IMF Seminar: How Should Central Banks Battle High Inflation?
IMF SEMINAR EVENT
DATE: April 14, 2023
DAY: Friday
11:30 AM - 12:30 PM
LOCATION: IMF HQ1 Atrium (HQ1-1-700)
Overview
The discussion will focus on central banks’ strategies to reduce inflation; how to balance the desire to support employment with the price stability objective; measures to mitigate potential stresses in the financial sector that may complicate monetary policy implementation; and particular challenges faced by EM central banks. It will also provide insights into future monetary policy strategies, considering lessons from both conventional and unconventional monetary policy tools, as well as risks to central bank independence.Join the conversation via #TacklingHighInflation
IMF Seminar: How Should Central Banks Battle High Inflation?
Panelists
Panelist: Gita Gopinath
Gita Gopinath is the First Deputy Managing Director of the International Monetary Fund (IMF). She oversees the work of staff, represents the Fund at multilateral forums, leads the Fund’s work on surveillance and related policies, and oversees research and flagship publications. Previously, Ms. Gopinath was the Fund's Chief Economist. In that role, she helmed thirteen releases of the World Economic Outlook. She also worked with other Fund departments on a new analytical approach to help countries respond to international capital flows via the Integrated Policy Framework. Prior to joining the IMF, Ms. Gopinath was the John Zwaanstra Professor of International Studies and of Economics at Harvard University and before that she was an assistant professor of economics at the University of Chicago’s Booth School of Business. Her research, which focuses on International Finance and Macroeconomics, is widely cited and has been published in many top economics journals. She has authored numerous articles on exchange rates, trade and investment, international financial crises, monetary policy, debt, and emerging market crises.
Panelist: Olivier Blanchard
Olivier Blanchard is the C. Fred Bergsten Senior Fellow at the Peterson Institute for International Economics and the Robert M. Solow Professor of Economics emeritus at the Massachusetts Institute of Technology (MIT). A citizen of France, Blanchard has spent most of his professional life in the United States. After obtaining his PhD in economics from MIT in 1977, he taught at Harvard University and returned to MIT in 1982. He was chair of the economics department from 1998 to 2003. In 2008, he took a leave of absence to serve as economic counsellor and director of the research department at the International Monetary Fund where he stayed until 2015. He then joined the Peterson Institute.
Blanchard has worked on a wide set of macroeconomic issues, including the role of monetary and fiscal policy, speculative bubbles, the labor market and determinants of unemployment, economic transition in former communist countries, and the nature of the Global Financial Crisis. In the process, he has worked with numerous countries and international organizations.
Blanchard is the author of many books and articles, including two textbooks on macroeconomics, one at the graduate level with Stanley Fischer and the other at the undergraduate level. He is a past editor of the Quarterly Journal of Economics and the NBER Macroeconomics Annual and founding editor of American Economic Journal: Macroeconomics. He is a fellow and former Council member of the Econometric Society, a past president of the American Economic Association, and a member of the American Academy of Arts and Sciences.
Panelist: Mohamed El-Erian
Panelist: Changyong Rhee
Panelist: Silvana Tenreyro
The Chancellor, Rishi Sunak, announced that Professor Silvana Tenreyro will be appointed for a second three-year term as an external member of the Monetary Policy Committee (MPC). Her second term will start from 5 July 2020.
Silvana Tenreyro is Professor in Economics at the London School of Economics. She obtained her MA and PhD in Economics from Harvard University. Before joining the Bank, she was co-Director and Board member of the Review of Economic Studies and Chair of the Women’s Committee of the Royal Economics Society. She is a Fellow of the British Academy (FBA)Opens in a new window and a Fellow of the Econometric Society. She is a former President of the European Economic Association.
Moderator: Tom Keene
In addition to his work on Bloomberg Surveillance, Keene provides economic and investment perspective to Bloomberg Television and to Bloomberg’s various news divisions. Keene also founded the “Chart of the Day” article, available on the Bloomberg Professional Service. Keene is the editor of “Flying on One Engine: The Bloomberg Book of Master Market Economists,” published in 2005. (Two chapters appeared in the CFA Institute curriculum.) A graduate of Rochester Institute of Technology, Keene is a Chartered Financial Analyst and a member of the CFA Institute, the National Association for Business Economics, the American Economic Association, and the Economic Club of New York.