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Featured Podcast
Episode 1: Mark Carney on Inflation, Systemic Risks, and Climate Change
The latest episode of 30/30 Vision is now LIVE! Subscribe today so you'll never miss an episode. Listen now »
Featured Video
G30 International Banking Seminar 2022
The G30 was pleased to host its premiere annual event, the International Banking Seminar, on Saturday, October 15.
Recent Publications
U.S. Treasury Markets: Steps Toward Increased Resilience Status Update 2022
2022 — The Status Update report summarizes what has been accomplished and what remains undone with respect to the issues addressed by the 2021 G30 recommendations. Learn more »
Economic Policy Lessons from Covid-19: The Big Picture
2022 — This occasional paper examines institutional responses to the pandemic caused economic crisis, priorities that should have had precedence, and lessons learned for policy makers moving forward. Learn more »
Member News
Crisis and Monetary Policy
March 20, 2023 — Gita Gopinath, First Deputy Managing Director at the International Monetary Fund, argues the global inflation surge brought on by the pandemic and Russia’s invasion of Ukraine has created new challenges for international central banks. With surprising speed, the pandemic has underscored how supply shocks can have broad, persistent inflationary effects, suggesting that central banks should react more forcefully under certain conditions. She asserts that economists need to understand why they missed the inflation surge and how monetary policy may change going forward. Some crisis effects, such as high inflation, supply chain disruptions, and more significant trade barriers, may persist much longer or intensify, challenging macroeconomic stability worldwide, especially in emerging markets. Policymakers may have to be more attuned to the potential downsides and be careful with overdoing stimulus.