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Inflation: Drivers and Dynamics | 2019 CEBRA Annual Meeting Session Summary


  • Timo Haber
  • Edward S. Knotek
  • Jean-Paul L'Huillier
  • Julio Ortiz
  • Damjan Pfajfar
  • Robert W. Rich
  • Raphael Schoenle


The relationship between the Phillips curve and inflation has become weaker over time, producing questions regarding how policymakers might connect inflation to the rest of the economy. Presentations given during the “Inflation: Drivers and Dynamics” session of the Central Bank Research Association’s annual meeting focused on the intersection of monetary policy and inflation dynamics to examine the ways in which policy might impact inflation and related expectations and processes. This Economic Commentary summarizes the papers presented during this session.

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  • Timo Haber & Edward S. Knotek & Jean-Paul L'Huillier & Julio Ortiz & Damjan Pfajfar & Robert W. Rich & Raphael Schoenle, 2020. "Inflation: Drivers and Dynamics | 2019 CEBRA Annual Meeting Session Summary," Economic Commentary, Federal Reserve Bank of Cleveland, vol. 2020(14), pages 1-3, June.
  • Handle: RePEc:fip:fedcec:88230
    DOI: 10.26509/frbc-ec-202014

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    References listed on IDEAS

    1. Michael T. Kiley & John M. Roberts, 2017. "Monetary Policy in a Low Interest Rate World," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 48(1 (Spring), pages 317-396.
    2. Guido Ascari & Timo Haber, 2019. "Sticky prices and the transmission mechanism of monetary policy: A minimal test of New Keynesian models," Economics Series Working Papers 869, University of Oxford, Department of Economics.
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