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Hélène Rey

@helene-rey.bsky.social
1.6K followers 296 following 63 posts

Professor of Economics London Business School Vice President CEPR President European Economic Association. Views are my own.

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Hélène Rey @helene-rey.bsky.social · 15/06/2026
G7: The choice is not between adjustment and comfort. It is between adjustment that is gradual and shared, and adjustment that is disorderly and imposed by a crisis of the market’s choosing. www.ft.com/content/0e78...
ft.com
Global imbalances need not lead to trade wars
The world’s benign arithmetic will turn malign if countries do not adjust
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European News @eunews.social · 07/06/2026
Speaking in Madrid yesterday, Pope Leo XIV stated: "I encourage you to nurture the process of the European Union, which is not merely a counterweight to other powers, but a gift to humanity."
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Hélène Rey @helene-rey.bsky.social · 23/05/2026
substack.com/@federicarom...
substack.com
Federica Romei (@federicaromei)
Wednesday? One Extra Year story! This week, Evi Pappa will share her story through “fragments from the Diary.” It is a story of resilience and success.
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Philippe Wen @philippewen.bsky.social · 18/05/2026
On 18-19 May, G7 Finance Ministers and Central Bank Governors meet in Paris, with the reduction of excessive global macroeconomic imbalances as a priority of the 🇫🇷 presidency 🗓️🌍🇫🇷 👉📄 Read the #G7 memo by @helene-rey.bsky.social, Gita Gopinath, Chong-En Bai and Axel Weber www.elysee.fr/en/G7evian/2...
Executive Summary of the G7 Economists Memo on Global Imbalances (1/2)Chart: Current account composition (percentage of country/area's GDP): China, US, Euro Area
Source: Paris Report. Balakrishnan (2026, CEPR)

Seen in the G7 Economists Memo on Global Imbalances

International Economic Governance Institutions and Enhanced Cooperation Across Them

Seen in the G7 Economists Memo on Global ImbalancesExecutive Summary of the G7 Economists Memo on Global Imbalances (2/2)
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Centre for Economic Policy Research @cepr.org · 21/04/2026
The causes are genuinely contested — which is precisely what Paris Report 4: The New Global Imbalances, edited by @helene-rey.bsky.social , @wederdim.bsky.social and @jzettelmeyer.bsky.social for @cepr.org and @bruegel.org sets out to untangle. cepr.org/publications...
cepr.org
Paris Report 4: The New Global Imbalances
Global imbalances are back in focus. Central banks, international organizations, the G7 and the G20 are debating their causes and remedies. This Paris Report 4 – a joint CEPR-Bruegel initiative – aims...
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Grand Continent @grandcontinent.bsky.social · 30/04/2026
Un consensus sur les déséquilibres mondiaux est en train de s’imposer Pour @helene-rey.bsky.social, un accord politique est possible. Un entretien avec l'économiste au cœur de la construction du projet scientifique du G7—à lire absolument.
legrandcontinent.eu
Un consensus sur les déséquilibres mondiaux est en train de s’imposer | Le Grand Continent
Est-ce la dernière chance avant une dérive géopolitique incontrôlée ?
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Elisa Newby @elisanewby.bsky.social · 04/05/2026
In her excellent keynote on internationalisation of currencies and cryptos @helene-rey.bsky.social argues that geopolitics and tech are the main forces driving the development. She illustrates her arguments via usercases such as remittances and illicit finance. #EABCNworkshop #BancadItalia #ECB
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EUwatch 🇪🇺 @euwatch.live · 12/04/2026
Élections en Hongrie : les partisans du parti de Peter Magyar fêtent à Budapest
fr.euronews.com
Vidéo. Élections en Hongrie : les partisans du parti de Peter Magyar fêtent à Budapest
Vidéo. Des partisans de Péter Magyar, chef du parti conservateur pro-européen TISZA, célèbrent sur les rives du Danube à Budapest.
