Mom, Economist, Professor, Avid reader, Researcher, Writer, Women+Education
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Are emerging markets doing better under supply shocks? Our @voxeu.org and @brookings.edu 2023 paper w/Filiz Unsal explains how emerging markets can be resilient under global shocks. cepr.org/voxeu/column...
Stronger macro policies and institutions can give economic insurance and leverage.
Sebnem Kalemli-Ozcan
@kalemli-ozcan.bsky.social, Can Soylu, & Muhammed A. Yıldırım show that #tariffs act simultaneously as demand and supply shocks, and that even transitory tariffs can generate persistent inflation, large output losses, and global spillovers absent retaliation.
cepr.org/voxeu/column...
#EconSky
Thank you Chris Wellisz for this great profile article summarizing my research for
Finance and Development latest issue!
www.imf.org/en/publicati...
Videos and podcasts from 1st EP: PEGI conference, December 2025, as Russia’s invasion approached its fourth year. "What is next for Ukraine?" economic-policy.org/video-podcas...
how firms and cities adopt, how restructuring war-time debt is essential, and how governments use financial repression.
Our voxeu on the importance of global trade, production and finance networks for the macro impact of large tariffs: higher input prices and supply shortages, constrained demand, triggering a costly inflation process: cepr.org/voxeu/column...
Honored to give the keynote at the IMFER conference www.imf.org/en/news/semi...
on: "The Economic Policies for a Globally Interdependent and Geopolitically Fragmented World." Global interdependence can be weaponized for economic leverage but can also bring resilience.
What are the bond markets telling us? I at
@projectsyndicate.bsky.social
explain how markets are starting to price the new global inflationary environment of frequent supply shocks that monetary policy needs to navigate
www.project-syndicate.org/commentary/c...
Great conference by BancoDeEspana. In my panel, with Silvana Tenreyro and Maurice Obstfeld, we have discussed trade, exchange rates and monetary policy. Central banks will have a difficult time to hit their targets in the inflationary world of supply shocks: www.bde.es/wbe/en/notic...
Great conference!
bfi.uchicago.edu/events/event...
Many emerging markets avoided widespread financial crises over the 2022-2023 tightening cycle due to improved monetary policy credibility and reduced foreign-exchange vulnerabilities, show @kalemli-ozcan.bsky.social & Filiz Unsal.
cepr.org/voxeu/column...
#EconSky
When global uncertainty increases, emerging markets are typically the most exposed. Historically, tighter US monetary policy has led to capital outflows, currency depreciation, and tightening financia...
Tariffs have returned as instruments of economic and geopolitical policy, but their short- and medium-run macroeconomic effects are still not fully understood. This column introduces a new framework t...
cepr.org
The conference will focus on how trade, investment, finance, and regulation are deployed as instruments of power in a shifting global order. It seeks theoretical and empirical papers considering when ...
Program Chairs: Wendy Morrison, Duke University Marta Prato, Bocconi University The Becker Friedman Institute at the University of Chicago invites you to share your academic paper to be reviewed for t...