Members in the News
- Krugman Discusses Inequality and Economic Growth
- May 29, 2013
- Group of Thirty member Paul Krugman joined Sir Tony Atkinson, professor at Oxford University, in a discussion presented by the Advanced Research Collaborative and the Luxembourg Income Study Center to assess the relationship between economic growth and inequality. Krugman notes, “I don’t think we’d be having anything like the discussion we’re having if we did not already have a society in which so much wealth is concentrated in the hands of this group that is pretty much isolated from the disaster that the rest of the population is experiencing.”
- Group of Thirty Releases Newest Occasional Paper
- May 21, 2013
The paper, adapted from the speech given by Adair Turner at the Cass Business School in February 2013, examines the causes of the financial crisis and the post crisis recession. The paper urges central bank and government policymakers to think outside the box for soutions, even to consider previously taboo policy options.
- May 20, 2013
ISpeaking at the 66th Annual CFA Institute Annual Conference, Group of Thirty member Tharman Shanmurgaratnam discussed the global economy’s successful progress over the past year. However, Minister Tharman emphasized the need for deeper reform and fiscal consolidation beyond monetary policy to avoid risk of stagnation and raise long-term growth potential.
- May 9, 2013
In his latest piece on Project Syndicate, Martin Feldstein argues that China's key leadership appointments suggest a commitment to pro-market reforms. He reasons the new leadership's policies will "shift from heavy industry to greater reliance on consumption and services".
- Summers argues political gridlock not responsible for slow changes
- April 25, 2013
In a recent opinion piece in the Financial Times, Group of Thirty member Larry Summers argues political gridlock is not at the root of government inaction. Summers counters that not all "progress comes from legislation," and therefore, America's problems are not based on structural obstacles but rather a lack of vision.
- De Larosière Comments on Bretton Woods Transcripts
- March 29, 2013
Group of Thirty emeritus member Jacques de Larosière offers insight into the recently released Bretton Woods transcripts. De Larosière sets the scene for this historic conference, providing brief commentary on both participants and their discussions.
- Trichet Comments on Future of Eurozone
- March 20, 2013
In a recent opinion piece in the New York Times, Chairman of the Group of Thirty, Jean-Claude Trichet, argues what we are witnessing in Europe is "a global crisis of the advanced economies" with the "epicenter of sovereign tensions" within the eurozone. He applauds the efforts of European governments and the ECB in maintaining stability within the area and states the success of the eurozone will depend on its effectiveness in creating a political union.
- Feldstein argues in Favor of Cap on Tax Deductions
- March 14, 2013
In his most recent opinion piece in the Washington Post, Group of Thirty member Martin Feldstein stated that instituting a two percent cap on tax deductions would serve as an alternate way to curtail government spending. If enacted, the tax policy, he argues, would result in a $2.1 trillion deficit reduction over the next decade.
Coverage of the G30's Latest Report
- February 13, 2013
On February 11th, the Group of Thirty released its latest report on long-term finance in London. Below, please find links to various TV news coverage of the release:
- Jean-Claude Trichet (Bloomberg)
- Adair Turner (Bloomberg)
- BBC Radio
- Adair Turner (CNBC)
- Carney Says Banks Should Focus on Customers
- February 27, 2013
In a recent speech at the Ivey business school at Western University in London, Ontario, Group of Thirty member Mark Carney said banks should focus on rebuilding trust in their institutions. He calls on banks to actively embrace regulatory reform to promote confidence within the banking industry.
Guillermo de la Dehesa discusses design and management failures that contributed to the economic crisis facing the eurozone.
This publication examines short-term and long-term solutions to ensure the future outlook of the European single currency.
- Toward Effective Governance of Financial Institutions
Drawing lessons from the financial crisis, the G30 calls on boards of directors of financial institutions to do far more to strengthen governance. The report stresses that the key to reform is to promote changes in the ways in which individuals think about their responsibilities.