CIGS Seminar："Post-Election Fiscal Drama in the United States: A Real Cliffhanger"

Summary
Summary of the seminar（PDF：140KB）

Presentation
"Post-Election Fiscal Drama in the United States: A Real Cliffhanger"（PDF：160KB）

Speech
The speech by Professor Jay Rosengard（PDF：181KB）

Discussion
Question and Answer（PDF：161KB）


（Prof. Rosengard, Mr. Kurihara from the left)）

Seminar's outline
Title： "Post-Election Fiscal Drama in the United States: A Real Cliffhanger"
Speaker： Professor Jay Rosengard
John F. Kennedy School of Government, Harvard University
Moderator： Mr. Jun Kurihara, CIGS Research Director

Seminar's purpose
Professor Jay Rosengard addressed the U.S. political theatrics revolving around the fiscal cliff ("*fiscal* drama" causing a "*cliff*hanger") that Obama and Congress narrowly avoided concerning the issues of significant mandatory tax increases and budget cuts. He have covered the current state of the U.S. economy and the implications of alternative fiscal policy strategies for future growth prospects.

Speaker's introduction
Professor Jay Rosengard, Lecturer in Public Policy, has 35 years of international experience designing, implementing, and evaluating development policies in: public finance and fiscal strategy, tax and budget reform, municipal finance and management, intergovernmental fiscal relations, banking and financial institutions development, microfinance, SME finance, and public administration.
He has worked for a wide variety of multilateral and bilateral donors, as well as directly for host governments and private sector clients. Professor Jay Rosengard is Director of the Mossavar-Rahmani Center for Business and Government's Financial Sector Program, which focuses on the development of bank and nonbank financial institutions and alternative financing instruments. This includes microfinance (small-scale lending and local savings mobilization), mainstream commercial banking (general and special-purpose banks), and wholesale financial intermediation (municipal development funds, venture capital funds, pooled financing, secondary mortgage facilities, and securitization).
In addition, Professor Jay Rosengard is a Faculty Affiliate of both the Ash Institute for Democratic Governance and Innovation and the Center for International Development. He also serves as Faculty Chair of four executive programs: FIPED (Financial Institutions for Private Enterprise Development), which focuses on sustainable and effective microfinance and SME (small and medium enterprise) finance; COMTAX (Comparative Tax Policy and Administration), which addresses key strategic and tactical issues in tax design and implementation; VELP (Vietnam Executive Leadership Program), which is an innovative policy dialogue with senior Vietnamese leadership; and Transformasi (Leadership Transformation in Indonesia), which is designed to assist Indonesia in its decentralization initiatives.