The 2023 Jackson Hole Symposium, Structural Changes in the Global Economy, explored several significant and potentially long-lasting developments affecting the global economy. While the immediate disruption of the pandemic is fading, there likely will be long-lasting aftereffects for how economies are structured, both domestically and globally, as trade networks shift, and global financial flows react.

The original papers from the symposium paper authors, discussants and panelists are listed in the agenda below. To access the entire book in finished book layout, view the PDF.

To learn more about the symposium's history, read In Late August.

See list of Symposium attendees.

Agenda

Day 1:

Opening Reception and Dinner

Day 2:

Friday Session

Betsey Stevenson
| Chair Professor, University of Michigan

Opening Remarks

Jerome Powell
| Keynote Chair, Board of Governors, Federal Reserve System
  • external Video Remarks
  • external Written Remarks

Has the Macroeconomic Environment Impacted Long-Run Shifts in the Economy?

Yueran Ma
| Author Associate Professor, University of Chicago
  • pdf Ma Paper
  • pdf Ma Handout
John Haltiwanger
| Discussant Professor, University of Mayland
  • pdf Haltiwanger Handout
  • pdf Haltiwanger Remarks

General Discussion

Structural Changes in Financial Markets and the Conduct of Monetary Policy

Darrell Duffie
| Author Professor, Stanford University
  • pdf Duffie Paper
  • pdf Duffie Handout
Jeremy Stein
| Discussant Professor, Harvard University
  • pdf Stein Remarks

General Discussion

Panel: Structural Constraints on Growth

Charles Jones
| Panelist Professor, Stanford University
  • pdf Jones Handout
  • pdf Jones Remarks
Nela Richardson
| Panelist Chief Economist, ADP Research Institute
  • pdf Richardson Handout
  • pdf Richardson Remarks
Chad Syverson
| Panelist Professor, University of Chicago
  • pdf Syverson Handout
  • pdf Syverson Remarks

General Discussion

Luncheon Address: European and Global Economy

Christine Lagarde
| Speaker President, European Central Bank
  • external Lagarde Remarks

Day 3:

Saturday Session

Christina D. Romer
| Chair Professor, University of California-Berkeley

Global Production Networks

Laura Alfaro
| Author Professor, Harvard University
  • pdf Alfaro Paper
  • pdf Alfaro Handout
Katheryn Russ
| Discussant Professor and Chair of Economics, University of California-Davis
  • pdf Russ Remarks

General Discussion

Global Financial Flows

Barry Eichengreen
| Author Professor, University of California-Berkeley
  • pdf Eichengreen Paper
Carmen Reinhart
| Discussant Professor, Harvard University

General Discussion

Panel: Globalization at an Inflection Point

Ben Broadbent
| Panelist Deputy Governor, Bank of England
  • pdf Broadbent Handout
  • external Broadbent Remarks
Ngozi Okonjo-Iweala
| Panelist Director General, World Trade Organization
  • pdf Okonjo-Iweala Handout
  • external Okonjo-Iweala Remarks
Kazuo Ueda
| Panelist Governor, Bank of Japan
  • pdf Ueda Handout
  • external Ueda Remarks

General Discussion