{"id":14104,"date":"2022-10-12T17:45:57","date_gmt":"2022-10-12T15:45:57","guid":{"rendered":"https:\/\/www.progressives-zentrum.org\/en\/?p=14104"},"modified":"2024-04-26T16:36:43","modified_gmt":"2024-04-26T14:36:43","slug":"progressive-economics-network-kicks-off-with-pre-briefing-for-the-imf-annual-meetings","status":"publish","type":"post","link":"https:\/\/www.progressives-zentrum.org\/en\/progressive-economics-network-kicks-off-with-pre-briefing-for-the-imf-annual-meetings\/","title":{"rendered":"Progressive Economics Network kicks off with pre-briefing for the IMF Annual Meetings"},"content":{"rendered":"\n

High-inflation, rising energy costs and differing macro stances pose new challenges for the countries of the West which counter Putin\u2019s war collectively but need to urgently develop strategies for the upcoming months. That\u2019s why Das Progressive Zentrum (DPZ), together with the Foundation for European Progressive Studies (FEPS) and the Friedrich-Ebert-Stiftung (FES), created an invite-only space for economic advisers and experts to debate and strategise before flying to the IMF Annual Meetings in DC: The Progressive Economics Network.<\/em><\/strong><\/p>\n\n\n\n

On October 6 the virtual kick-off meeting for the newly-established Progressive Economics Network took place. The Network aims at providing a space for economic advisers and decisionmakers to strategize, exchange best-practices, and form a progressive economic policy strategy<\/strong>. Speaking with one voice while also addressing current challenges openly is more important than ever for progressives in power. Faced with the ongoing inflation crises and the energy crunch, progressives need to develop solutions quickly.<\/p>\n\n\n\n

Before meeting at the IMF Annual Meetings in Washington DC last week, 34 advisers and experts joined the exclusive discussion. Prof. Ulrike Malmendier<\/strong> (Berkeley) and Prof. Moritz Schularick<\/strong> (Sciences Po \/ Bonn) kicked off the debate with their viewpoints on the current macroeconomic situation, followed by a response from Steffen Meyer<\/strong> (German Chancellery). Carys Roberts<\/strong> (IPPR) hosted the meeting.<\/p>\n\n\n\n

Key Takeaways<\/h2>\n\n\n\n
    \n
  1. There is a risk of tightening monetary policy too much.<\/li>\n\n\n\n
  2. Fiscal policy, in the current inflationary environment, should do more to support low and medium earners, while avoiding a full blown stimulus.<\/li>\n\n\n\n
  3. Tax reforms are needed to ensure ongoing cost-of-living support measures are based on a strong revenue base.<\/li>\n\n\n\n
  4. There is a tricky trade off between price caps and direct subsidies. But clever behavioral design can square the circle.<\/li>\n<\/ol>\n\n\n\n

    Synopsis<\/h2>\n\n\n\n

    Das Progressive Zentrum provided a synopsis<\/a>, which summarizes the four main takeaways from the discussion and elaborates on DPZ\u2019s official position.<\/strong><\/p>\n\n\n\n

    In cooperation with<\/h2>\n\n\n\n
    \n
    <\/a><\/div><\/div>\n<\/div>\n\n\n\n
    <\/a><\/div><\/div>\n<\/div>\n<\/div>\n\n\n\n

    Author<\/h2>\n\n\n
    \"\"<\/a><\/div>

    Carsten Jung<\/a><\/h4>
    Senior Economic Advisor<\/div>
    <\/div><\/div>
    Carsten was a Senior economic advisor at Das Progressive Zentrum. He is also senior economist at the\u00a0UK's Institute for\u00a0Public Policy Research (IPPR), where he leads the work on macroeconomics and structural economic reform.<\/div><\/div>
    \"\"<\/a><\/div>

    Florian Ranft<\/a><\/h4>
    Member of the Management Board and Head of Green New Deal<\/div>
    <\/use> <\/svg><\/a> <\/use> <\/svg><\/a> <\/use> <\/svg><\/a> <\/div><\/div>
    Florian Ranft is a member of the Management Board and is head of Green New Deal & Progressive Governance at Das Progressive Zentrum.<\/div><\/div>\n\n\n\n
    <\/span>
    \n

    Further articles<\/h3>\n\n\n
    \"A<\/a><\/div>

    Buried Villages, Fragile Democracies: Coal, Community, and the Unsteady Politics of the Climate Transition<\/a><\/h4>
    Posted on<\/span>
    The transition away from fossil fuels is as much about democratic resilience as it is about energy. Steve Patterson explores the \u201cpolitical whiplash\u201d of shifting national policies and the enduring struggle to protect community heritage from the erosion of both physical landscapes and institutional norms.<\/div>
    Steve Patterson<\/a><\/div>
    Debate<\/a>, Project Report<\/a><\/div><\/div><\/div>
    \"\"<\/a><\/div>

    Revitalising the Industrial Heartlands: Retrospective and Results from the Transatlantic Dialogue<\/a><\/h4>
    Posted on<\/span>
    Drawing on three years of transatlantic research and exchange, the project's closing conference explored actionable strategies for heartland revitalization\u2014demonstrating that cities and municipalities are driving both economic revival and democratic renewal.<\/div>
    Aaron Remus<\/a>, Axel Ruppert<\/a><\/div>
    Event Report<\/a><\/div><\/div><\/div>
    \"Conference<\/a><\/div>

    Trade, Trust and Transition \u2013 Transatlantic Perspectives in Times of Geopolitical Disruption<\/a><\/h4>
    Posted on<\/span>
    In an era marked by global insecurity, geopolitical friction, and economic transformation, the Progressive Economics Network (PEN) reconvened in Washington, D.C.<\/div>
    S\u00f6ren Hellmonds<\/a>, Mariam Ghebregergis<\/a><\/div>
    Event Report<\/a>, News<\/a><\/div><\/div><\/div> <\/div>\n\n\n\n
    \n
    To the blog<\/a><\/div>\n<\/div>\n<\/div><\/div>\n\n\n\n

    Photo credit: IMF Photo\/Allison Shelley<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

    Which macroeconomic strategies can guide us out of the ongoing crises?<\/p>\n","protected":false},"author":1,"featured_media":14105,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[113,1],"tags":[272,197,434],"class_list":["post-14104","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-veranstaltungsbericht","category-meldung","tag-hausblog","tag-sozial-oekologische-marktwirtschaft","tag-pen"],"acf":[],"yoast_head":"\nProgressive Economics Network kicks off with pre-briefing for the IMF Annual Meetings - Das Progressive Zentrum - EN<\/title>\n<meta name=\"description\" content=\"High-inflation, rising energy costs and differing macro stances pose new challenges for the countries of the West which counter Putin\u2019s war collectively but need to urgently develop strategies for the upcoming months. 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