The Law and Macroeconomics Conference and the accompanying volume of Law & Contemporary Problems (guest edited by Georgetown Law Professors Anna Gelpern and Adam Levitin) engaged diverse perspectives on the relationship between law and macroeconomics, and evaluated what “Law and Macro” might look like as a field of inquiry. Please click here to watch a captioned recording of the conference.

The Conference responded, in part, to the explosion in legal scholarship dealing with macroeconomic policy and financial stability topics – post-financial crisis – and to the growing volume of economic policy writing on macro-prudential regulation, crisis intervention, fiscal rules, and central bank governance. Further, Domestic and international implications of inequality and interdependence were increasingly resonating across disciplines.

Since at least the early 1990’s, law scholars have periodically observed that the law-and-economics movement confined itself to law-and-microeconomics, and have argued for deeper engagement with macroeconomics. Yet efforts to theorize the space at the intersection of law and macroeconomics were yet to catch up, until recently.

The Conference’s intention was to take a broad view of this space, without prejudging the outcome. Participants were encouraged to consider not only the design of fiscal and monetary policy institutions, public debt, financial regulation, and crisis response – but also contract and market architecture, antitrust, trade and development policy. It successfully teased out assumptions about decision-making, enforcement, and accountability that would normally reside outside the frame.

Speakers included: Randal K. Quarles, Federal Reserve Vice Chair for Supervision and Chair of the Financial Stability Board, delivered the opening remarks, and former Federal Reserve Chair Janet Yellen and former Federal Reserve Governor and Georgetown Law Professor Daniel K. Tarullo, featured in an evening conversation. Please click here to view the entire program schedule.


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