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

Co-CHAIRS:

• Albert Park, Asian Development Bank, Tokyo
• Axel Berger, German Institute of Development and Sustainability, Germany
• Fukunari Kimura, The Economic Research Institute for ASEAN and East Asia, Indonesia (ERIA), Jakarta
• Gala Díaz Langou, Center for the Implementation of Public Policies for Equity and Growth (CIPPEC), Argentina
• Gülbin Şahinbeyoğlu, Economic Policy Research Foundation of Turkey, Turkey
• Harsha Vardhan Singh, Global Trade Observer, India
• Heungchong Kim, The Korea Institute for International Economic Policy, Republic of Korea
• Marcos Caramuru, Brazilian Center for International Relations, Brazil
• Pami Dua, Delhi School of Economics, India
• Radhicka Kapoor, Indian Council for Research on International Economic Relations, India
• Rakesh Mohan, The Centre for Social and Economic Progress, India
• S.K. Mohanty, Research and Information System for Developing Countries, India
• Sergio Alcocer, Mexican Council of Foreign Affairs, Mexico
• Tetsushi Sonobe, Asian Development Bank Institute (ADBI), Japan
• Vera Helena Thorstensen, Center for Global Trade and Investment Studies, Brazil
• Yose Rizal Damuri, Centre for Strategic and International Studies (CSIS), Indonesia