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Session 4 on the second day of the 5th WE_ARE_IN Macroeconomics and Finance Conference 2025.
Chair: Fiorella De Fiore*, BIS and CEPR
âFiscal Policy and Sectoral Reallocation According to HANK-SAM-IOâ
Authors:
⢠Alexey Gorn, University of Liverpool
⢠Nicolò Rizzotti, University of Chicago
⢠Antonella Trigari*, Bocconi University and CEPR
Discussant: Anna Rogantini Picco*, ECB 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
Session 3 on the second day of the 5th WE_ARE_IN Macroeconomics and Finance Conference 2025.
Chair: HÊlène Rey*, London Business School and CEPR
âGeopolitical Risk and Global Bankingâ
Authors:
⢠Friederike Niepmann, Board of Governors of the Federal Reserve System
⢠Leslie Shen*, Federal Reserve Bank of Boston
Discussant: Veronica De Falco*, Imperial College
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
Session 3 on the second day of the 5th WE_ARE_IN Macroeconomics and Finance Conference 2025.
Chair: HÊlène Rey*, London Business School and CEPR
âTrading Around Geopoliticsâ
Authors:
⢠Giancarlo Corsetti, European University Institute and CEPR
⢠Banu Demir, Oxford, Bilkent and CEPR
⢠Beata Javorcik*, European Bank for Reconstruction and Development, Oxford University and CEPR
Discussant: Feodora Teti*, ifo Institute, ECB 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
Welcome remarks by Philip R. Lane, ECB and CEPR on the 2nd 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
Policy Panel on the first day of the 5th WE_ARE_IN Macroeconomics and Finance Conference 2025.
âPolicy Panel: How to revive the European economy and unlock its potential?â
Moderator: Stefanie Flanders, Bloomberg
Panellists:
⢠Beata Javorcik, European Bank for Reconstruction and Development, Oxford University and CEPR
⢠AndrÊa 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
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
âCEO-Firm Matches and Productivity in 42 Countriesâ
Authors:
⢠Amanda Dahlstrand, University of Zurich
⢠Dåvid Låszló, 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
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
âSuperstar Firms through the Generationsâ
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
Session 1 on the first day of the 5th WE_ARE_IN Macroeconomics and Finance Conference 2025.
Chair: Agnese Leonello, ECB and CEPR
âCredit Card Bankingâ
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
Session 1 on the first day of the 5th WE_ARE_IN Macroeconomics and Finance Conference 2025.
Chair: Agnese Leonello, ECB and CEPR
âCommon Ownership and Climate Lendingâ
Authors:
⢠Elena Carletti*, Bocconi University and CEPR
⢠Anja ÄuranoviÄ, Utrecht University School of Economics
⢠Irene Monasterolo, Utrecht University School of Economics and CEPR
⢠Steven Ongena, University of Zßrich, 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