Inflation Expectations: Determinants and Consequences
Organized by Francesco D’Acunto, Michael Weber, and Jing Cynthia Wu
May 19, 2022
on Zoom.us
Thursday, May 19
9:50 am
Welcome remarks
9:59 am
Session 1: Policy with Subjective Expectations
10:00 am

Monetary Policy & Anchored Expectations - An Endogenous Gain Learning Model

Laura V. Gati, European Central Bank

Discussant:
Karthik Sastry, Princeton University and NBER
10:40 am

Anchoring Long-run Inflation Expectations in a Panel of Professional Forecasters

Jonas Fisher, Federal Reserve Bank of Chicago
Leonardo Melosi, European University Institute
Sebastian Rast, De Nederlandsche Bank

Discussant:
Arunima Sinha, Morgan Stanley
11:20 am

Business Cycles when Consumers Learn by Shopping

Angelo Gutierrez-Daza, Banco de Mexico

Discussant:
Luigi Paciello, Einaudi Institute for Economics and Finance
12:00 pm
Break
12:15 pm
Keynote Speech: Ben Bernanke
1:00 pm
Break
1:14 pm
Session 2: Households' Expectations
1:15 pm

Why Do We Think That Inflation Expectations Matter for Inflation? (And Should We?)

Jeremy Rudd, Federal Reserve Board of Governors

Discussant:
Yuriy Gorodnichenko, University of California, Berkeley and NBER
1:55 pm

Narratives about the Macroeconomy

Peter Andre, Goethe University Frankfurt
Ingar K. Haaland, Norwegian School of Economics
Christopher Roth, University of Cologne
Johannes Wohlfart, University of Cologne

Discussant:
Rupal Kamdar, Indiana University
2:35 pm
Break
2:49 pm
Session 3: Firms' Expectations
2:50 pm

Inflation Expectations and the Supply Chain (slides)

Elias Albagli, Central Bank of Chile
Francesco Grigoli, International Monetary Fund
Emiliano E. Luttini, The World Bank

Discussant:
Carolin Pflueger, University of Chicago and NBER
3:30 pm

Firms' Inflation Expectations: New Evidence from France

Frédérique Savignac, Banque de France
Erwan Gautier, Banque de France
Yuriy Gorodnichenko, University of California, Berkeley and NBER
Olivier Coibion, University of Texas at Austin and NBER

Discussant:
Luba Petersen, Simon Fraser University and NBER
4:10 pm
Adjourn