Washington, DC, April 16, 2013
Rethinking Macro Policy II: First Steps and Early Lessons
SESSION IV: Fiscal Policy
How best to reduce debt, design future fiscal policy, multipliers
Janice Eberly is Assistant Secretary for Economic Policy and Chief Economist at the U.S. Treasury.Read More
Dr. Janice Eberly serves as the U.S. Department of the Treasury's Assistant Secretary for Economic Policy and Chief Economist. In this role, Dr. Eberly leads the Office of Economic Policy, which is responsible for analyzing and reporting on current and prospective economic developments in the U.S. and world economies and assisting in the determination of appropriate economic policies.
Dr. Eberly most recently served as the John L. and Helen Kellogg Distinguished Professor of Finance at the Kellogg School of Management at Northwestern University, where she has been a member of the faculty since 1997.
Dr. Eberly previously served on the staff of the White House Council of Economic Advisers and on the advisory panels of the Bureau of Economic Analysis and the Congressional Budget Office. She was a Sloan Foundation Research Fellow in Economics and is a Research Associate of the National Bureau of Economic Research. Her research has been funded by the National Science Foundation, and she has held editorial positions at major academic journals, including the American Economic Review and the Journal of Monetary Economics. Dr. Eberly publishes widely on macroeconomics and finance, focusing on capital investment and household decisions. The American Economics Association elected her to its Executive Committee in 2007. Prior to her time at Northwestern, Dr. Eberly was a faculty member at the Wharton School of the University of Pennsylvania.
Dr. Eberly holds a B.S. from the University of California, Davis, and her Ph.D. in Economics from M.I.T.
Anders Borg is a Swedish economist, who serves as Minister for Finance in the Swedish government.Read More
Anders Borg has a postgraduate degree in economics from Stockholm University.
He was Chief Economist and Administrative Director of the Moderate Party and Adviser on monetary policy issues to the Executive Board of the Riksbank. Anders Borg was Head of the Economic Analysis Department at Skandinaviska Enskilda Banken (SEB) from 1998-1999 and Chief Economist at ABN Amro Bank in Stockholm where he was responsible for analysis of financial and monetary policy.
He has also been a responsible for economic and political analysis at Transferator Alfred Berg, and member of the Expert Group on Public Finance and member of the Board of the Swedish Labour Market Administration.
In 2006, Mr. Borg was appointed Minister for Finance. During his term, the Government has implemented a number of measures to stimulate the labour supply and the demand for labour, with the objective of reducing exclusion in the Swedish economy.
In 2011, the Financial Times named Mr. Borg European Finance Minister of the year.
Roberto Perotti is a Full Professor of Economics at Università Bocconi in Milan.Read More
Previously he taught at Columbia University (where he received tenure in 1998) from 1991 to 2001, and then at the European University Institute until 2003. He is a research associate of the NBER and a research fellow of the CEPR.
His research has been funded by the National Science Foundation, by the European Research Grant program, and by the European Commission GRASP program. He has been editor of the Journal of European Economic Association for the first five years since its inception, and associate editor of the Quarterly Journal of Economics and other journals. He has published widely on macroeconomics, in particular on the effects of fiscal policy and of fiscal consolidations. His papers have been published in the American Economic Review, the Quarterly Journal of Economics, the Review of Economic Studies, and the Journal of Monetary Economics, among others.
He has been a consultant for the Inter-American Development Bank, the World Bank, the European Central Bank, and the Bank of Italy. He is or has been on the Scientific Board of several research institutions. He is a regular op-ed contributor for Il Sole 24 Ore - the main Italian business daily - and a frequent guest at political talk shows on the main Italian TV channels. Examples of his recent policy-oriented interventions and publications can be found here (a number of interventions on The Economist by invitation), here (a Bloomberg.com intervention on the Eurobond debate) and here (a paper on large fiscal consolidations of the past).
Roberto Perotti holds an undergraduate degree from Bocconi University, and a Ph.D in Economics from MIT.
Nouriel Roubini is professor of economics at New York University’s Stern School of BusinessRead More
Nouriel Roubini is the cofounder and chairman of Roubini Global Economics, an independent, global macroeconomic and market strategy research firm. The firm’s website, Roubini.com, has been named one of the best economics web resources by BusinessWeek, Forbes, the Wall Street Journal and the Economist.
He is also a professor of economics at New York University’s Stern School of Business. Dr. Roubini has extensive policy experience as well as broad academic credentials. From 1998 to 2000, he served as the senior economist for international affairs on the White House Council of Economic Advisors and then the senior advisor to the undersecretary for international affairs at the U.S. Treasury Department, helping to resolve the Asian and global financial crises, among other issues. The International Monetary Fund, the World Bank and numerous other prominent public and private institutions have drawn upon his consulting expertise.
He has published numerous theoretical, empirical and policy papers on international macroeconomic issues and coauthored the books “Political Cycles: Theory and Evidence” (MIT Press, 1997) and “Bailouts or Bail-ins? Responding to Financial Crises in Emerging Markets” (Institute for International Economics, 2004) and “Crisis Economics: A Crash Course in the Future of Finance” (Penguin Press, 2010). Dr. Roubini’s views on global economic issues are widely cited by the media, and he is a frequent commentator on various business news programs. He has been the subject of extended profiles in the New York Times Magazine and other leading current-affairs publications. The Financial Times has also provided extensive coverage of Dr. Roubini’s perspectives.
Dr. Roubini received an undergraduate degree at Bocconi University in Milan, Italy, and a doctorate in economics at Harvard University. Prior to joining Stern, he was on the faculty of Yale University’s department of economics.
- Main Page
- SESSION I: Monetary Policy
- SESSION II: Macroprudential Policies
- SESSION III: Financial Regulation
- SESSION IV: Fiscal Policy
- SESSION V: Exchange Rate Arrangements
- SESSION VI: Capital Account Management
- Panel Discussion
- Rethinking Macro Policy II: First Steps and Early Lessons
- View a slideshow in Flickr of day one
- Rethinking Macro Policy II: Getting Granular
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