Event Date: October 5-6, 2023
Event Location: Chicago, Illinois
Organizers: Francesco D’Acunto, Michael Weber

This conference seeks to advance research on the methods to elicit and measure inflation expectations of households and firms, their determinants, and how firms and households use their inflation expectations when making consumption, savings, leverage, labor supply, wage bargaining, investment, price setting, and hiring decisions, among others.

Inflation expectations are central to intertemporal consumption, saving, and investment choices and shape the effectiveness of fiscal and monetary policy.  The recent surge in realized inflation in the United States and other developed economies raises new questions about the anchoring of inflation expectations and the consequences of shifting expectations for economic activity.

In addition to contributed papers, the program will feature presentations by invited speakers Nick Bloom (Stanford University) and Yuriy Gorodnichenko (University of California, Berkeley).

Interested researchers are invited to send submissions to bfi-events@uchicago.edu. Extended abstracts will be considered, but we will prioritize complete drafts.

The organizers invite submissions of research papers on any issue pertaining to inflation expectations.  Topics of particular interest include:

• Eliciting and measuring the inflation expectations of consumers and firms
• Assessing the determinants of inflation expectations
• Understanding the effects of inflation expectations on consumers’ consumption, saving, investment, and labor supply choices
• Determining the effects of inflation expectations on firms’ investment, price setting, and wage setting choices
• Evaluating whether monetary authorities can effectively manage, and anchor the inflation expectations of economic agents through communication
• Studying how inflation expectations affect the effectiveness of monetary policy

The deadline for submission is June 30, 2023. Decisions will be announced by July 31, 2023.

If you have any questions, please email bfi-events@uchicago.edu.

For more information, visit: https://bfi.uchicago.edu/event/inflation-expectations-determinants-and-consequences/