Past Event
Declining competition: a transatlantic challenge
Join us for a discussion of transatlantic competition with Kristalina Georgieva, Margrethe Vestager and Amy Klobuchar among others.
Video recording
New IMF research shows that the pandemic has furthered the trend toward rising market power in advanced economies. Rising market power has been associated with declining business dynamism and lower wages, and M&As by dominant firms have reinforced it. For these reasons, the Fund sees a case for enhanced competition policy frameworks to cope with the rise in market power in general, and in the digital economy in particular.
At this event, divided into two sessions, speakers discussed the issue of the rise in market power of members of the digital markets and the scope for enhanced competition policy to tackle this trend.
This event was organised in cooperation with the Brookings Institution.
Background reading
Rising Corporate Market Power : Emerging Policy Issues, IMF Staff Discussion Note
Schedule
14:00-14:40
Policymakers' panel
Chair: David Wessel, Director - The Hutchins Center on Fiscal and Monetary Policy Senior Fellow - Economic Studies, Brookings
Chair: Guntram B. Wolff, Director
Kristalina Georgieva, Managing Director, International Monetary Fund
Amy Klobuchar, Senator, the United States
Margrethe Vestager, Executive Vice-President, European Commission
14:40-15:00
Q&A
15:00-15:45
Experts' panel
Chair: Greg Ip, Chief economics commentator, The Wall Street Journal
Romain Duval, Assistant Director, Research, International Monetary Fund
Nancy Rose, Charles P. Kindleberger Professor of Applied Economics, MIT
Tommaso Valletti, Professor of Economics, Imperial College Business School
Speakers

Romain Duval
Assistant Director, Research, International Monetary Fund

Kristalina Georgieva
Managing Director, International Monetary Fund

Greg Ip
Chief economics commentator, The Wall Street Journal

Amy Klobuchar
Senator, the United States

Nancy Rose
Charles P. Kindleberger Professor of Applied Economics, MIT

Tommaso Valletti
Professor of Economics, Imperial College Business School

Margrethe Vestager
Executive Vice-President, European Commission

David Wessel
Director - The Hutchins Center on Fiscal and Monetary Policy Senior Fellow - Economic Studies, Brookings

Guntram B. Wolff
Director
Location & Contact
Katja Knezevic
[email protected]