The Future of Macroeconomic Policy

The conference will focus on the challenges facing macroeconomic policy. The post-pandemic recovery has been accompanied by an increasing number of challenges including record-high levels of public and private debt; the highest inflation seen in decades, with the corresponding financial-stability/credibility tradeoffs; a more fragmented and divided world, risking years of international cooperation and improved international trade flows; high energy prices emerging from the war in Ukraine. All of these challenges are happening while the required energy transition to tackle climate change is happening unevenly across countries, and, globally, the needed reduction in emissions keeps being postponed. Against this backdrop, this conference aims to assemble an outstanding set of academic contributions on topics related to how to (re?) design and calibrate macroeconomic policies going forward.