Fiscal Policy in an Era of Uncertainty: IMF, Bocconi and Bank of Italy Convene in Rome
On June 4–5, the Bank of Italy’s “Carlo Azeglio Ciampi” conference center in Rome hosts the international conference Fiscal Policy in an Era of Uncertainty, jointly organized by the International Monetary Fund (IMF), Bocconi University and the Bank of Italy. The event brings together leading scholars and policymakers to examine the challenges governments face in a period marked by high public debt levels, tighter financial conditions, growing macroeconomic risks and mounting pressures on public spending.
The conference, organized within the IMF Fiscal Affairs Department’s Sovereign Debt Network and held in conjunction with the 24th edition of the Bank of Italy’s Public Finance Workshop, provides an important forum for dialogue between academic research and international institutions. The organizing panel includes Bocconi’s Carlo Favero, Massimiliano Marcellino and Tommaso Monacelli.
Topics on the agenda include the effectiveness of fiscal policy under uncertainty, the role of expectations in economic decision-making, the interaction between fiscal and monetary policies, the effects of high public debt on inflation and financial stability, and the macroeconomic impact of redistributive policies.
The event takes place at a particularly challenging moment for the global economy. Governments around the world are grappling with elevated debt levels amid increasing economic and geopolitical uncertainty. In this context, the debate over how to design effective fiscal strategies has become central to ensuring both economic stability and long-term growth in advanced and emerging economies alike.
The conference will conclude with a panel discussion dedicated to the theme that gives the event its title: how to design and implement fiscal policies capable of supporting growth, preserving fiscal sustainability and strengthening economic resilience in the face of increasingly frequent and unpredictable shocks.
