CEPII, Recherche et Expertise sur l'economie mondiale
Tuesday November 15, 2016
14:00 - 15:30

Uncertainty surrounds the future of the European Union and its place in the world. The crisis set in motion a whole range of initiatives and institutional changes and in Europe, both at the EU28 and euro area levels. These now have to blossom into a solid and durable edifice.

A challenge is therefore to make sure that the next steps in European integration live up to the economic, institutional, political, social and governance challenges that Europe is facing.

In that context, CEPII and France Stratégie have launched a series of monthly events – lunchtalks - about Europe with the aim to bring together officials, academics, as well as practitioners and corporates around a relevant speaker selected for his relevance for European matters.
Jason Furman & Claire Waysand sur "The New View of Fiscal Policy and Its Application"

Jason Furman
Chairman of Barack Obama’s Council of Economic Advisors
The consensus on fiscal policy is undergoing a major shift. Monetary policy, which is traditionally perceived as the most appropriate tool for regulating the economic cycle, seems to have reached its limits. In a world of low growth and low inflation, in which interest rates seem set to remain at low levels for a prolonged period of time, a growing number of economists, international organizations and central banks are now calling for fiscal policy to take on a more active role. Together with developments in the US and European economies over the past eight years, new economic research is driving this shift.
Along which lines and guiding principles should the new paradigm be built? To explore this question, Jason Furman, Chairman of Barack Obama’s Council of Economic Advisors, will present his ideas recently put forth in a paper, ‎“The New View of Fiscal Policy and Its Applications”, which has been the subject of much debate in the US. The presentation will be followed by a discussion and questions from the audience.

Discussant : Claire Waysand

Coffee will be served half an hour before the event at 13:30.
The event will take place under Chatham House Rules.
The presentation and discussion will be held in English.
By invitation only.