Berlin conference on the global economy – CEPS, the German Ministry of Finance and Deutsche Bundesbank

 

“Towards a more resilient global economy” was the theme of the conference organised by CEPS in cooperation with the German Ministry of Finance and Deutsche Bundesbank on November 30th, before the official opening of the finance track of the German Presidency of the G20 by Finance Minister Wolfgang Schäuble. This high level international event brought together over 200 G20 delegates and over 80 leading economists and policymakers from all over the world, invited by CEPS. Among them, two Nobel Prize winners, the Chairs of the European Stability Mechanism and European Fiscal Board, and senior representatives from the IMF, OECD, European Central Bank and European Investment Fund.

The main challenges on the global financial agenda were tackled in six parallel streams: how to improve the quality of public finances, fiscal institutions and fiscal transparency; how to balance the commitment to inclusive growth with the need for sustainable and growth-friendly social security systems; how to mobilise revenues, especially in EMEs; and how to design efficient tax systems, notably in the era of digitalisation. Experts discussed the macro- and micro-economic factors that will determine the stability of the world’s financial architecture, and how to foster economic resilience in the medium term to enhance the G20’s preparedness for future crises.