5Paris 2015

pro· gram

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Plenary Wednesday, April 8L’Espace Pierre Cardin 1, Avenue Gabriel, 75008

18:30

Cocktail Reception

19: 0 0

Opening RemarksRobert JohnsonAnatole KaletskyAdair TurnerGeorge SorosClive Cowdery

ProgramModerator Clive Cowdery

SpeakersAngel GurriaThomas PikettyJoseph Stiglitz

Conference April 9–11, 2015OECD Paris Headquarters 2 Rue André Pascal, 75016

Each conference panel runs for 1 hour and 30 minutes. The panels start 15 minutes apart to allow for better flow when attendees pass through security at the OECD. Panels run concurrently in the morning and afternoon. The panels list the names of authors and commentators; many papers are coauthored, so there are more names than papers. Regardless of the number of co-authors, each paper is allocated roughly 15 minutes for presentation; commentators 10 minutes, then general discussion.

8 New Economic Thinking

Thursday, April 9 Conference10:00 10:15 10:30 10:45 11:00 11:15 11:30 11:45 12:00 12:15 12:30 12:45 13:00 13:15 13:30 13:45

Economic Growth & Inequality across…

Politics By Other Means?...

Macroeconomic Causes of Inequality

Analyzing Growth & Inequality in the 21st…

The Capital Account, Savings Gluts, and…

Budget Deficits, Austerity and Deflation

10: 0 0 –11:30 ROOM CC13

Economic Growth & Inequality across Time & Space: Where Has Growth Lead To Equality And Why?SpeakersBranko MilanovicVamsi Vakulabharanam

DiscussantChristina AnselmannChairAnatole Kaletsky

10: 15 –11: 45 ROOM CC9

Politics By Other Means? Eurozone Institutions And National Sovereignty In The Bank Bailout NegotiationsSpeakersThomas FaziPatrick HonohanYanis Varoufakis

DiscussantMár GuðmundssonChairNeils Thygesen

10:30 –12: 0 0 ROOM CC7

Macroeconomic Causes of InequalitySpeakersBarry CynamonSteven FazzariMarc LavoieMario SeccarecciaTill van Treeck

DiscussantSalvatore MorelliChairThomas Ferguson

LU N C H

10: 45 –12: 15 ROOM CC5

Analyzing Growth & Inequality in the 21st CenturySpeakersFacundo AlvaredoGabriela RamosJ.L. McCombieLance Taylor

DiscussantNadia GarbelliniChairPerry Mehrling

11: 0 0 –12:30 ROOM CC10

The Capital Account, Savings Gluts, and Global ImbalancesSpeakersClaudio BorioAnton BrenderFlorence PisaniHélène Rey

DiscussantPeter TeminChairWilliam White

11: 15 –12: 45 ROOM CC6

Budget Deficits, Austerity and DeflationSpeakersKarl AigingerCatherine MannRichard PortesMartin Wolf

DiscussantCharles GoodhartChairCharles Goodhart

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14:00 14:15 14:30 14:45 15:00 15:15 15:30 15:45 16:00 16:15 16:30 16:45 17:00 17:15 17:30 17:45

Central Banks & Distribution

Inequality and Climate Change

Inequality: Claims about Genes

Financial Regulation That Might Have a…

History and the Theory of Income Distrib…

Motivations, Emotions, Decisions

14: 15 –15: 45 ROOM CC10

Central Banks & DistributionSpeakersAdrian Blundell-WignallGerald EpsteinDominique Plihon

DiscussantMarcello de Cecco

14: 15 –15: 45 ROOM CC6

Inequality and Climate ChangeSpeakersJames BoyceMichael GrubbLucas Chancel

DiscussantShardul AgrawalaChairRohinton Medhora

14:30 –16: 0 0 ROOM CC4

Inequality: Claims about GenesSpeakersDaniel BenjaminSteven DurlaufMichael Gazzaniga

ChairArjun Jayadev

14: 45 –16: 15 ROOM CC5

Financial Regulation That Might Have a Chance of WorkingSpeakersEdward J. KaneGudrun JohnsenJohn KayWalker Todd

ChairWilliam White

15: 0 0 –16:30 ROOM CC7

History and the Theory Of Income Distribution: Some PerspectivesSpeakersGerard DumenilTiziana ForestiNadia GarbelliniAriel Wirkierman

DiscussantThomas FergusonChairThomas Ferguson

15: 15 –16: 45 ROOM CC9

Motivations, Emotions, DecisionsSpeakersAntonio DamasioTania SingerDennis SnowerGeorge Soros

DiscussantRobert Johnson

ChairRobert Johnson

10 New Economic Thinking

Friday, April 10 Conference10:00 10:15 10:30 10:45 11:00 11:15 11:30 11:45 12:00 12:15 12:30 12:45 13:00 13:15 13:30 13:45

National Strategies, Value Creation…

Inequality, Innovation, and Public Invest...

