On March 8th 2018, BINUS UNIVERSITY will host Prof Finn Erling Kydland, a Norwegian economist who was a co-recipient of the 2004 Nobel Prize in Economics for his ‘contributions to dynamic macroeconomics: the time consistency of economic policy and the driving forces behind business cycles’. The event is part of the 7th ASEAN event series “Bridges – Dialogues Towards a Culture of Peace”, managed by the International Peace Foundation. Through its Bridges program, the foundation aims to provide support initiatives that promote development and peace.
The International Peace Foundation has since 2003, presented “Bridges” events across the ASEAN in countries such as Thailand, the Philippines, Malaysia, Cambodia, Vietnam and Singapore. In serving as one of the partner institutions for the 7th ASEAN event series, BINUS UNIVERSITY has the honour of playing an integral role in welcoming the “Bridges” program to Indonesia for the second time.
Professor Kydland will deliver a keynote speech titled ‘Consistent Economic Policy and Economic Development’, which focuses on the issue of time inconsistency in optimizing government policies. This centres around the idea that governments need to make credible commitments to good economic policies in order for their country to benefit in the long-term. In order to achieve this, governments need to assess factors such as innovation, productivity levels, infrastructure, foreign direct investments, and tax among many others. Having the right economic policy can improve trade nationally and internationally and thus raise the living standards of citizens.
Through its continued internationalization and commitment to fostering and empowering Indonesia’s youth, this latest event by BINUS UNIVERSITY is part of the institution’s efforts to equip its students with global perspectives and influence them to become solution providers to the region. As such, the university believes that contributing to the success of the partnership between Indonesia and the ASEAN will bring positive development to crucial sectors of the country’s economy such as education.