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Rethinking Macro Policy Frameworks for a Transforming, Shock Prone World

Thursday, Apr 16, 2026 | 02:30 PM - 03:30 PM

Location: HQ1 Atrium HQ1-1-700

OVERVIEW

The discussion will focus on whether existing macroeconomic policy frameworks—fiscal, monetary, and external sector—remain fit for purpose amid accelerating and overlapping structural transformations related to demographics, climate change, geoeconomic fragmentation, and artificial intelligence. It will explore the economic implications of these trends, including potential effects on growth, the nature and frequency of shocks, the level of natural rates and term premia, and debt sustainability in the face of rising spending pressures. The discussion will then focus on how these developments may affect policy frameworks and available policy space, including monetary-fiscal policy interactions, and possible adjustments needed to ensure that the macro policy toolkit remains fit for purpose in a shock-prone world.

MODERATOR

Director of the Strategy, Policy, and Review (SPR) Department, IMF

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PANELISTS

Chief Economist, Inter-American Development Bank

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Robert M. Solow Professor of Economics, MIT

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ECB Board, former Governor of the Central Bank of Ireland

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Chief Economist and Assistant Governor (Economic), Reserve Bank of Australia

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Chief Economic Advisor, Government of India

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