Recent Discussions
The US Trade Deficit: Myths and Realties
International Economics and Geopolitics Seminar, Columbia University, March 31, 2025
International Aspects of r*
Symposium on “Whither r*?” Federal Reserve Bank of New York, March 28, 2025
Thoughts for the ECB Policy Framework Review, 2025
The ECB and Its Watchers XXV, Goethe University, Frankfurt, March 12, 2025
The New (Old) Economics of Guns and Butter
Panel on “Geopolitical Fragmentation,” Allied Social Science Associations Annual Meeting, San Francisco, January 3, 2025
The Global Imbalances of the 2000s Revisited
Keynote Lecture, CEPR Paris Symposium, December 14, 2024
Thoughts on the 2024 Per Jacobsson Lecture by Director-General of the World Trade Organization Ngozi Okonjo-Iweala
International Monetary Fund, Washington, D.C., October 26, 2024
Comments on “Price Stability in an Age of Emergencies: Revisiting The Case For Buffer Stocks” by Isabella Weber
Peterson Institute for International Economics, Washington, D.C., September 30, 2024
Monetary Policy and Emerging Market Economies in a Post-Pandemic World
Keynote Speech, Conference on Monetary Policy in a Post-Pandemic World, Commemorating the 30th Anniversary of the Banco de México’s Autonomy, Mexico City, August 16, 2024
The Quest for Nominal Stability: A Vignette from 1993
Remarks prepared for the Sveriges Riksbank conference on “The Quest for Nominal Stability: Lessons from Three Decades with Inflation Targeting,” Stockholm, May 23-24, 2024
Discussion of “Commodity Shocks with Diverse Impacts: How Can Different Central Banks Tailor Their Policies?” by T. Drechsel, M. McLeay, S. Tenreyro, and E. Turri
Sveriges Riksbank conference on “The Quest for Nominal Stability: Lessons from Three Decades with Inflation Targeting,” Stockholm, May 23-24, 2024
The Natural Rate, the Neutral Rate, and Monetary Policy
Symposium in Honor of Ignazio Visco, Banca d’Italia, Rome, March 12, 2024
Multilateralism 80 Years after Bretton Woods
Opening Keynote, CEPR Paris Symposium, December 8, 2023
Discussion of the chapters by Chad Bown and Kim Clausing and by Reinhilde Veugelers
In The Green Frontier: Assessing the Economic Implications of Climate Action, edited by Jean Pisani-Ferry and Adam S. Posen, Peterson Institute for International Economics, June 2024
The Backdrop of the ERM Crisis
In The Making of the European Monetary Union: 30 Years since the ERM Crisis, edited by Giancarlo Corsetti, Galina Hale, and Beatrice Weder di Mauro, CEPR Press, February 2023
Monetary Policy Coordination: 2022 versus 1982
G20 Global Financial Stability Conference, Seoul, Republic of Korea, September 21, 2022
Lessons of COVID-19 for Vaccine Preparedness and Response
Nobel Symposium on “Covid-19 and the Economy: Policies and Impacts,” Stockholm, May 21, 2022
Panel Presentation on “Economic and Political Challenges for the Emerging Markets”
Conference on ”Emerging and Frontier Markets: Capital Flows, Resiliency, Risk, and Growth,” organized by NBER, FLAR, and Banco de la República de Colombia, Cartagena, Colombia, May 10, 2022
Panel Presentation on “Monetary Policy in an Uneven Economy: An Uneven Global Rebound Threatens Sustainable Recovery Everywhere”
Jackson Hole Symposium, August 2021
Discussion of “Global Footprints of Monetary Policies” by S. Miranda-Agrippino, T. Nenova, and H. Rey
ASSA/AEA Annual Meeting, January 8, 2022
Panel Presentation on “Capital Flows in the Decade Ahead: Implications for Monetary Policy and Financial Stability”
UK G7 Presidency Conference on “Safe Openness in Trade and Finance,” Bank of England, October 8, 2021
Panel Presentation at “The Green Swan Conference: Coordinating Finance on Climate”
Bank for International Settlements, Banque de France, International Monetary Fund, and Network for Greening the Financial System, June 2, 2021
Presentation on “The Global Capital Market Reconsidered”
C. D. Howe Institute, Toronto, Canada, May 11, 2021
Panel Presentation for “Economic Policy in a Pandemic Age: How the World Must Prepare”
Peterson Institute for International Economics Webinar, April 8, 2021
Discussion of “Financial Crises: A Survey” by Amir Sufi and Alan M. Taylor
Handbook of International Economics Conference, Weatherhead Center for International Affairs, Harvard University, March 26, 2021
Discussion of "How Does International Capital Flow?" by M. Kumhof, P. Rungcharoenkitkul, and A. Sokol
World Economic Roundtable, February 11, 2021
Discussion of "Integrated Monetary and Financial Policies for Small Open Economies" by S. Basu, E. Boz, G. Gopinath, F. Roch, and F. Unsal
National Bureau of Economic Research Summer Institute, July 9, 2020
U.S. Monetary Policy through a Global Lens
Global Economic Prospects Conference, Peterson Institute for International Economics, Washington, D.C., October 8, 2019
Worrying Implications of “Libra” for the International Monetary System
Conference on “The Future of the International Monetary System,” Toulouse School of Economics —Banque Centrale du Luxembourg, September 2019
“Foreign Safe Asset Demand and the Dollar Exchange Rate” by Zhengyang Jiang, Arvind Krishnamurthy, and Hanno Lustig
Conference on “The Future of the International Monetary System,” Toulouse School of Economics —Banque Centrale du Luxembourg, September 2019
“Special Deals with Chinese Characteristics” by Chong-en Bai, Chang-Tai Hsieh, and Zheng Song
NBER Macro Annual Conference, Cambridge, MA, April 2019
“The Once and Future Global Imbalances?” by Menzie Chinn
Jackson Hole Symposium, August 2017
“The Long Shadow of China’s Fiscal Expansion” by Chong-en Bai, Chang-Tai Hsieh, and Zheng Song
Brookings Panel, Washington, D.C., September 2016
International Monetary Challenges and Responses
Panel Presentation at ECB Sintra Conference, June 2016