It was open to doctoral students in economics and related fields as well as early-career professionals working in this area.
6 June 2017 – OECD Forum 2017. Session: No Ordinary Disruption. OECD, Paris, France.
Moderator
Cyrille Lachèvre, Macroeconomics Reporter, L’Opinion, France
Speakers
Jacob Bundsgaard, Mayor of Aarhus, Denmark
Richard Dobbs, Senior Partner, McKinsey & Company; Director, McKinsey Center for Government
Isabelle Falque-Pierrotin, President, CNIL, France
Diego Piacentini, Government Commissioner for the Digital Agenda, Italy
Christoph Steck, Director Public Policy & Internet, Telefonica
Davor Ivo Stier, Deputy Prime Minister & Minister of Foreign and European Affairs, Croatia (tbc)
Photo: OECD/Mariano Bordon
Irish Finance Minister and President of the Eurogroup Paschal Donohoe (2-L) accompanied by European Commissioner for Economy Paolo Gentiloni (L), Managing Director of the European Stability Mechanism Klaus Regling (R), and the President of the European Central Bank (ECB) Christine Lagarde (2-R), attend a joint press conference after the Eurogroup meeting under the Portuguese Presidency of the Council, in Lisbon, Portugal, 21 May 2021. Finance Ministers will discuss macroeconomic and fiscal developments in the euro area and analyze the functioning of adjustment mechanisms, adoption of the Eurogroup work program for the second half of 2021 and listen to the reports of the presidents of the Supervisory Board of the European Central Bank (ECB) and the Single Resolution Board. ANTONIO PEDRO SANTOS/LUSA
To what extent can we prepare for the global shifts reshaping our world? How should we respond to digitalisation, urbanisation, resource scarcity and economic power shifts? Will futureproofing today make for a better tomorrow? The Megatrends session explored global macroeconomic and geostrategic forces that are shaping the region and our world in significant ways. It was recorded before a live audience who asked questions directly to the panelists, and was later transmitted for the EBRD podcast series. This panel aimed to expose the depth and complexity of these Megatrends which will require innovative and collaborative solutions at the local, national, regional and international levels. With the help of five well-known thought leaders, the session discussed the major trends, their drivers, opportunities and risks, as well as explored what actions might help to manage the waves of disruptive transitions.
Moderator
Jonathan Charles
Managing Director, Communications, EBRD
Speakers
Neil Buckley
Chief Leader Writer, Financial Times Ltd.
Sergei Guriev
Chief Economist, EBRD
Tim Judah
Reporter, The Economist / Fellow at IWM - Institute for Human Sciences
Alexia Latortue
Managing Director, Corporate Strategy, EBRD
Kerrie Law
Associate, Corporate Strategy, EBRD
Asian Development Bank (ADB) President Takehiko Nakao and his team discussed with Socioeconomic Planning Secretary Ernesto M. Pernia, the country’s macroeconomic prospects, specific sectoral policies, and the ADB’s plans and ongoing projects for the Philippines, during a courtesy call last August 7 in NEDA Central Office, Pasig City.
Pernia said that the country is expected to grow between 6.5 and 6.7 percent for 2016, citing that the 5.1 percent needed for the second semester to achieve a 6 percent growth is very much achievable.
For fiscal policies, Pernia said that government will continue the good performance of the previous administration, but will improve taxation to make it progressive, more equitable and competitive.
A tax policy reform bill will also be submitted to Congress within the year and will be composed of three packages. The first package, which covers personal income will be submitted to Congress in November at the latest and is hoped to take effect in the second quarter of 2017. This will be compensated by new taxes on oil and other items and will result in PHP167 billion net income.
On other issues and policies, Pernia said that the budget for infrastructure will be increased to 5 percent and subsequently to 7 percent. On agriculture, he said the government also needs to diversify the sector in order to produce high-value products instead of trying to achieve rice self-sufficiency.
Currently, ADB is working with the Philippines on several social protection initiatives such as the conditional cash transfer, water projects, and community-driven financing. On infrastructure, ADB is also engaged with government on the south line of the North-South Railway Project.
The organization is also planning to provide policy-based lending for local government finance and for the Mindanao road project.
On Monday, June 6, 2016, Federal Reserve Board Chair Janet Yellen spoke to members, guests, and students at a World Affairs Council of Philadelphia luncheon event.
Janet L. Yellen took office as Chair of the Board of Governors of the Federal Reserve System on February 3, 2014, for a four-year term ending February 3, 2018. Dr. Yellen also serves as Chairman of the Federal Open Market Committee, the System's principal monetary policymaking body. Prior to her appointment as Chair, Dr. Yellen served as Vice Chair of the Board of Governors, taking office in October 2010, when she simultaneously began a 14-year term as a member of the Board that will expire January 31, 2024.
Dr. Yellen is Professor Emeritus at the University of California at Berkeley where she was the Eugene E. and Catherine M. Trefethen Professor of Business and Professor of Economics and has been a faculty member since 1980.
Dr. Yellen took leave from Berkeley for five years starting August 1994. She served as a member of the Board of Governors of the Federal Reserve System through February 1997, and then left the Federal Reserve to become chair of the Council of Economic Advisers through August 1999. She also chaired the Economic Policy Committee of the Organization for Economic Cooperation and Development from 1997 to 1999. She also served as President and Chief Executive Officer of the Federal Reserve Bank of San Francisco from 2004 to 2010.
Dr. Yellen is a member of both the Council on Foreign Relations and the American Academy of Arts and Sciences. She has served as President of the Western Economic Association, Vice President of the American Economic Association and a Fellow of the Yale Corporation.
