IMF SEMINAR EVENT
DATE: October 6, 2016
DAY: Thursday
10:00 AM - 11:30 AM
LOCATION: George Washington University, Jack Morton Auditorium
Overview
The global recovery has been anemic and future prospects have dimmed. Monetary policy has been stretched to extremes with quantitative easing and zero interest rates, yet investment remains subdued and deflationary pressures linger. Waning productivity, growing income inequality, and the longer-term implications of shifting demographics have led to repeated markdowns of medium-term growth potential. Should there be a pivot toward new ways of thinking about fiscal policy in a “new normal” of prolonged slow growth, in terms of both its countercyclical role and its effectiveness in boosting productivity and catalyzing longer-term inclusive growth?
Join the conversation via #IMFonFiscal
Join the conversation via #IMFonFiscal
Fiscal Policy in the New Normal
Fiscal Policy in the New Normal
Vitor Gaspar is Director of the Fiscal Affairs Department at the International Monetary Fund. Prior to joining the IMF, he held a variety of senior policy positions in Banco de Portugal, including most recently Special Adviser. He served as Minister of State and Finance of Portugal from 2011– 2013. He was head of the European Commission’s Bureau of European Policy Advisers from 2007–2010 and director-general of research at the European Central Bank from 1998 to 2004.
Mitsuhiro Furusawa is Deputy Managing Director of the International Monetary Fund. Mr. Furusawa joined the IMF after a distinguished career in the Japanese government, including several senior positions in the Ministry of Finance in recent years. Immediately before coming to the Fund, he served as Special Advisor to Japanese Prime Minister Shinzo Abe and Special Advisor to the Minister of Finance.
Bill Morneauis Canada’s Finance Minister. Previously, he led Morneau Shepell and was Pension Investment Advisor to Ontario’s Finance Minister. He is a former chair of the C. D. Howe Institute. He holds an MSc from the London School of Economics and an MBA from INSEAD.
Ludger Schuknecht is Chief Economist at the German Ministry of Finance, and head of the Directorate General Fiscal Policy and International Financial and Monetary Policy. In his previous position as Senior Advisor in the Directorate General Economics of the European Central Bank, he contributed to the preparation of monetary policy decision making and the ECB positions in European policy coordination.