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Hélène Rey @helene-rey.bsky.social · 31/03/2026
Report on global imbalances handed in yesterday to President Emmanuel Macron for the G7 written with Gita Gopinath, Axel Weber and Chon-En Bai. jp.diplomatie.gouv.fr/fr/rapport-s...
jp.diplomatie.gouv.fr
Rapport sur les déséquilibres mondiaux par le groupe d'experts en économie du G7 | La France au Japon
30 mars 2026
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Hélène Rey @helene-rey.bsky.social · 17/03/2026
www.bis.org/press/p26031...
bis.org
Hélène Rey appointed as Economic Adviser and Head of Monetary and Economic Department
Hélène Rey, Professor of Economics at London Business School, appointed as Economic Adviser and Head of the Monetary and Economic Department of the BIS. Ms Rey is appointed for a five-year term, effec...
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Hélène Rey @helene-rey.bsky.social · 23/02/2026
Important paper on X algorithm effect on political views. www.nature.com/articles/s41...
nature.com
The political effects of X’s feed algorithm - Nature
Among users initially on a chronological feed, 7 weeks of exposure to X’s algorithmic feed in 2023 shifted political attitudes and account-following behaviour in a more conservative direction compared...
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Hélène Rey @helene-rey.bsky.social · 11/02/2026
www.politico.eu/article/bund...
politico.eu
Bundesbank boss: New reality calls for more EU debt
Joachim Nagel’s shift on eurobonds reflects today’s “different reality,” he told POLITICO.
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Joris Luyendijk @jorisluyendijk.bsky.social · 07/02/2026
There is such 'hunger' among Europeans to contribute to help Ukrainians through the cold. In NL we just broke through the €300.000 mark but this is next level. Five minutes! Ordinary Europeans stepping in to help Ukraine buy the generators it needs.
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STICERD & CASE @ LSE @lse-sticerd-case.bsky.social · 26/01/2026
The London Consensus: edited by Tim Besley, Irene Bucelli & Andres Velasco (@lsepress.bsky.social) featuring research from @helene-rey.bsky.social. The book's gaining traction across academia, policy & media. From Delhi to Buenos Aires -challenging austerity economics. www.london.edu/news/the-lon...
london.edu
A new framework for a fractured world | London Business School
The London Consensus: a global benchmark for economic policy, and LBS’s role within it
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Hélène Rey @helene-rey.bsky.social · 20/01/2026
www.pm.gc.ca/en/news/spee... Historic speech!
pm.gc.ca
News
Right Honourable Mark Carney - Le très honorable Mark Carney
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Brian Jorgensen @doethwr.bsky.social · 18/01/2026
Our Democracy is up for sale. Do not support Reform, you will live to regret it.
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Hélène Rey @helene-rey.bsky.social · 01/01/2026
Mon panel en Val d’Aoste sur le système monétaire international legrandcontinent.eu/fr/2025/12/3...
legrandcontinent.eu
Vers une nouvelle monnaie ? Avec Eichengreen, Kazāks, Knot, Lalucq, Rey et Tolosa | Le Grand Continent
En arsenalisant leur devise avec l'offensive des stablecoins, les États-Unis n’attaquent pas uniquement l’euro — ils s'en prennent à toutes les autres monnaies. L’Union n'a plus le choix : elle doit ...
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Ian Bond @cerianbond.bsky.social · 18/12/2025
Important point: university isn't just for posh kids; Erasmus+ gives non-posh kids same chance as posh kids to study abroad, which they otherwise wdn't have; & covers vocational & other non-university training & education exchanges. And if more students come to the UK, that increases UK soft power.
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CEMFI @cemfi.es · 18/12/2025
Olympia Bover has been appointed president of the Catalan Statistics Council www.cemfi.es/all_news_blo...
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Economics. For Society. @ubscenter.uzh.ch · 18/12/2025
Trump's policies are weakening the US. @helene-rey.bsky.social sees an opportunity for the euro. In an interview on the sidelines of the #UBSCenterForum, she warns of a future where the major powers compete financially. www.ubscenter.uzh.ch/en/news_even... #EconomicsForSociety #UZH #shareUBS
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Hélène Rey @helene-rey.bsky.social · 18/12/2025
giftarticle.ft.com/giftarticle/.... An excellent column by Martin Wolf on Trump’s war on Europe. Great economic data to support the arguments and thank you for the generous mention of our European defense proposal. @kiel.institute @cepr.org @voxeu.org @schularick.bsky.social
giftarticle.ft.com
Trump’s war on Europe
American foreign policy now aims to help rightwing nationalists into power across the continent
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Margot Finn @eicathomefinn.bsky.social · 18/12/2025
www.nature.com/articles/d41...
nature.com
Seven feel-good science stories to restore your faith in 2025
Immense progress in gene-editing, drug discovery and conservation are just some of the reasons to be cheerful about 2025.
