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ECB Annual Research Conference 2026

Geoeconomics and the International Trading System

16 and 17 September 2026

Frankfurt am Main

PHOTOS

High-quality images of the ECB Annual Research Conference 2026 are available in the ECB photo hub.

The rules-based multilateral international trading system is under strain. Great-power competition, security concerns, and the deliberate use of geoeconomic dependencies for strategic ends point towards a fundamental shift in the relationship between economics and geopolitics. This year's Annual Research Conference wants to contribute to a better understanding of the underlying dynamics by showcasing the latest academic research and by providing a forum for researchers and policymakers to exchange ideas and discuss Europe's options in this new global environment.

16 September 2026
9:15

Welcome address

Luc Laeven, Director General Research, European Central Bank

9:30

Session 1 

Geopolitics and Globalisation

Chair: Luc Laeven, Director General Research, European Central Bank  

A Network Approach to Geopolitics

  • Ernest Liu, Princeton University
  • Stephen Redding*, Stanford University
  • Bennett Smith-Worthington, Princeton University
  • David Yang, Harvard University
  • Discussant: Isabelle Mejean, Sciences Po
11:00

Hegemonic Globalisation

  • Fernando Broner, Centre de Recerca en Economia Internacional
  • Alberto Martin*, Centre de Recerca en Economia Internacional
  • Josefin Meyer, Deutsches Institut für Wirtschaftsforschung Berlin
  • Christoph Trebesch, Kiel Institute for the World Economy

Discussant: Dmitry Mukhin, London School of Economics

14:15

Policy panel
Geoeconomics and Trade: Risks, Resilience and Policy Responses

Chair: Boris Vujčić, Vice-President, European Central Bank

Panellists:

  • Beatrice Weder di Mauro, Geneva Graduate Institute
  • Kevin O'Rourke, Sciences Po
  • Linda Tesar, University of Michigan
16:00

Session 2

Critical Dependencies, Industrial Policy, and Geoeconomic Power

Chair: Roland Straub, Director General Monetary Policy, European Central Bank

International Power

  • David Yang*, Harvard University
  • Ernest Liu, Princeton University
  • Discussant: Massimo Morelli, Bocconi University
17:15

Trade and Industrial Policy in Supply Chains: Directed Technological Change in Rare Earths

  • Laura Alfaro*, Inter-American Development Bank
  • Harald Fadinger, University of Vienna
  • Jan Schymik, University of Mannheim
  • Gede Virananda, New York University Stern School of Business

Discussant: Kalina Manova, University College London

17 September 2026
9:00

Jean Monnet lecture “Economic Size and Economic Power”

Paul Krugman, City University of New York

Chair: Philip R. Lane, Member of the Executive Board, European Central Bank

10:45

Session 3

The Welfare Effects of Sanctions and Tariffs


A World Trading System for Whom? Evidence from Global Tariffs

  • Rodrigo Adão, University of Chicago Booth School of Business
  • John Sturm Becko, Princeton University
  • Arnaud Costinot*, Massachusetts Institute of Technology
  • Dave Donaldson, Massachusetts Institute of Technology

Discussant: Meredith Crowley, University of Cambridge

This programme may be subject to change without notice.

Audiovisual notice: A photographer will be present at the event taking photographs for our internet / intranet webpage. If you prefer not to have your photograph taken, please approach the photographer directly. The event may be filmed and the video recording, or parts of it, may be published on the internet / intranet.

General information

Venue

European Central Bank
Main Building, C2.02
Sonnemannstrasse 20
60314 Frankfurt am Main
Germany

Language

English

Transportation

Participants are requested to arrange their own transfers, unless indicated otherwise.

Organising committee

Luca Dedola, Alistair Dieppe, Justyna Ferstl, Georgios Georgiadis, Luc Laeven, Georg Strasser, Isabel Vansteenkiste (all European Central Bank)

Contact