Helene Rey
Lord Bagri Professor of Economics; Professor of Economics
MSc (Stanford) PhD (EHESS, Paris) PhD (London)
Hélène Rey is the Lord Bagri Professor of Economics at London Business School. Her research focuses on the determinants and consequences of external trade and financial imbalances, the theory and empirics of financial crises, the exorbitant privilege and the organisation of the international monetary system. She has made significant contributions to understanding how countries' gross external asset positions help predict current account adjustments and exchange rates, introduced the concept of Global Financial Cycles, and qualified the Mundellian Trilemma. She teaches across London Business School's portfolio and is deeply committed to developing the next generation of economists and business leaders. Her pedagogical approach integrates cutting-edge research with practical applications to contemporary economic challenges, engaging students in rigorous analysis of global financial systems and policy frameworks.
She received her undergraduate degree from ENSAE and a Master in Engineering Economic Systems from Stanford University, followed by PhDs from the London School of Economics and the École des Hautes Études en Sciences Sociales in Paris. She was elected President of the European Economic Association in 2022 and holds numerous prestigious fellowships and advisory positions, including membership in the Group of Thirty and the external advisory group to the Managing Director of the IMF.
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Academic and professional experience
Chair of the working group on Global Imbalances for the G7 Presidency (2025–2026)
Lord Bagri Professor of Economics, London Business School (2016–)
Professor of Economics, London Business School (2007–2016)
Assistant Professor of Economics and International Affairs, Princeton University (2000–2006)
Lecturer, London School of Economics and Political Science (1997–2000)
Vice President Centre for Economic Policy Research (2020–)
Member of the external advisory council to the Managing Director of the International Monetary Fund (2020–)
Member of the Group of Thirty (2019–)
Member of the Board of the Haut Conseil de Stabilité Financière (French Macroprudential Authority) (2014–2024)
Member of the High-Level Group on post Covid Economic and Social Challenges (advisory to EU Commissioner Economics) (2021–2022)
Member of the Commission sur l'Avenir des Finances Publiques (advisory to the French Prime Minister) (2021)
Member of the Commission Économique de la Nation (non-partisan Council of Economic Advisors to the French Prime Minister) (2012–2016)
Member of the Board of the Autorité de Contrôle Prudentiel et de Résolution (French Microprudential Authority); Founding Chair of the scientific committee of the ACPR (2010–2014)
Member of the Conseil d'Analyse Économique (non-partisan Council of Economic Advisors to the French Prime Minister) (2010–2012)
Professor of Economics and International Affairs, Economics Department and Woodrow Wilson School, Princeton University (2006–2007)
Member of the Bellagio Group (2006–)
Research Associate, National Bureau of Economic Research (2001–)
Research Fellow, Centre for Economic Policy Research (1999–)
Awards and honours
Dr. h.c. University of Basel (2025)[ZS1] [EB2] [ZS3]
President of the European Economic Association (2025)
Bernhard Harms Prize, Kiel Institute for the World Economy (2024)
Senior Prize Banque de France and Toulouse School of Economics (2024)
Chevalier Ordre National du Mérite (2024)
Adam Smith Award, National Association of Business Economics (2023)
Asian Bureau of Economic Research Fellow (2022)
Distinguished Fellow of the Macro-Finance Society (2022)
Prix Turgot (Grand prix d'honneur) (2020)
Foreign Honorary Member of the American Economic Association (2020)
Elected Council and Executive Committee Member, Econometric Society (2019–2023)
Foreign correspondent of the Académie des Sciences Morales et Politiques (2018–)
Prix Maurice Allais (2017)
O.B.E. for services to economics (2016)
Elected Foreign Member of the American Academy of Arts and Sciences (2016)
Teaching portfolio
Our teaching offering is updated annually. Faculty and programme material are subject to change.