Forum New Economy Workshop: The Corona Economic Shock

International video conference on the Corona economic shock, the short-term urgency and long-term prospects, on 21/22 April.

Am 21. und 22. April fand unser sechster New Paradigm Workshop ganz im Zeichen der Corona-Krise statt. Hier finden Sie alle Videos, Vorträge und Informationen zu den Speakern des Workshops.

Summary

Am 21. und 22. April fand unser sechster New Paradigm Workshop ganz im Zeichen der Corona-Krise statt. Hier finden Sie alle Videos, Vorträge und Informationen zu den Speakern des Workshops.

Agenda

  • Apr 21 16:45
    Introduction

    Introduction

    The corona virus has proved to be a veritable “black swan” event, triggering an extraordinary economic collapse and previously unimaginable changes to people’s daily lives. We have brought together a host of experts to address how we combat the immediate crisis, but also how to reform our economies and the ways they interact with each other.

    Speakers

    Thomas Fricke, Forum New Economy   Presentation Slides
    Gerhard Schick, Finanzwende, Finance Watch Germany Presentation Slides

    Watch the Video Recording — here

  • Apr 21 17:00
    Corona crisis – On the recent special report of Germany's council of Economic Experts

    Introduction

    The global economy faces a unprecedented recession, and there is great uncertainty over the timing and strength of the rebound. This has prompted a huge fiscal response and aggressive action by central banks. Will it be enough to prevent a depression?

    Speakers

    Achim Truger, Member of the German Council of Economic Experts, University of Duisburg Presentation Slides (Video Recording)
    Patrick Graichen, Director of Agora Energiewende Presentation Slides (Video Recording)
    Tom Krebs, University of Mannheim

    Related Reading

  • Apr 21 18:00
    On crisis moments and paradigm shifts – will this pandemic derail globalization?

    Introduction

    Global trade has imploded as consumption and investment have shrunk and lockdowns and travel restrictions have disrupted international supply chains. A shift in the balance between national autonomy and globalization seems inevitable. How do we ensure that this is positive?

    Speakers

    Harold James, Princeton University
    Ian Goldin, University of Oxford
    Laurence Tubiana, European Climate Foundation
    Pascal Lamy, Delors Institute

    Watch the Video Recording — here.

    Related Reading

Summary

Welcome to Day 2 of this joint Workshop between Forum New Economy and Transformative Responses on the consequences of the corona virus. How long will the outbreak last? Are we facing a short-lived downturn or a depression? If so, which can governments and central banks do to combat it. What will a prolonged downturn mean for the eurozone? And could the crisis act as a catalyst for a paradigm shift in economic thinking. You can follow the discussion live on Zoom, The Forum New Economy website, YouTube or Twitter.

Agenda

  • Apr 22 9:00
    Update on the Corona pandemic – current trends, and how long will it last?

    Introduction

    How long will the social and economic impacts of the crisis last and when can we expect to return to normality. Sebastian Dullien and Veronika Grimm will give perspective on recent trends of the crisis.

    Speakers

    Sebastian Dullien, Director of Research at the IMK, Macroeconomic Policy Institute Presentation Slides
    Veronika Grimm, Member of the German Council of Economic Experts

    Presentation Slides

    Related Reading

  • Apr 22 9:30
    Real Economy Crisis – Towards the Great Corona depression? How deep and long will the recession be?

    Introduction

    The global economy faces an unprecedented recession, and there is great uncertainty over the timing and strength of the rebound. This has prompted a huge fiscal response and aggressive action by central banks. Will it be enough to prevent a depression?

    Speakers

    Nicola Brandt, OECD
    Stephen Kinsella, University of Limerick Presentation Slides
    Jens Südekum, University of Düsseldorf
    Silke Tober/Sebastian Dullien, IMK Macroeconomic Policy Institute Presentation Slides

    Related Reading

    Watch the recording of the session — here.

  • Apr 22 11:00
    Corona Financial Crisis – Crash and debt: Towards another meltdown?

    Input

    Joscha Wullweber, University of Witten/Herdecke
    Rainer Voss, Former Investment Banker
    Gerhard Schick, Finance Watch Germany    Presentation Slides

    Speakers
    Dorothea Schäfer, DIW Berlin
    Holger Schmieding, Berenberg Bank

    Related Reading

    Watch the recording of the session — here.

  • Apr 22 13:00
    Central banks to the rescue? Is this the time for helicopter money?

    Input

    On the idea of helicopter money – Marc Adam, Forum New Economy Presentation Slides

    Speakers

    Eric Lonergan, M&G Investments Presentation Slides
    Martin Hellwig, Director (em.) Max Planck Institute for Research on Collective Goods
    Peter Bofinger, University of Würzburg Presentation Slides
    Daniela Gabor, UWE Bristol Presentation Slides

    Related Reading

    Watch the recording of the session — here.

