GovC announcement of new phase

Source: European Central Bank (video statements)

The digital euro would complement banknotes and extend the benefits of cash to the digital sphere.

This is important because euro cash brings us together. It’s our money.

Europeans would have the freedom to use the digital euro for any digital payment, online or offline, throughout the euro area.

https://www.youtube.com/shorts/e1cLYGAeeto

President Lagarde presents the latest monetary policy decisions – 30 October 2025

Source: European Central Bank (video statements)

Today our Governing Council decided on monetary policy.

Listen to President Christine Lagarde present today’s decisions. The statement also covers:
• how the economy is performing
• how we expect prices to develop
• the risks to the economic outlook
• the dynamics behind financial and monetary conditions

Published and recorded during our press conference on 30 October 2025.

Our monetary policy statement at a glance, 30 October 2025
www.ecb.europa.eu/press/press_conf…_october.en.html

Christine Lagarde, Luis de Guindos: Monetary policy statement, 30 October 2025
www.ecb.europa.eu/press/press_conf…74dde15e.en.html

Monetary policy decisions, 30 October 2025
www.ecb.europa.eu/press/pr/date/20…0540b5c0.en.html

Combined monetary policy decisions and statement, 30 October 2025
www.ecb.europa.eu/press/press_conf…5d99d5b1c.en.pdf

European Central Bank
www.ecb.europa.eu/home/html/index.en.html

https://www.youtube.com/watch?v=woCo_SZnUsU

Systematic Origins of Monetary Policy Shocks | 5th WE_ARE_IN Conference 2025

Source: European Central Bank (video statements)

Session 5 on the second day of the 5th WE_ARE_IN Macroeconomics and Finance Conference 2025.

Chair: Caterina Mendicino*, ECB

“The Systematic Origins of Monetary Policy Shocks”

Authors:
• Lukas Hack, ETH Zürich
• Klodiana Istrefi*, ECB and CEPR
• Matthias Meier, University of Mannheim

Discussant: Francesca Monti*, UCLouvain and CEPR

The Centre for Economic Policy Research (CEPR), the Bank for International Settlements (BIS) and the European Central Bank (ECB) organised their 2025 conference WE_ARE_IN Macroeconomics and Finance. The aim of the conference is to bring together women in economics to present and discuss new research on macroeconomics and finance which is of particular interest to central banks.

WE_ARE_IN stands for Women in Economics: Advancing Research in Economics Internationally. It complements the WE_ARE initiative, a CEPR seminar series in which junior women present their work and receive constructive feedback from their peers and from senior economists.

The conference took place on 20 and 21 October 2025 in Frankfurt am Main.

Watch all sessions from the conference: https://www.youtube.com/playlist?list=PLnVAEZuF9FZnv2PtaYv_V20Ae4cN18GNQ

See the conference programme here:
https://www.ecb.europa.eu/press/conferences/html/20251020_we_are_in.en.html

https://www.youtube.com/watch?v=G83ORS1frGw

Closing remarks | 5th WE_ARE_IN Conference 2025

Source: European Central Bank (video statements)

Closing remarks by Fiorella De Fiore, Agnese Leonello, Caterina Mendicino, Helene Rey, Carolina Villegas Sanchez on the second day of the 5th WE_ARE_IN Macroeconomics and Finance Conference 2025.

The Centre for Economic Policy Research (CEPR), the Bank for International Settlements (BIS) and the European Central Bank (ECB) organised their 2025 conference WE_ARE_IN Macroeconomics and Finance. The aim of the conference is to bring together women in economics to present and discuss new research on macroeconomics and finance which is of particular interest to central banks.

WE_ARE_IN stands for Women in Economics: Advancing Research in Economics Internationally. It complements the WE_ARE initiative, a CEPR seminar series in which junior women present their work and receive constructive feedback from their peers and from senior economists.

The conference took place on 20 and 21 October 2025 in Frankfurt am Main.

Watch all sessions from the conference: https://www.youtube.com/playlist?list=PLnVAEZuF9FZnv2PtaYv_V20Ae4cN18GNQ

See the conference programme here:
https://www.ecb.europa.eu/press/conferences/html/20251020_we_are_in.en.html

https://www.youtube.com/watch?v=NOOm3xW5WwQ

Monetary Policy and Sovereign Risk in Emerging Economies | 5th WE_ARE_IN Conference 2025

Source: European Central Bank (video statements)

Session 5 on the second day of the 5th WE_ARE_IN Macroeconomics and Finance Conference 2025.

