International and Monetary Economics Network
@intmon.bsky.social
The International and Monetary Economics Network covers a broad range of topics in international and monetary economics. The network comprises alums of the Universities of Bern and Basel and everyone interested in international and monetary economics.
Super interesting!
"Heaven or Earth? The Evolving Role of Global Shocks for Domestic Monetary Policy" by K. Forbes, J. Ha, and M. Kose.
"the role of global shocks has increased sharply over time and ...their characteristics differ from those of domestic shocks..."
papers.ssrn.com/sol3/papers....
"Heaven or Earth? The Evolving Role of Global Shocks for Domestic Monetary Policy" by K. Forbes, J. Ha, and M. Kose.
"the role of global shocks has increased sharply over time and ...their characteristics differ from those of domestic shocks..."
papers.ssrn.com/sol3/papers....
February 5, 2026 at 10:31 AM
Super interesting!
"Heaven or Earth? The Evolving Role of Global Shocks for Domestic Monetary Policy" by K. Forbes, J. Ha, and M. Kose.
"the role of global shocks has increased sharply over time and ...their characteristics differ from those of domestic shocks..."
papers.ssrn.com/sol3/papers....
"Heaven or Earth? The Evolving Role of Global Shocks for Domestic Monetary Policy" by K. Forbes, J. Ha, and M. Kose.
"the role of global shocks has increased sharply over time and ...their characteristics differ from those of domestic shocks..."
papers.ssrn.com/sol3/papers....
Thought-provoking and highly relevant!
"The Doom Loop: Why the World Economic Order Is Spiraling into Disorder" by Eswar S. Prasad.
"The Doom Loop offers ...makes it clear that old solutions cannot pull us out—we need radically new solutions to solve the world’s problems."
amzn.to/4aevrjp
"The Doom Loop: Why the World Economic Order Is Spiraling into Disorder" by Eswar S. Prasad.
"The Doom Loop offers ...makes it clear that old solutions cannot pull us out—we need radically new solutions to solve the world’s problems."
amzn.to/4aevrjp
February 4, 2026 at 8:55 AM
Thought-provoking and highly relevant!
"The Doom Loop: Why the World Economic Order Is Spiraling into Disorder" by Eswar S. Prasad.
"The Doom Loop offers ...makes it clear that old solutions cannot pull us out—we need radically new solutions to solve the world’s problems."
amzn.to/4aevrjp
"The Doom Loop: Why the World Economic Order Is Spiraling into Disorder" by Eswar S. Prasad.
"The Doom Loop offers ...makes it clear that old solutions cannot pull us out—we need radically new solutions to solve the world’s problems."
amzn.to/4aevrjp
Highly relevant!
"The Macroeconomic Effects of Climate Policy Uncertainty" by Konstantinos Gavriilidis, Diego R. Känzig, Ramya Raghavan, and James H. Stock.
www.nber.org/papers/w34762
"The Macroeconomic Effects of Climate Policy Uncertainty" by Konstantinos Gavriilidis, Diego R. Känzig, Ramya Raghavan, and James H. Stock.
www.nber.org/papers/w34762
February 2, 2026 at 1:58 PM
Highly relevant!
"The Macroeconomic Effects of Climate Policy Uncertainty" by Konstantinos Gavriilidis, Diego R. Känzig, Ramya Raghavan, and James H. Stock.
www.nber.org/papers/w34762
"The Macroeconomic Effects of Climate Policy Uncertainty" by Konstantinos Gavriilidis, Diego R. Känzig, Ramya Raghavan, and James H. Stock.
www.nber.org/papers/w34762
Highly relevant!
"A Macroeconomic Perspective on Stock Market Valuation Ratios" by Andrew Atkeson, Jonathan Heathcote, and Fabrizio Perri.
www.nber.org/papers/w34748
"A Macroeconomic Perspective on Stock Market Valuation Ratios" by Andrew Atkeson, Jonathan Heathcote, and Fabrizio Perri.
www.nber.org/papers/w34748
February 1, 2026 at 1:39 PM
Highly relevant!
"A Macroeconomic Perspective on Stock Market Valuation Ratios" by Andrew Atkeson, Jonathan Heathcote, and Fabrizio Perri.
www.nber.org/papers/w34748
"A Macroeconomic Perspective on Stock Market Valuation Ratios" by Andrew Atkeson, Jonathan Heathcote, and Fabrizio Perri.
www.nber.org/papers/w34748
Food for thought!
