Current Composition of the Bellagio Group Academic Members Alan Blinder, Princeton University Markus Brunnermeier, Princeton University Paul De Grauwe, Catholic University of Louvain Michael Devereux, University of British Columbia Barry Eichengreen, University of California, Berkeley Kristin J. Forbes, MIT Jeffrey Frankel, Harvard University Mitsuhiro Fukao, Keio University Márcio G. P. Garcia, Pontifical Catholic University Francesco Giavazzi, Bocconi University Pierre-Oliver Gourinchas, University of California Berkeley Dr. Fan He, Institute of World Economics and Politics Takatoshi Ito, Columbia University Richard Portes, London Business School Dr. Adam Posen, Peterson Institute for International Economics Helene Rey, London Business School Philipp Schnabl, New York University Lars Svensson, Stockholm School of Economics Jürgen von Hagen, University of Bonn Dr. Beatrice Weder di Mauro, INSEAD Asia Campus Charles Wyplosz, University of Geneva

Official Members Mr. Yoshiki Takeuchi, Ministry of Finance, Japan Dr. Tjerk Kroes, De Nederlandsche Bank Dr. Fernanda Nechio, Banco Central Do Brasil Ms. Laurence Boone, OECD Mr. Claudio Borio, BIS Mr. Mark Bowman, HM Treasury, UK Ms. Lael Brainard, Board of Governors of the Federal Reserve System Mr. Ben Broadbent, Bank of England Ms. Claudia Buch, Deutsche Bundesbank Professor Martin Flodén, Sveriges Riksbank Mr. Michel Houdebine, French Ministry of Economy, Finance and Industry Mr. Olivier Garnier, Banque de France Mr. Yi Gang, People’s Bank of China Brent McIntosh, U.S. Department of the Treasury Mr. David Lipton, IMF Dr. Philip Lane, European Central Bank Mr. Alessandro Rivera, Italian Treasury Mr. Luigi Federic Signorini, Banca D’Italia Mr. Rob Stewart, Ministry of Finance, Canada Mr. Masazumi Wakatabe, Bank of Japan Mr. Jakob von Weizsacher, German Federal Ministry of Finance Ms. Carolyn A. Wilkins, Bank of Canada Mr. (Guillaume) Pierre Wunsch, National Bank of Belgium Mr. Fritz Zurbrügg, Swiss National Bank