Session 1 on pricing and production networks at the Inflation: Drivers and Dynamics Conference 2025. Session chair: Sarah Holton, European Central Bank.
Supply Chain Networks and the Macroeconomic Expectations of Firms
• Presenter: Ina Hajdini, Federal Reserve Bank of Cleveland
• Saten Kumar, Auckland University of Technology
• Samreen Malik, New York University Abu Dhabi
• Jordan Norris, New York University Abu Dhabi
• Mathieu Pedemonte, Federal Reserve Bank of Cleveland
• Discussant: Tiziano Ropele, Banca d’Italia
Watch all sessions from the conference: https://www.youtube.com/playlist?list=PLnVAEZuF9FZnje5bTTZ9sJKe4TR0OlIbA
See the conference programme here:
https://www.ecb.europa.eu/press/conferences/html/20250929_inflation_conference.en.html
On 2 October, Commission President Ursula von der Leyen will give a keynote in Turin, at the Italian Tech Week: The european way to AI. The President will cover the current status of the European innovation
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Description:
Session 1 on pricing and production networks at the Inflation: Drivers and Dynamics Conference 2025. Session chair: Sarah Holton, European Central Bank.
Business Cycles with Pricing Cascades
• Presenter: Mishel Ghassibe, Centre de Recerca en Economia Internacional (CREi), Barcelona School of Economics and Universitat Pompeu Fabra
• Discussant: James Costain, Banco de España
Watch all sessions from the conference: https://www.youtube.com/playlist?list=PLnVAEZuF9FZnje5bTTZ9sJKe4TR0OlIbA
See the conference programme here:
https://www.ecb.europa.eu/press/conferences/html/20250929_inflation_conference.en.html
Welcome address by Sarah Holton, Head of Division Prices and Costs, European Central Bank, on the first day of the Inflation: Drivers and Dynamics conference.
This annual conference, hosted by the European Central Bank and the Center for Inflation Research at the Federal Reserve Bank of Cleveland, brings together top researchers and policymakers from academia, central banks, and other policy institutions to present research findings related to inflation. The conference took place on 29 and 30 September 2025.
Watch all sessions from the conference: https://www.youtube.com/playlist?list=PLnVAEZuF9FZnje5bTTZ9sJKe4TR0OlIbA
See the conference programme here:
https://www.ecb.europa.eu/press/conferences/html/20250929_inflation_conference.en.html
Press briefing by Ambassador Vassily Nebenzia, Permanent Representative of the Russian Federation to the United Nations and President of the Security Council for the month of October, on the Council’s programme for the month of October.
Press Conference by Annalena Baerbock, President of the 80th session of the General Assembly, on the UN General Debate High-Level Week (23-29 September 2025).
Source: Republic of South Africa (video statements)
Deputy President Paul Mashatile addresses Traditional and Khoi-San leaders during DDM service delivery visit in OR Tambo District in Qunu, Eastern Cape
Source: Republic of South Africa (video statements)
President Cyril Ramaphosa receives Letters of Credence from Heads of Mission-Designate during an official Credentials Ceremony at the Sefako Makgatho Presidential Guesthouse in Pretoria. This important diplomatic occasion reaffirms South Africa’s commitment to strengthening international relations and cooperation
In a rapidly changing environment, they need to adapt and stay competitive to keep providing funding to people and businesses.
But so does ECB Banking Supervision. What are we doing to become more efficient, effective and risk-focused? And how are we simplifying supervision while safeguarding resilience? Our host Stefania Secola speaks to Supervisory Board member Sharon Donnery to find out.
The views expressed are those of the speakers and not necessarily those of the European Central Bank.
Published on 1 October 2025 and recorded on 24 September 2025.
In this episode:
01:10 How are Europe’s banks doing?
What is going well? What about the challenges banks face, like those coming from geopolitical tensions, digitalisation and the climate crisis? And are we seeing signs of deterioration in banks’ asset quality?
04:12 Are the current rules too complex?
Are Europe’s banks over-regulated? Why does a complex business like banking need sufficiently developed rules? And is there room to make things simpler for both supervisors and banks?
05:34 Does simplification mean deregulation?
How do they differ from one another? And how will we put guardrails in place to safeguard the resilience we have worked so hard to build in the banking sector?
08:33 How are we simplifying how we supervise banks?
What concrete steps have we taken? How will these change our regular health check for banks and the way we conduct stress tests?
11:22 Who is involved in simplifying supervision?
How do we make sure that the right people are involved? And how are banks, banking federations, academics and others involved in the work that’s being done?
13:04 What does simplification mean for banks, supervisors and customers?
More efficiency, shorter timelines and better use of limited resources? And how can banking union give customers more options when it comes to products and services?
15:53 What about simplifying regulation?
Beyond how we supervise banks, what steps are being taken to simplify the rules? What is being done at the European level, and how is our work on supervision feeding into that?
18:22 Our guest’s hot tip
Sharon shares her hot tip with our listeners.
Further reading:
As simple as possible, but not simpler
https://www.bankingsupervision.europa.eu/press/blog/2025/html/ssm.blog20250908~a8fbf2c8ec.en.html
Sharon’s hot tip: Making European supervision more efficient, effective and risk-focused
https://www.bankingsupervision.europa.eu/framework/approach/html/simplification.en.html
