International Monetary Fund


IMF Economic Forum

Macro-Financial Policies After the Crisis

Washington DC, November 6, 2009

As the global economy is slowly recovering from the financial crisis, a number of questions take center stage of discussions about macroeconomic and financial policies. What are the optimal exit strategies from expansionary fiscal and monetary policies? How should monetary and financial policies be designed to mitigate adverse effects of asset price and credit booms? What types of policies are available for developed and emerging economies to cope with the global imbalances?

A discussion of these questions and related issues with a panel of experts took place during this IMF Economic Forum.

Macro-Financial Policies After the Crisis
Moderated by
Olivier Blanchard Olivier Blanchard

Economic Counselor and Director of IMF Research Department
Franklin Allen Franklin Allen

Nippon Life Professor of Finance and Economics at The Wharton School of the University of Pennsylvania
Randall S. Kroszner Randall S. Kroszner

Norman R. Bobins Professor of Economics at the University of Chicago Booth School of Business
Laurence Meyer Laurence Meyer

Vice Chairman and Director of Macroeconomic Advisers
Eswar Prasad Eswar Prasad

Tolani Senior Professor of Trade Policy at Cornell University and Senior Fellow at the Brookings Institution

This forum was part of the IMF’s Tenth Annual Jacques Polak Research Conference on “Financial Frictions and Macroeconomic Adjustment,” November 5-6, 2009.

Conference Organizing Committee: Ayhan Kose (Chair), Abdul Abiad, Chris Crowe, Deniz Igan, Pau Rabanal (All IMF), and Pierre-Olivier Gourinchas (University of California, Berkeley).
Conference Coordinator: Tracey Lookadoo