Dr. Yellen graduated summa cum laude from Brown University with a degree in economics in 1967, and received her Ph.D. in Economics from Yale University in 1971. She received the Wilbur Cross Medal from Yale in 1997, an honorary doctor of laws degree from Brown in 1998, and an honorary doctor of humane letters from Bard College in 2000.
An Assistant Professor at Harvard University from 1971 to 1976, Dr. Yellen served as an Economist with the Federal Reserve's Board of Governors in 1977 and 1978, and on the faculty of the London School of Economics and Political Science from 1978 to 1980.
Dr. Yellen has written on a wide variety of macroeconomic issues, while specializing in the causes, mechanisms, and implications of unemployment.
Workshops on Bounded Rationality in Choice, Firms in the Global Economy, International Capital Flows, and Theoretical and Experimental Macroeconomics.
About the Barcelona GSE Summer Forum: j.mp/SummerForumBarcelonaGSE
2021-12-04: Image of (L-R) Eric Ogunleye, Advisor to the Vice President and Chief Economist, AfDB; Dr. Olavo Avelino Garcia Correia, Vice- President Minister and Minister of Finance, Cabo Verde; Ahunna Eziakonwa, Assistant Administrator and Director of UNDP Regional Bureau for Africa Closing Remarks and Bartholomew Armah, Director, Macroeconomics and Governance Division, UNECA in a meeting speaking during AEC 2021 - Closing Ceremony.
6 June 2017 – OECD Forum 2017. Session: No Ordinary Disruption. OECD, Paris, France.
Moderator
Cyrille Lachèvre, Macroeconomics Reporter, L’Opinion, France
Speakers
Jacob Bundsgaard, Mayor of Aarhus, Denmark
Richard Dobbs, Senior Partner, McKinsey & Company; Director, McKinsey Center for Government
Isabelle Falque-Pierrotin, President, CNIL, France
Diego Piacentini, Government Commissioner for the Digital Agenda, Italy
Christoph Steck, Director Public Policy & Internet, Telefonica
Davor Ivo Stier, Deputy Prime Minister & Minister of Foreign and European Affairs, Croatia (tbc)
Photo: OECD/Mariano Bordon
Eric Parrado, Superintendent of Banks and Financial Institutions of Chile; Young Global Leader; Global Agenda Council on Latin America at the World Economic Forum on Latin America in Riviera Maya, Mexico 2015. Copyright by World Economic Forum / Benedikt von Loebell
Workshops on Bounded Rationality in Choice, Firms in the Global Economy, International Capital Flows, and Theoretical and Experimental Macroeconomics.
About the Barcelona GSE Summer Forum: j.mp/SummerForumBarcelonaGSE
2022-12-10: Mr. Yuvan Beejadhur, Senior Adviser to the Director-General, Office of the Director-General, World Trade Organization (WTO) addresses in the presence of Dr. Adam Elhiraika, Director, Macroeconomics and Governance Division, UNECA and Dr. Hanan Morsy, Deputy Executive Secretary and Chief Economist, United Nations Economic Commission for Africa (UNECA)during AEC- Plenary Session, National to Regional Blue Bonds.
Turkey’s economic and social performance since 2000 has been impressive. However, more recently the country has faced a number of internal and external challenges, notably macroeconomic imbalances, geopolitical uncertainties, changing patterns of global capital and trade flows, and the effects of climate change.
These challenges have tested investor confidence and by the summer of 2018 there has been a significant depreciation of the Turkish lira.
After the formation of the new Government, the authorities responded with appropriate coordinated policy action. Monetary policy was tightened substantially and the New Economic Programme was introduced. This resulted in macroeconomic stabilisation, but at the cost of a sharp slowdown in economic activity.
Meanwhile, the private sector in Turkey is deleveraging. Credit growth, which had been an important catalyst for economic growth in the past, is unlikely to pick up quickly. In the EBRD’s view, the outlook for the medium term is for growth to be below trend.
After local elections in March 2018, the authorities have a four-year window with no scheduled polls on the horizon. They are now considering a range of structural reforms to ensure a more sustainable medium and long-term growth path for the economy. This year’s Investment Outlook Session explored this question from the perspective of a top-level Turkish policymaker.
Moderator
Arvid Tuerkner
Managing Director, Turkey, EBRD - Istanbul
Speakers
Berat Albayrak
Minister, Ministry of Treasury and Finance
PHOTO BY ANEEL KARIM
(Left to right) Professors Robert Barro, Patricia Mohammed, Head of Graduate Studies at The University of the West Indies (UWI) St Augustine Campus, and Patrick Watson, Director of The UWI Sir Arthur Lewis Institute of Social & Economic Studies (SALISES), at Professor Barro's lecture on “Macroeconomic Effects from Government Purchases and Taxes”, the highlight of the SALISES 11th annual conference, which took place from March 24th to 26th, 2010.
The lecture took place on Wednesday 24th March at 6.30 p.m. in the Daaga Auditorium, UWI St. Augustine Campus.
Professor Robert Barro, Paul M. Warburg Professor of Economics, Harvard University, is one of the most distinguished living economists. He has published many influential books and articles, including some of the most popular textbooks used by students of Economics.
The 2010 SALISES Conference, themed “Turmoil and turbulence in small developing states: Going beyond survival,” was officially opened at a formal ceremony on Wednesday 24th March, 2010 at 9.00 a.m. at the Hyatt Regency Hotel, Port of Spain.
For more information, please contact Francine Alleyne at Francine.Alleyne@sta.uwi.edu or (868) 662-2002 Ext. 2038/2391/2392.
For the latest UWI News, click sta.uwi.edu/news.