Lessons For Policy Cooperation from the Crisis (2013-15)

The overall goal of the project is to foster discussion of a number of the challenges facing economic policy coordination in the new post-crisis environment, and an opportunity to consider how the theory and practice of coordination is altered by changes to the global economy.

A particular focus will be on where policy makers should direct their coordination efforts in the coming years.

At this crucial time for the world economy, as unilateralism and imbalances are on the rise and policy cooperation is receding, this project will provide both a comprehensive assessment of and recommendations on how to strengthen the analytical understanding of international interdependencies, how to build a framework for cooperation and how to deliver results.

The project will culminate in an edited volume of the papers presented at the workshops in Washington DC (September 2013) and in London (March 2014).

This project draws upon previous research on macroeconomic policy coordination by the International Economics Department. Research findings were included in a special issue of the Oxford Review of Economic Policy, “Managing Complexity: Global Economic Interdependencies and International Policy Coordination” (Autumn 2012) co-edited by Paola Subacchi, Chatham House, David Vines, University of Oxford, and Christopher Adam, University of Oxford.


Research events

  • Roundtable workshop, IMF headquarters, Washington DC, 12 September 2013
  • Event to present interim research results, IMF/WB annual meeting, 10 October 2013
  • I Study group, London, 13 March 2014
  • II Study group, Washington, July 2014


Research paper, Stephen Pickford and Tamim Bayoumi (IMF) April 2014

The project is developed in partnership with the International Monetary Fund (IMF). The contribution of the Bank of England is also kindly acknowledged.