  • Apr 22 14:30
    Fiscal policy – Will the trillions be enough? A long-term recovery plan - for what and for whom?

    Introduction

    Governments have introduced unparalleled temporary fiscal support for firms and households. But economies are likely to require high levels of state support for some time to come. How should governments finance this and how can they ensure it boosts fairness and economic resilience?

    Speakers

    Robin Brooks, Institute of International Finance
    Frank van Lerven, New Economics Foundation Presentation Slides
    Antonella Stirati, Roma Tre University
    Shahin Vallée, German Council on Foreign Relations

    Watch the recording of the session – here.

    Related Reading

  • Apr 22 16:00
    Eurozone – Time for Euro Bonds?

    Introduction

    The corona crisis has again exposed the uneven fiscal capacity of eurozone governments. Some are able to spend far more on combating the economic downturn than others, risking further divergence between stronger and stronger economies. Are eurobonds the answer?

    Watch the recording of the session — here.

    Speakers

    Christian Kastrop, Bertelsmann Stiftung
    Jakob von Weizsäcker, Federal Ministry of Finance
    Christian Odendahl, Centre for European Reform
    Silvia Merler, Algebris Policy and Research Forum
    Moritz Schularick, University of Bonn and INET

    Related Reading

  • Apr 22 17:30
    On crisis moments and paradigm shifts – How to make us more resilient

    Introduction

    Could the corona crisis lead to a paradigm shift in economic thinking and policy, or are we destined to repeat the mistakes of the financial crisis, when governments quickly reverted to the status quo. Change seems inevitable this time. But how do we ensure that it is benign and not malign.

    Speakers

    Laurie Laybourn-Langton, Economic Change Unit London Presentation Slides
    Patrick Love, OECD/NAEC
    Maja Göpel, German Advisory Council on Global Change Presentation Slides
    Katharina Pistor, Columbia Law School

    Related Reading

Speakers

  • Patrick Graichen

    Director of Agora Energiewende

  • Achim Truger

    Member of the German Council of Economic Experts

  • Tom Krebs

    Professor of Economics at the University of Mannheim

  • Harold James

    Professor of History, International Affairs and European Studies at Princeton University

  • Ian Goldin

    Professor of Globalisation and Development at the University of Oxford

  • Laurence Tubiana

    CEO of the European Climate Foundation

  • Pascal Lamy

    Former Director-General of the WTO

  • Veronika Grimm

    Member of the German Council of Economic Experts

  • Sebastian Dullien

    Director of Research at the IMK

  • Nicola Brandt

    Director of the OECD Berlin Centre

  • Stephen Kinsella

    Professor of Economics at the University of Limerick

  • Jens Südekum

    Professor of Economics at the Heinrich Heine University Düsseldorf

  • Silke Tober

    Senior Economist at the IMK

  • Joscha Wullweber

    Proffesor of Political Economy and Global Governance at the University Witten/Herdecke

  • Rainer Voss

    Former Investment Banker

  • Gerhard Schick

    Director of Transformative Responses to the Crisis

  • Dorothea Schäfer

    Director Research of Macroeconomics at the DIW Berlin

  • Holger Schmieding

    Berenberg Bank

  • Moritz Schularick

    University of Bonn

  • Marc Adam

    Economic Analyst at Forum for a New Economy

  • Eric Lonergan

    Author of the Books "Money", "Foreign Affairs" and "The Financial Times"

  • Martin Hellwig

    Former Director of the Max Planck Insitute

  • Peter Bofinger

    Professor of Economics at the University of Würzburg

  • Daniela Gabor

    Professor of Economics and Macro-Finance at the UWE Bristol

  • Robin Brooks

    Chief Economist at the Global Association of the Financial Industry

  • Frank van Lerven

    Senior Economist at the New Economics Foundation

  • Antonella Stirati

    Professor of Economics ath the Roma Tre University

  • Shahin Vallée

    Senior Fellow at the German Council on Foreign Relations

  • Christian Kastrop

    DIREKTOR OF THE PROGRAM EUROPE’S FUTURE OF THE BERTELSMANN STIFTUNG

  • Jakob von Weizsäcker

    Chief Economist at the German Ministry of Finance

  • Christian Odendahl

    CHIEF ECONOMIST AT THE CENTRE FOR EUROPEAN REFORM

  • Silvia Merler

    Head of Research at the Algebris Policy & Research Forum

  • Angel Ubide Jr.

    Author of "The Paradox of Risk"

  • Laurie Laybourn-Langton

    Author of "Beyond Barbarism: A Manifesto for a Planet on Fire"

  • Gabriela Ramos

    OECD Chief of Staff and Sherpa to the G20

  • Maja Göpel

    SECRETARY-GENERAL OF THE GERMAN ADVISORY COUNCIL ON GLOBAL CHANGE

  • Katharina Pistor

    Professor for Comparative Law at Columbia Law School, Director of the Center on Global Legal Transformation

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