Ladies and Gentlemen,
We cordially invite you to the Global Economy Lecture 2015
Kaushik Basu
Chief Economist and Senior Vice President
World Bank
“Globalization and the art of designing policy”
Monday, November 16, 2015, 4:00 pm
Oesterreichische Nationalbank
Otto-Wagner-Platz 3, 1090 Wien
OeNB auditorium, ground floor
The lecture is organized in cooperation with the OeNB. Please register not later than November 2, 2015 by fax (+43-1-404 20-046615) or e-mail to: carina.rotheneder@oenb.at.
Abstract
In his presentation, Professor Basu will address international spillovers of national economic policies in an economically strongly integrated world. Globalization has thrown a spanner in the way national policies are crafted. Whether it be a decision concerning quantitative easing in an EU economy, the hiking of rates by the U.S. Fed, fiscal policy design by India, or an exchange rate intervention by the People’s Bank of China – in today’s world, a critical element is the awareness that what you do will impact other countries and that in turn may cause a backlash which will come to have an impact on growth, employment and inflation in your own economy. This lecture will take examples from contemporary policy challenges in rich industrialized countries and also emerging economies to illustrate how we can design effective policy in this changed scenario. It will highlight some of the open challenges that we will no doubt have to confront in the coming years.
Speaker
Kaushik Basu is heading the World Bank’s Development Economics Vice Presidency, the premier research and data arm of the World Bank. He is a Fellow of the Econometric Society and currently on leave from Cornell University, where he is Professor of Economics and C. Marks Professor of International Studies. He also taught at the Delhi School of Economics, Harvard, Princeton and MIT. Prior to his joining the World Bank, he served as Chief Economic Adviser to the Government of India. He received India’s Padma Bhushan award as well as the National Mahalanobis Memorial award.
Best regards
Michael Landesmann
Scientific Director
wiiw
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Michaela Bönisch
Wiener Institut für Internationale Wirtschaftsvergleiche (wiiw)
The Vienna Institute for International Economic Studies
Rahlgasse 3, A-1060 Wien
T: +43 1 533 66 10 - 40
F: +43 1 533 66 10 - 50
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