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Held in-person, July 6, 2023 The second part of Session 4 of the India Policy Forum (IPF) Conference, held during 6-7 July, 2023, featured the IPF Annual Lecture by Professor Hélène Rey, of London Business School, on “Monetary and Macroprudential Policies with Global Financial Cycles”. The session was chaired by Mr Suman Bery of NITI Aayog, while Dr Pravin Krishna of Johns Hopkins University delivered the welcome remarks. Professor Hélène Rey is the Lord Bagri Professor of Economics at London Business School. Formerly, she was a Professor of Economics at Princeton University. Her research focuses on external imbalances, monetary policy, and the financial sector, and the international monetary system. She introduced the idea of a global financial cycle and qualified the idea of the Mundellian Trilemma. She has received numerous prizes including the Bernácer Prize, the Yrjö Jahnsson Award, and the inaugural Birgit Grödal and Carl Menger Awards. She is a Fellow of the Econometric Society, a Foreign Member of the American Academy of Arts and Sciences, and a Foreign Honorary Member of the American Economic Association. She has just been elected President of the European Economic Association. To know more about the event, please visit https://www.ncaer.org/event/india-pol... For more information about NCAER and our work, please visit https://www.ncaer.org