IMF’s Jacques Polak Conference to Examine Macroeconomic and Financial Policies after the Crisis

This paper analyzes the link between economic growth and structural reforms. The paper highlights that as the recovery from the financial crisis firms up, many country authorities will turn their focus from short-term stabilization policies to more structural policies to spur long-term potential growth. The paper discusses that the global financial crisis has affected growth in countries of all income levels and has led to substantial output losses that in many cases could be permanent. The paper also presents a discussion on monetary policy and asset prices.

Abstract

This paper analyzes the link between economic growth and structural reforms. The paper highlights that as the recovery from the financial crisis firms up, many country authorities will turn their focus from short-term stabilization policies to more structural policies to spur long-term potential growth. The paper discusses that the global financial crisis has affected growth in countries of all income levels and has led to substantial output losses that in many cases could be permanent. The paper also presents a discussion on monetary policy and asset prices.

The International Monetary Fund will hold the Eleventh Jacques Polak Annual Research Conference at its headquarters in Washington on November 4–5, 2010. The theme of the conference is “Macroeconomic and Financial Policies after the Crisis,” and presentations are expected on lessons from the crisis on the conduct of macroeconomic and financial policies, as well as on short and long-run policy challenges for industrial and developing economies.

The conference is intended to provide a forum for discussing innovative research in economics undertaken by both IMF staff and outside economists, and to facilitate the exchange of views among researchers and policymakers. Anil Kashyap of the University of Chicago Booth School of Business will deliver the Mundell-Fleming lecture.

The Program Committee has invited submissions of papers on such topics as exit strategies from expansionary policies; asset prices and monetary policy; cyclical fiscal policy; international policy coordination; reform of financial architecture; responses to international financial flows in emerging markets; implications of real-financial linkages; and political economy aspects

Further information on the conference program will be posted on the IMF website at www.imf.org. Further information may also be obtained through the conference e-mail address at ARC2010@imf.org.