A Conversation on the Global Economy
September 28, 2016Washington, DC

  • Kaushik Basu

    Kaushik Basu

    Senior Vice President and Chief Economist, World Bank
    Kaushik Basu is World Bank Senior Vice President and Chief Economist. Prior to this, he served as Chief Economic Adviser to the Government of India and is currently on leave from Cornell University where he is Professor of Economics and the C. Marks Professor of International Studies. Basu is a Fellow of the Econometric Society and has received India’s Padma Bhushan award, the inaugural Professor A.L. Nagar Fellow award, as well as the National Mahalanobis Memorial award. Basu’s contributions span development and welfare economics, industrial organization, and game theory. He has taught at the Delhi School of Economics, Harvard, Princeton and MIT. He is widely published in journals and scholarly volumes. He has authored several books, including Beyond the Invisible Hand: Groundwork for a new Economics (2010).
  • Jason Furman

    Jason Furman

    Chairman of the Council of Economic Advisers
    Jason Furman is the Chairman of the Council of Economic Advisers. Prior to this role, Furman served as Assistant to the President for Economic Policy and the Principal Deputy Director of the National Economic Council. From 2007 to 2008 Furman was a Senior Fellow in Economic Studies and Director of the Hamilton Project at the Brookings Institute. Previously, he served as a Staff Economist at the Council of Economic Advisers, a Special Assistant to the President for Economic Policy at the National Economic Council under President Clinton and Senior Adviser to the Chief Economist and Senior Vice President of the World Bank. Furman was the Economic Policy Director for Obama for America.
  • Maurice Obstfeld

    Maurice Obstfeld

    Economic Counsellor and Director of Research, International Monetary Fund
    Maurice Obstfeld is the Economic Counsellor and Director of Research at the International Monetary Fund, on leave from the University of California, Berkeley. At Berkeley, he is the Class of 1958 Professor of Economics and formerly Chair of the Department of Economics (1998–2001). He arrived at Berkeley in 1991 as a professor, following permanent appointments at Columbia (1979–1986) and the University of Pennsylvania (1986-1989), and a visiting appointment at Harvard (1989-90). From July 2014 to August 2015, Dr. Obstfeld served as a Member of President Obama’s Council of Economic Advisers. He was previously (2002–2014) an honorary advisor to the Bank of Japan's Institute of Monetary and Economic Studies. He is also the co-author of two leading textbooks on international economics as well as more than 100 research articles on exchange rates, international financial crises, global capital markets, and monetary policy. He received his Ph.D. in economics from MIT in 1979 after attending the University of Pennsylvania (B.A., 1973) and King’s College, Cambridge University (M.A., 1975).
  • David Wessel

    David Wessel

    Director, The Hutchins Center on Fiscal and Monetary Policy, Brookings
    David Wessel is a senior fellow in Economic Studies at Brookings and director of the Hutchins Center on Fiscal and Monetary Policy, the mission of which is to improve the quality of fiscal and monetary policies and public understanding of them. He joined Brookings in December 2013 after 30 years on the staff of The Wall Street Journal where, most recently, he was economics editor and wrote the weekly Capital column. He is a contributing correspondent to The Wall Street Journal, appears frequently on NPR’s Morning Edition and tweets often at @davidmwessel.

The outlook for the global economy is disappointing. Growth is projected to be unchanged and global trade remains stagnant. Negative interest rates and other unconventional monetary policies have been widely accommodated and anti-globalization sentiment is on the rise. Is there a silver lining in all of this? Join World Bank Chief Economist Kaushik Basu, as discusses the biggest threats and opportunities in the outlook of the global economy with Jason Furman, Chairman of the Council of Economic Advisors, Maurice Obstfeld, Economic Counsellor and Director of Research at the International Monetary Fund. The event will be moderated by David Wessel, a Senior Fellow at the Brookings Institution.

The Development Economics Vice Presidency (DEC) launched its lecture series in April 2005 to bring distinguished academics to the Bank to present and discuss new knowledge on development. The purpose of the Lecture Series is to introduce ideas on cutting edge research, challenge and contribute to the Bank's intellectual climate, and reexamine current development theories and practices. The Lectures revisit issues of long-standing concern and explore emerging issues that promise to be central to future development discourse. The Lecture Series reflects DEC’s commitment to intellectual leadership and openness in embracing future challenges to reduce poverty.

The DEC Lecture Series is chaired by Kaushik Basu, Senior Vice President and Chief Economist, and includes a presentation and floor discussion.

Lecture Details
  • Date: Wednesday, September 28, 2016
  • Time: 12:30 – 2:00 PM
  • Venue: Preston Auditorium