Most countries left the pandemic recession with record levels of public debt: will this trigger a crisis in the near future and if not how can the debt be managed? After the sovereign debt crisis of just over a decade ago, the countries of the European Union are especially sensitive to the risks, and the European Commission has proposed a redesign of the rules that member countries should follow to keep debt sustainable and enhance growth.
This panel will discuss the role, virtues, and limitations of these rules, with one of the architects of the Commission’s proposals, a leading economist from one of the largest bond investors in the world, and two academics with work on the effectiveness of fiscal rules and the problem of sharing risk across EU borders.
More about our speakers and chair
Marco Buti is Head of Cabinet of Commissioner Paolo Gentiloni who is responsible in the European Commission for economic affairs and taxation. From December 2008 until November 2019, he was Director General for Economic and Financial Affairs at the European Commission.
Gene Frieda is Senior Visiting Fellow at the LSE School of Public Policy. Gene is an executive vice president and global strategist based in London and currently serves as a rotating member of PIMCO's investment committee. Prior to joining PIMCO in 2016, he was a partner and global strategist at Moore Capital.
Ethan Ilzetzki is an Associate Professor in Economics at LSE. He is a Fellow in the Centre for Economic Policy Research and an Affiliate of the Centre for Macroeconomics. His research focuses on macroeconomics, international economics, and fiscal policy. Ethan heads the CfM-CEPR panel of experts on the UK and EU economies.
Federica Romei is currently an Associate Professor at Hertford College, Oxford University. Federica's primary fields of research are in monetary economics and international economics. She was previously at the Stockholm School of Economics as an Assistant Professor, a Research Affiliate at the Center for Economic Policy Research, and a Visiting Scholar at the Banco de Espana.
Ricardo A. M. R. Reis is a Portuguese economist and the A. W. Phillips professor of economics at LSE In a 2013 ranking of young economists by Glenn Ellison, and in 2016 he won the Germán Bernácer Prize for top European-born economist researching macroeconomics and finance.
More about this event
The Centre For Macroeconomics (@CFMUK) is a research centre that brings together a group of world class experts to carry out pioneering research on the study of nations’ prosperity, and the crises that afflict them, helping to design policies that will create a healthier and more resilient economy.
The LSE School of Public Policy (@LSEPublicPolicy) equips you with the skills and ideas to transform people and societies. It is an international community where ideas and practice meet. Their approach creates professionals with the ability to analyse, understand and resolve the challenges of contemporary governance.
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