The annual FPS aims to bridge the gap between academic research and policy-making. This year’s topic is:
“Macroeconomic policy in times of overlapping crises”
European economies are facing overlapping crises: The Russian war against Ukraine and the associated surge in energy prices have joined the effects of the still ongoing coronavirus pandemic. The pandemic-related disruption of global supply chains amplified by the consequences of the war weigh heavily on global trade and growth prospects. As a result, inflation has reached levels not seen in decades, uncertainty has increased substantially, and growth forecasts have been revised downwards. We face substantial stagflation risks.
More information to come on the website of the German Federal Ministry of Finance.
The aim of the 2022 Franco-German Fiscal Policy Seminar is to present cutting-edge academic work that can contribute to a better understanding of this challenging macroeconomic environment and to inform policymakers about appropriate responses in favor of more resilient economies. Featuring a policy panel chaired by Agnès Bénassy-Quéré, Chief Economist at the French Treasury and Paris School of Economics, and a keynote address by Florin Bibliie, University of Cambridge, the FPS further aims to facilitate discussion and the exchange of knowledge and ideas.
Research papers on the following topics in particular were submitted for the FPS by the submission deadline:
Adequate national fiscal and economic policies in containing stagflation risks in the euro area
Consequences and possibilities to address supply chain disruptions globally and nationally
Geo-economic risks, resilience, and recalibration of global value chains
Demographic and climate change, productivity trends, and the strategic rebalancing of world trade – impacts on trend inflation and implications for the euro-area policy mix
Fiscal and monetary policy interaction in view of rising interest rates and inflation
Challenges for fiscal sustainability in the EMU
Authors of papers selected by the Scientific Committee, chaired by Andreas Peichl (ifo Institute and University of Munich), were notified in September and invited to Berlin to present their work at the seminar.
Scientific Committee (in alphabetical order):
Klaus Adam (University of Mannheim)
Agnès Bénassy-Quéré (French Treasury and Paris School of Economics)
Lars P. Feld (University of Freiburg)
Gianmarco Ottaviano (Bocconi University)
Andreas Peichl (ifo Institute and University of Munich), Chair
Xavier Ragot (Sciences Po – CNRS and OFCE, Paris)
Hélène Rey (London Business School)
Almuth Scholl (University of Konstanz)