Gender & Inequality

Stimulating Innovation & Growth

The New Politics Of Central Banking

Occupy? Strike? Separatism? Populism?…

10: 0 0 –11:30 ROOM CC10

National Strategies, Value Creation, Income Distribution, and the Structure of CareersSpeakersWilliam LazonickMario PiantaMarie Carpenter

ChairGavin Kelly

10: 15 –11: 45 ROOM CC6

Inequality, Innovation, and Public InvestmentSpeakersAlberto BottaAnna Maria Simonazzi

10:30 –12: 0 0 ROOM CC4

Gender & Inequality: The Glass Ceiling In International PerspectiveSpeakersAlessandra CasaricoMonika QueisserJudy TsuiSarah Voitchovsky

DiscussantPia MalaneyThomas FergusonChairThomas Ferguson

LU N C H

10: 45 –12: 15 ROOM CC13

Stimulating Innovation & Growth SpeakersJim BalsillieDan BreznitzAndrew Wyckoff

DiscussantWilliam JanewayChairRohinton Medhora

11: 0 0 –12:30 ROOM CC9

The New Politics of Central BankingSpeakersPerry MehrlingAndrew ShengAdair Turner

DiscussantRobert JohnsonChairRobert Johnson

11: 15 –12: 45 ROOM CC7

Occupy? Strike? Separatism? Populism? Are Any Of The Historical Forms Of Protest Effective In The Information Age?SpeakersAndrea FumagalliDaniel ChomskyRichard Hyman

ChairOrsola Costantini

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14:00 14:15 14:30 14:45 15:00 15:15 15:30 15:45 16:00 16:15 16:30 16:45 17:00 17:15 17:30 17:45

Sovereign Debt Restructuring

Northeast Asia

Financial Networks, Financial Innovation…

Information And Economics

Political Institutions & Inequality

Challenging Economic Injustice Through…

The Problem of Capital Flight

Macroeconomic Externalities

14: 0 0 –15:30 ROOM CC9

Sovereign Debt RestructuringSpeakersRichard Conn Martin GuzmanJoseph Stiglitz

ChairEric Beinhocker

14: 15 –15: 45 ROOM CC10

Northeast Asia: The Balkans of the 21st Century?SpeakersBruce CumingsJames KurthAndrew Sheng

DiscussantYide QiaoChairPia Malaney

14:30 –16: 0 0 ROOM CC6

Financial Networks, Financial Innovation & InequalitySpeakersStefano BattistonCo-Pierre Georg

ChairRaphael Douady

14: 45 –16: 15 ROOM CC4

Information And Economics: How Should Expectations Be Modeled? What Actually Works?SpeakersDuncan FoleyMichael GoldbergDavid Tuckett

15: 0 0 –16:30 ROOM CC13

Political Institutions & Inequality SpeakersJie ChenOrsola CostantiniMirko DracaThomas FergusonChristian Fons-Rosen

Paul Jorgensen

DiscussantAlain ParguezChairMario Seccareccia

15: 15 –16: 45 ROOM CC7

Challenging Economic Injustice Through Literature: What can economists learn from authors like Ruskin, Balzac, and Goethe?SpeakersNicholas BoyleLynn ParramoreJeffrey SpearSara Thornton

DiscussantDouglass CarmichaelChairRobert Johnson

15:30 –1 7: 0 0 ROOM CC5

The Problem of Capital FlightSpeakersMelvin AyoguLéonce NdikumanaEleni Tsingou

DiscussantEric BerglofChairVera Mshana

16: 15 –1 7: 45 ROOM CC9

Macroeconomic Externalities

Speakers Martin GuzmanMichael KumhofBenoit MojonJoseph Stiglitz

ChairPerry Mehrling

12 New Economic Thinking

Saturday, April 11 Conference10:00 10:15 10:30 10:45 11:00 11:15 11:30 11:45 12:00 12:15 12:30 12:45 13:00 13:15 13:30 13:45

Large Round Discussion for Economics…

Durable Inequality and Individual Diff...

