• Published on 23 May 2024
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11th Asian Forum to discuss monetary policy amid global economic shifts

The 11th Asian Monetary Policy Forum (AMPF) begins today in Singapore, uniting leading policymakers and academics to address challenges in the current macroeconomic and financial landscape.

The joint dinner for AMPF and the Asian Bureau of Finance and Economic Research (ABFER), taking place in the evening of 23 May, will be addressed by David Autor, professor of Massachusetts Institute of Technology. In his keynote speech, Autor will discuss the long-term implications of recent technologies, including generative artificial intelligence, on the labour market.

The forum sessions on 24 May will open with an address by  Axel Weber, president of Centre for Financial Studies, Goethe University. Weber’s remarks will focus on the global macro-financial conjuncture and the outlook for monetary policy.

Kenneth Rogoff, professor  from Harvard University will then deliver the commissioned paper on two competing hypotheses of interest rates and long-term global growth, and their relevance for Asia. The afternoon session will feature a panel on China’s growth challenges and prospects, with Wang Gungwu, professor at  National University of Singapore, Yu Yongding, professor at Chinese Academy of Social Sciences, Loren Brandt, professor at University of Toronto and Bert Hofman (NUS) as speaker. A Policy Note session by Beatrice Weder di Mauro, president of  Centre for Economic Policy Research, on the implications of Credit Suisse’s recent restructuring will round off the day’s programme.

The AMPF is the annual policy research event organised by the ABFER, NUS Business School, and MAS since 2014. It also receives financial support from the University of Chicago Booth School of Business.

Sumit Agarwal, president of ABFER, and Low Tuck Kwong distinguished professor at NUS Business School, said: “This year’s Asian Monetary Policy Forum comes at a pivotal moment as rapid technological advances and evolving economic structures reshape the global financial landscape. The insights from our distinguished speakers will provide invaluable perspectives on these transformations, enhancing our understanding of monetary policy and economic strategies in Asia and beyond.”

Edward S. Robinson, deputy managing director for economic policy and chief economist at MAS, said: “The AMPF has become an established platform to discuss applied research on monetary policy issues, with an emphasis on the Asian region. Sound policy requires sound analysis, and we are confident that this year’s AMPF will continue to leverage the collective wisdom of participants to offer insights that can credibly guide robust policymaking through the challenging landscape of high global debt, distributional effects of AI and divergent regional growth prospects.”

Re-disseminated by The Asian Banker