Source: European Central Bank (video statements)
Geoeconomics and the International Trading System – 16 and 17 September 2026, Frankfurt am Main, Germany.
The rules-based multilateral international trading system is under strain. Great-power competition, security concerns, and the deliberate use of geoeconomic dependencies for strategic ends point towards a fundamental shift in the relationship between economics and geopolitics. This year’s Annual Research Conference wants to contribute to a better understanding of the underlying dynamics by showcasing the latest academic research and by providing a forum for researchers and policymakers to exchange ideas and discuss Europe’s options in this new global environment.
The conference will be live-streamed.
Programme: https://www.ecb.europa.eu/press/conferences/html/20260916_11th_ecb_annual_research_conference.en.html
9:00 – Jean Monnet lecture “Economic Size and Economic Power”
Paul Krugman, City University of New York
Chair: Philip R. Lane, Member of the Executive Board, European Central Bank
Session 3
The Welfare Effects of Sanctions and Tariffs
Chair: Isabel Vansteenkiste, Principal Counsellor, European Central Bank
Evading Sanctions
• Lisa Scheckenhofer, ifo Institute
• Feodora A. Teti*, ifo Institute
• David Torun, University of Zürich
• Joschka Wanner, University of Würzburg
Discussant: Christoph Trebesch, Kiel Institute for the World Economy
12:00 – A World Trading System for Whom? Evidence from Global Tariffs
• Rodrigo Adão, University of Chicago Booth School of Business
• John Sturm Becko, Princeton University
• Arnaud Costinot*, Massachusetts Institute of Technology
• Dave Donaldson, Massachusetts Institute of Technology
Discussant: Meredith Crowley, University of Cambridge
13:00 – Farewell