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News Eye @newseye.bsky.social · 11/12/2025
NEW: Five years of social media history is only a fraction of what the US Government will shortly demand of overseas visitors. The full requirements will end tourism in the United States. Below is the full, mind-blowing list. 🚨THEY. WANT. YOUR. DNA.🚨 1/
- All social media accounts from the last 5 years
- All your biometrics: face, fingerprint, DNA, and iris
- All your phone numbers from the last 5 years
- All your email addresses from the last 10 years
- IP addresses and metadata from your submitted photos
- Names of your family members (parents, spouse, siblings, children)
- All your family members' phone numbers from the last 5 years
- Your family members' dates of birth
- Your family members' places of birth
- Your family members' residencies
- All your business phone numbers from the last 5 years
- All your business email addresses from the last 10 years
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Hélène Rey @helene-rey.bsky.social · 11/12/2025
The English version is here; cepr.org/voxeu/column...
cepr.org
European defence governance and financing
In a context of shifting US commitments, external threats, and global competition over trade, technology, critical minerals, talent, and intellectual property, Europe’s lack of defence capabilities leaves it vulnerable to economic and foreign policy pressure. This column outlines key principles for establishing a European Future of Defence Architecture and a framework for its financing.
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Hélène Rey @helene-rey.bsky.social · 11/12/2025
Even more important after the US security strategy document. Our proposal for the future of European defense with @schularick.bsky.social @kiel.institute @voxeu.org and Philipp Hildebrand now in the Frankfurter Allgemeine Zeitung: www.faz.net/aktuell/wirt...
faz.net
Wie Europa die USA ersetzen kann
Jetzt oder nie: Europa muss endlich selbst für seine Verteidigungsfähigkeit sorgen. Dafür braucht es vor allem zwei Maßnahmen.
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Centre for Economic Policy Research @cepr.org · 06/12/2025
The panel featured: • Takeo Hoshi (University of Tokyo) • Signe Krogstrup (@nationalbanken.dk and CEPR) • Philip Lane (@ecb.europa.eu and CEPR) • @helene-rey.bsky.social (London Business School and CEPR) Chaired by: Olivier Garnier (@banquedefrance-off.bsky.social) #EconSky
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Centre for Economic Policy Research @cepr.org · 06/12/2025
The first panel of day 1 covered three main topics: differences and similarities b/w the past & current global imbalances, w/ specific discussion of Japan’s experience in the 1980s, whether imbalances are a cause for concern, & what the implications are for the monetary system & the role of the $.
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Phillips OBrien @phillipspobrien.bsky.social · 05/12/2025
The Trump administration released its latest National Security Strategy--and one thing that can be said is that there is no more pretending. It’s a plan to weaken European unity, to make Europe MAGA, to force Europe to take economic dictation by the USA…. open.substack.com/pub/phillips...
open.substack.com
The New US National Security Strategy
Trump Says Openly That the US Wants to Dominate Europe and Make it MAGA
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Agence France-Presse @afp.com · 02/12/2025
🇫🇷 Le Français Thibault Gonzales a été sacré champion du monde de pâté-croûte lundi soir à Lyon, un titre que les chefs japonais défendent farouchement depuis plusieurs années.
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Hélène Rey @helene-rey.bsky.social · 01/12/2025
@martinsandbu.ft.com (generously) discussing our plan with Moritz Schularick and Philipp Hildebrand for joint financing of next generation defence capabilities (and their spillovers). @kiel.institute @voxeu.org @cepr.org
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Hélène Rey @helene-rey.bsky.social · 28/11/2025
Vielen Dank! Amazing ceremony full of energy. A wonderful honour.
