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  • 14 May 2019

    On 26th September, Poland’s Delegation to the OECD and the Polish Economic Society organize the conference (at the OECD’s premises in Paris) on Michal Kalecki’s theory and his economic legacy: "Michal Kalecki and the Problem of International Equilibrium".


    The main issues to be raised during the event are: international equilibrium, international debt problem and achieving maximum employment in economy.




    Michał Kalecki (1899-1970) was a distinguished and world-renowned Polish economist who, in 1933 alongside John Maynard Keynes, laid the foundations of what became known as the Keynesian Revolution. One of Michał Kalecki’s fields of interest was the relationship between multilateral trade and full employment policies. This issue continues to be of relevance today when we are analyzing the global economy from the perspective of an international equilibrium. This question had been discussed among the experts that founded the Bretton Woods Institutions exactly 75 years ago. The conference, celebrating Kalecki’s 120 birthday, will focus on the problems of handling structural imbalances in current accounts, including in developing countries. It will also touch upon the issue of full employment policies and the role of structural reforms in promoting them.


     The conference leaflet can be downloaded here




    Michał Kalecki and the Problem of International Equilibrium

    26 September 2019, OECD



    09:15 – 09:30  Registration


    09:30 09:45  Welcome


    H.E. Amb. A. Surdej, L. Schuchknecht, Deputy SG OECD (tbc), Boguslaw Fiedor, Vice-President of the Polish Economist Association


    09:45 11:30  First Session


    • Jerzy Osiatyński (Poland’s Monetary Policy Council): Kalecki on Multilateralism and Full Employment
    • Jan Toporowski (University of London): International Debt Problem
    • Stephany Griffith-Jones (Columbia University), International Equilibrium - the Outstanding Challenges
    • Erdem Başçı (Ambassador of Turkey to the OECD): Kalecki vs. Ramsey
    • Luiz de Mello and Cyrille Schwellnus (OECD), Recent wage share developments: Shedding light on Kalecki’s theory of functional income distribution


    11:30 – 11:45  Coffee break


    11:45 13:15  Second Session


    • Peter Clarke (Cambridge University), The Keynes and White Plans at Bretton Woods
    • Esteban Perez (CEPAL), The Prebisch - Kalecki UNCTAD debate
    • Konrad Sobański (Poznan University of Economics and Business): Determinants of External Indebtedness in Developing Economies
    • Aleksander Sulejewicz (Warsaw School of Economics): Kalecki and the problem of international equilibrium: between the centre and the periphery


    Note: Two first sessions broadcasted via streaming - accessible at 9:30 at the link that will be distributed before the event.


    13:15 14:45 L unch Break


    14:45 16:30  Third Session


    • Patrycja Guzikowska, Mateusz Guzikowski, (Warsaw School of Economics): An alternative approach to Kalecki’s „Political Aspects of Full Employment”
    • Robert Matusiak (Nicolaus Copernicus University): Accumulation, distribution and employment in the countries of Central and Eastern Europe: a panel var approach
    • Marta Postuła, Jarosław Klepacki (Warsaw University): Managing international public debt in the atmosphere of trust between financial market and government as a chance for stable economic growth
    • Marta Wajda-Lichy, Paweł Kawa (Cracow University of Economics): Decelerating investments and current account rebalancing in the post-crisis era – interpretation in the light of the Kaleckian economic thought


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