Joint OECD-IMF-BIS Conference
Date: 10-11 January 2018
Venue: OECD Headquarters, PARIS
|Who's Who||Background papers||Presentations|
Financial systems play a vital role in boosting productivity growth by allocating resources efficiently and facilitating investment and innovation. Yet, financial systems are also prone to costly booms and busts, which can leave deep scars on the productive tissue of the economy. Indeed, in the aftermath of the 2008 global financial crisis, productivity growth has stagnated in advanced economies despite very easy monetary conditions. But even before the crisis productivity had already been slowing in several countries. To what extent are these developments explained by financial factors and policy actions? What policies are needed today to speed up the recovery in productivity growth?
These, and many more questions related to “Weak productivity: the role of financial factors and policies” were addressed in this joint BIS-IMF-OECD, co-sponsored by the Global Forum on Productivity.
The conference brought together high-level policy makers, top academics and experts on productivity and finance.
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