Webinar Link

Meeting No: 2518 293 2473
Password: sync

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Abstract

Globalization is often associated with increasing co-movement across countries. However, recent evidence points to a growing divergence between prices and quantities. While asset prices and inflation have become more synchronized internationally, output and credit cycles remain comparatively less aligned. This distinction challenges conventional assumptions about global business cycles and raises important questions about shock transmission, policy autonomy, and financial stability. By separating price dynamics from real economic activity, the discussion offers a fresh perspective on global macroeconomic integration, and in this webinar, the speaker will examine these contrasting trends and their implications for policymakers and researchers.

About the Speakers

Surjit Bhalla

Dr. S.S. Bhalla, is a Senior India Analyst for the Observatory Group, a New York based macroeconomic policy advisory firm and Chairman of Oxus Research & Investments. In 2017, he was appointed as Member of the Prime Minister’s Economic Advisory Council. He has been a member of the Secondary Markets Advisory Committee of SEBI and the National Statistical Commission of India. Dr Bhalla writes extensively on economic issues and has recently authored another book titled, The New Wealth of Nations.

Antoine Camous

Antoine Camous is a Research Economist at Banque de France, in the Financial Research Division. Prior to joining Banque de France, he was an Assistant Professor at the University of Mannheim and holds a PhD in Economics from the European University Institute. His research focuses on macroeconomic issues related to the conduct of monetary and fiscal policy, central bank communication, financial stability, and the functioning of monetary unions.

Sweta Saxena

Ms. Sweta Saxena was the Chief of Staff and the Director of Gender, Poverty and Social Policy Division at the United Nations Economic Commission for Africa. From 2018–2022, she served as the Chief in the Macroeconomic Policy and Financing for Development Division at the UN Economic and Social Commission for Asia and the Pacific (UNESCAP) in Bangkok, Thailand, where she led 4 flagship reports that mainstreamed sustainable development in economic policymaking. Prior to this, Ms. Saxena worked at the IMF (Washington DC), BIS (Switzerland) and University of Pittsburgh (USA). Her research has appeared in top journals (AER, JEL, JIE).

Ms. Saxena has a PhD in economics from the University of Washington, an M.A. in Economics from the Delhi School of Economics and a B.A. in Economics from Lady Shri Ram College, Delhi University.