The International Monetary Fund 's Managing Director, Dominique Strauss-Kahn speaks to the Tenth Annual Jacques Polak Research Conference at the IMF headquarters in Washington, DC, on November 5, 2009. The conference is intended to provide a forum for discussing innovative research in economics, undertaken both by IMF staff and by outside economists, and to facilitate the exchange of views among researchers and policy makers. The theme of this year?s Annual Research Conference is "Financial Frictions and Macroeconomic Adjustment" and promises to be an exciting opportunity to discuss topical issues in light of the crisis. IMF Staff Photo/Thomas Dooley.

Leading economists gather at the University of Chicago for the second half of the Conference for the Handbook of Macroeconomics, Volume 2.

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

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

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

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

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

©Kristinn Ingvarsson

Doktorsvörn við Hagfræðideild: Áhrif skyndilegra breytinga í hagkerfi á heilsu og heilsutengda hegðun.

Föstudaginn 12. ágúst 2016 varði Þórhildur Ólafsdóttir doktorsritgerð sína við Hagfræðideild á Félagsvísindasviði. Ritgerðin nefndist: Áhrif skyndilegra breytinga í hagkerfi á heilsu og heilsutengda hegðun (Health and health behavior responses to macroeconomic shocks).

Andmælendur voru Dr. Mickael Bech, forstjóri KORA og prófessor í heilsuhagfræði í Danmörku, og Dr. Inas Kelly, prófessor í hagfræði við Queens College við City University of New York.

Leiðbeinandi var dr. Tinna Laufey Ásgeirsdóttir, prófessor í hagfræði við Háskóla Íslands. Ásamt henni sátu í doktorsnefnd dr. Michael Grossman, prófessor í hagfræði við City University of New York, dr. Birgir Hrafnkelsson, prófessor við Raunvísindadeild, og dr. Gylfi Zoega, prófessor í hagfræði við Háskóla Íslands.

Dr. Þórólfur Matthíasson, varadeildarforseti Hagfræðideildar, stjórnaði athöfninni.

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

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

Group photo op after class, outside the Institute for Economic Analysis (IAE), Bellaterra Campus (UAB).

Leading economists gather at the University of Chicago for the second half of the Conference for the Handbook of Macroeconomics, Volume 2.

unctad.org/Symposium2013 -Plenary Session I: Macroeconomic and Financial Governance on the Road To 2015

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

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

The winter 2016 meeting was hosted by the Volatility Institute at New York University's Stern School of Business. This meeting featured sessions on the role of the housing market in the macroeconomy, the impact of big data and machine learning on macroeconomic research, and the potential of innovation contests to push macroeconomic modeling into new and exciting territory.

Welcome to the BSE Alumni community!

The conference presented theoretical and quantitative papers about default, maturity, dilution, and inflation, as well as fiscal policy design and modeling.

Papers represented a diversity of approaches in terms of model assumptions and features, but a common thread will be the use of modern dynamic macroeconomic theory to understand historical events and contemporary choices.

Leading economists gather at the University of Chicago for the second half of the Conference for the Handbook of Macroeconomics, Volume 2.

The International Monetary Fund 's Managing Director, Dominique Strauss-Kahn speaks to the Tenth Annual Jacques Polak Research Conference at the IMF headquarters in Washington, DC, on November 5, 2009. The conference is intended to provide a forum for discussing innovative research in economics, undertaken both by IMF staff and by outside economists, and to facilitate the exchange of views among researchers and policy makers. The theme of this year?s Annual Research Conference is "Financial Frictions and Macroeconomic Adjustment" and promises to be an exciting opportunity to discuss topical issues in light of the crisis. IMF Staff Photo/Thomas Dooley.

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

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

In this talk to MBA students, Robert Topel shared insights from his work investigating the links between human capital development, inequality of outcomes and opportunities, and macroeconomic growth. - See more at: bfi.uchicago.edu/events/2014-15-becker-brown-bag-series

Leslie Elizabeth TORRES, Consultant, Germany on "Towards an environmentally-adjusted macroeconomic index"

Leading economists gather at the University of Chicago for the second half of the Conference for the Handbook of Macroeconomics, Volume 2.

Leslie Elizabeth TORRES, Consultant, Germany on "Towards an environmentally-adjusted macroeconomic index"

02.02.02 Nicaragua.

Coffee drying and sorting near Managua

The Pacific Coast of Nicaragua was settled as a Spanish colony from Panama in the early 16th century. Independence from Spain was declared in 1821 and the country became an independent republic in 1838. Britain occupied the Caribbean Coast in the first half of the 19th century, but gradually ceded control of the region in subsequent decades. Violent opposition to governmental manipulation and corruption spread to all classes by 1978 and resulted in a short-lived civil war that brought the Marxist Sandinista guerrillas to power in 1979. Nicaraguan aid to leftist rebels in El Salvador caused the US to sponsor anti-Sandinista contra guerrillas through much of the 1980s. Free elections in 1990, 1996, and again in 2001 saw the Sandinistas defeated. The country has slowly rebuilt its economy during the 1990s, but was hard hit by Hurricane Mitch in 1998.

