The Group regularly launches study groups to analyze topics of particular or systemic importance to central banks, supervisors, financial firms, and participants in global financial markets. Each study group's leadership and membership is drawn from the G30 membership, but the teams can be broader than that of the Group, including experts from specialized fields in economics, finance and academia. Study participants work together to offer actionable solutions, policy recommendations, and examples of best practices in the area being studied.
Working Group on Fiscal Governance
Jason Furman, Steering Committee Chair
Mark Carney, Steering Committee Chair
Hélène Rey, Steering Committee Chair
The project will assess the economic cost benefits to pulling forward investments in public goods – such as advancements against pandemic threats and climate change risks. Through examination of the steps and requirements to building a prudential fiscal framework, the report will propose to use the fiscal sustainability frameworks of countries to catalyze provision of global public goods.
Working Group on Latin America
Guillermo Ortiz, Steering Committee Chair
Arminio Fraga, Steering Committee Chair
The study group will examine the multiple pressures on economies, governments, and central banks in the Latin American region as they exit the COVID-19 global pandemic. The study aims to identify the sources of Latin America’s stagnation and point to potential solutions going forward, finding the main distortions and constraints hindering economic development and suggesting ways their removal is likely to be most beneficial.
Working Group on Monetary Policy
Axel Weber, Steering Committee Chair
Raghuram Rajan, Steering Committee Chair
Jacob Frenkel, Steering Committee Chair
The project will address key questions including why inflation was persistently low for such a long time, despite the invention of numerous conventional and unconventional policy tools; which policy measures were effective, which didn’t work and which ones ultimately limited policy space in the current juncture; and will consider the main political trade-offs and policy choices available. The study will spell out some common principles but will also devote particular attention to the specificities of various economic areas like for the US, Europe, Japan, and emerging economies.