Inflation Expectations: Determinants and Consequences

Francesco D’Acunto, Michael Weber, and Jing Cynthia Wu, Organizers

May 19, 2022


Conference Code of Conduct

Thursday, May 19
9:50 am
Welcome remarks
9:59 am
Session 1: Policy with Subjective Expectations
10:00 am
Laura V. Gati, European Central Bank

Monetary Policy & Anchored Expectations - An Endogenous Gain Learning Model
Discussant: Karthik Sastry, Princeton University and NBER
10:40 am
Jonas Fisher, Federal Reserve Bank of Chicago
Leonardo Melosi, University of Warwick
Sebastian Rast, De Nederlandsche Bank

Anchoring Long-run Inflation Expectations in a Panel of Professional Forecasters
Discussant: Arunima Sinha, Morgan Stanley
11:20 am
Angelo Gutierrez-Daza, Banco de Mexico

Business Cycles when Consumers Learn by Shopping
Discussant: Luigi Paciello, Einaudi Institute for Economics and Finance
12:00 pm
12:15 pm
Keynote Speech: Ben Bernanke
1:00 pm
1:14 pm
Session 2: Households' Expectations
1:15 pm
Jeremy Rudd, Federal Reserve Board

Why Do We Think That Inflation Expectations Matter for Inflation? (And Should We?)
Discussant: Yuriy Gorodnichenko, University of California, Berkeley and NBER
1:55 pm
Peter Andre, Leibniz Institute for Financial Research SAFE
Ingar K. Haaland, Norwegian School of Economics
Christopher Roth, University of Cologne
Johannes Wohlfart, University of Cologne

Narratives about the Macroeconomy
Discussant: Rupal Kamdar, Indiana University
2:35 pm
2:49 pm
Session 3: Firms' Expectations
2:50 pm
Elias Albagli, Central Bank of Chile
Francesco Grigoli, Georgetown University
Emiliano E. Luttini, World Bank

Inflation Expectations and the Supply Chain (slides)
Discussant: Carolin Pflueger, University of Chicago and NBER
3:30 pm
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

Firms' Inflation Expectations: New Evidence from France
Discussant: Luba Petersen, Simon Fraser University and NBER
4:10 pm