MIL Video Engine

Source: European Central Bank (video statements)

Policy Panel on the first day of the 5th WE_ARE_IN Macroeconomics and Finance Conference 2025.

“Policy Panel: How to revive the European economy and unlock its potential?”

Moderator: Stefanie Flanders, Bloomberg

Panellists:
• Beata Javorcik, European Bank for Reconstruction and Development, Oxford University and CEPR
• Andréa M Maechler, Bank for International Settlements
• Isabel Schnabel, European Central Bank 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=LJn50Er59tI

Source: European Central Bank (video statements)

Session 2 on the first day of the 5th WE_ARE_IN Macroeconomics and Finance Conference 2025.

Chair: Carolina Villegas Sanchez*, Esade, ECB and CEPR

“CEO-Firm Matches and Productivity in 42 Countries”

Authors:
• Amanda Dahlstrand, University of Zurich
• Dávid László, London School of Economics
• Helena Schweiger, European Bank for Reconstruction and Development
• Oriana Bandiera, London School of Economics
• Andrea Prat, Columbia University
• Raffaella Sadun*, Harvard Business School and CEPR

Discussant: Juanita Gonzalez*, London School of Economics

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=0X3FPGZamrc

Source: European Central Bank (video statements)

Session 2 on the first day of the 5th WE_ARE_IN Macroeconomics and Finance Conference 2025.

Chair: Carolina Villegas Sanchez*, Esade, ECB and CEPR

“Superstar Firms through the Generations”

Authors:
• Yueran Ma*, University of Chicago and CEPR
• Benjamin Pugsley, University of Notre Dame
• Kaspar Zimmermann, Frankfurt School of Finance & Management

Discussant: Marta Morazzoni*, University College London, IFS 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=jU0lg513C98

Source: European Central Bank (video statements)

Session 1 on the first day of the 5th WE_ARE_IN Macroeconomics and Finance Conference 2025.

Chair: Agnese Leonello, ECB and CEPR

“Credit Card Banking”

Authors:
• Itamar Drechsler, University of Pennsylvania
• Hyeyoon Jung*, Federal Reserve Bank of New York
• Weiyu Peng, University of Pennsylvania
• Dominik Supera, Columbia Business School
• Guanyu Zhou, University of Pennsylvania

Discussant: Larissa Schäfer*, Frankfurt School of Finance & Management 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=hGrQGhbLxC0

Source: European Central Bank (video statements)

Session 1 on the first day of the 5th WE_ARE_IN Macroeconomics and Finance Conference 2025.

Chair: Agnese Leonello, ECB and CEPR

“Common Ownership and Climate Lending”

Authors:
• Elena Carletti*, Bocconi University and CEPR
• Anja Đuranović, Utrecht University School of Economics
• Irene Monasterolo, Utrecht University School of Economics and CEPR
• Steven Ongena, University of Zürich, Swiss Finance Institute, KU Leuven

Discussant: Eleonora Sfrappini*, University of St Andrews

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=xuLgWUfiZgo

Source: European Central Bank (video statements)

Session 1 on the first day of the 5th WE_ARE_IN Macroeconomics and Finance Conference 2025.

Chair: Agnese Leonello, ECB and CEPR

“Breaking Barriers to Financial Access: Cross-Platform Digital Payments and Credit Markets”

Authors:
• Shashwat Alok, Indian School of Business
• Pulak Ghosh, Indian Institute of Management (IIMB), Bangalore)
• Nirupama Kulkarni, CAFRAL
• Manju Puri*, Duke University

Discussant: Paolina Medina Palma*, University of Houston

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=VDr3XdP-CpY

Source: European Central Bank (video statements)

Welcome remarks by Isabel Schnabel, ECB and CEPR at 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=hk4d0drVmeA

Source: European Central Bank (video statements)

ECB Research Bulletin by Sofia Anyfantaki et al. Read more: https://www.ecb.europa.eu/press/research-publications/resbull/2025/html/ecb.rb251009~423b3ea674.en.html

The Research Bulletin features a selection of recent work on policy-relevant topics by ECB economists. Published on a monthly basis, the articles in the Research Bulletin are intended for a general audience. The views expressed in each article are those of the authors and do not necessarily represent the views of the European Central Bank and the Eurosystem.

https://www.youtube.com/watch?v=W9Ro7h-i-xE

Source: European Central Bank (video statements)

ECB Research Bulletin by Lorenzo Cappiello, Gianluigi Ferrucci, Angela Maddaloni, Veronica Veggente. Read more: https://www.ecb.europa.eu/press/research-publications/resbull/2025/html/ecb.rb250730~ebfb33d43c.en.html

The Research Bulletin features a selection of recent work on policy-relevant topics by ECB economists. Published on a monthly basis, the articles in the Research Bulletin are intended for a general audience. The views expressed in each article are those of the authors and do not necessarily represent the views of the European Central Bank and the Eurosystem.

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