The goal for the conference and the accompanying volume of Law & Contemporary Problems, guest edited by Georgetown Law Professors Anna Gelpern and Adam Levitin, is to engage diverse perspectives on the relationship between law and macroeconomics, and to consider what “Law and Macro” might look like as a field of inquiry.

We are responding in part to the post-financial crisis explosion in legal scholarship dealing with macroeconomic policy and financial stability topics, and to the growing volume of economic policy writing on macroprudential regulation, crisis intervention, fiscal rules, and central bank governance. Domestic and international implications of inequality and interdependence increasingly resonate across disciplines.

Since at least the early 1990s, 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 have yet to catch on.

We hope to take a broad view of this space, without prejudging the outcome. Participants will consider 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. We hope to tease out assumptions about decision-making, enforcement, and accountability that normally reside outside the frame.

The conference will open on Friday morning with remarks by Randal K. Quarles, Federal Reserve Vice Chair for Supervision and Chair of the Financial Stability Board, and will feature a Friday evening conversation between former Federal Reserve Chair Janet Yellen and former Federal Reserve Governor and Georgetown Law Professor Daniel K. Tarullo. View program schedule.

Registration is open. Accommodation requests related to a disability should be made by Monday, September 23, 2019 to Deborah Gales at Georgetown Law.

 

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