International and Monetary Economics Network

Super interesting! 💻 WEBINAR: “The Economic Effects of Public R&D Funding: Evidence from 40 Years of US Contracts,” Gianluca Pallante (University of Pisa) ⏲️ November 17, 16:00 – 17:00 CET REGISTRATION HERE: forms.cloud.microsoft/r/emnyJ0Y7zg

Food for thought! "News shocks and inflation: theory and evidence from large oil discoveries" by Bohou Cai, Liugang Sheng, and Hongyan Zhao. "We study how news shocks affect inflation in open economies..." www.bis.org/publications...

Food for thought! U.S. monetary policy: Most participants in our recent polls expect the Fed to keep interest rates unchanged in October. imeneconomics.substack.com/p/our-imen-u...

Super interesting! "Generative AI, Managerial Expectations, and Economic Activity" by Manish Jha, Jialin Qian, Michael Weber, and Baozhong Yang. "Using generative AI, we extract managers’ economic expectations from over 120,000 corporate conference call transcripts." www.nber.org/papers/w35949

Super interesting! 💻 WEBINAR: “Central Bank Balance Sheets and Financial Crises: New Historical Evidence from Advanced and Emerging Economies since 1900,” Pablo Aguilar (CEPII), joint work Eric Monnet. ⏲️ November 11, 16:00 – 17:00 CET REGISTRATION HERE: forms.cloud.microsoft/r/9z1qbHVC8W

Highly relevant! "Chokepoints in global supply chains: lessons from rare earths and hard disk drives" by Ryan Banerjee, Michael Chui, and Leonardo Gambacorta. www.bis.org/publications...

How strong is the U.S. economy? The U.S. economy remained resilient. In our baseline scenario, we continue to expect solid economic growth in the United States in the coming quarters. However, downside risks dominate. imeneconomics.substack.com/p/our-imen-u...

Highly relevant! "US Economic Statecraft, Asian Economic Diplomacy: Geoeconomic Theory and Empirics" by Danny Quah. "When Great Powers weaponise economic interdependence to advance geopolitical objectives, how should other nations respond?" www.dannyquah.com/Storage/1792...

Really cool! "Corporate Ownership Data: Who holds the shares and votes in U.S. public firms" by Amir Amel-Zadeh, Fiona Kasperk, Martin Schmalz, Vladimir Fedoseev, and Hady Elkady. corporateownershipdata.com

Very valuable! "The Penguin History of Economics: New and Revised" by Roger Backhouse. link.amazon/B0bDfdnFn "Covering topics including globalisation, inequality, financial crises and the environment, Backhouse brings his breadth of expertise ...to this ...exploration of economics"

How strong is the U.S. economy? Nowcasts for U.S. GDP growth in the third quarter of 2026 currently indicate annualized growth rates between 2.6 and 3.5 percent. Although the economy is facing several headwinds, GDP growth is expected to remain solid. imeneconomics.substack.com/p/our-imen-u...

Highly relevant! "Global Spillovers from U.S. Bond Supply Shocks" by Danila Smirnov. "I study spillovers from U.S. bond supply shocks, identified from yield moves around U.S. Treasury auction announcements." www.imf.org/-/media/file...

Highly relevant! 💻 WEBINAR: “Exchange Rates, Structural Change, and Productivity Growth,” Ju H. Pyun (Korea University Business School), joint work with P. Bergin and W. Jin Choi. ⏲️ Nov 24, 12:00 – 13:00 CET REGISTRATION: forms.cloud.microsoft/r/vSujVKSfeq Paper: drive.google.com/file/d/1ATSc...

Really cool! "The Global Fiscal Actions (GFA) Dataset" by Hites Ahir, Miyoko Asai, Matthieu Bellon, Maria Chiara Cavalleri, Shuvam Das, Davide Furceri, Faizaan Kisat, Aiko Mineshima, Irene Rausell Moreno, Nikhil Patel, and Adrian Peralta-Alva. www.imf.org/en/publicati...

Really cool! Jason Furman has launched Econvitals, a new platform for tracking key economic indicators (mainly for the United States). econvitals.org

Super interesting! "Government Debt and the Fiscal Channels of Monetary Policy" by Sean Lavender. www.janeway.econ.cam.ac.uk/publication/...

Highly relevant! 💻 WEBINAR: “Industrial Policy and Trade Tensions in Strategic Sectors,” Lorenzo Rotunno (IMF) ⏲️ November 19, 16:00 – 17:00 CET REGISTRATION HERE: forms.cloud.microsoft/r/atjmYR5wpf Working paper: www.imf.org/en/publicati...

