Past Event

Global outlook and policy priorities

At this event the Managing Director of the International Monetary Fund, Christine Lagarde, will speak about the global outlook and policy priorities, ahead of the 2017 IMF Spring Meetings

Date: April 12, 2017, 11:00 am Topic: Global Economics & Governance

Video recording

On April 12 Bruegel organised an event with Christine Lagarde, Managing Director of the International Monetary Fund, who spoke about the global outlook and policy priorities ahead of the upcoming 2017 IMF Spring Meetings.

Christine Lagarde was introduced by Jean-Claude Trichet, Chairperson of the Board of Bruegel. The event was chaired by Guntram Wolff, Director of Bruegel.

 

Speakers

Christine Lagarde

Managing Director of the International Monetary Fund

Jean-Claude Trichet

Chairperson of the Board

Guntram B. Wolff

Director

Location & Contact

Brussels

Matilda Sevon

matilda.sevon@bruegel.org

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The EU fiscal framework strongly relies on the structural budget balance indicator, which aims to measure the ‘underlying’ position of the budget. But this indicator is not observed, only estimations can be made. This post shows that estimates of the European Commission, the IMF, the OECD and national governments widely differ from each other and all estimates are subject to very large annual revisions. The EU should get rid of the fiscal rules that rely on structural balance estimates and use this opportunity to fundamentally reform its fiscal framework.

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By: Konstantinos Efstathiou Topic: European Macroeconomics & Governance Date: June 17, 2019
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