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Background and Objective: Macroeconomic policy in emerging markets is facing the multiple challenges of an uncertain global environment, increasing world interest rates and a limited fiscal space after unprecedented global shocks. At the same time emerging markets are becoming increasingly important both as determinants of the world economic outlook and centers of policy innovation and experimentation.
The 2nd ERSA/CEPR on Macroeconomic Policy in Emerging Markets was dedicated to exploring and discussing research on the challenges to macroeconomic policy in emerging markets, the policy options available to them and the instruments to be developed to inform and monitor policy.
Thursday 25th of January | ||
8.30–9.00 | Registration | |
9.00 – 11.00 | Keynotes I | Chair: Nicola Viegi (University of Pretoria and ERSA) |
9.00 – 10.00 | Paper 1 (Download here) | Georgios Georgiadis (European Central Bank) Global spillovers from multi- dimensional US monetary policy |
Discussant | Giovanni Ricco (École Polytechnique and CEPR) | |
10.00 – 11.00 | Paper 2 (Download here) | Cristian Cuevas (Universidad de Los Andes) Safe Assets in Emerging Market Economies |
Discussant | Refet Gürkaynak (Bilkent University and CEPR) | |
11.00 – 11.30 | Coffee Break | |
11.30 – 12.30 | Keynote | Chair: Refet Gürkaynak (Bilkent University and CEPR) |
Keynote address | Pierre-Olivier Gourinchas (IMF Economic Counsellor and Director of the Research Department) Macroeconomic Policy in Emerging Markets | |
12.30 – 14.00 | Lunch | |
14.00 – 16.00 | Session 2 | Chair: Giovanni Ricco (École Polytechnique and CEPR) |
14.00 – 15.00 | Paper 3 (Download here) | Luciana Juvenal (IMF) Unveiling the Dance of Commodity Prices and the Global Financial Cycle |
Discussant | Romain Houssa (University of Namur) | |
15.00 – 16.00 | Paper 4 (Download here) | Ingomar Krohn (Bank Of Canada) Foreign Investor Feedback Trading in an Emerging Market |
Discussant | Lebogang Mateane (UCT) | |
16.00-16.30 | Tea break | |
19.00 – 22.00 | Conference Dinner | De Kloof Restaurant |
Organising committee:
Sofía Bauducco (Central Bank of Chile)
Refet S. Gürkaynak (Bilkent University and CEPR)
Özer Karagedikli (Asia School of Business)
Mamokete Ljane (Standard Bank and ERSA)
Giovanni Ricco (École Polytechnique, University of Warwick, CEPR, ERSA)
Xolani Sibande (South African Reserve Bank)
Nicola Viegi (University of Pretoria and ERSA)