13th November 2019 at the IEA Headquarters, Westminster, London

Order of the day

9.00 am Coffee and welcome

9.30 am Welcome – Juan Castañeda (University of Buckingham), Director of IIMR

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Session 1 – Which one determines the major macroeconomic outcomes, fiscal policy or monetary policy?  

Chairperson: Charles Goodhart (LSE)

9.35 am – Tim Congdon (IIMR) and John Greenwood (Invesco) – ‘Monetary Policy vs. Fiscal Policy: Which one determines the main macroeconomic outcomes?’

10.00 am – Peter Bofinger (TBC) ‘On fiscal expansion: government deficit and debt in an era of low interest rates’

10.25 am – Bill Robinson (KPMG) ‘A macroeconomic policy without fiscal activism in Britain (1976 – 2008); an assessment’.

10.50 am – Discussion

11.10 am – Coffee

Session 2 – Fiscal policy and macroeconomic stability

Chairperson:  Geoffrey Wood (University of Buckingham and Cass Business School)

11.30 am – Jose Manuel Gonzalez-Paramo (TBC) : ‘How can fiscal policy contribute to price stability?’

11.55 am – Silvia Ardagna (Goldman Sachs) ‘Which fiscal policy? A rule-based approach’ 

12.20 pm – Paul de Grauwe (LSE) ‘Fiscal Policies in Booms and Busts’

12.45 pm – Discussion

Conclusion

13.15 pm – Tim Congdon and Juan Castañeda – Closing remarks and thanks to contributors

13.30 pm – Soft drinks available

End of formal proceedings of the conference

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Reception