U.S. Economy
How a pivot on US tariffs could deliver a better outcome on trade
The Brookings Papers on Economic Activity (BPEA) is a semi-annual academic conference and journal that pairs rigorous research with real-time policy analysis to address urgent economic challenges of the day. The Spring 2025 BPEA Conference was held March 27-28, 2025 by the Brookings Economic Studies program. The conference proceedings were livestreamed and the recordings available below for anyone who wishes to observe the vanguard of economic thought around global economic issues.
Download the conference agenda here»
Submit a proposal to present at a future BPEA conference here»
The Fall 2025 conference will be held September 25-26, 2025.
Agenda
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March 27
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DAY ONE: Thursday, March 27
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Taming Cycles: China’s Growth Targets and Macroeconomic Management
1:00 pm - 2:15 pm
Authors
Wei Xiong Professor of Economics - Princeton University
Jeffery (Jinfan) Chang Associate Professor of Finance - Chinese University of Hong Kong, Shenzhen
Yuheng Wang Ph.D. candidate - Chinese University of Hong Kong, ShenzhenDiscussants
Kenneth Rogoff Thomas D. Cabot Professor of Public Policy and Professor of Economics - Harvard University, Former Brookings Expert
David Yang Professor - Harvard University -
Should I Stay or Should I Go? The Response of Labor Migration to Economic Shocks
2:30 pm - 3:45 pm
Authors
Andrea Foschi Research Fellow - Bank of Italy
Christopher L. House Professor of Economics and Director of Graduate Studies - University of Michigan
Christian Proebsting Associate Professor of Economics - KU Leuven
Linda L. Tesar Alan V. Deardorff Collegiate Professor of Economics - University of MichiganDiscussants
Brian Kovak Professor of Economics and Public Policy - Carnegie Mellon University
Abigail Wozniak Vice President and Director, Opportunity & Inclusive Growth Institute - Federal Reserve Bank of Minneapolis @AbigailWozniak -
The U.S. Trade Deficit: Myths and Realities
4:00 pm - 5:15 pm
Authors
Maurice Obstfeld Senior Fellow - Peterson Institute for International EconomicsDiscussants
Brent Neiman Professor of Economics - University of Chicago Booth School of Business
Fabrizio Perri Assistant Director and Monetary Advisor - Federal Reserve Bank of Minneapolis -
DAY TWO: Friday, March 28
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March 28
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Treasury Market Dysfunction and the Role of the Central Bank
9:00 am - 10:15 am
Authors
Anil Kashyap Stevens Distinguished Service Professor of Economics and Finance - University of Chicago Booth School of Business
Jeremy C. Stein Moise Y. Safra Professor of Economics - Harvard University
Jonathan L. Wallen Assistant Professor of Finance - Harvard Business School
Joshua Younger Lecturer in Law - Columbia UniversityDiscussants
Hyun Song Shin Economic Adviser & Head of Research - Bank for International Settlements @HyunSongShin
Annette Vissing-Jorgensen Senior Adviser - Federal Reserve Board -
Recovering from COVID
10:30 am - 11:45 am
Authors
Mark W. Watson Howard Harrison and Gabrielle Snyder Beck Professor of Economics and Public Affairs - Princeton UniversityDiscussants
Mark Gertler Henry and Lucy Moses Professor of Economics - New York University
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America’s Housing Affordability Crisis and the Decline of Housing Supply
12:00 pm - 1:15 pm
Authors
Edward Glaeser Fred and Eleanor Glimp Professor of Economics - Harvard University
Joseph Gyourko Nancy A. Nasher and David Haemisegger Director of the Zell/Lurie Real Estate Center - University of Pennsylvania The Wharton SchoolDiscussants
Nathaniel Baum-Snow Professor of Economic Analysis and Policy - University of Toronto
Raven Molloy Deputy Associate Director - Federal Reserve Board
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