The Eurozone Crisis

How Did Bad Economics Crowd Out Good…

Teaching Economics

Finance, Sustainability and the Environment

Ukraine & The Future of Europe

10: 0 0 –11:30 ROOM CC10

Large Round Discussion for Economics Curriculum for ActivistsSpeakersLouison Cahen-FourotLaurène TranClaire JonesYuan Yang

DiscussantRobert JohnsonChairRobert Johnson

10: 15 –11: 45 ROOM CC6

Durable Inequality and Individual Differences in Capacities and BehaviorSpeakersSam BowlesJames HeckmanRobert Sampson

DiscussantArjun JayadevChairArjun Jayadev

10:30 –12: 0 0 ROOM CC9

The Eurozone Crisis: Fiscal Profligacy Or Capital Flows As Final CausesSpeakersDomenico LombardiHans-Werner SinnServaas StormAndrea Terzi

ChairAdair Turner

LU N C H

10: 45 –12: 15 ROOM CC4

How Did Bad Economics Crowd Out Good Economics? Evidence from Citation Analysis SpeakersCarlo D’IppolitiJakob KapellerLeonard Seabrooke

DiscussantThomas FergusonChairThomas Ferguson

11: 0 0 –12:30 ROOM CC7

Teaching EconomicsSpeakersWendy CarlinMarc Lavoie

DiscussantWilfried AltzingerChairPerry Mehrling

11: 15 –12: 45 ROOM CC5

Finance, Sustainability and the Environment SpeakersCameron HepburnRens Van TilburgUlrich Volz

ChairIan Goldin

12: 0 0 –13:30 ROOM CC1

Ukraine & The Future of EuropeSpeakersErik BerglofChris CanavanJames Kurth

ChairChrystia Freeland

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By Invitation Saturday, April 11Opéra Garnier 8 Rue Scribe, 75009

19:30

George Soros on the Future of EuropeWith the recent political tremors emanating from Greece, there is renewed focus on the existential threats facing Europe’s monetary union. Until recently, the great achievement of the EU had been to reduce the probability of violent nationalist conflict among some of its members to a vanishing small probability while improving the economic lot of its members. But in spite of the salesmanship surrounding the adoption of the single currency zone, much of this reduction in the propensity toward violence and economic growth took place before the adoption of the euro. Given the high prevailing rates of unemployment and a policy focus which seems incapable of addressing Europe’s growing political fracturing, is it time to consider the notion of giving up the euro? Or is there a wiser alternative that can address the immediate crises and establish a new growth dynamic in the EU?

78 New Economic Thinking

Young Scholars Initiative

ineteconomics.org/ysi

facebook.com/groups/ysicommons/

ysi@ineteconomics.org

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The Young Scholars Initiative (YSI) is an international community of new economic thinkers comprised of students, young professionals, and researchers, supported by the Institute for New Economic Thinking.

VisionThe Institute for New Economic Thinking’s Young Scholars Initiative (YSI) envisions economic thinking free of intellectual barriers that resonates with reality and serves our global society.

MissionYSI supports and inspires the next generation of new economic thinkers. As a community, YSI seeks to transform the discourse in economics by establishing an open space for economic thought and inquiry. Ultimately, the program aims to renew economic thinking by embodying the change it hopes to see.

New Economic ThinkingYSI believes that there are many ways of thinking about the economy. So what “new economic thinking” means specifically, in terms of ideas and topics, is left up to every individual. What brings the community together is a spirit of new economic thinking—a certain way of studying, questioning, and conducting economics, as reflected by the objectives and values of the community. This is what makes new economic thinkers.

Objectives • Engage a global community of new economic

thinkers• Open up new ways to approach economic

issues • Bridge silos and break existing silences • Understand the foundations of economics • Support the next generation of new economic

thinkers

Get connected to Nobel laureates and top new economic thinkers

Gain access to exclusive events and conferences featuring today’s leading economists

Network with peers and find mentors from around the globe

Currently more than 4,000 members on community platforms

71 coordinators across the Americas, Europe, Asia, and Africa

Inclusive Respectful Collaborative Non-Partisan Humble

80 New Economic Thinking

YSI Welcome Plenary Wednesday, April 8Forum Des Images Porte Saint Eustache 2 rue du Cinéma, 75001

15: 0 0 –1 7: 0 0

New Economic Thinking— A Personal Take

Dennis SnowerPerry Mehrling

Welcoming remarks by the YSI Working Groups

Collectively walk to the opening of INET’s plenary conference with Thomas Piketty, Joseph Stiglitz at 18:30.

