G7: The choice is not between adjustment and comfort. It is between adjustment that is gradual and shared, and adjustment that is disorderly and imposed by a crisis of the market’s choosing. www.ft.com/content/0e78...

Speaking in Madrid yesterday, Pope Leo XIV stated: "I encourage you to nurture the process of the European Union, which is not merely a counterweight to other powers, but a gift to humanity."

On 18-19 May, G7 Finance Ministers and Central Bank Governors meet in Paris, with the reduction of excessive global macroeconomic imbalances as a priority of the 🇫🇷 presidency 🗓️🌍🇫🇷 👉📄 Read the #G7 memo by @helene-rey.bsky.social, Gita Gopinath, Chong-En Bai and Axel Weber www.elysee.fr/en/G7evian/2...

The causes are genuinely contested — which is precisely what Paris Report 4: The New Global Imbalances, edited by @helene-rey.bsky.social , @wederdim.bsky.social and @jzettelmeyer.bsky.social for @cepr.org and @bruegel.org sets out to untangle. cepr.org/publications...

Un consensus sur les déséquilibres mondiaux est en train de s’imposer Pour @helene-rey.bsky.social, un accord politique est possible. Un entretien avec l'économiste au cœur de la construction du projet scientifique du G7—à lire absolument.

In her excellent keynote on internationalisation of currencies and cryptos @helene-rey.bsky.social argues that geopolitics and tech are the main forces driving the development. She illustrates her arguments via usercases such as remittances and illicit finance. #EABCNworkshop #BancadItalia #ECB

Élections en Hongrie : les partisans du parti de Peter Magyar fêtent à Budapest

Report on global imbalances handed in yesterday to President Emmanuel Macron for the G7 written with Gita Gopinath, Axel Weber and Chon-En Bai. jp.diplomatie.gouv.fr/fr/rapport-s...

Important paper on X algorithm effect on political views. www.nature.com/articles/s41...

There is such 'hunger' among Europeans to contribute to help Ukrainians through the cold. In NL we just broke through the €300.000 mark but this is next level. Five minutes! Ordinary Europeans stepping in to help Ukraine buy the generators it needs.

The London Consensus: edited by Tim Besley, Irene Bucelli & Andres Velasco (@lsepress.bsky.social) featuring research from @helene-rey.bsky.social. The book's gaining traction across academia, policy & media. From Delhi to Buenos Aires -challenging austerity economics. www.london.edu/news/the-lon...

www.pm.gc.ca/en/news/spee... Historic speech!

Our Democracy is up for sale. Do not support Reform, you will live to regret it.

Mon panel en Val d’Aoste sur le système monétaire international legrandcontinent.eu/fr/2025/12/3...

Important point: university isn't just for posh kids; Erasmus+ gives non-posh kids same chance as posh kids to study abroad, which they otherwise wdn't have; & covers vocational & other non-university training & education exchanges. And if more students come to the UK, that increases UK soft power.

Olympia Bover has been appointed president of the Catalan Statistics Council www.cemfi.es/all_news_blo...

Trump's policies are weakening the US. @helene-rey.bsky.social sees an opportunity for the euro. In an interview on the sidelines of the #UBSCenterForum, she warns of a future where the major powers compete financially. www.ubscenter.uzh.ch/en/news_even... #EconomicsForSociety #UZH #shareUBS

giftarticle.ft.com/giftarticle/.... An excellent column by Martin Wolf on Trump’s war on Europe. Great economic data to support the arguments and thank you for the generous mention of our European defense proposal. @kiel.institute @cepr.org @voxeu.org @schularick.bsky.social

NEW: Five years of social media history is only a fraction of what the US Government will shortly demand of overseas visitors. The full requirements will end tourism in the United States. Below is the full, mind-blowing list. 🚨THEY. WANT. YOUR. DNA.🚨 1/

The English version is here; cepr.org/voxeu/column...

Even more important after the US security strategy document. Our proposal for the future of European defense with @schularick.bsky.social @kiel.institute @voxeu.org and Philipp Hildebrand now in the Frankfurter Allgemeine Zeitung: www.faz.net/aktuell/wirt...

The panel featured: • Takeo Hoshi (University of Tokyo) • Signe Krogstrup (@nationalbanken.dk and CEPR) • Philip Lane (@ecb.europa.eu and CEPR) • @helene-rey.bsky.social (London Business School and CEPR) Chaired by: Olivier Garnier (@banquedefrance-off.bsky.social) #EconSky

The first panel of day 1 covered three main topics: differences and similarities b/w the past & current global imbalances, w/ specific discussion of Japan’s experience in the 1980s, whether imbalances are a cause for concern, & what the implications are for the monetary system & the role of the $.

