Webinar Announcement: March 19, 12:00-13:00 Central European Time
How to build a Ukrainian Development Bank
by Inna Melnykovska (Central European University), Eric Monnet (Paris School of Economics), and Matthias Thiemann (Sciences Po Paris)
The future of Ukraine remains highly uncertain. In the long term, a strong economic recovery will be crucial for ensuring stability and peace. Recently, Inna Melnykovska, Eric Monnet, and Matthias Thiemann proposed establishing a Ukrainian development bank. According to these economists, such an institution could integrate existing financial structures, channel EU aid, support small and medium-sized enterprises, and drive economic modernization. In this webinar, they will discuss their ideas for building a Ukrainian Development Bank.
- Time: March 19, 2025, 12:00 – 13:00 Central European Time
- Online
- Presentation and discussion in English. Click HERE to register.
The Central Bank Research Association (CEBRA) organizes its annual meeting at the Federal Reserve Bank of Boston and the Harvard Business School.
You can find the call for papers HERE
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Tariffs and Consumer Prices: Insights from Newly Matched Consumption-Trade Micro Data
by Salomé Baslandze, Simon Fuchs, KC Pringle, and Michael Sparks
A new Policy Hub paper finds that 25 percent tariffs on Canadian and Mexican imports and an additional 10 percent tariff on imports from China and other countries could boost everyday US consumer prices by roughly 0.8 percent to 1.6 percent, with about half of the impact coming from Canadian and Mexican imports.
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Wow, that’s exciting and a great public good!
„The Global Macro Database: A New International Macroeconomic Dataset“ by Karsten Müller, Chenzi Xu, Mohamed Lehbib, and Ziliang Chen.
„The Global Macro Database is an open-source, continuously updated dataset of macroeconomic statistics that unifies and extends existing resources. By harmonizing and integrating data from 32 major contemporary sources—including the IMF, World Bank, and OECD—with historical records from 78 additional datasets, we construct comprehensive annual time series for 46 variables across 243 countries.“
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Really cool!
The CryptoLectures.io project at the University of Basel makes its courses available to the general public – free of charge.
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One can learn a lot by reading this paper!
„Trade Policy, Exchange Rates, and the Globalization Surge of the 1990s“ by Douglas A. Irwin
„The decision by developing countries to open up their economies to foreign trade and investment in the 1980s and 1990s was a momentous event in world history.“
„Like during the Great Depression, the exchange rate regime was a key factor behind a country’s trade policy.“
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The rising US federal debt is concerning!
Very interesting report by Wendy Edelberg, Benjamin Harris, and Louise Sheiner: „Assessing the Risks and Costs of the Rising U.S. Federal Debt„
„…our analysis suggests that, so long as the U.S. maintains its strong institutions and a fiscal trajectory that isn’t vastly worse than the one currently projected, the chance of a severe and enduring fiscal crisis over the next few decades from debt accumulation appears quite low.“
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It’s high time to have another look at interesting papers like this one!
„The macroeconomic stabilization of tariff shocks: What is the optimal monetary response?“ by Paul R. Bergin and Giancarlo Corsetti.
„In the wake of Brexit and Trump trade war, central banks face the need to reconsider the role of monetary policy in managing the inflationary-recessionary effects of hikes in tariffs. Using a New Keynesian model enriched with global value chains and firm dynamics, we show that the optimal monetary response is expansionary.“
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The Centre for Economic Policy Research (CEPR), the Bank for International Settlements – BIS, and the European Central Bank are inviting submissions for the 2025 Macroeconomics and Finance Conference, taking place on 20-21 October 2025 in Frankfurt, Germany.
More details & submission LINK
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