TF-1: Macroeconomics, Trade, and Livelihoods: Policy Coherence and International Coordination

The current global scenario requires coordinated efforts by the G20 countries to deal with monetary, fiscal, trade, and investment policies to ensure employment and better livelihoods. The G20 and international financial institutions may aim at a monetary policy that could strike a balance between liquidity, interest rate, and exchange rate to control macroeconomic imbalances. Fiscal measures need to be designed for coherent and balanced economic policies that stimulate growth. With macroeconomic stability, recovery of trade may open up opportunities for MSMEs, which would augment employment and livelihoods. Hence, it is important to discuss ways of promoting better coherence within countries on monetary and fiscal policies as well as stronger international coordination among nations, and also suggest ways to make them responsive to economic imperatives. The task force will also examine the interrelationship between trade and investment policy and global supply chains, and how they are impacted and shaped by national macro-economic policies.

Workstreams:

Monetary Synchronisation and Fiscal Space
Trade, Investment, and Supply Chain Resilience
Economic Growth, Employment, and Livelihoods

CHAIRS:

Poonam Gupta

National Council of Applied Economic Research (NCAER), New Delhi

Dr. Poonam Gupta is the Director General of NCAER, and a member of the Economic Advisory Council to the Prime Minister.

N. R. Bhanumurthy

Dr. B R Ambedkar School of Economics University (BASE University), Bengaluru

Professor N. R. Bhanumurthy is the first Vice-Chancellor of Dr. B.R. Ambedkar School of Economics University, Bengaluru (BASE University).

Co-CHAIRS:

Albert Park

Asian Development Bank, Tokyo

Dr. Albert F. Park is Chief Economist of the Asian Development Bank (ADB) and Director General of its Economic Research and Regional Cooperation Department.

Axel Berger

German Institute of Development and Sustainability, Germany

Dr. Axel Berger is Deputy Director (interim) at the German Institute of Development and Sustainability (IDOS) and Managing Director of the Sustainable Development Solutions Network (SDSN) Germany.

Fukunari Kimura

The Economic Research Institute for ASEAN and East Asia, Indonesia (ERIA), Jakarta

Dr. Fukunari Kimura has been Chief Economist, Economic Research Institute for ASEAN and East Asia (ERIA), Jakarta, Indonesia since 2008 and Professor, Faculty of Economics, Keio University, Tokyo, Japan since 2000.

Gala Díaz Langou

Center for the Implementation of Public Policies for Equity and Growth (CIPPEC), Argentina

Professor Gala Díaz Langou is the Executive Director Center for the Implementation of Public Policies Promoting Equity and Growth (CIPPEC), and Professor at di Tella University.

Gülbin Şahinbeyoğlu

Economic Policy Research Foundation of Turkey, Turkey

Ms. Gülbin Şahinbeyoğlu is the Director at the Economic Data Analysis Center of the Economic Policy Research Foundation of Turkey.

Harsha Singh

Global Trade Observer, India

Dr. Harsha Vardhana Singh is the Chairman at Ikdhvaj Advisers LLP, a boutique consulting firm on trade policy, industrial policy and regulatory policy.

Heungchong Kim

The Korea Institute for International Economic Policy, Republic of Korea

Dr. Heungchong Kim is the President of the Korea Institute for International Economic Policy (KIEP).

Marcos Caramuru

Brazilian Center for International Relations, Brazil

Ambassador Marcos Caramuru is a Member of the International Advisory Board of the Brazilian Center for International Relations (CEBRI), and the former Ambassador of Brazil to the People's Republic of China (2016-2018).

Pami Dua

Director and Senior Professor of Economics, Delhi School of Economics, University of Delhi

Dr. Pami Dua is Director of the Delhi School of Economics and Senior Professor of Economics.

Radhicka Kapoor

Indian Council for Research on International Economic Relations, India

Dr. Radhicka Kapoor is a Senior Visiting Fellow at the Indian Council for Research on International Economic Relations (ICRIER).

Rakesh Mohan

The Centre for Social and Economic Progress, India

Dr. Rakesh Mohan is President and Distinguished Fellow at the Centre for Social and Economic Progress (CSEP), India.

S.K. Mohanty

Research and Information System for Developing Countries, India

Professor S.K. Mohanty is a Professor at the Research and Information System for Developing Countries (RIS), India.

Sergio Alcocer

Mexican Council of Foreign Affairs, Mexico

Dr. Sergio M. Alcocer is a Research Professor in the Institute of Engineering of the National Autonomous University of Mexico (UNAM), and Founder and President of México Exponencial, a think tank for the development of public policy and strategies for embracing exponential technologies in Mexico.

Tetsushi Sonobe

Asian Development Bank Institute (ADBI), Japan

Dr. Tetsushi Sonobe is the Dean and CEO of the Asian Development Bank Institute (ADBI), the Tokyo-based think tank of the Asian Development Bank that promotes the realization of a prosperous, inclusive, resilient, and sustainable Asia and the Pacific through policy research and capacity building.

Vera Helena Thorstensen

Center for Global Trade and Investment Studies, Brazil

Dr. Vera Thorstensen is a Professor at the FGV School of Economics in São Paulo (Getulio Vargas Foundation), and the Head of the Centre of Studies on Global Trade and Investments (CCGI).