Event Date: 25 January 2024, 8:00 AM – 26 January 2024, 7:00 PM
Location: Pretoria, South Africa
Background and Objective:
Macroeconomic policy in emerging markets faces significant challenges, including an uncertain global environment, rising global interest rates, and limited fiscal space following unprecedented global shocks. Despite these hurdles, emerging markets are becoming increasingly critical as determinants of the global economic outlook and as hubs for policy innovation and experimentation.
This workshop is dedicated to exploring these challenges, discussing policy options, and identifying instruments to inform and monitor macroeconomic policy in emerging markets. Research topics include:
- Monetary and fiscal policy (both conventional and unconventional)
- Fiscal-monetary policy coordination
- Spillovers between emerging and advanced economies
- Debt sustainability and consolidation
- Capital flow management and macro-prudential policies
- Exchange rate dynamics and policy credibility
- Distributional effects of policymaking
- New data and methodologies for emerging market policies
Program Highlights
| Thursday 25th of January | ||
| 8.30–9.00 | Registration | |
| 9.00 – 11.00 | Keynotes I | Chair: Nicola Viegi (University of Pretoria and ERSA) |
| 9.00 – 10.00 | Paper 1 (Download here) | Georgios Georgiadis (European Central Bank) Global spillovers from multi- dimensional US monetary policy |
| Discussant | Giovanni Ricco (École Polytechnique and CEPR) | |
| 10.00 – 11.00 | Paper 2 (Download here) | Cristian Cuevas (Universidad de Los Andes) Safe Assets in Emerging Market Economies |
| Discussant | Refet Gürkaynak (Bilkent University and CEPR) | |
| 11.00 – 11.30 | Coffee Break | |
| 11.30 – 12.30 | Keynote | Chair: Refet Gürkaynak (Bilkent University and CEPR) |
| Keynote address | Pierre-Olivier Gourinchas (IMF Economic Counsellor and Director of the Research Department) Macroeconomic Policy in Emerging Markets | |
| 12.30 – 14.00 | Lunch | |
| 14.00 – 16.00 | Session 2 | Chair: Giovanni Ricco (École Polytechnique and CEPR) |
| 14.00 – 15.00 | Paper 3 (Download here) | Luciana Juvenal (IMF) Unveiling the Dance of Commodity Prices and the Global Financial Cycle |
| Discussant | Romain Houssa (University of Namur) | |
| 15.00 – 16.00 | Paper 4 (Download here) | Ingomar Krohn (Bank Of Canada) Foreign Investor Feedback Trading in an Emerging Market |
| Discussant | Lebogang Mateane (UCT) | |
| 16.00-16.30 | Tea break | |
| 19.00 – 22.00 | Conference Dinner | De Kloof Restaurant |
Organizing Committee:
- Sofía Bauducco (Central Bank of Chile)
- Refet S. Gürkaynak (Bilkent University and CEPR)
- Özer Karagedikli (Asia School of Business)
- Mamokete Ljane (Standard Bank and ERSA)
- Giovanni Ricco (École Polytechnique, University of Warwick, CEPR, ERSA)
- Xolani Sibande (South African Reserve Bank)
- Nicola Viegi (University of Pretoria and ERSA)
Additional Information:
- The event will be live-streamed.
- Visit our YouTube Channel for videos.
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