IMF Seminars and Conferences
Analyzing (External) Imbalances
Thursday, February 2, 2012, Washington, D.C.
Conference organized by the IMF's Research Department
IMF Headquarters 2, Conference Hall 1
“Achieving a ‘strong, balanced and sustained world recovery’…was never going to be easy. It requires much more than just going back to business as usual. It requires two fundamental and complex economic rebalancing acts…”
The Research Department at the IMF is hosting a conference on Analyzing (External) Imbalances on February 2, 2012.
The conference opens at 9:00 a.m. in Conference Hall 1. Planned sessions will explore large current account surpluses and deficits, and external balance assessments. The event concludes at 4:00-5:30 with a roundtable discussion on the past, present and future of global imbalances and its implications for the world economy.
External participants and other attendees will be participating by invitation.
Thursday, February 2, 2012
|9:00–10:00 AM||Introductory and Welcoming Remarks
• Olivier Blanchard
• G-20 MAP Focus on Imbalances—Krishna Srinivasan
• G-20 MAP Indicative Guidelines: how/why 7 countries were chosen for deeper assessment of imbalances—Emil Stavrev
|10:00–10:15 AM||Coffee Break|
|10:15–11:45 AM||Session 1: What can explain large current account surpluses?
Moderator: Ashoka Mody
Case studies of China and Germany—presentations by Shaun Roache and Vladimir Klyuev
• Nicholas Lardy [Presentation ]
• Joshua Aizenman [Presentation ]
Case studies of Japan—presentation by Josh Felman
• Joseph Gagnon [Presentation ]
|11:45–1:15 PM||Session 2: What can explain large current account deficits?
Moderator: Krishna Srinivasan
Case studies of United Kingdom and United States—presentations by Shaun Roache and Vladimir Klyuev
• Jay Shambaugh [Presentation ]
• Stephen Pickford
Case study of France and India—presentations by Joong Shik Kang and Josh Felman
• Arvind Subramanian [Presentation ]
Luncheon and Talk (HQ 2 Conference Hall 2)—By Invitation Only
John Lipsky—reflections on G-20 process, imbalances
|2:30–3:45 PM||Session 3: External Balance Assessments
Moderator: Jonathan D. Ostry
Presentation by Steve Phillips [Presentation ]
• Menzie Chinn [Presentation ]
• Joshua Aizenmann [Presentation ]
|4:00–5:30 PM||Roundtable—Imbalances and the Global Economy: Past, Present, and Future
Moderator: Nemat Shafik (IMF, Deputy Managing Director)
IMF, Economic Counsellor and Director