Fiscal Policy in the New Normal


Moderator: Vitor Gaspar


Vitor Gaspar is Director of the Fiscal Affairs Department at the International Monetary Fund. Prior to joining the IMF, he held a variety of senior policy positions in Banco de Portugal, including most recently Special Adviser. He served as Minister of State and Finance of Portugal from 20112013. He was head of the European Commission’s Bureau of European Policy Advisers from 20072010 and director-general of research at the European Central Bank from 1998 to 2004.

Mitsuhiro Furusawa


Mitsuhiro Furusawa is Deputy Managing Director of the International Monetary Fund. Mr. Furusawa joined the IMF after a distinguished career in the Japanese government, including several senior positions in the Ministry of Finance in recent years. Immediately before coming to the Fund, he served as Special Advisor to Japanese Prime Minister Shinzo Abe and Special Advisor to the Minister of Finance.

Brad DeLong


Brad DeLong is a Professor of Economics at the University of California, Berkeley, a research associate of the National Bureau of Economic Research, a blogger at the Washington Center for Equitable Growth, and a fellow of the Institute for New Economic Thinking. DeLong served as U.S. Deputy Assistant Secretary of the Treasury for Economic Policy from 1993 to 1995. Before joining the Treasury Department, he was Danziger Associate Professor in the Department of Economics at Harvard University. 

Bill Morneau


Bill Morneau is Canada’s Finance Minister. Previously, he led Morneau Shepell and was Pension Investment Advisor to Ontario’s Finance Minister. He is a former chair of the C. D. Howe Institute. He holds an MSc from the London School of Economics and an MBA from INSEAD.

Ludger Schuknecht


Ludger Schuknecht is Chief Economist at the German Ministry of Finance, and head of the Directorate General Fiscal Policy and International Financial and Monetary Policy. In his previous position as Senior Advisor in the Directorate General Economics of the European Central Bank, he contributed to the preparation of monetary policy decision making and the ECB positions in European policy coordination.

Arvind Subramanian


Arvind Subramanian is the Chief Economic Advisor to the government of India. He was Assistant Director in the Research Department of the IMF, served at the GATT, and taught at Harvard University's Kennedy School of Government and at Johns Hopkins School for Advanced International Studies.  In 2011, Foreign Policy Magazine named him one of the top 100 global thinkers.

(As of September 2016)

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