UCL Institute for Innovation and Public Purpose


Whatever it takes: The macroeconomic response to COVID-19

18 May 2020, 6:30 pm–8:00 pm

Whatever it takes: The macroeconomic response to COVID-19

Join the Institute for Innovation and Public Purpose (IIPP) for the first event of our new virtual series, 'A global engagement series: Public purpose in the time of COVID-19' to discuss the macroeconomic response to COVID-19 with leading experts Stephanie Kelton, Jan Kregel and Josh Ryan-Collins.

This event is free.

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UCL Institute for Innovation and Public Purpose

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Coronavirus has caused an unprecedented economic collapse in advanced economies. The response of central banks and ministries of finance has been equally remarkable in scale and rapidity, but has it been effective?

If not, what kinds of macroeconomic response are appropriate when supply and demand must be restrained at least in the short to medium-term? Longer-term questions are also emerging around debt sustainability, the threat of both deflation and inflation and the opportunities for creating a more sustainable and inclusive post-COVID-19 economy.

This webinar explores these issues with a focus on the U.S. and European economies.

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This event will be live-streamed via Zoom. Please sign up using the link above. 

Please note there are limited virtual seats available for this event. We will also be live-streaming the event on YouTube, so please follow IIPP on Twitter @IIPP_UCL where we will be sharing the YouTube link on the day of the event if you are unable to register for a ticket.

A global engagement series: Public purpose in the time of COVID-19

Hosted by the UCL Institute for Innovation and Public Purpose (IIPP), this virtual events series will ask the questions: What ​is ‘public purpose’ in the time of a global pandemic? What is the role of the State in shaping a social and economic recovery with a new directionality? Throughout the series, IIPP will be in conversation with leading global thinkers on today’s most pressing challenges, from the macroeconomic policy response to the effectiveness of different public governance solutions and civic engagement experimentation.

This series will also explore how to give public purpose to powerful digital technologies and rebuild more resilient economic systems and institutions, as well as what is needed across emerging economies to avoid spiralling into more debt and inequality.

The current global COVID-19 crisis is a wake-up call for a new public purpose which works for a more inclusive and sustainable global society.

Follow the conversation at #IIPPCOVID19

About the Speakers

Stephanie Kelton

Professor of Economics and Public Policy at Stony Brook University, New York

Stephanie Kelton is a Professor of Economics and Public Policy at Stony Brook University. She is a leading expert on Modern Monetary Theory and a former Chief Economist on the U.S. Senate Budget Committee (Democratic staff). She holds Visiting Professorships at The New School for Social Research, the University of Ljubljana, and the University of Adelaide. POLITICO called her one of the 50 Most Influential Thinkers in 2016, Bloomberg listed her as one of the 50 people who defined 2019, and Barron’s named her one of the 100 most influential women in finance in 2020. Professor Kelton advises policymakers and consults with investment banks, and portfolio managers across the globe. She is also a member of IIPP's Advisory Board and is a regular commentator on national radio and broadcast television. Her highly-anticipated book, The Deficit Myth, will be published June 9, 2020.

More about Stephanie Kelton

Jan Kregel

Director of Research at Levy Economics Institute of Bard College, New York

Jan Kregel is director of research at the Levy Economics Institute, director of the Levy Institute master’s program in economic theory and policy, and head of the Institute’s Monetary Policy and Financial Structure program. He also holds the position of professor of development finance at Tallinn University of Technology. In 2009, Kregel served as Rapporteur of the President of the UN General Assembly’s Commission on Reform of the International Financial System. He previously directed the Policy Analysis and Development Branch of the UN Financing for Development Office. In 2010 he received the  Veblen–Commons Award by the Association for Evolutionary Economics and in  2011 elected to the Accademia Nazionale dei Lincei. A Life Fellow of the Royal Economic Society and Elected member of the Societa Italiana degli Economisti.

More about Jan Kregel

Josh Ryan-Collins (Chair)

Senior Research Fellow in Economics and Finance at UCL Institute for Innovation and Public Purpose

Josh Ryan-Collins is Senior Research Fellow in Economics and Finance at the UCL Institute for Innovation and Public Purpose (IIPP). His research focuses on the interaction between finance and the macroeconomy with a particular interest in the land market and environmental sustainability.  He is the author of three books, two co-authored: Where Does Money Come From? (2011), Rethinking the Economics of Land and Housing (2017) and Why Can’t you Afford a Home (2018, Polity). He was previously Senior Economist and Head of the Finance program with the New Economics Foundation (NEF), one of the UK’s leading progressive think tanks. 

More about Josh Ryan-Collins (Chair)