Global Economy Lecture 2025

Europe’s Economic Outlook and Monetary Policy Space

The Global Economy Lecture 2025 which is jointly organized by the Oesterreichische Nationalbank (OeNB) and The Vienna Institute for International Economic Studies (wiiw).

Speaker
Silvana Tenreyro, FBA, CBE
Professor of Economics
London School of Economics and Political Science

Introduction
Martin Kocher
Governor of the Oesterreichische Nationalbank

Chair
Robert Stehrer
Scientific Director
The Vienna Institute for International Economic Studies (wiiw)

Silvana Tenreyro is professor at the London School of Economics, renowned for her work in macroeconomics, international economics, and monetary policy. She obtained her master and PhD in Economics from Harvard University, served on the Bank of England’s Monetary Policy Committee from 2017 to 2023, and was president of the European Economic Association from 2021 to 2022. She has also held positions at the Federal Reserve Bank of Boston and the Bank of Mauritius, and has received several prestigious honors, including the Yrjö Jahnsson Award, the Carl Menger Prize in Monetary Economics and the Excellence Award on Economic Affairs.

Abstract
Silvana will discuss the economic landscape in Europe, where it stands and where it might be heading to, focusing on some of the key challenges facing policy makers, including tariffs and borader geopolitical fragmentation, uncertainty and AI.
She will then weigh up on the monetary policy space available in the event of large recessionary shocks, zooming in on the effectiveness of negative interest rates. In doing so, she will bring together empirical findings, insights from the theoretical models, and real-life concerns of monetary policy makers about possible side effects on the baking system.

Date
Wednesday, November 5, 2025, 16.00 - 17.30 CET

Venue
Oesterreichische Nationalbank, Veranstaltungssaal
Otto-Wagner-Platz 3, 1090 Vienna
and online via Webex

Please register by October 29, 2025, at the latest.

Registration