IMF Conference
Large Fiscal Adjustment Plans
Washington DC, December 9, 2010
Advanced economies are considering medium-term fiscal consolidation plans in response to the largest and most pervasive increase in government debt/GDP ratios since World War II.
This one-day conference will present case studies for each of the G7 countries and a broader cross-country analysis, identifying key factors underlying both failures and successes. A concluding panel discussion, which is open to the public, will tackle forward-looking policy issues on fiscal adjustment.
This conference is an opportunity for feedback on early drafts of the studies, which will be published as a book in early 2011.
To register for the panel discussion please e-mail FAD Conference. Please include your name, affiliation, and an e-mail address. The deadline for public registration is Tuesday, December 7, 2010. Registered attendees will be required to present photo identification on entering the IMF at 720 19th Street, N.W. Washington D.C.
Conference Details
The conference is open to all IMF staff and invitees.
The panel discussion (4:00 pm - 5:30 pm) is open also to the general public.
- Date: December 9, 2010
- Time: 9:00 am – 5:30 pm
- Place: IMF HQ1 Auditorium
700 19th Street, NW, Washington, DC - Registration for Panel Discussion: To register for the panel discussion please e-mail FAD Conference. Please include your name, affiliation, and an e-mail address. The deadline for public registration is Tuesday, December 7, 2010
Note: Registered attendees will be required to present photo identification on entering the IMF at 720 19th Street, N.W. Washington D.C.
Program
| Large Fiscal Adjustment Plans | |
|---|---|
| Thursday, December 9, 2010 | |
| 8:30 AM – 9:00 AM | Breakfast |
| 9:00 AM – 9:20 AM | Opening Remarks John Lipsky (First Deputy Managing Director, IMF) |
| 9:20 AM – 10:10 AM | Cross-Country Analysis |
| Chair | T. Bayoumi (Senior Advisor, Strategy, Policy, and Review Department, IMF) |
| Presentation | S. A. Abbas, F. Hasanov, J. Park |
| Discussant | Roel Beetsma (University of Amsterdam) |
| 10:10 AM – 10:30 AM | Coffee Break |
| 10:30 AM – 11:30 AM | Case Studies: Canada and United States |
| Chair | D. Robinson (Deputy Director, Western Hemisphere Department, IMF) |
| Presentations | On Canada: Q. Liu, C. Sancak, T. Nakata (New York University) On the United States: J. Jonas |
| Discussant | Alan Auerbach (University of California, Berkeley) Paul-Henri Lapointe (Former Assistant Deputy Minister, Department of Finance Canada) |
| 11:30 AM – 12:10 PM | Case Study: United Kingdom |
| Chair | Ajai Chopra (Deputy Director, European Department, IMF) |
| Presentation | T. Ahnert (London School of Economics), R. Hughes, K. Takahashi |
| Discussant | David Heald (University of Aberdeen) |
| 12:10 PM – 1:40 PM | Lunch Break |
| 1:40 PM – 2:40 PM | Case Studies: France and Germany |
| Chair | A.-M. Gulde-Wolf (Senior Advisor, European Department, IMF) |
| Presentations | On France: E. Martin, I. Tytell, I. Yakadina On Germany: C. Breuer (Ifo Institute), J. Gottschalk, A. Ivanova |
| Discussants | Benoît Coeuré (Deputy Director-General of the Treasury, France) |
| 2:40 PM – 3:40 PM | Case Studies: Italy and Japan |
| Chair | Anoop Singh (Director, Asia and Pacific Department, IMF) |
| Presentations | On Italy: F. Balassone, S. Momigliano, P. Rizza (Bank of Italy) On Japan: K. Takahashi, K. Tokuoka, J. Woo |
| Discussant | Masatsugu Asakawa (Deputy Vice Minister of Finance for International Affairs, Japan) |
| 3:40 PM – 4:00 PM | Coffee Break |
| 4:00 PM – 5:30 PM | Panel Discussion (open to the public) | Video |
| Chair | Caroline Atkinson (Director, External Relations Department, IMF) |
| Panelists | Alan Auerbach (University of California, Berkeley) Carlo Cottarelli (Director, Fiscal Affairs Department, IMF) Carmen Reinhart (Peterson Institute for International Economics) Vito Tanzi (Former Director of Fiscal Affairs Department, IMF and Former Undersecretary for Economy and Finance, Italian Government) |