How strong is the U.S. economy? We expect solid economic growth and only a gradual decline in inflation in the coming months. What will the Fed decide? And will the AI boom last? imeneconomics.substack.com/p/us-economy...

Food for thought! "Payment-Chain Crises" by Saki Bigio, Esteban Mendez, and Diana Van Patten. "This paper introduces an endogenous network of payment chains into a business-cycle model." static1.squarespace.com/static/57844...

Highly relevant! 💻 WEBINAR: “Demographic Change, Longer Working Lives and Economic Growth,” Siavash Mohades (Luiss Guido Carli, Rome & Mohades Research Consultancy) 📅 November 4, 2026 🕒 16:00–17:00 CET REGISTRATION: forms.cloud.microsoft/r/XbbdhiBsv0 Paper: papers.ssrn.com/sol3/papers....

Super interesting! 💻 WEBINAR: “Productivity and Inflation Dynamics,” Jenny Chan (Bank of England), joint work with Ludovica Ambrosino and Silvana Tenreyro. ⏲️ November 3, 16:00 – 17:00 CET REGISTRATION HERE: forms.cloud.microsoft/r/iPv6AFBimq Working Paper: www.bankofengland.co.uk/working-pape...

Thought-provoking, perhaps controversial, and certainly worth reading! "Greenback Empire: Global Dollar Dominance and the New Cold War" by Ho-fung Hung. amzn.to/4zHxUhh

Food for thought! Most participants in our recent polls expect the ECB to keep interest rates unchanged on October 29. imeneconomics.substack.com/p/our-imen-u...

Super interesting! "Exchange-Rate Regimes and the Behaviour of Exporters" by Petracchi, Riva, and Petterson. "This paper proposes a firm-level mechanism that explains why exchange-rate regimes are largely neutral with respect to real macro variables..." www.centralbank.ie/docs/default...

Food for thought! Most participants in our recent polls expect the Fed to keep interest rates unchanged in October. The share has increased slightly compared with September. imeneconomics.substack.com/p/our-imen-u...

Very valuable! "Climate and Corporate Finance" by Caroline Flammer. "I survey the literature at the intersection of climate change and corporate finance, examining how climate considerations shape firms' investment, financing, governance, and strategic decisions." papers.ssrn.com/sol3/papers....

Highly relevant! 💻 WEBINAR: “Critical Minerals, Geopolitics, and the Green Transition”, Jonathan Elliott (Johns Hopkins University). ⏲️ October 29, 17:00 – 18:00 CET REGISTRATION HERE: forms.cloud.microsoft/r/z7cxSzG2Qg Here is the link to the paper: jonathantelliott.com/files/critic...

Food for thought! "Firms' Investment and the Real Transmission of the Global Financial Cycle" by Caitlin Hegarty, Matias Moretti, Pablo Ottonello, and Diego J. Perez. "We study how global financial conditions transmit to firms’ investment." www.nber.org/papers/w35918

Very valuable! "Behavioral Finance at 40" by Nicholas Barberis. "...I focus on three topics -- beliefs about future earnings, beliefs about future returns, and prospect theory -- and on their applications to understanding asset prices and investor behavior..." papers.ssrn.com/sol3/papers....

Highly relevant! 💻 WEBINAR: “Exchange Rates, Structural Change, and Productivity Growth,” Ju Pyun (Korea University Business School), joint work with Paul Bergin and Woo Jin Choi ⏲️ Nov 24, 12:00 – 13:00 CET REGISTRATION: forms.cloud.microsoft/r/vSujVKSfeq Paper: drive.google.com/file/d/1ATSc...

Highly relevant! "A Network Approach to Geopolitics" by Ernest Liu, Stephen J. Redding, Bennett Smith-Worthington, and David Y. Yang. "We develop a tractable framework for analyzing geopolitics as a network of coordination and strategic influence." www.dropbox.com/scl/fi/fw5k6...

Food for thought! The world economy has shown resilience, but the dampening effects of high energy prices, geopolitical uncertainty, protectionism, and high public debt are considerable. Will the AI boom continue? Our Global Economy Flash October 2026: imeneconomics.substack.com/p/global-eco...

Highly relevant! "Fear and Shortages: Identifying Geopolitical Risk and Supply Disruptions in Energy Markets" by Patricia Gomez-Gonzalez, Régis Kouassi, Jianhong Liu, Joseph Moussa, Jean-Marc Natal, Andrea Paloschi, and Evgenia Weaver. www.elibrary.imf.org/view/journal...

