Inflation: Drivers & Dynamics Conference 2018
Day One — Thursday, May 17, 2018 |
|
|---|---|
| 8:00 – 8:30 am | Registration and Continental Breakfast |
| 8:30 – 8:45 am | Welcome and Opening Remarks Ellis Tallman, Executive Vice President and Director of Research |
Session IChair: Todd Clark, Federal Reserve Bank of Cleveland |
|
| 8:45 – 9:45 am | Anchoring Inflation Expectations in Unconventional Times: Micro Evidence for the Euro Area Jonas Dovern, Heidelberg University Geoff Kenny, European Central Bank, paper Discussant: Robert Rich, Federal Reserve Bank of New York, discussion |
| 9:45 – 10:45 am | Adaptive Learning and Survey Expectations of Inflation Sergey Slobodyan, National Research University Higher School of Economics Raf Wouters, National Bank of Belgium, paper Discussant: Olivier Coibion, University of Texas, discussion |
| 10:45 – 11:00 am | Refreshment Break |
| 11:00 am – 12:00 pm | Salient Price Changes, Inflation Expectations, and Household Behavior Francesco D’Acunto, University of Maryland Ulrike Malmendier, University of California at Berkeley Juan Ospina, University of Chicago Michael Weber, University of Chicago Booth School, paper Discussant: Rüdiger Bachmann, University of Notre Dame, discussion |
| 12:00 – 1:00 pm | Lunch |
Session IIChair: Edward S. Knotek II, Federal Reserve Bank of Cleveland |
|
| 1:00 – 2:00 pm | Optimal Trend Inflation Klaus Adam, University of Mannheim, paper Henning Weber, Deutsche Bundesbank Discussant: Guido Ascari, University of Oxford, discussion |
| 2:00 – 3:00 pm | The Optimal Inflation Target and the Natural Rate of Interest Philippe Andrade, Banque de France, paper Jordi Galí, Universitat Pompeu Fabra Hervé Le Bihan, Banque de France Julien Matheron, Banque de France Discussant: Argia Sbordone, Federal Reserve Bank of New York, discussion |
| 3:00 – 3:15 pm | Refreshment Break |
| 3:15 – 4:15 pm | Learning to Live in a Liquidity Trap Jasmina Arifovic, Simon Fraser University Stephanie Schmitt-Grohé, Columbia University, paper Martín Uribe, Columbia University Discussant: Bruce McGough, University of Oregon, discussion |
| 4:15 – 5:15 pm | Should Central Banks Target Investment Prices? Susanto Basu, Boston College, paper Pierre De Leo, Boston College Discussant: Christopher House, University of Michigan, discussion |
| 5:30 - 6:30 pm | Reception and Poster Session Does Communicating a Numerical Inflation Target Anchor Inflation Expectations? Evidence & Bond Market Implications Brent Bundick, Federal Reserve Bank of Kansas City A. Lee Smith, Federal Reserve Bank of Kansas City, paper Expectation Formation Following Large Unexpected Shocks Scott R. Baker, Northwestern University Tucker S. McElroy, U.S. Census Bureau Xuguang (Simon) Sheng, American University, paper Inflation Expectations and Choices of Households Nathanael Vellekoop, Goethe University, paper Mirko Wiederholt, Goethe University Price Dynamics and the Financing Structure of Firms in Emerging Economies Alan Finkelstein Shapiro, Tufts University Andrés González Gómez, Banco de la República Victoria Nuguer, Inter-American Development Bank, paper Jessica Roldán-Peña, Banco de México Sluggish Inflation Forecasts Monica Jain, Bank of Canada, paper Trust in the Central Bank and Inflation Expectations Dimitris Christelis, University of Naples Federico II Dimitris Georgarakos, European Central Bank Tullio Jappelli, University of Naples Federico II Maarten van Rooij, De Nederlandsche Bank, paper |
| 6:45 pm | Dinner Introduction of Dinner Speaker Ellis Tallman, Executive Vice President and Director of Research Keynote dinner speaker: Fernando Alvarez, University of Chicago, dinner remarks |
Day Two — Friday, May 18, 2018 |
|
|---|---|
| 8:15 – 8:45 am | Continental Breakfast |
Session IIIChair: Todd Clark, Federal Reserve Bank of Cleveland |
|
| 8:45 – 9:45 am | Strategic Inattention, Inflation Dynamics and the Non-Neutrality of Money Hassan Afrouzi, Columbia University, paper Discussant: Raphael Schoenle, Brandeis University, discussion |
| 9:45 – 10:45 am | Shocks vs Menu Costs: Patterns of Price Rigidity in an Estimated Multi-Sector Menu-Cost Model Erwan Gautier, Banque de France, paper Hervé Le Bihan, Banque de France Discussant: Benjamin Malin, Federal Reserve Bank of Minneapolis, discussion |
| 10:45 – 11:00 am | Refreshment Break |
| 11:00 – 12:00 am | Financial Shocks and Inflation Dynamics Angela Abbate, Swiss National Bank, paper Sandra Eickmeier, Deutsche Bundesbank Esteban Prieto, Deutsche Bundesbank Discussant: Dario Caldara, Federal Reserve Board of Governors, discussion |
| 12:00 – 1:00 pm | Lunch |
Session IVChair: Edward S. Knotek II, Federal Reserve Bank of Cleveland |
|
| 1:00-2:00 pm | An Inflation-Predicting Measure of the Output Gap in the Euro Area Marek Jarociński, European Central Bank Michele Lenza, European Central Bank, paper Discussant: Francesco Furlanetto, Norges Bank, discussion |
| 2:00-3:00 pm | Macroeconomic Implications of Oil Price Fluctuations: a Regime-Switching Framework for the Euro Area Fédéric Holm-Hadulla, European Central Bank Kirstin Hubrich, Federal Reserve Board of Governors, paper Discussant: Christiane Baumeister, University of Notre Dame, discussion |