"Monetary policy and private equity acquisitions: tracing the links" by Fernando Avalos, Boris Hofmann, and Jose Maria Serena.
www.bis.org/publ/work132...
"Monetary policy and private equity acquisitions: tracing the links" by Fernando Avalos, Boris Hofmann, and Jose Maria Serena.
www.bis.org/publ/work132...
January 31, 2026 at 9:43 PM
Food for thought!
"Monetary policy and private equity acquisitions: tracing the links" by Fernando Avalos, Boris Hofmann, and Jose Maria Serena.
www.bis.org/publ/work132...
"Monetary policy and private equity acquisitions: tracing the links" by Fernando Avalos, Boris Hofmann, and Jose Maria Serena.
www.bis.org/publ/work132...
This week's highlights for our active supporters: Global Economy Flash, Kevin Warsh, geopolitics as a monetary shock, job opportunities, and much more..."
open.substack.com/pub/imenecon...
open.substack.com/pub/imenecon...
January 31, 2026 at 8:06 PM
This week's highlights for our active supporters: Global Economy Flash, Kevin Warsh, geopolitics as a monetary shock, job opportunities, and much more..."
open.substack.com/pub/imenecon...
open.substack.com/pub/imenecon...
Super interesting!
"A Behavioral Heterogeneous Agent New Keynesian Model" by Oliver Pfäuti and Fabian Seyrich.
sites.utexas.edu/macro/2026/0...
"A Behavioral Heterogeneous Agent New Keynesian Model" by Oliver Pfäuti and Fabian Seyrich.
sites.utexas.edu/macro/2026/0...
January 29, 2026 at 8:14 PM
Super interesting!
"A Behavioral Heterogeneous Agent New Keynesian Model" by Oliver Pfäuti and Fabian Seyrich.
sites.utexas.edu/macro/2026/0...
"A Behavioral Heterogeneous Agent New Keynesian Model" by Oliver Pfäuti and Fabian Seyrich.
sites.utexas.edu/macro/2026/0...
US economy: We can expect solid GDP growth for the fourth quarter of 2025 despite the government shutdown. The GDPNow model of the Atlanta Fed is 4.2 percent (annualized). The New York Fed Staff Nowcast is 2.7 percent.
Our IMEN nowcast currently stands at 3.3 percent.
Our IMEN nowcast currently stands at 3.3 percent.
January 29, 2026 at 8:00 PM
US economy: We can expect solid GDP growth for the fourth quarter of 2025 despite the government shutdown. The GDPNow model of the Atlanta Fed is 4.2 percent (annualized). The New York Fed Staff Nowcast is 2.7 percent.
Our IMEN nowcast currently stands at 3.3 percent.
Our IMEN nowcast currently stands at 3.3 percent.
Wow, super interesting!
"Money Beyond Borders: Global Currencies from Croesus to Crypto" by Barry Eichengreen
"In Money Beyond Borders, the leading authority on international currencies, Barry Eichengreen, puts the dollar’s prospects in deep historical perspective..."
amzn.to/4qCkXRz
"Money Beyond Borders: Global Currencies from Croesus to Crypto" by Barry Eichengreen
"In Money Beyond Borders, the leading authority on international currencies, Barry Eichengreen, puts the dollar’s prospects in deep historical perspective..."
amzn.to/4qCkXRz
January 24, 2026 at 2:58 PM
Wow, super interesting!
"Money Beyond Borders: Global Currencies from Croesus to Crypto" by Barry Eichengreen
"In Money Beyond Borders, the leading authority on international currencies, Barry Eichengreen, puts the dollar’s prospects in deep historical perspective..."
amzn.to/4qCkXRz
"Money Beyond Borders: Global Currencies from Croesus to Crypto" by Barry Eichengreen
"In Money Beyond Borders, the leading authority on international currencies, Barry Eichengreen, puts the dollar’s prospects in deep historical perspective..."
amzn.to/4qCkXRz
Highly relevant!
