The idea of this project is to analyse what kind of macroeconomic policy is most conducive to growth in developing countries and to investigate whether particular fiscal, monetary, and exchange rate policies have similar effects in developed and developing countries or whether these effects are country specific. The hypotheses of this project are summarised below:
- Insufficient government spending on public goods (education, health care, infrastructure, law and order, administration) can lead to a collapse of output. This happened in post-communist countries during the transformational recession of the 1990s.
- In countries with high price rigidities, a low inflation policy tends to suppress output growth.
- In developing countries, central bank independence contributes to lower inflation, but at the expense of growth.
- Countries with flexible monetary policy manage adverse supply shocks better, especially if there are wage and price rigidities.
- Exchange rate undervaluation through accumulation of foreign exchange reserves promotes export-oriented growth in developing countries because export-to-GDP ratios in these countries are generally below the optimal level.
Why you should attend:
This conference event is an exclusive opportunity for policymakers and academics to discuss the specifics of macroeconomic policies in developing countries and the optimal policies to accelerate growth in the Global South. The panel of experts will put forward arguments for non-conventional macroeconomic policies and discuss the best practices of ‘economic-miracle’ countries.
By attending this conference, you will have the opportunity to meet experts from prestigious universities from all over the world and from international organisations including the Asian Development Bank.
Share your expertise and also discover best-practice macroeconomic policies for growth in developing countries.
Prior registration is necessary to confirm your attendance. This event will take place in English.
Confirmed speakers & their papers:
Xinqiao Ping, Professor of Economics, Peking University, Paper: ‘Beyond Keynesianism’ Speech video
Anis Chowdhury, Professor of Economics, UNSW Sydney, Papers: ‘Fiscal Policy for Inclusive Sustainable Development’ & ‘Monetary Policy for Inclusive and Sustainable Development’ Speech video Speech video 2
Reza Moosavi Mohseni, Assis. Professor of Economics, Auckland University of Technology, Paper: ‘The Choice of Inflation Targeting Regimes for Inclusive Growth: Lessons from Southern Countries’ Speech video
Vladimir Popov, Research Director, DOC-RI, Paper: ‘Accumulation of Foreign Exchange Reserves and Long Term Growth’ Speech video
Donghyun Park, Principal Economist, Asian Development Bank, Paper: ‘Fiscal Policy for Inclusive Growth in Asia’ Speech video
Leong H. Liew, Professor of political economy, Griffith University, Paper: ‘China’s Macroeconomic Policy: A Policy of Ambition and Pragmatism’ Speech video
David Celetti, Researcher, University of Padua, Paper: ‘Kazakhstan Monetary Policy as a Case Study (1991-2001)’
Pascal Petit, Director of Research in Economics CNRS, Paris Nord University, Paper: ‘Macroeconomic policy in developing countries: the impact of new protectionism’ Speech video
Luiz Carlos Bresser-Pereira, Former Finance Minister of Brazil, Paper: ‘The rise of a new development macroeconomics for middle income countries: from classical to new developmentalism’ Speech video
Roshelle Ramfol, Assis. Professor, University of South Africa, Paper: ‘Saving for a rainy day: South African Natural Resource Fund’ Speech video
Gaurav Agrawal, Assoc. Professor, IIITM, India, Paper: ‘Financial Inclusion – India’
Behrooz Gharleghi, Senior Researcher, DOC-RI, co-author with Vladimir Popov & Victor Polterovich, Paper: ‘Central Bank Independence and Growth’ Speech video
Other participants in the project & their papers:
Justin Yifu Lin, Dean of Institute of South-South Cooperation, Peking University, co-author of paper with Xinqiao Ping: ‘Beyond Keynesianism’
Manuel F. Montes, Observer, The South Centre to the United Nations, Paper: ‘Macroeconomic policy, real and financial investment: the impact of financial globalisation’
Hasan Cömert, Assis. Professor, Trinity College, USA, Paper: ‘Inflation Dynamics in Developing Countries’
Victor Polterovich, Professor, Russian Academy of Sciences, co-author with Vladimir Popov, Paper: ‘Central Bank Independence and Growth’ & ‘Accumulation of Foreign Exchange Reserves and Long Term Growth’
Dmitry Skrypnik, Researcher, Russian Academy of Sciences, Paper: ‘Coordination of Industrial and Macroeconomic Policies in Developing Economies’
Call for Papers
The abstract length should not exceed 500 words and should address the objective and the policy implications of the paper. There is no fee for submission/presentation.
Please send the abstract of your paper and your short CV to: firstname.lastname@example.org
The deadline of abstract submission: 15.10.2018
Notification of acceptance: 22.10.2018
Date of the Conference: 15.11.2018
Full paper (after the abstract is accepted) submission: 31.01.2019
Venue and Accommodation
The conference will take place at DOC Research Institute, Französische Str 23, 10117, Berlin, Germany. A wide variety of hotels and accommodation are conveniently located close to the conference venue.
There is no fee for attendance.