Date: Friday 18 November 2011
Time: 11am-12.30pm
Venue: Michio Morishima Room, Room R505, Lionel Robbins Building, LSE
Speaker: Carlo Cottarelli

Significant policy challenges in advanced, emerging, and low-income economies must be faced in an environment where downside risks to growth have increased. The seminar will assess the Eurozone crisis and need for fiscal adjustment. The potential for double dip recession in the United States, suggests need for appropriately supportive fiscal policy together with detailed and ambitious plans to reduce deficits and debts to prevent credibility from weakening. Meanwhile, many emerging economies need to make faster progress in strengthening fiscal fundamentals before cyclical factors or spillovers from advanced economies turn against them. Low-income countries, including in South Asia, also need to rebuild fiscal buffers, while addressing spending needs.

Carlo Cottarelli is Director of the Fiscal Affairs Department and has degrees in economics from the University of Siena and the London School of Economics. He worked at the Research Department of the Bank of Italy before joining the IMF in 1988. He has worked on several advanced, emerging market, and low-income countries in the context of surveillance, IMF-supported programs, and technical assistance. He has written several articles and edited books on monetary and fiscal policy.

This event is free and open to all but pre-registration is required. To register for the event and for further enqueries please email arc@lse.ac.uk or call 020 7955 7615.

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