INFER Workshop on
RETHINKING DEVELOPMENT AND MACROECONOMIC POLICY
April 20-21, 2017, Cluj-Napoca, Romania

Workshop Objectives The global financial crisis of 2008-2009 has prompted a rethinking of development and macroeconomic policy in countries around the world. The severity of the crisis called for unprecedented monetary and fiscal policies in advanced economies (e.g., large-scale liquidity injections and fiscal stimuli). Some of these measures are yet to be unwound. Interest rates set by major central banks have been close to zero for many years, and in some cases have moved into negative territory. Public debt in leading economies is high and rising. These developments have spurred concerns about risk-shifting in the financial sector and debt overhang. Against this backdrop, emerging markets have experienced volatile financial markets and capital flows, threatening their financial stability. In light of these challenges, emerging markets need to carefully calibrate their macroeconomic policies for increased resilience to global headwinds and sustained growth.

This workshop will bring together academics, practitioners, and public officials for a two-day dialogue on development and macroeconomic policies in the wake of the global financial crisis. We welcome empirical and theoretical papers on the workshop's main themes:

• Monetary policy
• Fiscal policy
• Sovereign risk
• Trade and FDI
• Economic growth
• Regional development
• Financial development
• Institutions

The workshop is open to academic researchers (including PhD students), business practitioners, and representatives from government and non-governmental institutions.

The workshop is organized by the International Network for Economic Research (INFER) and the Faculty of Economics and Business Administration, Department of Economics (FSEGA, Babes-Bolyai University). INFER is a non-profit organization supporting science and research in all fields of economics. Website: www.infer-research.net. The Faculty of Economics and Business Administration (FSEGA) is part of the Babes-Bolyai University (BBU) in Cluj-Napoca. The university has more than 40,000 students and offers study programs in Romanian, Hungarian, German, English, and French. Teaching of economics and business at BBU has a long and distinguished tradition. FSEGA is actively engaged in international research collaborations with prestigious universities in Europe and around the world. Website: https://econ.ubbcluj.ro.