"Financial Globalization: Risk Sharing or Risk Exposure?" by E Mendoza and V Quadrini
"We study how the increased cross-country ownership of financial assets between advanced and emerging economies impacted their financial and macroeconomic volatility"
www.nber.org/papers/w34689
"Financial Globalization: Risk Sharing or Risk Exposure?" by E Mendoza and V Quadrini
"We study how the increased cross-country ownership of financial assets between advanced and emerging economies impacted their financial and macroeconomic volatility"
www.nber.org/papers/w34689
January 22, 2026 at 5:04 PM
Highly relevant!
"Financial Globalization: Risk Sharing or Risk Exposure?" by E Mendoza and V Quadrini
"We study how the increased cross-country ownership of financial assets between advanced and emerging economies impacted their financial and macroeconomic volatility"
www.nber.org/papers/w34689
"Financial Globalization: Risk Sharing or Risk Exposure?" by E Mendoza and V Quadrini
"We study how the increased cross-country ownership of financial assets between advanced and emerging economies impacted their financial and macroeconomic volatility"
www.nber.org/papers/w34689
Global Economy Flash – January 2026: Resilient amid headwinds, yet fragile
open.substack.com/pub/imenecon...
open.substack.com/pub/imenecon...
January 22, 2026 at 2:23 PM
Global Economy Flash – January 2026: Resilient amid headwinds, yet fragile
open.substack.com/pub/imenecon...
open.substack.com/pub/imenecon...
German economy – How are you doing?
In our recent survey, a majority of our community expects gross domestic product to increase by about 1% in 2026. We are slightly more optimistic and expect a growth rate of 1.2%.
open.substack.com/pub/imenecon...
In our recent survey, a majority of our community expects gross domestic product to increase by about 1% in 2026. We are slightly more optimistic and expect a growth rate of 1.2%.
open.substack.com/pub/imenecon...
January 18, 2026 at 10:07 AM
German economy – How are you doing?
In our recent survey, a majority of our community expects gross domestic product to increase by about 1% in 2026. We are slightly more optimistic and expect a growth rate of 1.2%.
open.substack.com/pub/imenecon...
In our recent survey, a majority of our community expects gross domestic product to increase by about 1% in 2026. We are slightly more optimistic and expect a growth rate of 1.2%.
open.substack.com/pub/imenecon...
Super interesting!
"The Transmission of Foreign Shocks in a Networked Economy" by Pablo Aguilar, Rubén Domínguez-Díaz, José-Elías Gallegos, and Javier Quintana.
www.joseeliasgallegos.com/uploads/7/5/...
"The Transmission of Foreign Shocks in a Networked Economy" by Pablo Aguilar, Rubén Domínguez-Díaz, José-Elías Gallegos, and Javier Quintana.
www.joseeliasgallegos.com/uploads/7/5/...
January 17, 2026 at 10:29 PM
Super interesting!
"The Transmission of Foreign Shocks in a Networked Economy" by Pablo Aguilar, Rubén Domínguez-Díaz, José-Elías Gallegos, and Javier Quintana.
www.joseeliasgallegos.com/uploads/7/5/...
"The Transmission of Foreign Shocks in a Networked Economy" by Pablo Aguilar, Rubén Domínguez-Díaz, José-Elías Gallegos, and Javier Quintana.
www.joseeliasgallegos.com/uploads/7/5/...
Monetary policy and political pressure: It's high time to have another look at interesting analyses like this one!
"Political Pressure on the Fed" by Thomas Drechsel.
econweb.umd.edu/~drechsel/pa...
"Political Pressure on the Fed" by Thomas Drechsel.
econweb.umd.edu/~drechsel/pa...
January 13, 2026 at 9:36 PM
Monetary policy and political pressure: It's high time to have another look at interesting analyses like this one!
"Political Pressure on the Fed" by Thomas Drechsel.
econweb.umd.edu/~drechsel/pa...
"Political Pressure on the Fed" by Thomas Drechsel.
econweb.umd.edu/~drechsel/pa...
Food for thought!
"Fiscal Inaction as Monetary Support" by George-Marios Angeletos, Chen Lian, and Christian K. Wolf.
www.nber.org/papers/w34654
"Fiscal Inaction as Monetary Support" by George-Marios Angeletos, Chen Lian, and Christian K. Wolf.
www.nber.org/papers/w34654
January 12, 2026 at 9:05 AM
Food for thought!
"Fiscal Inaction as Monetary Support" by George-Marios Angeletos, Chen Lian, and Christian K. Wolf.
www.nber.org/papers/w34654
"Fiscal Inaction as Monetary Support" by George-Marios Angeletos, Chen Lian, and Christian K. Wolf.
www.nber.org/papers/w34654
Highly relevant!
