Global Macroeconomic Outlook
In the second half of last century, the world economy enjoyed high productivity growth. Trade barriers were reduced: central bankers kept inflation to a minimum and the economies of China and India, among others, started a process of catching up with industrialized countries. By the end of the century, the EMU was created, bringing stability and high growth to Europe's periphery.
These positive achievements started to crumble with the great recession of 2009. It brought a period of uncertainty and disarray that still affects the economy. It manifests itself in various ways: banking crises, liquidity tsunamis, boom and bust commodity prices, high debt, populism from both right and left, Brexit, inequality, etc. In this session we will discuss the potential impact of these shocks.
*Note that registration must be done before April 19th
Head of Department, Economics / Academic Director, Global CEO IESE-Wharton-CEIBS ProgramPedro Videla is currently the chairman of the Economics Department at IESE Business School. He holds a Ph.D. and an MA in economics, both from the University of Chicago, and a commercial engineering degree in economics from the Universidad Católica de Chile. <BR> <BR>His areas of specialization include macroeconomics, international economies and emerging economies. <BR> <BR>As a consultant Prof. Videla has been involved in projects with institutions such as the World Bank, IMF, EU, the Inter American Development Bank, and the USAID. <BR> <BR>He has been a guest professor at many universities worldwide, including Reykjavik University (Iceland), Nile University (Egypt), Lagos Business School (Nigeria), CEIBS (China), Universidad de los Andes, (Chile) and Wharton School (USA).<BR>