Understanding inflation: lessons from the past, lessons for the futur

European Central Bank
Frankfurt - Germany
21st September 2017 - 22nd September 2017

Many countries have seen low inflation in recent years, and both structural and cyclical factors seem to have contributed to this. The aim of the conference is to enhance our understanding of the drivers and dynamics of inflation and of inflation expectations, to draw conclusions from the most recent low inflation environment as well as from earlier episodes, and to discuss lessons for the future. The conference is intended to provide a forum for discussing innovative research and to facilitate exchanges of views between researchers and policymakers.

The conference will be hosted by the European Central Bank (ECB) in Frankfurt am Main on 21-22 September 2017.

Theoretical and empirical papers on the following topics are particularly welcome:
-structural and reduced-form models of the inflation process
-causes of inflation persistence
-measurement of inflation and understanding inflation dynamics: the use of micro price data and other big data
-inflation through the lens of (global) Phillips curves and the international dimension of inflation
-structural determinants of inflation dynamics and trend inflation, during and after the crisis
-exchange rate and oil price pass-through to inflation
-determinants of inflation expectations, expectation formation mechanisms and repercussions for the evolution of inflation
-determinants of inflation differentials in a monetary union

The scope of the conference is not limited to the topics listed above, and submissions on other related topics are also welcome. The conference material will be made available on the ECB’s website.

Keynote speakers
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Alberto Cavallo (Massachusetts Institute of Technology) and Yuriy Gorodnichenko (University of California, Berkeley)

https://www.ecb.europa.eu/pub/conferences/html/20170921_inflation_conference.en.html

Summary