Nicaragua, one of the hemisphere's poorest countries, faces low per capita income, flagging socio-economic indicators, and huge external debt. Distribution of income is one of the most unequal on the globe. While the country has made progress toward macroeconomic stability over the past few years, a banking crisis and scandal has shaken the economy. Nicaragua will continue to be dependent on international aid and debt relief under the Heavily Indebted Poor Countries (HIPC) initiative. Donors have made aid conditional on the openness of government financial operation, poverty alleviation, and human rights. Nicaragua met the conditions for additional debt service relief in December 2000. Growth should move up moderately in 2003 because of increased private investment and exports.

The Becker Friedman Institute hosted a conference in honor of Robert E. Lucas Jr. Oct. 7-8, 2016, followed by a dinner where he received the prestigious Phoenix Prize from the University of Chicago DIvision of Social Sciences.

2022-09-12: In a group photograph with (L-R), Marit Kitaw, Interim Director of the African Minerals Development Center (AMDC); Ms. Ahunna Eziakonwa, Assistant Secretary-General and Director of UNDP's Regional Bureau for Africa; H.E. Pravind Kumar Jugnauth, Prime Minister of Mauritius; Kevin Chika Urama, Acting Chief Economist and VP for Economic Governance and Knowledge Management, AfDB; Hon. Renganaden Padayachy, Minister of Finance, Economic Planning, and Development, in Mauritius; Dr. Hanan Morsy, Director, Macroeconomic Policy, Forecasting and Research Department, African Development Bank; (Back row), Vincent Nmehielle, Secretary-General, African Development Bank; Hon. Mr. Gerard Pascal Bussier, Deputy Financial Secretary at the Ministry of Finance and Economic Development of the Government of Mauritius during the AEC- Opening Ceremony.

Workshops on Learning in Macroeconomics and Finance, Macro and Micro Perspectives on Taxation, Time Series Analysis in Macro and Finance, and Understanding Civil Conflict.

About the Barcelona GSE Summer Forum: j.mp/SummerForumBarcelonaGSE

Machine learning techniques are being actively pursued in the private sector and have been widely adopted in fields such as computational biology and computer vision. However, the role of machine learning in economics has so far been limited. This workshop was organized to provide a forum to discuss how ideas and techniques from machine learning could be applied to economic questions. The workshop will bring together researchers from computer science, statistics, econometrics and applied economics to foster interactions and discuss different perspectives on statistical learning and its potential impact on economics.

The workshop began with overview talks on machine learning and statistics by researchers from outside of economics. Three following sessions were organized around the themes of causal inference, prediction, and networks and complex data. Each session included the presentation of papers in economics that make use of machine learning methodology, followed by a discussion by researchers from multiple communities.

unctad.org/Symposium2013 - Plenary Session I: Macroeconomic and Financial Governance on the Road To 2015

UNCTAD Public Symposium 24 June 2013

Organized as self-teaching guides, all Demystified titles come complete with key points, background information, end-of-chapter review questions, and even final exams.

During the Opening plenary the noted feminist economist - Prof. Jayati Ghosh from the Jawaharlal Nehru University (left) delivered a keynote speech on Global perspectives, issues and challenges in gender and macroeconomics. The keynote speech was followed by a special address made by the representative of Indian Ministry of Railways, Ms. Dakshita Das, who addressed new ways of looking at budgets and GRB.

18 September 2020. The finance ministers and central bank governors of the Association of Southeast Asian Nations (ASEAN), People’s Republic of China, Japan, and Republic of Korea (ASEAN+3) convened its 23rd meeting online. The ministers and governors discussed recent economic and financial developments in the region and strengthening regional financial cooperation through the Chiang Mai Initiative Multilateralisation (CMIM), ASEAN+3 Macroeconomic Research Office (AMRO), and Asian Bond Markets Initiative (ABMI), among others.

The meeting was held virtually as part of the 53rd Annual Meeting of the ADB Board of Governors (2nd Stage). View the full list of webinars and meetings.

The first stage of the 53rd Annual Meeting comprised a reduced-scale meeting of the Board of Governors on 22 May, during which Governors approved ADB’s financial statements and net income allocation in line with ADB institutional requirements.