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PubAffairs EU Debates, News & Opinions 🇪🇺 @pubaffairsbruxelles.eu · 26/11/2025
[Opinion] #EUDefense: "If #Europe fails to act, the very survival of the #European project and its core values would be at risk“, by Philipp Hildebrand, @helene-rey.bsky.social & @schularick.bsky.social | Le Monde
 www.lemonde.fr/en/opinion/a...
lemonde.fr
Defense: 'If Europe fails to act, the very survival of the European project and its core values would be at risk'
OP-ED. Economists Hélène Rey and Moritz Schularick, along with Philipp Hildebrand, vice president of the investment fund BlackRock, call for the creation of a new European framework for future defense...
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Hélène Rey @helene-rey.bsky.social · 26/11/2025
@kiel.institute @schularick.bsky.social @sophiepedder.bsky.social For Europe to gain relevance in international negotiations ( Ukraine, trade, democracy…)
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Hélène Rey @helene-rey.bsky.social · 26/11/2025
www.lemonde.fr/idees/articl... Une architecture européenne pour la défense du futur un cadre à la fois technologique, industriel et financier afin d’atteindre une autonomie stratégique et de favoriser l’intégration des marchés financiers européens. @voxeu.org @cepr.org @sylviekauffmann.bsky.social
lemonde.fr
Défense de l’Europe : « A terme, c’est la survie même du projet européen et de ses valeurs fondamentales qui sera menacée »
TRIBUNE. Les économistes Hélène Rey et Moritz Schularick et le vice-président du fonds d’investissement BlackRock Philipp Hildebrand proposent, dans une tribune au « Monde », la création d’une nouvell...
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Hélène Rey @helene-rey.bsky.social · 23/11/2025
European defence governance and financing. Because Europe cannot be blackmailed any longer. If not now then when? @voxeu.org @cepr.org @kiel.institute cepr.org/voxeu/column...
cepr.org
European defence governance and financing
In a context of shifting US commitments, external threats, and global competition over trade, technology, critical minerals, talent, and intellectual property, Europe’s lack of defence capabilities leaves it vulnerable to economic and foreign policy pressure. This column outlines key principles for establishing a European Future of Defence Architecture and a framework for its financing.
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Agathe Demarais @agathedemarais.com · 21/11/2025
From the US-Russia plan for Ukraine - US firms would get US$100bn in cash from Russia's frozen central bank reserves to invest in Ukraine's reconstruction, with the US (government) ultimately receiving 50% of the profits (US claims over Russia's frozen reserves amount to only US$5bn)
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Hélène Rey @helene-rey.bsky.social · 17/11/2025
The scramble for Europe is just beginning Europe’s weakness on security had negated its potential strength on trade. One form of frailty had led to another. on.ft.com/4oDf4Tk
on.ft.com
The scramble for Europe is just beginning
As the EU struggles to defend its interests, outside powers play divide and rule
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Hélène Rey @helene-rey.bsky.social · 15/11/2025
podcasts.apple.com/gb/podcast/a... Discussion between Olivier Blanchard, Eric Monnet and me. Thank you Christine Ockrent and France culture. @franceculture.fr @cepr.org
podcasts.apple.com
Dollar, Euro, Yuan et cryptomonnaies : le nouveau paysage monétaire
Podcast Episode · Affaires étrangères · 15/11/2025 · 59m
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Hélène Rey @helene-rey.bsky.social · 10/11/2025
The EU, Nobel Peace Prize, must now invest in its defence.
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Hélène Rey @helene-rey.bsky.social · 10/11/2025
lesechos.fr/idees-debats... via @LesEchos
lesechos.fr
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Economics. For Society. @ubscenter.uzh.ch · 06/11/2025
@cepr.org Vice-President @helene-rey.bsky.social of London Business School will discuss at #UBSCenterForum whether current trade tensions signal temporary disruption or lasting fragmentation. www.ubscenter.uzh.ch/en/news_even... #EconomicsForSociety #UZH #shareUBS @econ.uzh.ch
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VoxEU @ CEPR @voxeu.org · 07/11/2025
K Aoki, A Auerbach, C Yuji Horioka, A Kashyap, T Watanabe, & D Weinstein discuss the legacy of Takatoshi Ito. His work is notable for challenging the perception that standard economic analysis is somehow ill-suited for understanding the Japanese economy. cepr.org/voxeu/column... #EconSky
Takatoshi Ito, who passed away in September 2025, was a leading scholar of macroeconomics and international finance. This column, written by a group of friends and colleagues, outlines his many contributions in a lifetime of research, teaching, and policymaking in Japan, the US, and around the world. His work is particularly notable for challenging the widespread perception that standard economic analysis is somehow ill-suited for understanding the Japanese economy. Indeed, using the discipline’s rigorous tools, he illuminated challenges that Japan faced earlier and more acutely than other countries – including population decline and ageing, ballooning government debt, the zero lower bound and unconventional monetary policies, real estate bubbles and their collapse, and the banking sector’s problem of non-performing loans.