Super interesting! 💻 WEBINAR: “The Effects of Public R&D Funding: Evidence from 40 Years of US Contracts,” Gianluca Pallante (University of Pisa) ⏲️ November 17, 16:00 – 17:00 CET REGISTRATION HERE: forms.cloud.microsoft/r/emnyJ0Y7zg

Thought-provoking! "Money and the architecture of trust" by Iñaki Aldasoro. www.bis.org/publications...

Super interesting! "What analysts hear and why it matters for monetary policy" by Luca Ebener and Thomas McGregor. "We introduce a novel measure of how European Central Bank (ECB) monetary policy is interpreted by analysts at major investment banks." www.ecb.europa.eu/pub/pdf/scpw...

Super interesting! Consumers' Attention to Monetary Policy: The Importance of Having "Skin in the Game" by Ina Hajdini, Edward S. Knotek II, James Mitchell, Mathieu Pedemonte, and Taylor Shiroff. www.clevelandfed.org/publications...

Perry Mehrling, RIP. Perry Mehrling was a highly esteemed historian of economics. Here is his homepage: sites.bu.edu/perry/ His last book: "Money and Empire: Charles P. Kindleberger and the Dollar System" amzn.to/47RVhJ2

Don’t miss this highlight of our webinar series! 💻 WEBINAR: “Empires, Nation-States, and Democracies”, Gérard Roland (University of California, Berkeley). ⏲️ October 14, 18:00 – 19:00 CEST REGISTRATION HERE: forms.cloud.microsoft/r/5E0YPnib42 Here is the link to the book: amzn.to/45tym5E

Super interesting! "Transformative AI and Demand Bottlenecks" by Phurichai Rungcharoenkitkul "We identify several scenarios, spanning transformative AI, a demand bottleneck outcome where thinning consumer demand stalls AI progress, and intermediate cases in between." www.bis.org/publications...

Super interesting! "Central bank communication: New data and stylized facts from a century of Fed speeches" by Thomas Lustenberger, Enzo Rossi, and Anna Zeitz. www.snb.ch/en/publicati...

Fantastic news! "The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2026 was awarded to Robert E. Hall and Michael Woodford and for microeconomic foundations of macroeconomic stabilisation." www.nobelprize.org/prizes/econo...

Super interesting! "Oil Prices and Global Activity in a General Equilibrium Model with Dynamic Elasticities" by Romain Houssa and Jolan Mohimont. romainhoussa.com/project/oil-...

Super interesting! 💻 WEBINAR: “Productivity and Inflation Dynamics,” Jenny Chan (Bank of England), joint work with Ludovica Ambrosino and Silvana Tenreyro. ⏲️ Nov 3, 16:00 – 17:00 CET REGISTRATION HERE: hhttps://forms.cloud.microsoft/r/iPv6AFBimq Paper: www.bankofengland.co.uk/working-pape...

Super interesting! "Chasing El Dorado: gold under shifting geopolitical and financial conditions" by Rafael Guerra and Gabriel Zelpo. "This paper analyses the state-dependent effects of geopolitical risks on gold prices..." www.bis.org/publications...

Highly relevant! 💻 WEBINAR: “Industrial Policy and Trade Tensions in Strategic Sectors”, Lorenzo Rotunno (IMF) ⏲️ November 19, 16:00 – 17:00 CET REGISTRATION HERE: forms.cloud.microsoft/r/atjmYR5wpf Working paper: www.imf.org/en/publicati...

Super interesting! "Debt Sustainability and the Range of Multiple Equilibria" by Olivier J. Blanchard, Pedro Martínez-Bruera, and Gonzalo Huertas. "We characterize the size of the range of multiple equilibria in sovereign debt markets." www.nber.org/papers/w35850

Super interesting! "150 Years of U.S. Inflation Expectations" by Elissa A.M. Iorgulescu, Kuntara Pukthuanthong-Le, and William Quinn. "We develop two long-run monthly proxies for inflation expectations in the United States..." www.quceh.org.uk/uploads/1/0/...

Highly relevant! "Circular relationships among AI firms" (Jon Frost, Rudraksh Kansal, Kumar Rishabh, Vatsala Shreeti, Leanne Si Ying Zhang) "this Bulletin documents investment patterns among the largest AI firms globally, focusing on circular investment relationships" www.bis.org/publications...

Food for thought! "Global Temperature and Global Mortality" by Adrien Bilal, Diego R. Känzig, and Krzysztof Lisiecki. www.nber.org/papers/w35832