Title: The Benefits of Prudent Risk Management Approach in Monetary Policy

Speaker: Ioannis Halikias, Senior Advisor at the Better Policy Project and Global Forecasting School, IMF Economist, and former graduate student of James Tobin (Yale) and Franco Modigliani (MIT)
Date: September 26
Time: 2:00 PM Lisbon/London Time

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Join us for an insightful seminar led by Ioannis Halikias, who will explore the Prudent Risk Management Approach in monetary policy. This framework, initially developed by the Central Bank of Armenia, is now being applied at central banks like the National Bank of Georgia. The seminar will discuss how this approach can be a useful model for thinking about IMF surveillance work and program design.

The Prudent Risk Management Approach emphasizes minimizing policy risks by adopting strategies of "least regrets," helping to avoid major economic disruptions. With a focus on managing excessive credit expansions and asset price bubbles, this framework is crucial in mitigating systemic risks that can lead to severe consequences—such as the 2008-2009 global financial crisis or potential future crises.

With his extensive experience at the IMF and deep academic foundation under the mentorship of renowned economists like James Tobin and Franco Modigliani, Ioannis Halikias will argue that this method can greatly enhance how international monetary organizations organize their resources. It provides central banks with the tools to assess economic vulnerabilities, manage credit expansions, and protect against global financial crises, fostering a more stable economic environment.

As part of his leadership role at the Global Forecasting School, Ioannis is responsible for ensuring that students reach the level of first-rate economists comparable to graduates of MIT and Yale. He ensures that students not only have a solid foundation in economics but also the tools to apply this knowledge effectively. Unlike traditional academic programs, the Global Forecasting School prioritizes excellence and practical ability over formal credentials. The school’s approach emphasizes real-world application and performance over mere academic credentials.

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Global Time Conversions:

• New York (EST): 9:00 AM

• Bogotá (COT): 8:00 AM

• Bangkok (ICT): 8:00 PM

• Seoul (KST): 10:00 PM

• Tbilisi, Georgia (GET): 5:00 PM

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Make sure to mark your calendars for tomorrow's seminar at the appropriate time in your region!