Subjective Inflation Expectations and Decisions
With inflation breaching 10% in many advanced countries, policymakers, academics and the general public are particularly interested in how inflation comes about and how it affects the economy. This lecture focuses on the role of inflation expectations in this context and sheds light on how households and firms form inflation expectations as well as how they act on these expectations. The lecture draws some policy recommendations aiming to help control inflation.
Professor at the Department of Economics, University of California – Berkeley
Yuriy Gorodnichenko is an outstanding and prolific scholar whose research has influenced academics and policymakers around the world. He has worked on diverse and challenging macroeconomic topics related to monetary policy (its effects, optimal design, and inflation targeting), fiscal policy (countercyclical policy, government spending multipliers), taxation (tax evasion, inequality), economic growth (its long-run determinants, globalization, innovation, financial frictions), and business cycles. His work has been published in leading economics journals and cited in policy discussions and the media. His professional career includes various affiliations with prestigious research and policy institutions, such as the National Bureau of Economic Research, the Centre for Economic Policy Research, the European Central Bank, the European Investment Bank, and the Kiel Institute for the World Economy. He serves on many editorial boards, including the American Economic Review and , and leads the CEPR's Ukraine Initiative. He has received numerous honours and awards for his research. The includes Professor Gorodnichenko in the .
This lecture will be delivered online (Zoom) and in-person (by invitation only). A Zoom link will be circulated before the lecture.