The recent Covid-19 pandemic and resulting economic crisis highlighted the potentially fragile nature of
globalization when confronted by a large shock. While the ensuing lockdowns suppressed domestic
economic activity, countries also suffered from international supply chain disruptions and capital flow
volatility. As economies begin to recover with the vaccine rollout, a great deal of uncertainty exists
about future economic growth and inflation. The potential asymmetric recoveries in the United States
and other countries further complicates the analysis and may have implications for external
adjustments, as well as the recovery paths of individual economies given financial and trade linkages.
This conference seeks to further our understanding of the open economy dimensions of inflation and
business cycle dynamics, in order to draw useful policy implications for the post-pandemic world.
- Maurice Obstfeld, University of California, Berkeley
- Silvana Tenreyro, Bank of England and London School of Economics
Scientific Committee and Local Organizers
Ozge Akinci (Federal Reserve Bank of New York), Gianluca
Benigno (Federal Reserve Bank of New York), Julian di Giovanni (Federal Reserve Bank of New York and
CEBRA), Andrei A. Levchenko (University of Michigan and CEBRA), Jing Zhang (Federal Reserve Bank of