Conference on Income Inequality and Inclusive Growth
The Peterson Institute for International Economics (PIIE) and the McKinsey Global Institute (MGI) cohosted a conference on income inequality and inclusive growth on November 17, 2016. Paul Krugman, Nobel laureate and Distinguished Professor of Economics at the Graduate Center of the City University of New York, concluded the conference with a keynote address titled "After the Elephant Diagram."
The conference morning consisted of two panel discussions. The first panel focused on global inequality, beginning with a presentation by MGI partner Anu Madgavkar on MGI’s new report, Poorer than their parents: A new perspective on income inequality. Sandra Black, member of the US Council of Economic Advisers, offered her remarks drawing on the CEA’s recent research on the topic. Paolo Mauro, assistant director of the African department at the International Monetary Fund, shared his insights from his PIIE Working Paper, The Future of Worldwide Income Distribution.
The second panel focused on inclusive growth policy ideas for the next US administration. The panelists included Brad DeLong, professor of economics at the University of California, Berkeley; William Spriggs, chief economist at the AFL-CIO; Jonathan Woetzel, McKinsey & Company senior partner and MGI director; and Jeromin Zettelmeyer, senior fellow at PIIE since September and previously director-general for economic policy at the German Federal Ministry for Economic Affairs and Energy.