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13:30 13:45 14:00 14:15 14:30 14:45 15:00 15:15 15:30 15:45 16:00 16:15 16:30 16:45

A Conversation on Economic…

Curriculum Reform

Macroeconomic Policies in the Eurozone

Curriculum Reform II

Thursday, April 9 YSI Working Group Program10:00 10:15 10:30 10:45 11:00 11:15 11:30 11:45 12:00 12:15 12:30 12:45 13:00 13:15

The Nature of Scientific Knowledge

The Future of Economics Revisited

Meet the YSI Agent-based…

10: 0 0 –11: 0 0 ROOM CC1

YSI PHILOSOPHY OF ECONOMICS WORKING GROUP

The Nature of Scientific KnowledgeMark Notturno

12: 0 0 –13: 0 0 ROOM CC9

YSI PHILOSOPHY OF ECONOMICS WORKING GROUP

The Future of Economics RevisitedJohn DavisWade Hands

LU N C H

12: 15 –13: 15 AUDITORIUM

Meet the YSI Agent-based Modelling Working Group

13: 45 –14: 45 ROOM CC1

YSI COMPLEXIT Y ECONOMICS WORKING GROUP

A Conversation on Economic ComplexityLuciano Pietronero

13: 45 –14: 45 AUDITORIUM

YSI-PEPS

Curriculum Reform

15: 45 –1 7: 0 0 ROOM CC1

YSI F INANCE, L AW, AND ECONOMICS WORKING GROUP

Macroeconomic Policies in the EurozoneJoseph Stiglitz

16: 0 0 –1 7: 0 0 AUDITORIUM

YSI-PEPS

Curriculum Reform II

82 New Economic Thinking

13:30 13:45 14:00 14:15 14:30 14:45 15:00 15:15 15:30 15:45 16:00 16:15 16:30 16:45

Sectoral Balances… [cont.]

How to make Finance Serve Society

Power and Privilege in Economics

The Concept of Innovation in...

Friday, April 109:45 10:00 10:15 10:30 10:45 11:00 11:15 11:30 11:45 12:00 12:15 12:30 12:45 13:00

Debt and Democracy in the 20th…

Meet student groups

Exploring Alternative Academic…

Sectoral Balances…

9: 45 –10: 45 ROOM CC1

YSI ECONOMIC HISTORY WORKING GROUP

Debt and Democracy in the 20th CenturyMarcello De CeccoPeter Temin Thomas Ferguson

10: 0 0 –11: 0 0 AUDITORIUM

Meet Rethinking Economics, PEPS-economie, Netzwerk fűr Plurale Oekonomik, ISIPE and other student groups

12: 0 0 –13: 0 0 AUDITORIUM

YSI-PEPS

Exploring Alternative Academic Institutional Frameworks

12:30 –14:30 AUDITORIUM

YSI F INANCIAL STABILIT Y WORKING GROUP

Sectoral Balances in the EurozoneMarc LavoieDirk EhntsDaniel NeilsonStephen Kinsella

14: 0 0 –15: 0 0 AUDITORIUM

JOINT SESSION WITH 1ST VIENNA CONFERENCE ON PLURALISM IN ECONOM-ICS GROUP

How to make Finance Serve Society (web-conference)Gerald EpsteinLord Adair Turner

16: 0 0 –1 7: 0 0 CC1

YSI PHILOSOPHY WORKING GROUP

Power and Privilege in EconomicsJulie NelsonSanjay Reddy

16: 0 0 –1 7: 0 0 AUDITORIUM

YSI INNOVATION WORKING GROUP

The Concept of Innovation in EconomicsWilliam Lazonick

LU N C H

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13:15 13:30 13:45 14:00 14:15 14:30 14:45 15:00 15:15

YSI Closing Plenary

Saturday, April 119:45 10:00 10:15 10:30 10:45 11:00 11:15 11:30 11:45 12:00 12:15 12:30 12:45 13:00

The Future of Market-based Credit

Data Sets and Opportunities…

Meet the Neuro-Science…

9: 45 –10: 45 ROOM CC1

YSI F INANCIAL STABILIT Y WORKING GROUP

The Future of Market-based CreditPerry MehrlingDaniel H. Neilson

10: 0 0 –11: 0 0 AUDITORIUM

YSI INEQUALIT Y WORKING GROUP

Data Sets and Opportunities Available for Students in Inequality ResearchBranko Milanovic

11: 0 0 –12: 0 0 AUDITORIUM

Meet the Neuro-Science and Behavioral Economics Working Group

14: 0 0 –15:30 ROOM CC1

YSI Closing Plenary

LU N C H

76 New Economic Thinking

The Institute for New Economic Thinking is a New York City-based research and education nonprofit foundation designed to broaden and accelerate the development of a new field of economic thought that will lead to real-world solutions to the key challenges of the 21st century. Created in response to the global financial crisis of 2007 and 2008, the Institute is supporting this fundamental shift in economic ideas by funding academic research, building communities of new economic thinkers, and spreading the word about the need for change. The Institute was co-founded by George Soros, William Janeway, and Jim Balsillie.

www.ineteconomics.org

www.ineteconomics.org

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@ineteconomics

youtube.com/user/ineteconomics

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