Chair: Caterina Mendicino*, ECB

“Monetary Policy and Sovereign Risk in Emerging Economies”

Authors:
• Cristina Arellano, Federal Reserve Bank of Minneapolis
• Yan Bai*, University of Rochester and CEPR
• Gabriel Mihalache, Stony Brook University

Discussant: Ozge Akinci*, Federal Reserve Bank of New York and CEPR

The Centre for Economic Policy Research (CEPR), the Bank for International Settlements (BIS) and the European Central Bank (ECB) organised their 2025 conference WE_ARE_IN Macroeconomics and Finance. The aim of the conference is to bring together women in economics to present and discuss new research on macroeconomics and finance which is of particular interest to central banks.

WE_ARE_IN stands for Women in Economics: Advancing Research in Economics Internationally. It complements the WE_ARE initiative, a CEPR seminar series in which junior women present their work and receive constructive feedback from their peers and from senior economists.

The conference took place on 20 and 21 October 2025 in Frankfurt am Main.

Watch all sessions from the conference: https://www.youtube.com/playlist?list=PLnVAEZuF9FZnv2PtaYv_V20Ae4cN18GNQ

See the conference programme here:
https://www.ecb.europa.eu/press/conferences/html/20251020_we_are_in.en.html

https://www.youtube.com/watch?v=0JCFuEIGnyw

Monetary Policy and Capital Misallocation | 5th WE_ARE_IN Conference 2025

Source: European Central Bank (video statements)

Session 5 on the second day of the 5th WE_ARE_IN Macroeconomics and Finance Conference 2025.

Chair: Caterina Mendicino*, ECB

“A Tale of Two Margins: Monetary Policy and Capital Misallocation”

Authors:
• Silvia Albrizio, IMF
• Beatriz Gonzalez*, Banco de España
• Dmitry Khametshin, Banco de España

Discussant: Daria Finocchiaro*, Sveriges Riksbank and CEPR

The Centre for Economic Policy Research (CEPR), the Bank for International Settlements (BIS) and the European Central Bank (ECB) organised their 2025 conference WE_ARE_IN Macroeconomics and Finance. The aim of the conference is to bring together women in economics to present and discuss new research on macroeconomics and finance which is of particular interest to central banks.

WE_ARE_IN stands for Women in Economics: Advancing Research in Economics Internationally. It complements the WE_ARE initiative, a CEPR seminar series in which junior women present their work and receive constructive feedback from their peers and from senior economists.

The conference took place on 20 and 21 October 2025 in Frankfurt am Main.

Watch all sessions from the conference: https://www.youtube.com/playlist?list=PLnVAEZuF9FZnv2PtaYv_V20Ae4cN18GNQ

See the conference programme here:
https://www.ecb.europa.eu/press/conferences/html/20251020_we_are_in.en.html

https://www.youtube.com/watch?v=yq4D1sbY3Uk

HANKSSON | 5th WE_ARE_IN Conference 2025

Source: European Central Bank (video statements)

Session 4 on the second day of the 5th WE_ARE_IN Macroeconomics and Finance Conference 2025.

Chair: Fiorella De Fiore*, BIS and CEPR

“HANKSSON”

Authors:
• Florin O. Bilbiie, University of Cambridge
• Sigurd Mølster Galaasen, Norges Bank
• Refet Gürkaynak, Bilkent University
• Mathis Mæhlum, Norges Bank
• Kristina Molnar*, Norwegian School of Economics

Discussant: Morgane Richard*, SciencesPo

The Centre for Economic Policy Research (CEPR), the Bank for International Settlements (BIS) and the European Central Bank (ECB) organised their 2025 conference WE_ARE_IN Macroeconomics and Finance. The aim of the conference is to bring together women in economics to present and discuss new research on macroeconomics and finance which is of particular interest to central banks.

WE_ARE_IN stands for Women in Economics: Advancing Research in Economics Internationally. It complements the WE_ARE initiative, a CEPR seminar series in which junior women present their work and receive constructive feedback from their peers and from senior economists.

The conference took place on 20 and 21 October 2025 in Frankfurt am Main.

Watch all sessions from the conference: https://www.youtube.com/playlist?list=PLnVAEZuF9FZnv2PtaYv_V20Ae4cN18GNQ

See the conference programme here:
https://www.ecb.europa.eu/press/conferences/html/20251020_we_are_in.en.html

https://www.youtube.com/watch?v=AjdoYd5dOek