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Global Challenges and Channels for Fiscal and Monetary Policy

 The conference will focus on the new global challenges for international fiscal and monetary policy. Just three years after the recent pandemic, policy makers are confronted with a new set of global challenges. These include increasing geoeconomic fragmentation, regional conflicts and climate change, which come with a higher frequency and changing nature of shocks (e.g., demand vs. supply, transitory vs. permanent, local vs. global). Against the backdrop of – despite the recent decline – high inflation, volatile inflation expectations, and record-high levels of public debt amid rising interest rates this conference aims to showcase an outstanding set of academic contributions on how to design, calibrate and coordinate monetary and fiscal policies in today’s global economy.