The Trump administration released its latest National Security Strategy--and one thing that can be said is that there is no more pretending. It’s a plan to weaken European unity, to make Europe MAGA, to force Europe to take economic dictation by the USA…. open.substack.com/pub/phillips...

🇫🇷 Le Français Thibault Gonzales a été sacré champion du monde de pâté-croûte lundi soir à Lyon, un titre que les chefs japonais défendent farouchement depuis plusieurs années.

@martinsandbu.ft.com (generously) discussing our plan with Moritz Schularick and Philipp Hildebrand for joint financing of next generation defence capabilities (and their spillovers). @kiel.institute @voxeu.org @cepr.org

Vielen Dank! Amazing ceremony full of energy. A wonderful honour.

[Opinion] #EUDefense: "If #Europe fails to act, the very survival of the #European project and its core values would be at risk“, by Philipp Hildebrand, @helene-rey.bsky.social & @schularick.bsky.social | Le Monde
 www.lemonde.fr/en/opinion/a...

@kiel.institute @schularick.bsky.social @sophiepedder.bsky.social For Europe to gain relevance in international negotiations ( Ukraine, trade, democracy…)

www.lemonde.fr/idees/articl... Une architecture européenne pour la défense du futur un cadre à la fois technologique, industriel et financier afin d’atteindre une autonomie stratégique et de favoriser l’intégration des marchés financiers européens. @voxeu.org @cepr.org @sylviekauffmann.bsky.social

European defence governance and financing. Because Europe cannot be blackmailed any longer. If not now then when? @voxeu.org @cepr.org @kiel.institute cepr.org/voxeu/column...

From the US-Russia plan for Ukraine - US firms would get US$100bn in cash from Russia's frozen central bank reserves to invest in Ukraine's reconstruction, with the US (government) ultimately receiving 50% of the profits (US claims over Russia's frozen reserves amount to only US$5bn)

The scramble for Europe is just beginning Europe’s weakness on security had negated its potential strength on trade. One form of frailty had led to another. on.ft.com/4oDf4Tk

podcasts.apple.com/gb/podcast/a... Discussion between Olivier Blanchard, Eric Monnet and me. Thank you Christine Ockrent and France culture. @franceculture.fr @cepr.org

The EU, Nobel Peace Prize, must now invest in its defence.

lesechos.fr/idees-debats... via @LesEchos

@cepr.org Vice-President @helene-rey.bsky.social of London Business School will discuss at #UBSCenterForum whether current trade tensions signal temporary disruption or lasting fragmentation. www.ubscenter.uzh.ch/en/news_even... #EconomicsForSociety #UZH #shareUBS @econ.uzh.ch

K Aoki, A Auerbach, C Yuji Horioka, A Kashyap, T Watanabe, & D Weinstein discuss the legacy of Takatoshi Ito. His work is notable for challenging the perception that standard economic analysis is somehow ill-suited for understanding the Japanese economy. cepr.org/voxeu/column... #EconSky

Les revenus crypto perçus par Trump ont dépassé les 800 millions de dollars au premier semestre

The Washington Consensus is now largely discredited. Researchers including Tim Besley, @helene-rey.bsky.social, @drodrik.bsky.social and others have published a book on what economists have learned since then. (Although I’d have given it a different title) www.waterstones.com/book/the-lon...

#EEA2025 the recordings of @helene-rey.bsky.social Presidential Address, Ekaterina Zhuravskaya's Marshall Lecture & @ygorodnichenko.bsky.social Schumpeter Lecture are now available here: studio.youtube.com/playlist/PLe...

Fascinating data. There are three things here that really matter to people, and they think matter to everyone: Healthcare Economy Prices There is ONE thing that they assume matters to everyone, because it dominates so much of the narrative, but it is NOT affecting them personally: Immigration

on.ft.com/3IxMjYm And this applies to cryptos as well…

My thoughts on the effect of stable coins on internationalisation of currencies, financial stability and public finances. www.imf.org/en/Publicati...

🔔 End of EEA 2025 Congress 🙏 Thank you @eeanews.bsky.social @helene-rey.bsky.social 👍 All the participants and keynote speakers for their presence and contributions 🙌 BSE team, UB event 🤝 Nos tutelles @univbordeaux.bsky.social @cnrsaquitaine.bsky.social @inrae-france.bsky.social #EEA2025