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IMF team comes to present the World Economic Outlook at Sciences Po: May 4; 17h19h; Amphi Caquot

Ravi Balakrishnan and Prakash Kannan

Presenters will discuss the analytical chapter on the behavior of unemployment during recessions and recoveries. The “Great Recession” has resulted in large increases in unemployment for several advanced economies. For some of these economies, the slow expected recovery in output along with the nature of the recent recession—financial crisis combined with a house price bust—imply that unemployment is expected to remain high in the near-term posing significant political and social challenges. What explains the cross-country variation in unemployment responses during the Great Recession? What are the prospects for recovery? What policies may help promote job creation?

Ravi Balakrishnan is a Senior Economist in the Research Department of the International Monetary Fund, where he works in the World Economic Studies Division. Mr. Balakrishnan, a U.K. national, holds a Ph.D. in economics from the London School of Economics. He started his career at the Bank of England and Bank of Spain, before joining the IMF in 2001. Since then, he has worked on various countries, including Bolivia and the United States, before taking up his current position. His policy and research interests are labor and job dynamics, inflation dynamics, exchange rate dynamics and capital flows, and capital markets and financial systems. His research has been published in the European Economic Review, the Journal of International Money and Finance, and IMF staff papers.

Prakash Kannan is an Economist at the Research Department of the International Monetary Fund. He also served as the desk economist for Turkey in the European Department. His research interests fall in the general field of international macroeconomics. He has published in the European Economic Review, and has written several book chapters including NBER Conference volumes and the IMF's World Economic Outlook. He has a Ph.D. in Economics from Stanford University a bachelor’s degree in Economics from MIT. Prior to his career at the Fund, he was an economist at the Central Bank of Malaysia.