RIETI-CEPR Symposium

Two Speed Inflation: Implications for policy around the globe

Announcement

Inflation was on the forefront of the global policy debate over the past decade, first because it was too low then because it became, and continues to be, too high. Understanding how much of these swings were due to external factors and how much is due to policy, how inflation expectations have behaved, and the causes and consequences of differential inflation rates among advanced economies are of primary interest for policymakers and private sector decision makers alike. This meeting will bring together some of the most influential researchers from Europe and Japan to discuss these topics.

Information

  • Time and Date: 4:30 pm-6:30 pm (JST), Friday, March 10, 2023
  • Venue: Online
  • Language: English
  • Admission: Free
  • Hosts: Research Institute of Economy, Trade and Industry (RIETI) / Centre for Economic Policy Research (CEPR)
  • Contact: Ms. MARUTAKE, Conference Section, RIETI
    E-mail
    @
    *If the "Send by mailer" button does not work, please copy the address into your email "send to" field and connect the prefix and the suffix of the address with an "@", sending it normally.

Program

16:30-16:35 Opening Remarks

URATA Shujiro (Chairman, RIETI)

16:35-17:05 Session 1 "Monetary and Fiscal Policy with High Inflation"

Presentation

Tommaso MONACELLI (Professor of Economics, Bocconi University / Research Affiliate, CEPR)

Discussant

FUJIWARA Ippei (Faculty Fellow, RIETI / Research Fellow, CEPR / Professor, Faculty of Economics, Keio University / Professor, Australian National University)

Session Chair

Refet S. GURKAYNAK (Professor of Economics, Bilkent University / Research Fellow and Director of the Monetary Economic and Fluctuations Program, CEPR)

17:05-17:35 Session 2 "Firms' Inflation Expectations: Implications for US and Euro area"

Presentation

Ester FAIA (Professor, Goethe University Frankfurt / Fellow, CEPR)

Discussant

SUDO Nao (Director and Head of the Economic and Financial Studies Division, Institute for Monetary and Economic Studies, Bank of Japan)

Session Chair

FUJIWARA Ippei (Faculty Fellow, RIETI / Research Fellow, CEPR / Professor, Faculty of Economics, Keio University / Professor, Australian National University)

17:35-18:30 Session 3 Panel Discussion "Causes and Consequences of Diverging Inflation Rates"

Panel Discussion (Alphabetical order)

AOKI Kosuke (Professor, Faculty of Economics, University of Tokyo)

Ester FAIA (Professor, Goethe University Frankfurt / Fellow, CEPR)

SUDO Nao (Director and Head of the Economic and Financial Studies Division, Institute for Monetary and Economic Studies, Bank of Japan)

Session Chair

Refet S. GURKAYNAK (Professor of Economics, Bilkent University / Research Fellow and Director of the Monetary Economic and Fluctuations Program, CEPR)

Rapping up and Final Remarks

Refet S. GURKAYNAK (Professor of Economics, Bilkent University / Research Fellow and Director of the Monetary Economic and Fluctuations Program, CEPR)

*Agenda is subject to change