"Tariffs as National Security Tools: Rethinking Comparative Advantage and Framing National Security" by Gianluca Benigno.
National security "is about meeting subsistence needs under disruption risk."
gianlucabenigno.substack.com/p/tariffs-as...
"Tariffs as National Security Tools: Rethinking Comparative Advantage and Framing National Security" by Gianluca Benigno.
National security "is about meeting subsistence needs under disruption risk."
gianlucabenigno.substack.com/p/tariffs-as...
January 11, 2026 at 9:25 PM
Highly relevant!
"Tariffs as National Security Tools: Rethinking Comparative Advantage and Framing National Security" by Gianluca Benigno.
National security "is about meeting subsistence needs under disruption risk."
gianlucabenigno.substack.com/p/tariffs-as...
"Tariffs as National Security Tools: Rethinking Comparative Advantage and Framing National Security" by Gianluca Benigno.
National security "is about meeting subsistence needs under disruption risk."
gianlucabenigno.substack.com/p/tariffs-as...
Highly relevant!
"Northern insights: Measuring geopolitical risk through Finnish news media" by Gene Ambrocio, Zuzana Fungáčová, Joni Heikkinen, Eeva Kerola, Iikka Korhonen, and Anni Norring.
cepr.org/voxeu/column...
"Northern insights: Measuring geopolitical risk through Finnish news media" by Gene Ambrocio, Zuzana Fungáčová, Joni Heikkinen, Eeva Kerola, Iikka Korhonen, and Anni Norring.
cepr.org/voxeu/column...
January 10, 2026 at 12:29 PM
Highly relevant!
"Northern insights: Measuring geopolitical risk through Finnish news media" by Gene Ambrocio, Zuzana Fungáčová, Joni Heikkinen, Eeva Kerola, Iikka Korhonen, and Anni Norring.
cepr.org/voxeu/column...
"Northern insights: Measuring geopolitical risk through Finnish news media" by Gene Ambrocio, Zuzana Fungáčová, Joni Heikkinen, Eeva Kerola, Iikka Korhonen, and Anni Norring.
cepr.org/voxeu/column...
Highly recommended!
"The future of the Fed: Central bank independence and fiscal dominance," speech by Janet L. Yellen.
www.brookings.edu/articles/rem...
"The future of the Fed: Central bank independence and fiscal dominance," speech by Janet L. Yellen.
www.brookings.edu/articles/rem...
January 9, 2026 at 3:20 PM
Highly recommended!
"The future of the Fed: Central bank independence and fiscal dominance," speech by Janet L. Yellen.
www.brookings.edu/articles/rem...
"The future of the Fed: Central bank independence and fiscal dominance," speech by Janet L. Yellen.
www.brookings.edu/articles/rem...
Highly recommended!
"Financing the AI boom: from cash flows to debt" by Iñaki Aldasoro, Sebastian Doerr, and Daniel Rees
www.bis.org/publ/bisbull...
"Financing the AI boom: from cash flows to debt" by Iñaki Aldasoro, Sebastian Doerr, and Daniel Rees
www.bis.org/publ/bisbull...
January 7, 2026 at 3:08 PM
Highly recommended!
"Financing the AI boom: from cash flows to debt" by Iñaki Aldasoro, Sebastian Doerr, and Daniel Rees
www.bis.org/publ/bisbull...
"Financing the AI boom: from cash flows to debt" by Iñaki Aldasoro, Sebastian Doerr, and Daniel Rees
www.bis.org/publ/bisbull...
Highly relevant!
"You only live twice: Financial inflows and growth in a westward-facing Ukraine" by Yuriy Gorodnichenko and Maurice Obstfeld.
"The monumental task of rebuilding postwar Ukraine requires early planning and identification of growth strategies."
www.piie.com/publications...
"You only live twice: Financial inflows and growth in a westward-facing Ukraine" by Yuriy Gorodnichenko and Maurice Obstfeld.
"The monumental task of rebuilding postwar Ukraine requires early planning and identification of growth strategies."
www.piie.com/publications...
January 7, 2026 at 12:15 PM
Highly relevant!
"You only live twice: Financial inflows and growth in a westward-facing Ukraine" by Yuriy Gorodnichenko and Maurice Obstfeld.
