December 15, 2025 - December 16, 2025
Rome, Italy
Trade, Value Chains, and Financial Linkages in the Global Economy
The Bank of Italy, the European Central Bank, and the World Bank organized the fourth edition of the conference “Trade, Value Chains, and Financial Linkages in the Global Economy” to bring together leading world scholars from both academia and policy institutions to take stock of recent developments in international trade, value chains, financial linkages and their macroeconomic implications.
Theoretical, empirical, and methodological research presented at the conference focused on trade, industrial, and climate policies, and firms' strategic responses; the reconfiguration of global value chains and competitive strategies, including pricing strategies; the role of multinational corporations in value chains; the financing of international trade and supply chains; transportation and logistics costs, and the role of trade routes in international trade; digital trade and international data flows.
Sergio Nicoletti Altimari, Deputy Governor of Banca d'Italia, delivered the welcome address, and the keynote lectures were held by Meredith Crowley (Cambridge University) and Alberto Cavallo (Harvard Business School).
The Scientific Committee is composed by: Maria Grazia Attinasi (European Central Bank), Alessandro Borin (Banca d'Italia), Claire Giordano (Banca d'Italia), Michele Mancini (Banca d'Italia) and Daria Taglioni (World Bank).
The program is available below. For information please contact trade.workshop@bancaditalia.it.
Submissions: We invite submissions of empirical, methodological and theoretical contributions, with emphasis on the policy-relevant topics:
- Policies & Rules (e.g. tariffs/NTMs, industrial policy, sanctions/export controls, carbon borders)
- Firms, Prices & Networks (e.g. pass through, markups, productivity, automation, MNEs, linkages)
- Finance, Payments & Macro (e.g. Trade/supply-chain finance, cross border payments and payment rails/CBDCs, capital flows and FDI, FX, global imbalances)
- Trade Costs, Transport & Logistics (e.g. shipping, routes and corridors, chokepoints, ports/customs, insurance/risk premia, logistics digitalization)
- Digital, Services & Data (e.g. data flows, standards, AI and services tradability)
- Energy, Environment & Critical Materials (e.g. renewables, minerals, climate shocks)
Methods and data innovations are welcome within any track (e.g., network models, identification under policy shocks, administrative microdata, shipping and payments datasets, ML for causal inference, survey/field experiments, and open replication packages). Submissions focused on low and middle-income countries or authored by researchers based on these regions are strongly encouraged.
Only completed papers submitted to trade.workshop@bancaditalia.it by the deadline of October 27, 2025, will be considered. The acceptance of the papers will be notified no later than November 14, 2025.
A limited number of travel or accommodation grants may be available; priority will be given to early-career researchers and participants from low-income countries within the constraints of our budget.
See and download the full agenda here.
