I find this most striking as a reflection on what the IMF considers "macro." Yes, they have the whole spectrum, indeed, all the way from Geroge Akerlof and Joe Stiglitz on the far left end of traditional Keynesian economics, to... Olivier Blanchard and David Romer on the pretty-far left end of somewhat new-Keynesian economics?
Don't get me wrong, these are all very smart people, in the whole program and the final panel. Akerlof was one of my thesis advisers, and a lot of what I learned from him sticks with me today. But really, this is the entire spectrum of macro? Has anyone heard of, oh, Lucas, Sargent, Sims, Prescott and all their many descendants? Especially if the project is to "rethink," would not some slight broadening of a spectrum have made sense?
It is a sharp lesson in the range of ideas that the IMF will bring to anything they do.
IMF Headquarters 2
Conference Hall 1
Tuesday, April 16, 2013
Conference Hall 1
Tuesday, April 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 |
IMF Headquarters 2
Conference Hall 1
Wednesday, April 17, 2013
Conference Hall 1
Wednesday, April 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 Agustín 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 Holland 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) |