Organized as self-teaching guides, all Demystified titles come complete with key points, background information, end-of-chapter review questions, and even final exams.

Organized as self-teaching guides, all Demystified titles come complete with key points, background information, end-of-chapter review questions, and even final exams.

unctad.org/Symposium2013 - Delegates attend 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.

Trinidad and Tobago flag being waved at Notting Hill Carnival 2010.

Trinidad and Tobago was a Spanish colony from the times of Christopher Columbus to 1802, when it was ceded to Britain. The country obtained independence in 1962. Unlike most of the English-speaking Caribbean, Trinidad and Tobago's economy is primarily industrial, with an emphasis on petroleum and petrochemicals. Trinidad and Tobago has a sound macroeconomic framework and a long tradition of institutional stability. It scores relatively well in many of the 10 economic freedoms, and its economy has grown at an average rate of close to 7 percent over the past five years. The government has tried to diversify the economic base, and the country has evolved into a key financial center in the Caribbean region.

Trinidad and Tobago is known for its Carnival and is the birthplace of steelpan, calypso, soca, and limbo.

Workshops on Learning in Macroeconomics and Finance, Macro and Micro Perspectives on Taxation, Time Series Analysis in Macro and Finance, and Understanding Civil Conflict.

About the Barcelona GSE Summer Forum: j.mp/SummerForumBarcelonaGSE

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

Chairperson of the Joint Monitoring and Evaluation Commission (JMEC), Festus G. Mogae, expresses his disappointment at the meeting of JMEC held in South Sudan’s capital Juba on 2 February 2016. “I am slightly disappointed that another date has come and gone…This disappointment stems not solely because a day on a calendar was missed, but because the potential, the opportunity, the possibility of a new government is so close, so vital for this country, that it must be taken, he explained. “Africa has too many lost generations already,” he lamented. “Let us use the opportunity we have had ourselves.”

He point that, today the South Sudanese pound is close to 30 against the US dollar, and pleaded with the parties. “I plead with you to avoid ruin. form the transitional government of national unity without further delay, restore stability, and repair the damage that has been done before it is too late, so that urgent economic assistance can become available.”

He pointed out that sound macroeconomic management in itself will not address South Sudan’s humanitarian crisis. Mogae assured the meeting that he received information from the ceasefire monitoring teams, that people in Mundri are “starving to death” saying that there would be more displacements from Equatoria to neighbouring Uganda and the Democratic Republic of the Congo.

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

Through the Haze: 3 Economists Look at the Next Five Years..Justin Yifu Lin.Senior Vice President and Chief Economist, World Bank..John B. Taylor.Professor of Economics, Stanford University, and Former Undersecretary of the Treasury..Laurence H. Meyer.Senior Managing Director and Co-Founder, Macroeconomic Advisers..Moderator: Kelly Evans, Assistant News Editor, The Wall Street Journal..The Wall Street Journal CFO Network in Washington DC on June 21, 2011. Photo by Paul Morse

Ten years after the 2008 economic recession, the government is ill-prepared to defend itself against the next economic downturn. Interest rates remain low, partisanship remains intractable, and the federal debt is rising at an unprecedented rate. These factors will hamstring traditional monetary and fiscal stimulus.

In his new book, “Law and Macroeconomics,” Yale Law Professor Yair Listokin argues that we can respond more quickly to the next economic crisis by deploying a policy approach whose proven success is too rarely acknowledged: regulation. He proposes that we take seriously the idea that law can function as a macroeconomic tool, capable of stimulating demand when needed and relieving demand when it threatens to overheat economies. And though history has demonstrated that law is an unwieldy instrument of macroeconomic policy, Listokin argues that under certain conditions it offers a vital alternative to the monetary and fiscal policy tools.

On Tuesday, September 10, at an Urban-Brookings Tax Policy Center event, Listokin presented the key findings of his research, and panelists deepened the discussion by addressing the following questions:

What role does the law play in stimulating aggregate demand?

How can laws and regulations complement traditional fiscal and monetary policy approaches to stabilizing the business cycle?

Can regulations act as an effective alternative to fiscal and monetary policy during economic downturn?

Which regulations should lawmakers implement to combat economic shocks?

Photo Credit : Chris Williams

The 2016 MFM Summer Session held June 11–15 gave doctoral students and other early career researchers a thorough grounding in in macroeconomic modeling. Students learned techniques, data sources, evidence, applications, and methods to assess how the financial sector impacts the economy as a whole. The program brought together leading academics and experts who build and use models to manage system risk in financial and policy settings. Speakers presented models and methods in contexts focused on understanding the last financial crisis—and preventing the next one.

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