Inflation: Frontiers of Research and Policy
Organized by Laurence M. Ball and Yuriy Gorodnichenko
Supported by the Smith Richardson Foundation
March 12-13, 2026
Royal Sonesta Hotel, Edwin H. Land Blvd., Cambridge, MA
Format: 25 minutes for authors, 20 minutes for discussants and 15 minutes for open discussion

Thursday, March 12

12:00pm

Lunch

1:00pm

The Price Impact of Canadian Retaliatory Tariffs

Alberto Cavallo, Harvard University and NBER
Olena Kostyshyna, Bank of Canada
Oleksiy Kryvtsov, Bank of Canada
Matias Vieyra, Bank of Canada

Discussant:
Kunal Sangani, Northwestern University

2:00pm

Price-Setting, Expectations and Tariffs

Philippe Andrade, Federal Reserve Bank of Boston
Alexander Dietrich, Danish National Bank
John C. Leer, Morning Consult
Raphael Schoenle, Brandeis University
Jenny Tang, Federal Reserve Bank of Boston
Egon Zakrajšek, Federal Reserve Bank of Boston

Discussant:
Javier Cravino, University of Michigan and NBER

3:00pm

Break

3:30pm

Inflation, Households, and Central Banks: A Tale of Two Worlds

Francesco D’Acunto, Georgetown University
Michael Weber, Purdue University and NBER

Discussant:
Lena Draeger, Kiel Institute for the World Economy

4:30pm

Seemingly Anchored Inflation Expectations

Stefan Nagel, University of Chicago and NBER
Ulrike Malmendier, University of California, Berkeley and NBER

Discussant:
Ina Hajdini, Federal Reserve Bank of Cleveland

6:00pm

Dinner

Friday, March 13

8:00am

Breakfast

8:30am

Inflation in Food at Home: Early Results from the RESET Demonstration Project

Steve Coffey, Circana
Gabriel Ehrlich, University of Michigan
John C. Haltiwanger, University of Maryland, College Park and NBER
David Johnson, Georgetown University
Tod Johnson, Circana
Matthew D. Shapiro, University of Michigan and NBER

Discussant:
Daniel Villar Vallenas, Federal Reserve Board of Governors

9:30am

What is Core Inflation

Jonathan H. Wright, Johns Hopkins University and NBER

Discussant:
Randal Verbrugge, Federal Reserve Bank of Cleveland

10:30am

Break

11:00am

On the Political Economy of Inflation and Real Wages: Inflation and Pocketbook Voting in US Elections

Francesco Trebbi, University of California, Berkeley and NBER
Juan Felipe Riano, Georgetown University

Discussant:
Stefanie Stantcheva, Harvard University and NBER

12:00pm

Decomposing Shifts in the Beveridge Curve: Implications for Labor Market Dynamics and Inflation

Katharine G. Abraham, University of Maryland, College Park and NBER
John C. Haltiwanger, University of Maryland, College Park and NBER
Lea Rendell, Kenyon College

Discussant:
Bart Hobijn, Federal Reserve Bank of Chicago

1:00pm

Lunch

2:00pm

Beyond Costs: The Dominant Role of Strategic Complementarities in Pricing

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

Discussant:
Virgiliu Midrigan, New York University and NBER

3:00pm

Price Dispersion and Inflation: New Cross-sectoral and International Evidence

Santiago Alvarez-Blaser, Harvard University

Discussant:
Viacheslav Sheremirov, Federal Reserve Bank of Boston

4:00pm

Adjourn