30 years of FMM: Shaping macroeconomics in times of global transformation
This year´s conference will be held on the dates of 22 till 24 October 2026. In the 1990s, supply-side economics dominated both economic theory and policy worldwide. Government intervention and demand management were widely viewed as outdated, and the United States appeared to be the unquestioned role model for economic success, with the US dollar as the natural global currency. Three decades and several crises later, the global economic landscape has changed profoundly. Free trade is increasingly replaced by trade restrictions and geopolitical rivalries, even among former allies. While this shift undoubtedly creates risks, it may also open opportunities, for example through new alliances focused on climate protection and sustainable development. At the same time, the emergence of a multipolar world is reshaping the international monetary system and may even question the Dollar dominance.
Source: IMK
Latest Developments
Matteo Deleidi, Enrico Sergio Levrero, Antonino Lofaro:Income Distribution and the Cost Channel of Monetary Policy: Evidence from Japan, the UK, and the US
Source: IMK
This paper assesses the impact of a monetary policy tightening on prices and income distribution. We estimate Structural Vector Autoregressive models for Japan, the UK, and the US over the period 1960Q1–2019Q4.
This paper reviews the development of Ecological Stock-Flow-Consistent Input-Output models as an emerging alternative to mainstream climate-economy modelling frameworks.
Giovanna Ciaffi, Matteo Deleidi, Mariana Mazzucato:Directed Innovation Policies and the Supermultiplier: New Evidence
Source: IMK
This paper investigates the macroeconomic effects of public R&D investment in the US economy from 1947 to 2018, employing alternative empirical approaches based on Structural VARs, pure shocks derived from a counterfactual VAR, and Instrumental-Variable Local Projections.
Matthieu Bordenave, Giovanna Ciaffi:Measuring Green Fiscal Multipliers: Heterogeneity in European Countries
Source: IMK
This paper evaluates the macroeconomic impact of green public spending by quantifying the responses of GDP, private investment, employment, and labour productivity across 30 European countries from 1995 to 2020.
The summer school aims at providing an introduction to Keynesian macroeconomics and to the problems of European economic policies to interested graduate students (MA and PhD) and junior researchers. It will consist of overview lectures, a panel discussion, student study groups, an SFC lab, and a poster session.
Source: Tom Bauermann
Source: IMK
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COORDINATION COMMITTEE
The coordination group is responsible for strategical questions of the forum and organises the FMM conferences, workshops and summer schools.
Source: nein
Source: IMK
FMM FELLOWS
FMM Fellows are distinguished scholars that contribute to the development of the Forum, act as its ambassadors in academics and policy circles and give advice to the coordination group.
European Journal of Economics and Economic Policies
From 2012 onwards, the papers & proceedings of the FMM conference are published each year in a special issue.
