Benutzerspezifische Werkzeuge

97th International Business Cycle Forum

hashtag_KielKG97.jpg23/24 April 2018
Kiel Institute for the World Economy

Global Economic Upswing: Priceless – or Costly?

The world economy has gained momentum. After years of crisis and sluggish growth in global production and trade, most economies now experience a marked increase in economic activity. At the same time, inflation is still subdued, raising the question whether the response of inflation to the acceleration of growth is exceptionally low? If so, is this a transitory phenomenon or evidence of a structural change in the growth-inflation relationship? Have we entered a goldilocks economy with price stability despite booming demand? Have central banks lost power to control inflation? Should we be aware of non-inflationary cyclical risks of overutilization that might backfire in the future? The 97th KKG discusses causes and consequences of persistently low inflation and the quest for appropriate monetary and fiscal policies.

Programm as pdf

Preliminary Agenda

Monday, April 23

14:00 to 14:30    Opening remarks
Stefan Kooths, Head of Forecasting Center, Kiel Institute for the World Economy
14:30 to 15:15 Keynote: Loose monetary policy, hidden inflation – lessons from Japan
Gunther Schnabl, University of Leipzig
15:15 to 16:00 Keynote: Price setting  and competition in the global marketplace - a manager’s view
Thorsten Grenz, Managing Partner at KIMBRIA GmbH, Board Member of Listed Corporates and Professor at University of Kiel, Institute of Business
  Coffee break
16:30 to 17:15 China: Maintaining economic growth momemtum and impact on reforms
Max J. Zenglein, Chief Economist, Mercator Institute for China Studies, Berlin
17:15 to 18:00 US: Economic outlook
Adolfo Laurenti, Chief Economist VISA, London
18:00 to 18:45 Plenary debate
18:45 to 20:45 Dinner buffet

Tuesday, April 24

09:00 to 09:45 Keynote: Financialization: Central bank interventions and asset price inflation
Thomas Mayer, Director of Flossbach von Storch Research Institute, Frankfurt, and Witten/Herdecke University
09:45 to 10:15 Global economic outlook
Klaus-Jürgen Gern, Forecasting Center, Kiel Institute for the World Economy
10:15 to 11:00 UK: Economic outlook
Amit Kara, Head of Macroeconomic Forecasting, National Institute of Economic and Social Research, London
  Coffee break
11:30 to 12:15 France: Economic outlook
Charles-Henri Colombier, Director of Macroeconomic Analysis, Coe-Rexecode, Paris
12:15 to 13:00 Germany: Economic outlook
Nils Jannsen, Forecasting Center, Kiel Institute for the World Economy
13:15 to 14:00 Lunch buffet