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At the N.Y. Fed: The Transatlantic Economy: Convergence or Divergence?

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Abstract
On April 18, 2016, the New York Fed hosted a conference on current and future policy directions for the linked economies of Europe and the United States. “The Transatlantic Economy: Convergence or Divergence?”—organized jointly with the Centre for Economic Policy Research and the European Commission—brought together U.S. and Europe-based policymakers, regulators, and academics to discuss a series of important issues: Are the economies of the euro area and the United States on a convergent or divergent path? Are financial regulatory reforms making the banking and financial structures more similar? Will this imply a convergence in macroprudential policies? Which instruments do the United States and the euro area have at their disposal to raise investment, spur productivity, and avoid secular stagnation? In this post, we summarize the principal themes and findings of the conference discussion.

Suggested Citation

  • Moreno Bertoldi & Paolo Pesenti & Helene Rey & Valérie Rouxel-Laxton, 2016. "At the N.Y. Fed: The Transatlantic Economy: Convergence or Divergence?," Liberty Street Economics 20160603, Federal Reserve Bank of New York.
  • Handle: RePEc:fip:fednls:87134
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    More about this item

    Keywords

    Euro Area; policy coordination; financial markets; secular stagnation; fiscal policy; United States;
    All these keywords.

    JEL classification:

    • E2 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment
    • E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit
    • F00 - International Economics - - General - - - General
    • G2 - Financial Economics - - Financial Institutions and Services

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