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.

Date: March 15, 2021, 2:00 pm Topic: Digital economy and innovation

Video recording

Bruegel · Declining competition A transatlantic challenge | 15 March 2021

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

Mar 15, 2021

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

Bruegel, Rue de la Charité 33, 1210 Brussels

Katja Knezevic

[email protected]

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