The Tasks Ahead

9 Pages Posted: 18 Dec 2008

See all articles by Olivier J. Blanchard

Olivier J. Blanchard

National Bureau of Economic Research (NBER); Peter G. Peterson Institute for International Economics

Date Written: November 2008

Abstract

This note, prepared ahead of the G20 Summit (November 15), builds upon the points laid out in the Managing Director's letter to the Heads of State and Government (November 9). It lays out two tasks ahead for policy makers. Policies for now should cover: (i) implementing and coordinating policies to sustain demand; (ii) providing liquidity support to emerging economies; and (iii) protecting low-income countries. Longer term reforms of the financial architecture should touch upon: (i) the design of financial regulation; (ii) a better way of assessing systemic risk; and (iii) mechanisms for more effective actions for crisis prevention and resolution.

Keywords: Group of Twenty, Economic summits, Economic policy, Demand management, Liquidity management, Low-income developing countries, Risk management, Crisis prevention

Suggested Citation

Blanchard, Olivier J., The Tasks Ahead (November 2008). IMF Working Paper No. 08/262. Available at SSRN: https://ssrn.com/abstract=1316730

Olivier J. Blanchard (Contact Author)

National Bureau of Economic Research (NBER) ( email )

1050 Massachusetts Avenue
Cambridge, MA 02138
United States

Peter G. Peterson Institute for International Economics ( email )

1750 Massachusetts Avenue, NW
Washington, DC 20036
United States

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