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Hélène Rey @helene-rey.bsky.social · 07/11/2025
www.youtube.com/watch?v=UlYO...
youtube.com
Policy panel: A World in Transition: Are We Ready to Adapt? - 26th Annual Research Conference
YouTube video by IMF
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EUwatch 🇪🇺 @euwatch.live · 31/10/2025
Les revenus crypto perçus par Trump ont dépassé les 800 millions de dollars au premier semestre
legrandcontinent.eu
Les revenus crypto de Trump ont dépassé 800 millions de dollars
La Trump Organization aurait perçu plus de 800 millions de dollars de revenus générés par ses activités crypto au cours des six premiers mois de l’année, contre moins de 600 000 dollars durant la même période l’an dernier. Depuis son retour au pouvoir, Trump a pris plusieurs mesures en faveur des crypto-actifs, y compris en accordant des grâces présidentielles à des dirigeants du secteur et en ordonnant à la SEC de suspendre ses enquêtes.
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Hetan Shah @hetanshah.bsky.social · 24/10/2025
The Washington Consensus is now largely discredited. Researchers including Tim Besley, @helene-rey.bsky.social, @drodrik.bsky.social and others have published a book on what economists have learned since then. (Although I’d have given it a different title) www.waterstones.com/book/the-lon...
waterstones.com
The London Consensus by Tim Besley, Irene Bucelli | Waterstones
Buy The London Consensus by Tim Besley, Irene Bucelli from Waterstones today! Click and Collect from your local Waterstones or get FREE UK delivery on orders over £25.
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EEA @eeanews.bsky.social · 24/09/2025
#EEA2025 the recordings of @helene-rey.bsky.social Presidential Address, Ekaterina Zhuravskaya's Marshall Lecture & @ygorodnichenko.bsky.social Schumpeter Lecture are now available here: studio.youtube.com/playlist/PLe...
studio.youtube.com
YouTube
Share your videos with friends, family, and the world.
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Rob Fleming @robjimfleming.bsky.social · 20/09/2025
Fascinating data. There are three things here that really matter to people, and they think matter to everyone: Healthcare Economy Prices There is ONE thing that they assume matters to everyone, because it dominates so much of the narrative, but it is NOT affecting them personally: Immigration
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Hélène Rey @helene-rey.bsky.social · 20/09/2025
on.ft.com/3IxMjYm And this applies to cryptos as well…
on.ft.com
Investor Jean-Philippe Bouchaud: ‘The whole bull run is because of an influx of money’
The physicist and hedge fund manager on why the efficient markets theory is ‘all wrong’, economists with ‘mathematics envy’ — and what Camus can teach us about compromise
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Hélène Rey @helene-rey.bsky.social · 07/09/2025
My thoughts on the effect of stable coins on internationalisation of currencies, financial stability and public finances. www.imf.org/en/Publicati...
imf.org
Stablecoins, Tokens, and Global Dominance
Technology is reshaping capital flows and currency dominance; data integrity is essential for financial stability
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Bordeaux Sciences Economiques / Bordeaux School of Economics @bsebordeaux.bsky.social · 29/08/2025
🔔 End of EEA 2025 Congress 🙏 Thank you @eeanews.bsky.social @helene-rey.bsky.social 👍 All the participants and keynote speakers for their presence and contributions 🙌 BSE team, UB event 🤝 Nos tutelles @univbordeaux.bsky.social @cnrsaquitaine.bsky.social @inrae-france.bsky.social #EEA2025
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