Growth Models and the Politics
of Macroeconomic Policy

Research Conference | Cologne, May 23-25, 2018

Topic and Goal of the Conference

So far, the growth model perspective has sought to shift the emphasis in political economy research from the supply side to the demand side; specifically, from the institutional conditions contributing to countries’ competitiveness and innovation capacities, to the level and composition of aggregate demand and to patterns of inequality affecting both the level and composition of demand. While promising, this perspective needs further development, both theoretical and empirical. The goal of this workshop is to push the research agenda on growth models forward with regard to four areas in particular. First, there is a need to develop the politics of growth models more fully by incorporating the role of actors and supporting coalitions. Second, the analysis of growth drivers needs to be broadened to investment in housing, FDI, and other drivers, in addition to consumption and net exports. Furthermore, the focus on aggregate demand dynamics needs to allow for feedback effects of aggregate demand on aggregate supply (such as effects on productivity, human capital, and incentives for innovation) and to distinguish between demand drivers and innovation and productivity drivers. Finally, the insights of international political economy need to be better incorporated, in particular with regard to the constraints of particular international economic regimes on national-level macroeconomic policy.
The workshop aims to bring together a number of scholars at various stages of their career doing research on growth models and related topics. There are four sessions and a final roundtable. The number of papers, 12-13, seeks to strike a balance between breath and focus, and to ensure active participation and lively discussion of the various contributions.



Lucio Baccaro
Director at the Max Planck Institute for the Study of Societies, Cologne
Alexander Spielau
Postdoctoral Researcher at the Max Planck Institute for the Study of Societies, Cologne


Alexander Spielau

MPIfG: Conference "Growth Models and the Politics
of Macroeconomic Policy" | [Last updated 22.03.2018 18:42]