Inflation in the COVID Era and Beyond

Laurence M. Ball and Yuriy Gorodnichenko, Organizers

May 16-17, 2024

Royal Sonesta Hotel, 40 Edwin H. Land Blvd., Cambridge, MA 02142

Conference Code of Conduct

Thursday, May 16
12:00 pm
Lunch, University BC Room
Meeting in Longfellow Room
1:00 pm
Welcome
1:15 pm

People's Understanding of Inflation (slides)
Discussant: Robert J. Shiller, Yale University and NBER
2:15 pm

Who Bears the Costs of Inflation? Euro Area Households and the 2021–22 Shock
Discussant: Klaus Adam, University of Mannheim
3:15 pm
Break
3:45 pm

Relative-Price Changes as Aggregate Supply Shocks Revisited: Theory and Evidence
Discussant: Raphael Schoenle, Brandeis University
4:45 pm

Phillips meets Beveridge (slides)
Discussant: Katharine G. Abraham, University of Maryland, College Park and NBER
5:45 pm
Adjourn
6:30 pm
Dinner, Bambara Restaurant, Hotel Marlowe, 25 Edwin H. Land Blvd, Cambridge
Friday, May 17
Meeting in Parkview Room
8:00 am
Breakfast
8:30 am

Price Discounts and Cheapflation During the Post-Pandemic Inflation Surge (slides)
Discussant: Joseph S. Vavra, University of Chicago and NBER
9:30 am

The Long and Variable Lags of Monetary Policy: Evidence from Disaggregated Price Indices (slides)
Discussant: Jonathan H. Wright, Johns Hopkins University and NBER
10:30 am
Break
11:00 am

Understanding the International Rise and Fall of Inflation Since 2020
Discussant: Susanto Basu, Boston College and NBER
12:00 pm
Lunch, Charles Room A
12:45 pm

Partisan Expectations and COVID-Era Inflation
Discussant: Giorgio Topa, Federal Reserve Bank of New York
1:45 pm

Lessons from History for Successful Disinflation
Discussant: Donald Kohn, The Brookings Institution
2:45 pm
Break
3:15 pm
Panel Discussion
Inflation: What We Have Learned, and What We Need to Know
Richard H. Clarida, Columbia University and NBER (Remarks)
N. Gregory Mankiw, Harvard University and NBER (Remarks)
Jan Hatzius, Goldman Sachs
4:30 pm
Closing Remarks & Adjourn