Conference on Consumer Inflation Expectations

November 18-19, 2010
Agenda
Thursday, November 18th
8:00 Continental Breakfast
8:30 Opening Remarks
William C. Dudley
President and CEO, Federal Reserve Bank of New York
9:00 - 12:00 SESSION 1: Expectations Formation and Measurement
Household Inflation Expectations – Exploiting the Cross Sectional Dimension PDF
Alina Barnett, Bank of England, Silvia Pezzini, Bank of England, and Matthias Paustian, Bank of England
Presentation >> PDF

Discussant: Jiri Slacalek, European Central Bank
Presentation >> PDF
How Do Inflation Expectations Form? Evidence from a High Frequency Survey PDF
Gabriele Galati, De Nederlandsche Bank, Peter Heemeijer, De Nederlandsche Bank, and
Richhild Moessner, Bank for International Settlements
Presentation >> PDF

Discussant: Charles F. Manski, Northwestern University
Presentation >> PDF
Break
Consumers' Quantitative Inflation Perceptions and Expectations in the Euro Area: An Evaluation PDF
Olivier Biau, European Commission, Heinz Dieden, European Central Bank, Gianluigi Ferrucci European Central Bank, Roberta Friz, European Commission and Staffan Linden, European Commission
Presentation >> PDF

Discussant: Michael Bryan, FRB of Atlanta
Presentation >> PDF
Can Quantification Methods Lead to Wrong Conclusions? Evidence from Consumers' Inflation Perceptions and Expectations PDF
Roberta Friz European Commission and Staffan Lindén, European Commission
Presentation >> PDF

Discussant: Daniela Schackis, European Central Bank
Presentation >> PDF

Lunch

1:30 – 4:30 SESSION 2: Inflation Uncertainty and Experiments
Inflation Expectations and Behavior: Do Survey Respondents Act on their Beliefs? PDF
Olivier Armantier, FRBNY, Wandi Bruine de Bruin, Carnegie Mellon, Giorgio Topa, FRBNY, Wilbert van der Klaauw, FRBNY and Basit Zafar, FRBNY
Presentation >> PDF

Discussant: Federica Teppa, De Nederlandsche Bank
Presentation >> PDF
Measuring Consumer Uncertainty about Future Inflation PDF
Wandi Bruine de Bruin, Carnegie Mellon, Charles Manski, Northwestern University, Giorgio Topa, FRBNY, Wilbert van der Klaauw, FRBNY
Presentation >> PDF

Discussant: Jan-Oliver Menz, University of Hamburg
Presentation >> PDF
Break
Inflation Expectations and Monetary Policy Design: Evidence from the Laboratory PDF
Damjan Pfajfar, CentER, EBC, University of Tilburg and Blaz Zakelj, European University Institute
Presentation >> PDF

Discussant: Wandi Bruine de Bruin, Carnegie Mellon University
Presentation >> PDF
Does Economic Literacy Explain Demographic Variation in Inflation Expectations? PDF
Mary A. Burke, FRB of Boston and Michael Manz, Swiss National Bank
Presentation >> PDF

Discussant: Lena Drager, University of Hamburg & ETH Zurich
Presentation >> PDF
5:00 Reception
Friday, November 19th
8:00 Continental Breakfast
8:30 Opening Remarks
Simon Potter
EVP and Director of Economic Research, Federal Reserve Bank of New York
9:00 - 12:00 SESSION 3: News and Learning
Heterogeneous Expectations, Learning and European Inflation Dynamics PDF
Anke Weber, International Monetary Fund
Presentation >> PDF

Discussant: William Branch, UC Irvine
Presentation >> PDF
Information Flows and Disagreement PDF

Cristian Badarinza, Goethe University, Frankfurt am Main, and Marco Buchmann, European Central Bank
Presentation >> PDF

Discussant: Fabien Curto Millet, NERA Economic Consulting
Presentation >> PDF
Break

Do Households Anchor their Inflation Expectations? Evidence
from a Quantitative Survey of Italian Consumers
PDF

Joshy Easaw, University of Swansea, Roberto Golinelli, University of Bologna and Marco Malgarini ISAE
Presentation >> PDF

Discussant: Jan Marc Berk, De Nederlandsche Bank
Presentation >> PDF

Heterogeneity in Consumers’ Learning about Inflation PDF
Robert D. J. Anderson, Newcastle University, Ralf Becker, University of Manchester, Denise R. Osborn, University of Manchester
Presentation >> PDF

Discussant: Adeline Delavande, RAND Corporation
Presentation >> PDF

Boxed Lunches will be provided
Conference Location
Federal Reserve Bank of New York
12th Floor, Conference Center
33 Liberty Street
New York, New York
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