Webinar Link

Meeting No: 2517 795 5701
Password: trade

Certificate of Participants

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Abstract

Against the backdrop of persistent and widening global imbalances, current account positions across economies are increasingly shaped by structural conditions, domestic macroeconomic policies and policy-driven interventions. Saving, investment and consumption patterns influence external balances, while industrial policies and capital flow management can reshape these outcomes in different ways. Micro-level industrial interventions targeting specific sectors often have limited and uncertain effects on current accounts, whereas broader macro-industrial strategies may significantly influence external balances, sometimes at the cost of reduced domestic consumption. Trade restrictions introduced to correct imbalances also tend to produce meaningful results only when temporary or supported by stronger public savings. The webinar critically examines these dynamics and explores how coordinated domestic rebalancing by both surplus and deficit economies, along with international cooperation, policy coordination, enhanced surveillance and deeper policy dialogue, can contribute to sustainable and balanced global economic development.

About the Speakers

Manasa Patman

Manasa Patnam is the Deputy Division Chief of the Multilateral Surveillance Division in the Research Department of the International Monetary Fund (IMF). Prior to her current role, she held positions in the IMF's European Department and Strategy, Policy, and Review Department, contributing to country surveillance and program work, policy design and review, as well as multilateral research on topics including innovation, macroprudential policy, fintech, and financial inclusion. Before joining the Fund, she was an Assistant Professor of Economics at ENSAE ParisTech and CREST. She holds a Ph.D. in Economics from the University of Cambridge. Her research spans global imbalances, international spillovers, economic networks, macroprudential policy, corporate taxation, fintech, and machine learning applications in macroeconomic forecasting. Her work has been published in leading academic journals, including the Journal of Econometrics, the Economic Journal, IMF Economic Review, Journal of Development Economics, Quantitative Economics, Journal of Economic Behavior and Organization, Journal of Banking and Finance, and Economics Letters.