Macroeconomic Policy and Income Inequality
Workshop
September 18-19, 2014
A two-day workshop co-sponsored by DFID and the IMF on “Macroeconomic Policy and Income Inequality” was held in September 2014 at the IMF headquarters. It brought together academics and policy makers from top institutions around the world. Attendees discussed a wide range of issues and their impacts on inequality including financial deepening, commodity prices, trust and networks in insurance markets, transaction costs, structural transformation, and microfinance, among others. The papers were largely in the tradition of using macroeconomic models linked to micro data to examine distributional questions.
Thursday, September 18th |
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| 9:00-9:15 | Opening Remarks |
9:15-10:30 |
"Commodity Prices Booms: Macroeconomic and Distributional Implications"Adrian Peralta (IMF) with Marina Mendes Tavares and Irina Telyukova Slides |
| 10:30-10:45 | Coffee break |
| 10:45-12:00 | "Identifying Constraints on Financial Inclusion and their Impact on GDP and Inequality: A Structural Framework for Policy"Era Dabla-Norris and Filiz Unsal (IMF) with Yan Ji, Robert M. Townsend, and D. Filiz Unsal Slides |
| 12:00-13:15 | Lunch |
| 13:15-14:30 | "Economic Development and the Organization of Production"Nicolas Roys (University of Wisconsin-Madison) with Ananth Seshadri Slides |
| 14:30-15:45 | "Structural Transformation, Education and Growth"Alex Monge-Naranjo (Federal Reserve Bank of St Louis) with Pedro Cavalcanti Ferreira, and Luciene Pereira Slides |
| 15:45-16:15 | Coffee Break |
| 16:15-17:30 | "The demand for insurance under limited trust: Experimental evidence from Kenya"Stefan Dercon (University of Oxford and DFID) with Jan Willem Gunning, and Andrew Zeitlinz Slides |
| 17:30-18:30 | Cocktail |
Friday, September 19th |
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| 9:15-10:30 | "Optimal Development Policies with Financial Frictions"Oleg Itskhoki(Princeton University) with Benjamin Moll Slides |
| 10:30-10:45 | Coffee Break |
| 9:15-10:30 | "Land Misallocation and Productivity"Diego Restuccia (University of Toronto) with Raul Santaeulalia‐Llopis Slides |
| 12:00-13:15 | Lunch |
| 13:15-14:30 | "The Macroeconomics of Microfinance"Paco Buera (UCLA and Federal Reserve Bank of Chicago) with with Yongseok Shin and Joseph P. Kaboski Slides |
| 14:30-15:45 | "Distributional Effects of Macroeconomics Policy Choices in Emerging Market Economies"Boyang Zhang (Cornell University) with Eswar Prasad Slides |
| 15:45-16:15 | Coffee Break |
| 14:30-15:45 | "Doves for the Rich, Hawks for the Poor? Distributional Consequences of Monetary Policy"Makoto Nakajima (Federal Reserve Bank of Philadelphia) with Mattis Gornemann and Keith Kuester Slides |
| 17:30-17:45 | Closing Remarks |