"The monumental task of rebuilding postwar Ukraine requires early planning and identification of growth strategies."
www.piie.com/publications...
"You only live twice: Financial inflows and growth in a westward-facing Ukraine" by Yuriy Gorodnichenko and Maurice Obstfeld.
"The monumental task of rebuilding postwar Ukraine requires early planning and identification of growth strategies."
www.piie.com/publications...
Super interesting!
"Expanding the Landscape of Cross-Border Flow Restrictions: Modern Tools and Historical Perspectives" by Katharina Bergant, Andrés Fernández, Ken Teoh, and Martín Uribe.
www.nber.org/papers/w34615
"Expanding the Landscape of Cross-Border Flow Restrictions: Modern Tools and Historical Perspectives" by Katharina Bergant, Andrés Fernández, Ken Teoh, and Martín Uribe.
www.nber.org/papers/w34615
January 6, 2026 at 3:14 PM
Super interesting!
"Expanding the Landscape of Cross-Border Flow Restrictions: Modern Tools and Historical Perspectives" by Katharina Bergant, Andrés Fernández, Ken Teoh, and Martín Uribe.
www.nber.org/papers/w34615
"Expanding the Landscape of Cross-Border Flow Restrictions: Modern Tools and Historical Perspectives" by Katharina Bergant, Andrés Fernández, Ken Teoh, and Martín Uribe.
www.nber.org/papers/w34615
Highly relevant!
"The Incidence of Tariffs: Rates and Reality" by Gita Gopinath and Brent Neiman.
"...tariff pass-through to U.S. import prices is almost 100 percent, so the United States is bearing a large share of the costs..."
www.nber.org/papers/w34620
"The Incidence of Tariffs: Rates and Reality" by Gita Gopinath and Brent Neiman.
"...tariff pass-through to U.S. import prices is almost 100 percent, so the United States is bearing a large share of the costs..."
www.nber.org/papers/w34620
January 5, 2026 at 7:55 PM
Highly relevant!
"The Incidence of Tariffs: Rates and Reality" by Gita Gopinath and Brent Neiman.
"...tariff pass-through to U.S. import prices is almost 100 percent, so the United States is bearing a large share of the costs..."
www.nber.org/papers/w34620
"The Incidence of Tariffs: Rates and Reality" by Gita Gopinath and Brent Neiman.
"...tariff pass-through to U.S. import prices is almost 100 percent, so the United States is bearing a large share of the costs..."
www.nber.org/papers/w34620
The German economy is widely expected to grow again in 2026. But by how much?
open.substack.com/pub/imenecon...
open.substack.com/pub/imenecon...
January 5, 2026 at 3:36 PM
The German economy is widely expected to grow again in 2026. But by how much?
open.substack.com/pub/imenecon...
open.substack.com/pub/imenecon...
Super interesting!
"Why Care About Debt-to-GDP?" by Jonathan B. Berk and Jules H. van Binsbergen.
www.nber.org/papers/w34629
"Why Care About Debt-to-GDP?" by Jonathan B. Berk and Jules H. van Binsbergen.
www.nber.org/papers/w34629
January 5, 2026 at 2:22 PM
Super interesting!
"Why Care About Debt-to-GDP?" by Jonathan B. Berk and Jules H. van Binsbergen.
www.nber.org/papers/w34629
"Why Care About Debt-to-GDP?" by Jonathan B. Berk and Jules H. van Binsbergen.
www.nber.org/papers/w34629
So many interesting presentations again at the ASSA meeting. Some sessions will be streamed. For instance, the session "The Dollar after the Tariff War" looks super interesting!
The session starts with "The Optimal Macro Tariff" by O. Itskhoki and D. Mukhin.
www.aeaweb.org/conference/2...
The session starts with "The Optimal Macro Tariff" by O. Itskhoki and D. Mukhin.
www.aeaweb.org/conference/2...
January 2, 2026 at 9:02 PM
So many interesting presentations again at the ASSA meeting. Some sessions will be streamed. For instance, the session "The Dollar after the Tariff War" looks super interesting!
The session starts with "The Optimal Macro Tariff" by O. Itskhoki and D. Mukhin.
www.aeaweb.org/conference/2...
The session starts with "The Optimal Macro Tariff" by O. Itskhoki and D. Mukhin.
www.aeaweb.org/conference/2...