LLMs and IMF Advice, Dollar Trinity, Risk-On/Risk -Off and Loanly Govts: (Almost) Live-Blogging ISOM 2026
Original Report
Jeffrey Frankel and Hélène Rey organized a great conference for the NBER’s International Seminar on Macroeconomics, hosted by the Sveriges Riksbank; topics covered were wide and diverse. The program...
Jeffrey Frankel and Hélène Rey organized a great conference for the NBER’s International Seminar on Macroeconomics, hosted by the Sveriges Riksbank; topics covered were wide and diverse. The program is here: Source: Arvai, Coimbra (2026). Wednesday, June 24 Welcome address: Anna Seim, Deputy Governor, Sveriges Riksbank Chair: Hélène Rey, London Business School and NBER Reading […]
Glass House Analysis
This development in the banking sector reflects broader tensions between regulatory pressure and financial industry practices. The banking system serves as the circulatory system of the economy; any disruption ripples through to small businesses, homebuyers, and everyday consumers who depend on credit access.
The implications extend beyond the immediate news cycle. Every economic development creates ripples that affect employment, prices, and opportunities in ways that may not be immediately visible but are deeply felt. By tracking these connections, we can better understand how the economy truly works—not as an abstract machine, but as a human system shaped by and shaping the lives of millions.
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